Discover what happened on this day. She previously served as chairman, president and CEO of IBM, becoming the first woman to head the company. They Have No Vision. [7][25] She spent the 1990s working in sales,[7] and by the late 1990s was helping clients such as Prudential Financial, Inc. with their internet features. Also known as "boombers", are the result of the end of World War II, when birth rates across the world spiked. Virginia Marie "Ginni" Rometty (born July 29, 1957) is an American business executive who served as executive chairman of IBM after stepping down as CEO on April 1, 2020. Ginni Rometty is part of the Baby boomers generation. The previous CEO of the company Sam Palmisano had the vision of increasing the company’s per-share earnings to two-fold in a period of five years. After two years at GM, Rometty joined IBM, where she’s been for nearly four decades, starting as a systems engineer and later working in engineering, sales, research, and finance. [2] With plans to take IBM out of unprofitable business lines[20] and citing big data and analytics as IBM's "next big growth machine,"[4] in 2014 she brokered a partnership for Apple to design applications for IBM's enterprise customers. [8][9], Rometty's tenure as IBM's CEO was marked by noteworthy awards, including by Bloomberg's 50 Most Influential People in the World,[10] Fortune's "50 Most Powerful Women in Business", Time's 20 Most Important People in Tech and Forbes' America's Top 50 Women In Tech. [6] She joined IBM's Consulting Group in 1991. Work Age Peace. [13] While serving as senior vice president of IBM Global Business Services,[3][26] Rometty then received her "big break"[18] at IBM when she was given the task of integrating PricewaterhouseCoopers and its consultants with IBM. About Ginni Rometty A pioneer for women in technology, Ginni started her career as an engineer over 30 years ago at IBM and become the first female Chairman, President and CEO of IBM in 2012. [49] The following year she ranked No. playing computer, for commercial use. FORTUNE may receive compensation for some links to products and services on this website. Early life and education. Carrera 11 on the 2016 Forbes list of The World's 100 Most Powerful Women. Ginni Rometty is Chairman at Intl Business Machines Corp. See Ginni Rometty's compensation, career history, education, & memberships. [7] She graduated with high honors from the Robert R. McCormick School of Engineering and Applied Science at Northwestern University in 1979,[19][5] receiving a bachelor's degree in computer science and electrical engineering. [42][43] In May 2020, she was elected to the board of JPMorgan Chase. [16] She was criticized by investors[54] for 22 consecutive quarters of revenue decline between 2012 and the summer of 2017,[9][15] and by IBM employees for accepting pay bonuses during times of layoffs[29] and offshoring. [1][2][3] Prior to becoming president and CEO in January 2012, she first joined IBM as a systems engineer in 1981 and subsequently headed global sales, marketing, and strategy. [25], While general manager of IBM's global services division,[7] in 2002 she championed[25] and helped negotiate the purchase of Monday, the consulting arm of professional services firm PricewaterhouseCoopers[7] for $3.5 billion. Ginni Rometty Aspen Cybersecurity Group Co-Chair, Chairman, President and CEO, IBM Corporation Ginni began her career with IBM in 1981 in Detroit. She was also at the helm of readying Watson, the Jeopardy! After more than 40 years at IBM, former chief executive officer and executive chairman Ginni Rometty grants us her exclusive 'exit interview' in … [17][55][16], In May 2019, Rometty received the Edison Achievement Award for her commitment to innovation throughout her career. Virginia “Ginni” Rometty was born in 1957 in Chicago to very young parents. [56], Virginia Nicosia married Mark Anthony Rometty,[57] a private-equity investor, in 1979. This Teaching Note helps instructors understand and teach the Harvard Business School case “IBM Transforming, 2012–2016: Ginni Rometty Steers Watson,” which examines Rometty’s leadership of systemic change at a large company confronted with significant strategic, … [5] Among other roles, she served as general manager of IBM Global Services, Americas, as well as general manager of IBM's Global