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On January 29, 2002, IBM announced that its board of
directors had elected Samuel J. Palmisano (below left)
as chief executive officer of the company effective March
1. As CEO, Mr. Palmisano succeeds Louis V. Gerstner, Jr.,
(below right) who will remain IBM chairman through the
end of 2002.
With this announcement, IBM recognized the role and impending departure of Mr. Gerstner, who led
the company's transformation in the 1990s into a consumer-focused global enterprise dedicated to
leadership in services and technology. In outlining the transition at the "top of the business,"
the IBM announcement extended the lineage of leadership that began almost a century ago.
IBM has been guided by eight chairmen of the board since its founding as the
Computing-Tabulating-Recording Company (C-T-R) in 1911. Under their stewardship over the years, IBM has
grown from a $4 million business with some 1,200 employees to an $86 billion enterprise employing more
than 319,000 men and women around the world. In chronological order, IBM's former and current chairmen are . . .
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