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JPMorgan Chase (NYSE: JPM) announced today that Virginia (Ginni) M. Rometty, 62, has been elected as a director of the company, effective immediately. James A. Bell, 71, and Laban P. Jackson, Jr., 77, have retired from the Board.
Ginni Rometty serves as Executive Chairman of IBM. She was previously Chairman, President and Chief Executive Officer of the company since During her tenure, Mrs. Rometty led IBM through the most significant transformation in its history, reinventing the company to lead in the new era of AI, blockchain, cybersecurity and quantum technologies. In addition, she serves on the Council of Foreign Relations, the board of trustees at Northwestern University and the boards of overseers and managers of Memorial Sloan-Kettering Cancer Center. She is also the co-chair of the Aspen Institute’s Cyber Group and is a member of the advisory board of Tsinghua University School of Economics and Management.
“Ginni Rometty is one of the most accomplished business leaders of our time — leading IBM’s resurgence during an extremely competitive and ever-changing environment. We are so fortunate to attract another outstanding director to our board, and we look forward to working with her,” said Lee Raymond, Lead Director of JPMorgan Chase.
“I have known and admired Ginni f
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Ginni Rometty spoke to Stanford GSB students during a View from the Top discussion. | Photo by Javier Flores
How do you steer a century-old tech giant so it innovates as quickly as a startup? That’s the challenge that Ginni Rometty, the chairman, president, and CEO of IBM, faces. As Silicon Valley grows, spawning new, nimble companies that are barrelling into all of IBM’s major businesses, Big Blue has to fight back using its decades of experience.
Ginni Rometty got her start working on trucks and buses at General Motors, which gave her a scholarship to attend Northwestern as long as she worked for the automaker in the summers. After two years at GM, Rometty joined IBM, where she’s been for nearly four decades, starting as a systems engineer and later working in engineering, sales, research, and finance. She took IBM’s top job in
She’s pushed the company to innovate — 45% of IBM’s current products launched in the past two years — and to focus on important problems. The Watson AI system, known popularly for its Jeopardy! victories, is analyzing big data to improve cancer treatments. The company has continued its move into the cloud and into blockchain, which “will do for trusted transactions what the internet did for information,” she says.
At a recent View From The Top