IBM CEO Virginia Rometty Elected Chairman

Rometty will succeed former IBM CEO Sam Palmisano, who is stepping down from the company's board

IBM announced on Tuesday that its president and CEO, Virginia Rometty, would become chairman starting Oct. 1.

Rometty was voted into the post by the board of directors. As chairman, she will succeed the company's former CEO, Sam Palmisano, who is stepping down from the board.

Rometty was named Palmisano's successor as CEO last October and went on the job in January. She is IBM's ninth CEO and joined the company in 1981. She held top positions in IBM's sales and services units before being appointed to the top management job.

Rometty is already on the company's board of directors. IBM will have 13 directors on the board after Palmisano steps down.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

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