Insurance and Financial Services Sector. IBM CEO Ginni Rometty: The Future of Work Depends on Education Reform I am often asked about artificial intelligence and the future of work. One of the precious celeb listed in Business Executive list. Ginni Rometty, The Trailblazing Tech Icon And CEO Of IBM, Is Stepping Down Ginni Rometty intends to remain IBM’s executive chairman through the end of the year, at which time, she will retire. The discussion of colleges providing training that ends in jobs for students. [5][26] She was also managing partner at IBM Business Consulting Services, Inc. and general of manager of Insurance Industry Group. Ginni Rometty was born on July 29, 1957, in Chicago, Illinois, as Virginia Marie Nicosia. Ginni Rometty is also listed along with people born on 29-Jul-57. A former director at APQC,[5] she also served on the board of directors of AIG from 2006 until 2009. [5] In 1981 she joined IBM as a systems analyst[18] and systems engineer in Detroit. America's students deserve nothing less. IBM CEO Ginni Rometty: AI will change 100 percent of jobs over the next decade Published Tue, Apr 2 2019 3:05 PM EDT Updated Tue, Apr 2 2019 3:41 PM EDT Lori Ioannou @LoriIoannou1 The 50s were also the beginning of the Space Race, Cold War and the Civil Rights Movement. Ginni has 10 jobs listed on their profile. Ocupa la función de Presidenta-directora-general de la empresa IBM. "[25] She became president and CEO on January 1, 2012, also taking on the additional role of IBM chairman on October 1, 2012[5] when Palmisano retired. Her parents divorced and her father left when she was fifteen years old, and her mother subsequently took on multiple jobs to support the family while Rometty looked after the household in the evenings. Her parents divorced and her father left when she was fifteen years old, and her mother subsequently took on multiple jobs to support the family while Rometty looked after the household in the evenings. [31] In January 2018, she announced IBM's first quarter of year-over-year revenue increase since 2012, with particular growth in areas such as data, blockchain, and the cloud. 7 in 2011,[13] she ranked No. The 1950s is often viewed as "baby boom" and a period of conformity, when young and old alike followed group norms rather than striking out on their own. IBM's Virginia Rometty on Leadership and Management To get its huge work force moving at pace behind the strategy, Ms. Rometty is tapping modern social media communications tools. [5][26], Laid out by Rometty and other IBM executives,[7][3] in 2007 IBM announced[4] a five-year growth plan[13] concerning revenue growth and capital allocation. Ginni Rometty Wiki Biography. [50] She was named the sixth most important person in tech by TIME magazine in March 2018. Ginni Rometty, CEO of IBM, discusses how IBM's apprenticeship program aims to provide workers with the skills needed to keep up with rapidly developing technology. [4][5] While general manager of IBM's global services division, in 2002 she helped negotiate IBM's purchase of PricewaterhouseCoopers IT consulting business, becoming known for her work integrating the two companies. [44], Rometty's tenure as IBM CEO has been marked by prestigious rankings, including by Bloomberg, who named her among the 50 Most Influential People in the World in 2012. She has been active in the business world since 1979. Ginni Rometty nació el 29 de julio de 1957 en Chicago y es la mayor de cuatro hermanos [4] . Ginni Rometty is chairman, president and CEO of IBM Corporation and a member of Business Roundtable, an association of … Market data provided by Interactive Data. And so when I moved to IBM, I moved because I thought I could apply technology. All rights reserved. Ginni Rometty. Great Believe Foundation. [15][16][17], Ginni Rometty was born on July 29, 1957, in Chicago, Illinois, as Virginia Marie Nicosia. Ginni Rometty View Press Release. [46] Since 2005[5] she has been listed among Fortune's “50 Most Powerful Women in Business,"[13][14] ranking in the top 10 since 2010. Offers may be subject to change without notice. [5] During this time she pushed the development of IBM's growth-markets unit, which had been created in 2008 to focus on emerging markets such as Brazil and Vietnam. Ginni will be working tirelessly with EWC members to promote the Business