Tuesday October 25, 2011

IBM Names Its First Female CEO

IBM's current CEO is retiring at 60 and is handing over the reigns to the company's first female CEO.

Palmisano, who turned 60 this year, has been CEO for nearly a decade. He will stay on as chairman. Virginia "Ginni" Rometty, 54, is in charge of IBM's sales and marketing, and has long been whispered about by industry watchers as Palmisano's likely heir. With Rometty's appointment, effective Jan. 1, women will be in charge of two of the world's largest technology companies.