IBM Names Virginia Rometty CEO and President

Hot on the heels of HP's decision to hire a newly-appointed CEO comes an announcement from IBM that it too is welcoming a new CEO. The company this week announced that senior vice president and group executive for sales, marketing and strategy, Virgina Rometty, is to be the company's new chief executive officer and president. Rometty will step into the shoes of current IBM chairman, president and chief executive officer, Samuel Palmisano.
Palmisano has been CEO since 2002 and during his time at the helm, IBM's EPS has increased by almost five times, the company has generated over $100 billion in free cash flow, and invested more than $50 billion in research and development. Speaking in a sta... »read more

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