Ginni Rometty

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Ginni Rometty
Ginni Rometty at the Fortune MPW Summit in 2011
Rometty at the 2011 Fortune Most Powerful Women Summit
Born Virginia Marie Nicosia[1][2]
(1957-07-29) July 29, 1957 (age 56)
Chicago, Illinois
United States
Nationality American
Education Northwestern University (B.S.)
Occupation Chairman, President and CEO of IBM
Predecessor Samuel J. Palmisano

Virginia Marie "Ginni" Rometty (born July 29, 1957)[3][4] is an American business executive. She is the current Chairman and CEO of IBM, and the first woman to head the company.[5][6] Prior to becoming president and CEO in January 2012 she held the positions of Senior Vice President and Group Executive for Sales, Marketing, and Strategy at IBM. She has been named to Fortune magazine's "50 Most Powerful Women in Business" for eight consecutive years, ranking #1 for 2012,[7] and she was ranked tenth on Forbes magazine's "World's 100 Most Powerful Women" in 2014.[8] She was also named to the Time 100 in 2012,[9] and was included in the 50 Most Influential list of Bloomberg Markets magazine in September 2012.

Early life and education[edit]

Rometty graduated from the Robert R. McCormick School of Engineering and Applied Science at Northwestern University in 1979 with high honors, receiving a bachelor's degree in computer science and electrical engineering.[10] Rometty was a member of the Kappa Kappa Gamma sorority, eventually serving as its president.[11]

Career[edit]

After graduation in 1979, Rometty went to work for General Motors Institute; in 1981, she joined IBM as a systems engineer in its Detroit office.[12] She joined IBM's Consulting Group in 1991. In 2002, she "championed the purchase of the big business consulting firm, PricewaterhouseCoopers Consulting, for $3.5 billion."[13] Rometty became senior vice president and group executive for sales, marketing and strategy in 2009.[12] Rometty is "credited with spearheading IBM's growth strategy by getting the company into the cloud computing and analytics businesses. She was also at the helm of readying Watson, the Jeopardy! playing computer, for commercial use."[14]

On October 25, 2011, IBM announced that she was to be the company's next president and CEO, with Sam Palmisano stepping down but retaining his position as chairman.[12] Rometty's appointment marks the first time a woman has been CEO of IBM.[5] Regarding her promotion, Palmisano stated, "Ginni got it because she deserved it... It’s got zero to do with progressive social policies."[13]

On September 26, 2012, IBM announced that Rometty is taking on the added role of chairman of IBM, as Samuel Palmisano prepares to retire at the end of 2012. She commenced her duty as Chairman and CEO of IBM on October 1, 2012.[6]

Boards and honors[edit]

Rometty is on the Board of Trustees of her alma mater Northwestern University; the Board of Overseers of Memorial Sloan-Kettering Cancer Center;[15] a council member at the Latin America Conservation Council, a subsidiary of The Nature Conservancy;[16] and on The Deming Cup's committee at Columbia Business School, which recognizes individuals for operational excellence.[17] She also served on the Board of Directors of AIG from 2006 until 2009.[18]

Personal life[edit]

Rometty is married to Mark Anthony Rometty, a principal investor in the Bam Oil Company, and the couple have no children.[19]

References[edit]

  1. ^ "Virginia Rometty". prezi.com. Retrieved 16 July 2014. 
  2. ^ Waters, Richard. "More than a big smile on Big Blue’s face". October 28, 2011 (Financial Times). Retrieved 16 July 2014. 
  3. ^ Aluise, Susan J. (May 10, 2012). "America’s 10 Most Powerful Female CEOs". InvestorPlace. Retrieved 10 July 2014. 
  4. ^ Barnett, Megan (November 14, 2011). "Buffett goes big in Big Blue". Fortune. Retrieved 10 July 2014. 
  5. ^ a b "IBM Names Rometty to Succeed Palmisano as First Female CEO". Bloomberg BusinessWeek. 25 October 2011. Retrieved 25 October 2011. 
  6. ^ a b "IBM’s Ginni Rometty Completes Her Ascent by Adding Chairman Role". Bloomberg. Retrieved 26 September 2012. 
  7. ^ "Ginni Rometty". Fortune. 20 September 2012. Retrieved 20 September 2012. 
  8. ^ "The world's 100 most powerful women". Forbes. Retrieved August 24, 2011. 
  9. ^ Mayer, Marissa (18 April 2012). "The 100 Most Influential People in the World". Time. Retrieved 18 April 2012. 
  10. ^ "NU appoints 5 new members to Board of Trustees". Northwestern University. June 25, 2010. Archived from the original on March 30, 2012. Retrieved 2011-10-26. 
  11. ^ Hempel, Jessi (8 October 2012). "IBM's Ginni Rometty looks ahead". Fortune. 
  12. ^ a b c "IBM Names Virginia Rometty as First Female CEO". Wired. October 25, 2011. Retrieved 2011-10-26. 
  13. ^ a b "I.B.M. Names Virginia Rometty as New Chief Executive". The New York Times. October 25, 2011. Retrieved 2011-10-26. 
  14. ^ "IBM CEO Sam Palmisano to step down". CNN. 25 October 2011. Retrieved 25 October 2011. 
  15. ^ "2010 Annual Report". Memorial Sloan-Kettering Cancer Center. Retrieved 2011-10-26. 
  16. ^ "LACC Members". Latin America Conservation Council website. The Nature Conservancy. Retrieved 25 April 2014. 
  17. ^ "Virginia M Rometty biography". IBM. January 2012. Retrieved January 8, 2012. 
  18. ^ IBM's Rometty Breaks Ground as Company's First Female Leader. Bloomberg BusinessWeek, 26 October 2011.
  19. ^ Stewart, James B. (5 November 2011). Mark Rometty "A C.E.O.’s Support System, a k a Husband". The New York Times. Retrieved 3 May 2013. 

External links[edit]

Media related to Ginni Rometty at Wikimedia Commons

Business positions
Preceded by
Samuel J. Palmisano
CEOs of IBM
2012–present
Succeeded by
Present CEO