VIRGINIA MARIE "GINNI" ROMETTY (born July 29, 1957) is an American
business executive. She is the current chairman , president , and CEO
IBM , and the first woman to head the company. 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 joined
IBM as a systems engineer in its Detroit office in
Rometty's tenure as CEO has been marked by prestigious awards
including by Bloomberg who named her among the 50 Most Influential
People in the World , and Fortune naming her among the "50 Most
Powerful Women in Business" for ten consecutive years. Her tenure as
CEO has been met by criticism related to executive compensation and
outsourcing, and IBM's 21 consecutive quarters of revenue decline.
* 1 Early life and education
* 2 Career
* 3 Boards and honors
* 4 Criticism
* 5 Personal life
* 6 References
* 7 External links
EARLY LIFE AND EDUCATION
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 . Rometty was a member of the Kappa Kappa
Gamma sorority, eventually serving as its president.
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. 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." Rometty became
senior vice president and group executive for sales, marketing, and
strategy in 2009 and 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."
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. Rometty's appointment marks the first time
a woman has been CEO of IBM. Regarding her promotion, Palmisano
stated, "Ginni got it because she deserved it... It’s got zero to do
with progressive social policies."
On September 26, 2012,
IBM announced that Rometty was taking on the
added role of chairman of IBM, as Samuel Palmisano prepared to retire
at the end of 2012. Rometty commenced her duty as chairman, president,
and CEO of
IBM on October 1, 2012. One of her goals is to focus
company efforts on the cloud and cognitive computing systems, such as
On March 17, 2017, Rometty, who is a part of a White House
business-advisory council under the
Trump Administration , was
included in a business leaders' symposium during German Chancellor
Angela Merkel 's visit to Washington .
BOARDS AND HONORS
Rometty serves on the
Council on Foreign Relations
Council on Foreign Relations ; the Board of
Trustees of her alma mater Northwestern University; the Board of
Overseers and Board of Managers of Memorial Sloan-Kettering Cancer
Center ; and is a council member at the Latin America Conservation
Council, a subsidiary of
The Nature Conservancy . She also served on
the Board of Directors of AIG from 2006 until 2009.
In 2014, Rometty was featured in the
PBS documentary The Boomer List.
Also that year, she became the third female member of the Augusta
National Golf Club. She has received honorary doctoral degrees from
Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute (2014) and Northwestern University
In Fortune's September 15, 2015 issue, Rometty ranked 3rd on their
Most Powerful Women List.
Named the 11th most powerful woman on the 2016 Forbes list: The
World\'s 100 Most Powerful Women .
Over Rometty's tenure as CEO she has been met by increasing
criticism, most notably a confrontation with Mark Cuban, who said she
had lacked vision, with
IBM losing revenue now for 20 consecutive
quarters in a row.
IBM employees have also criticized her for taking
pay bonuses despite massive layoffs of
IBM employees, and poor
performance. Rometty has been named among the worst CEO's by several
publications including the Motley Fool, 24/7 Wallstreet, Forbes, and
the Wall Street Journal.
Rometty is married to Mark Anthony Rometty, a principal investor in
the Bam Oil Company. The couple has no children.
* ^ "Virginia Rometty". prezi.com. Retrieved 16 July 2014.
* ^ Waters, Richard. "More than a big smile on Big Blue’s face".
October 28, 2011.
Financial Times . Retrieved 16 July 2014.
* ^ Aluise, Susan J. (May 10, 2012). "America’s 10 Most Powerful
Female CEOs". InvestorPlace. Retrieved 10 July 2014.
* ^ Barnett, Megan (November 14, 2011). "Buffett goes big in Big
Blue". Fortune . Retrieved 10 July 2014.
* ^ A B "
IBM Names Rometty to Succeed Palmisano as First Female
Bloomberg BusinessWeek . 25 October 2011. Retrieved 25 October
* ^ A B "IBM’s
Ginni Rometty Completes Her Ascent by Adding
Chairman Role". Bloomberg. Retrieved 26 September 2012.
* ^ Forbes magazine's "World's 100 Most Powerful People" in
2014."The world\'s 100 most powerful". Forbes.
Time 100 in 2012,Mayer, Marissa (18 April 2012). "The 100 Most
Influential People in the World". Time. Retrieved 18 April 2012.
* ^ 50 Most Influential list of
Bloomberg Markets magazine in
* ^ "Ginni Rometty". Fortune . 20 September 2012. Retrieved 20
* ^ "Ginni Rometty". Fortune .
* ^ "CEO\'s who have to go". 24/7 Wall Street.
* ^ "Fortune Magazine". Gets a Raise Despite Tumbling Stock Price.
* ^ "Mark Cuban Slams IBM: It\'s \'No Longer A Tech Company. They
Have No Vision.\'". Business Insider. Retrieved 2017-04-21.
* ^ "NU appoints 5 new members to Board of Trustees". Northwestern
University . June 25, 2010. Archived from the original on June 29,
2010. Retrieved 2011-10-26.
* ^ Hempel, Jessi (8 October 2012). "IBM\'s
Ginni Rometty looks
ahead". Fortune .
* ^ A B C "
IBM Names Virginia Rometty as First Female CEO". Wired.
October 25, 2011. Retrieved 2011-10-26.
* ^ A B "I.B.M. Names Virginia Rometty as New Chief Executive". The
New York Times . October 25, 2011. Retrieved 2011-10-26.
* ^ "
Sam Palmisano to step down".
CNN . 25 October 2011.
Retrieved 25 October 2011.
* ^ A B Bellstrom, Kristen (September 15, 2015). "Fortune's Most
Powerful Women List". Fortune.
* ^ "Women\'s pay (discussed) with Trump at
White House (diversity
and manufacturing-training) meeting". CNBC. March 17, 2017. Retrieved
* ^ "2010 Annual Report" (PDF). Memorial Sloan-Kettering Cancer
Center . Retrieved 2011-10-26.
* ^ "LACC Members". Latin America Conservation Council website. The
Nature Conservancy . Retrieved 25 April 2014.
* ^ IBM\'s Rometty Breaks Ground as Company\'s First Female Leader.
Bloomberg BusinessWeek, 26 October 2011.
* ^ "The Boomer List".
PBS . pp. Rometty starting at 1 hr 6 min.
Retrieved 9 October 2014.
* ^ "Virginia Rometty becomes 3rd female member of Augusta National
- ESPN". ESPN.com. Retrieved 17 November 2014.
* ^ "
Rensselaer Polytechnic Institute