Ginni Rometty
Ginni Rometty | |
---|---|
Born | Virginia Nicosia July 29, 1957 |
Education | Northwestern University (BS) |
Spouse | Mark Rometty (1979–present) |
Virginia "Ginni" Rometty (born July 29, 1957) is an American business executive who was executive chairman of IBM after stepping down as CEO on April 1, 2020. She was previously chairman, president and CEO of IBM, becoming the first woman to head the company. She retired from IBM on December 31, 2020, after a near-40 year career there.[1][2][3] Before becoming president and CEO in January 2012, she first joined IBM as a systems engineer in 1981 and subsequently headed global sales, marketing, and strategy.[4][5]
While general manager of IBM's global services division, in 2002 she helped negotiate IBM's purchase of
Rometty's tenure as IBM's CEO was marked by awards including by
Early life and education
Ginni Rometty was born on July 29, 1957, in
She began attending
Career
1979–1990s: GM and IBM technical positions
After graduation in 1979, Rometty went to work for
2000–2011: IBM management
While general manager of IBM's global services division,
Laid out by Rometty and other IBM executives,
2012–2020: Leadership of IBM
On October 25, 2011, IBM announced that she was to be the company's next president and CEO,
In May 2017, Austin Business reported that Rometty had successfully moved IBM away from "shrinking businesses such as computers and operating system software, and into higher-growth areas like artificial intelligence."[29][8][30][9] On June 28, 2017, she was awarded the KPMG Inspire Greatness Award.[31] In January 2018, she announced IBM's first quarter of year-over-year revenue increase since 2012, with particular growth in areas such as data, blockchain, and the cloud.[32] By 2018, she stated that around half of IBM's 9,043 patents in 2017 were in AI, cloud computing, cybersecurity, blockchain and quantum computing.[33]
On January 30, 2020, it was announced that Rometty would be stepping down as IBM's CEO to be replaced by Arvind Krishna. She remained executive chairman until December 31, 2020, when she was replaced by Arvind Krishna.[34]
Boards and committees
A director at IBM since 2012, Rometty has also been involved in IBM organizations such as its Women in Technology Council, Women's Executive Council, and Women's Leadership Council. A former director at APQC,[5] she also served on the board of directors of AIG from 2006 until 2009.[35] She remains on the board of overseers and board of managers[5] for the Memorial Sloan Kettering Cancer Center,[26][36] and since 2013[26] she has been a council member at the Latin America Conservation Council.[37] Rometty serves on the Council on Foreign Relations and is also on the board of trustees of her alma mater Northwestern University,[5][26] where she was commencement speaker for the graduating class of 2015.[23] She was a member of the White House's Business Advisory Panel for much of 2017, before the panel dissolved itself that August.[38] In November 2017, she co-chaired WEF Davos.[39]
She also serves as the co-chair of the Aspen Institute’s Cyber Group, a member of the advisory board of Tsinghua University School of Economics and Management, and a member of the Singapore Economic Development Board International Advisory Council.[40] In May 2020, she was elected to the board of JPMorgan Chase.[41]
Industry reception
Rometty's tenure as IBM CEO has been marked by prestigious rankings, including by
Rometty's tenure as CEO has met with criticism as well, during her tenure, IBM revenue dropped from $104 billion in 2012 to $60 billion in 2020.
In May 2019, Rometty received the
Personal life
Virginia Nicosia married Mark Anthony Rometty,
References
- ^ Bloomberg BusinessWeek. October 25, 2011. Archived from the originalon January 2, 2013. Retrieved October 25, 2011.
- ^ a b "IBM's Ginni Rometty Completes Her Ascent by Adding Chairman Role". Bloomberg.com. Bloomberg L.P. September 26, 2012. Retrieved September 26, 2012.
- ^ a b c d e f g Aluise, Susan J. (May 10, 2012). "America's 10 Most Powerful Female CEOs". InvestorPlace. Retrieved July 10, 2014.
- ^ Barron's, Leslie P. Norton, May 31, 2014
- ^ a b c d e f g h i j k l m n o "Virginia M. Rometty Profile", Bloomberg
- ^ Wall Street Journal, October 27, 2011
- ^ a b c d e f g h i j k l m Hempel, Jessi (October 8, 2012). "IBM's Ginni Rometty looks ahead". Fortune.
- ^ a b c d Bellstrom, Kristen (September 15, 2015). "Fortune's Most Powerful Women List". Fortune.
- ^ a b c "IBM grants CEO Ginni Rometty a record bonus after share surge", Financial Review, February 7, 2017
- ^ 50 Most Influential list of Bloomberg Marketsmagazine in September 2012
- ^ "Ginni Rometty". Forbes.
- ^ a b "The 20 Most Influential People in Tech Right Now", Time, May 8, 2017
- ^ a b c d e f "Ginni Rometty". Fortune. September 20, 2012. Retrieved September 20, 2012.
- ^ a b c "Ginni Rometty". Fortune. 2014.
- ^ a b Danielle Wiener-Bronner (January 18, 2018). "IBM 's sales grew for the first time in 5 years". CNN.
- ^ a b c "CEOs Who Have to Go in 2016". 247wallst.com. Retrieved May 2, 2017.
- ^ a b c d e f g "Fortune Magazine". Gets a Raise Despite Tumbling Stock Price.
