IBM's Palmisano leaves, Rometty takes over as CEO

Reuters News
Posted: Oct 25, 2011 4:51 PM

(Reuters) - IBM's long-serving chief executive, Sam Palmisano, will step down as CEO on January 1 2012 and be replaced by global sales head Virginia Rometty.

International Business Machines Corp said on Tuesday that Palmisano, credited with helping transform the once PC-focused company into a services company during a near-decade-long run starting in 2002, will stay on as chairman.

"Ginni" Rometty, 54, oversees 170 global markets for Big Blue and is responsible for IBM's worldwide results.