IBM named Virginia Rometty as the company's first-ever female CEO Tuesday as Sam Palmisano stepped down from his nearly decade-long tenure. Since Palmisano took over in 2002, the CEO oversaw a transition that included selling its PC business, buying PricewaterhouseCoopers Consulting and making more than $25 billion worth of software acquisitions to keep IBM an industry giant. Palmisano will remain chairman. Though he turned 60 earlier this year, his sudden semi-retirement was somewhat unexpected -- when asked by The Wall Street Journal last year, he said he wasn't going anywhere.
e-Commerce Times