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Kenneth I. Chenault Elected to IBM Board of Directors


Armonk, N.Y - 27 Oct 1998: . . . The IBM Board of Directors today elected Kenneth I. Chenault to the board. Mr. Chenault, 47, is president and chief operating officer of American Express Company.

Louis V. Gerstner, Jr., IBM chairman and chief executive officer, said: "Ken is an outstanding executive with a long track record of success. We are delighted to have him join our board of directors."

Mr. Chenault has held a series of executive positions since joining American Express in 1981. He has served in his current position since 1997 and from 1995-1997 served as vice chairman of American Express Company. In addition, he has been president of the U.S. division of American Express Travel Related Services Company and president of that unit's Consumer Card Group. Mr. Chenault is a graduate of Bowdoin College and Harvard Law School.

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Contact(s) information

Rob Wilson
IBM
(914) 499-6435
media@info.ibm.com

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