- ^ a b c d e Waters, Richard (October 28, 2011). "More than a big smile on Big Blue's face". Financial Times. Retrieved July 16, 2014.
- ^ a b c d "NU appoints 5 new members to Board of Trustees". Northwestern University. June 25, 2010. Archived from the original on June 29, 2010. Retrieved October 26, 2011.
- ^ a b c "Lunch with the FT: Ginni Rometty", Gillian Tett, Financial Times, February 6, 2015
- ^ a b c d e f "IBM Names Virginia Rometty as First Female CEO". Wired. October 25, 2011. Retrieved October 26, 2011.
- ^ "Rensselaer Polytechnic Institute Graduates 1,613 in 208th Commencement Ceremony". Retrieved April 4, 2015.
- ^ a b "IBM executive, Northwestern alumna Virginia Rometty to speak at 2015 commencement". March 5, 2015. Retrieved April 4, 2015.
- ^ "NC State Commencement". news.ncsu.edu. April 15, 2019. Retrieved January 31, 2020.
- ^ a b c d e f g h "I.B.M. Names Virginia Rometty as New Chief Executive". The New York Times. October 25, 2011. Retrieved October 26, 2011.
- ^ a b c d e f g "Council Members - Ginni Rometty", Latin America Conservation Council, 2018
- ^ "IBM CEO Sam Palmisano to step down". CNN. October 25, 2011. Retrieved October 25, 2011.
- ^ "IBM, Ginni Rometty sign yet another Silicon Valley partner", Business Journals, Caroline McMillan Portillo, June 24, 2015
- ^ Austin Business Journal, May 19, 2017
- ^ "IBM CEO Rometty Proposes 'Watson's Law': AI In Everything", Adrian Bridgewater, Forbes, March 20, 2018
- ^ a b "KPMG Honors Stem Pioneer Ginni Rometty for Inspiring Next Generation of Women Leaders", Cision, June 28, 2017
- ^ Lohr, Steve (January 18, 2018). "IBM Ends 22-Quarter Streak of Falling Revenue". The New York Times.
- ^ "IBM Breaks Records to Top U.S. Patent List for 25th Consecutive Year", IBM, January 9, 2018
- ISSN 0362-4331. Retrieved February 28, 2020.
- ^ IBM's Rometty Breaks Ground as Company's First Female Leader. Bloomberg BusinessWeek, October 26, 2011.
- Memorial Sloan-Kettering Cancer Center. Retrieved October 26, 2011.
- ^ "LACC Members". Latin America Conservation Council website. The Nature Conservancy. Archived from the original on March 18, 2014. Retrieved April 25, 2014.
- ^ "Private: IBM's CEO Reveals Why Trump's Business Advisory Panel Was Killed" Archived July 25, 2018, at the Wayback Machine, Fortune, August 16, 2017
- ^ Christie, Sophie (November 14, 2017). "World Economic Forum asks seven women to co-chair Davos – and zero men". The Daily Telegraph.
- ^ "JPMorgan Chase Board of Directors Welcomes Virginia Rometty" (Press release). JPMorgan Chase. May 19, 2020. Retrieved December 29, 2020.
- "Our Team". Singapore Economic Development Board. Retrieved December 29, 2020. - ^ Dabaie, Michael (May 19, 2020). "JPMorgan Says IBM Executive Chairman Rometty Elected to Board". MarketScreener. Retrieved December 29, 2020.
- ^ Mayer, Marissa (April 18, 2012). "The 100 Most Influential People in the World". Time. Archived from the original on April 19, 2012. Retrieved April 18, 2012.
- ^ "The Boomer List". PBS. pp. Rometty starting at 1 hr 6 min. Retrieved October 9, 2014.
- ^ "Ginni Rometty - Most Powerful Women" Archived July 25, 2018, at the Wayback Machine, Fortune, 2017
- Forbes magazine's "World's 100 Most Powerful People" in 2014."The world's 100 most powerful". Forbes.
- ^ "World's Most Powerful Women". Forbes. Retrieved July 24, 2017.
- ^ "World's Most Powerful Women". Forbes. Retrieved March 29, 2018.
- ^ Mattera, Sam (May 2, 2017). "The Worst Tech CEOs of 2014 -- The Motley Fool". The Motley Fool. Retrieved May 2, 2017.
- ^ Hartung, Adam. "Why You Do Not Want To Own IBM: Growth Stalls Are Deadly". Forbes. Retrieved May 2, 2017.
- ISSN 0099-9660. Retrieved May 2, 2017.
- ^ "Mark Cuban Slams IBM: It's 'No Longer A Tech Company. They Have No Vision.'". Business Insider. Retrieved April 21, 2017.
- ^ "IBM: Employees React to Rometty, Exec Bonuses as Layoffs Reach 5K". The Var Guy. Archived from the original on October 23, 2017. Retrieved May 2, 2017.
- ^ "Trustee and alumna Ginni Rometty honored with Edison Achievement Award". Northwestern University. Retrieved July 25, 2019.
- ^ a b Stewart, James B. (November 5, 2011). "A C.E.O.'s Support System, a k a Husband". The New York Times. Retrieved May 3, 2013.
- ^ "Virginia Rometty becomes 3rd female member of Augusta National". ESPN. November 13, 2014. Retrieved November 17, 2014.
External links
Media related to Ginni Rometty at Wikimedia Commons