IBM CEO to Take Over as Company Chairman

IBM (NYSE: IBM) CEO Arvind Krishna is about to add another heavyweight job title to the nameplate on his door. The veteran tech company announced Wednesday that he has been elected the chairman of the company's board, effective Jan. 1.

The move comes nearly one year after Krishna won another crucial company vote -- the one naming him CEO. This poll took place in January, and he formally ascended to the position in early April, at the same time taking a seat on the board. As CEO then, and as chairman on Jan. 1, he succeeds the retiring Virginia Rometty. Her departure from the board was announced at the start of this year.

Image source: IBM.

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Source Fool.com