IBM CEO and president Virginia M. Rometty has been made the chairman of the board at the company. Her new position will begin on October 1st. Rometty, 55, will be succeeding Samuel J. Palmisano. Palmisano is stepping down next Monday, but has been named as a senior adviser to IBM until he retires on December 1, 2012.
Palmisano was made IBM CEO In 2002 and he was elected as chairman of the board in 2003. Palmisano was instrumental in IBM stepping away from PC and hard drive development to focus on software and analytics. Rometty was IBM’s 9th CEO and had succeeded Palmisano earlier this year when she became CEO on January 1st.
Rometty said that IBM would stay on their current course and had planned a roadmap through 2015. Rometty climbed the ranks at IBM after she started as a director. She worked in IBM’s services, sales, strategy, and marketing divisions. Rometty also worked on the integration of PricewaterhouseCoopers Consulting, which was the largest acquisition in the professional services history. The acquisition involved over 100,000 business consultants and services experts. [ZDNet]