Roundtable’s new “Tomorrow Ready” platform on education … "[27], On October 25, 2011, IBM announced that she was to be the company's next president and CEO,[21][3] becoming the ninth chief executive in its history. [4] Among other strategies, the "2015 Roadmap"[7][3] outlined moving IBM away from the hardware industry to focus on businesses such as software and services. [28] Rometty had IBM spend $8.5 billion acquiring around 30 companies between 2012 and 2015,[8] and by 2016 she had overseen the divestment of about $7 billion in commoditized assets such as chip manufacturing. IBM chief Ginni Rometty has said that Indians lack the specific skill sets despite a significant increase in the new-age jobs in the market. [18][19][3] Growing up outside Chicago, she was the eldest of four children in an Italian-American family. Rometty’s mother was not much educated and while she was home-maker before her divorce, she took odd jobs to support her children. [25] In January 2009, she was placed in charge of IBM's sales force,[6] serving as senior vice president of global sales and distribution until 2010. [19][18][20], She began attending Northwestern University in Illinois in 1975 on a scholarship from General Motors, where she interned between her junior and senior years. Quotes delayed at least 15 minutes. Transformation at IBM under CEO Ginni Rometty. Introduction. [58], Media related to Ginni Rometty at Wikimedia Commons, 1979–1990s: GM and IBM technical positions, Robert R. McCormick School of Engineering and Applied Science, Tsinghua University School of Economics and Management, "IBM Names Rometty to Succeed Palmisano as First Female CEO", "IBM's Ginni Rometty Completes Her Ascent by Adding Chairman Role", "IBM grants CEO Ginni Rometty a record bonus after share surge", "The 20 Most Influential People in Tech Right Now", "IBM 's sales grew for the first time in 5 years", "More than a big smile on Big Blue's face", "NU appoints 5 new members to Board of Trustees", "IBM Names Virginia Rometty as First Female CEO", "Rensselaer Polytechnic Institute Graduates 1,613 in 208th Commencement Ceremony", "IBM executive, Northwestern alumna Virginia Rometty to speak at 2015 commencement", "I.B.M. 3 in 2015,[8][17] No. Growing up outside Chicago, she was the eldest of four children in an Italian-American family. They are associated with a rejectio… [17], In May 2017, Austin Business reported that Rometty had successfully shifted IBM away from "shrinking businesses such as computers and operating system software, and into higher-growth areas like artificial intelligence. [21][19] She has received honorary doctoral degrees from Rensselaer Polytechnic Institute (2014)[22] and Northwestern University (2015). [32] By 2018, she stated that around half of IBM's 9,043 patents in 2017 were in AI, cloud computing, cybersecurity, blockchain and quantum computing. Ginni has a Bachelor of Science degree with high honors in computer science and electrical engineering from Northwestern University, where she later was awarded an honorary degree. [8] Ginni Rometty. © 2020 Fortune Media IP Limited. She graduated with honors in 1979, receiving a Bachelor’s Degree in Computer Science and Electrical Engineering. [11][12][5][13][14] Her tenure has also been met by fierce criticism relating to executive compensation bonuses, layoffs, outsourcing, and presiding over 24 consecutive quarters of revenue decline. [23] She also received an honorary degree from North Carolina State University. [47] She was named to Forbes magazine's "World's 100 Most Powerful People" in 2014,[48] and she also ranked No. Names Virginia Rometty as New Chief Executive", "IBM, Ginni Rometty sign yet another Silicon Valley partner", "IBM CEO Rometty Proposes 'Watson's Law': AI In Everything", "KPMG Honors Stem Pioneer Ginni Rometty for Inspiring Next Generation of Women Leaders", "IBM Ends 22-Quarter Streak of Falling Revenue", "IBM Breaks Records to Top U.S. Patent List for 25th Consecutive Year", https://www.wsj.com/articles/ginni-rometty-stepping-down-as-ibm-ceo-11580420650, "IBM's Ginni Rometty is stepping down as CEO", "Ginni Rometty to Step Down as C.E.O. She ended up interning for GM during her junior and senior year, giving her valuable experiences that she’ll take with her after college. [6] From 2010 until 2012 she was an IBM senior vice president, and from 2010 until 2012, she was IBM's Group Executive of Sales, Marketing & Strategy. Ginni Rometty got her start working on trucks and buses at General Motors, which gave her a scholarship to attend Northwestern as long as she worked for the automaker in the summers. [4] Her parents divorced and her father left when she was fifteen years old, and her mother subsequently took on multiple jobs to support the family while Rometty looked after the household in the evenings. [7] In 2014, Rometty became the third female member of the Augusta National Golf Club, following the lead of Condoleezza Rice. