IBM today named Virginia (Ginni) Rometty CEO and director effective January 1, 2012. She succeeds Samuel Palmisano, currently chairman, president and chief executive officer. He will remain as chairman of the board.
“Ginni Rometty has successfully led several of IBM’s most important businesses over the past decade—from the formation of IBM Global Business Services to the build-out of our Growth Markets Unit,” Palmisano said in a press release. “She has spurred us to keep pace with the needs and aspirations of our clients by deepening our expertise and industry knowledge. Ginni’s long-term strategic thinking and client focus are seen in our growth initiatives, from cloud computing and analytics to the commercialization of Watson. She brings to the role of CEO a unique combination of vision, client focus, unrelenting drive, and passion for IBMers and the company’s future. I know the board agrees with me that Ginni is the ideal CEO to lead IBM into its second century.”
When Rometty steps into the role, thirteen of the Fortune 500 companies will be led by women. Rometty is the first to lead IBM. In recent months Carol Bartz was unceremoniously removed as CEO of Yahoo and Meg Whitman was tapped to lead Hewlett Packard.
The Rometty news is exciting. It marks the first time two technology giants will be led by women, providing much needed role models to girls and women interested in science and tech career paths. Still, corporate America has a long way to go toward gender equity. The InterOrganization Network (ION), an alliance of fourteen women’s business organizations that conducts benchmarking studies of women directors and executive officers of public companies, reports women hold only 12-20 percent of board seats at Fortune 500 companies. And, of the public companies with women on the board, only between 0-29 percent have a boards comprised of 25 percent women and between 8-50 percent have no women directors at all. Between 58-82 percent have no women among most highly compensated executives. We’re making progress, but there is still much to be done.
Luckily, we don’t have to helm an international conglomerate to make a difference. No matter where we are in our careers, we can:
- Encourage a young girl to pursue her interests in math and science.
- Mentor another woman and give her the support and resources she needs to achieve her goals.
- Hone our negotiation skills and learn to advocate for our own careers.
- Let businesses know we appreciate their commitment to diversity at the top.
- Refuse to do business with those who make excuses for not promoting women and minorities.
Watch Rometty talk about risk-taking at the At the Fortune Most Powerful Women Summit earlier this month.
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