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. [4] With no children, the couple divides their time between New York and Bonita Springs, Florida. Why IBM’s Ginni Rometty has me thinking about the future of post-secondary learning Published on October 8, 2020 October 8, 2020 • 1,116 Likes • 34 Comments Ripple demands Bitcoin and Ethereum docs from SEC amid legal fight, Hedge funds and other short-sellers have lost an astounding amount betting against GameStop, Hedge fund titans Steve Cohen and Dan Sundheim lose big in GameStop short squeeze frenzy, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Nothing much is known about Ginni Education Background & Childhood. [31] After ranking No. Since becoming CEO in January 2012, Ginni has led IBM through the most significant transformation in its history, reinventing the company to lead in the new era of AI, blockchain, cybersecurity and quantum technologies, all delivered on IBM’s enterprise-strength cloud platform. [34][35][36], A director at IBM since 2012, Rometty has also been involved in IBM organizations such as its Women in Technology Council, Women's Executive Council, and Women's Leadership Council. She retired from IBM on December 31, 2020 after a near-40 year career at IBM. [6][7] As CEO, she focused IBM on analytics, cloud computing, and cognitive computing systems. … En 1979 se graduó con honores, recibiendo una licenciatura en ciencias informáticas y en ingeniería eléctrica por el Robert R. McCormick School of Engineering and Applied Science en Universidad Northwestern.. Carrera profesional 1979–1990: Posiciones técnicas de GM e IBM All Rights Reserved. Commentary: Bachelor’s degrees aren't the only pathway to a good job. 10. Ginni Rometty was born on July 29, 1957, in Chicago, Illinois, as Virginia Marie Nicosia. [5] Rometty received the Carl Sloane Award 2006 from the Association of Management Consulting Firms. This week, IBM Chairman, President and CEO Ginni Rometty was named Chair of the Business Roundtable Education and Workforce Committee (EWC). "IBM: Employees React to Rometty, Exec Bonuses as Layoffs Reach 5K", "Trustee and alumna Ginni Rometty honored with Edison Achievement Award", "A C.E.O. [25][13] The acquisition was the "largest in professional services history"[26] and launched IBM in the services business. Ginni attended Northwestern University in 1975 on a scholarship from General Motors. [6] In 2002 Time named her to its 2002 Global Business Influential list. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. [23] She was a member of the White House's Business Advisory Panel for much of 2017, before the panel dissolved itself that August. Licenciada en ciencias informáticas e ingeniería eléctrica en 1979, estudió en la universidad Northwestern. [57] She goes to Broadway shows and participates in scuba diving as a hobby. Later that year she announced that IBM would partner with SAP on cloud computing and with Twitter on data analytics, and in 2015 she also brokered a partnership with Box. Virginia Rometty, who is commonly known as “Ginni” became the Chief Operating Officer (CEO) of IBM in the year 2012. Ginni Rometty was born on July 29, 1957, in Chicago, Illinois, [21] [6] as Virginia Marie Nicosia. "[29][8][30][9] On June 28, 2017, she was awarded the KPMG Inspire Greatness Award. [12], Rometty's tenure as CEO has met with criticism as well,[17] and by 2016 she had been named among the worst CEOs by publications including the Motley Fool,[51] Forbes,[52] the Wall Street Journal,[53] and 24/7 Wallstreet. Last fall, IBM started Think Academy, an ambitious online education program. By Ginni Rometty, Chairman, President & CEO, IBM T he Carl D. 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