IBM Appoints Gary D. Cohn As Vice Chairman

Rhea-AI Summary

IBM has appointed Gary D. Cohn as Vice Chairman, joining the Executive Leadership Team. Cohn's extensive experience in business and government is expected to enhance IBM's initiatives in business development and client services. He aims to support the company's hybrid cloud and AI strategy, a crucial area for growth. Previously, Cohn served as Assistant to the President for Economic Policy and was President of Goldman Sachs. His leadership is anticipated to bring valuable insights to IBM's operations and client engagement.

Positive

• Appointment of Gary D. Cohn as Vice Chairman enhances leadership.
• Cohn's experience in business and government supports strategic initiatives.
• Focus on hybrid cloud and AI strategy aligns with growth opportunities.

Negative

• None.

ARMONK, N.Y., Jan. 5, 2021 /PRNewswire/ -- IBM (NYSE: IBM) today announced the appointment of Gary D. Cohn as Vice Chairman of IBM and member of the IBM Executive Leadership Team.

Mr. Cohn will work in partnership with Mr. Krishna and the IBM Executive Leadership Team on a wide range of business initiatives and external engagement, in areas including business development, client services, public advocacy and client relationship management.

"Gary is a globally respected leader with deep experience operating at the center of business and government," said Mr. Krishna. "As a senior representative of IBM, his knowledge of technology and business transformation, combined with policymaking expertise, will bring unique value to our clients and stakeholders as we accelerate our hybrid cloud and AI strategy."

"I am honored to be joining IBM, one the world's most important companies, providing technology that helps organizations be agile and resilient in unpredictable times," said Mr. Cohn. "With the company's long history of innovation and transformation for every technology era, and a focused growth strategy that will capitalize on the enormous opportunity in hybrid cloud and AI, this is an exciting time to begin working alongside Arvind, the IBM team and IBM's incredible roster of clients."

Mr. Cohn served as Assistant to the President for Economic Policy and Director of the National Economic Council from January 2017 until April 2018. Before serving in the White House, Mr. Cohn was President and Chief Operating Officer of The Goldman Sachs Group, Inc. from 2006-2016, and previously held a number of other leadership positions during 26 years with the company.

Mr. Cohn is Co-Chairman of Cohn Robbins Holding Corp. (CRHC), a special-purpose acquisition company. He invests across the cybersecurity, blockchain infrastructure, regulatory technology and medical technology sectors. He serves on the boards of Abyrx, Gro Intelligence, Indago, Nanopay and Starling, and is the Chairman of the Board of Pallas Advisors. Additionally, Mr. Cohn serves on advisory boards for Hoyos Integrity and Spring Labs. He is a member of the Systemic Resolution Advisory Committee (SRAC) of the Federal Deposit Insurance Corporation (FDIC).

Contact: 
Jonathan Adashek 
jonathan.adashek@ibm.com 
(914) 499-6606

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SOURCE IBM

FAQ

What is the significance of Gary D. Cohn's appointment at IBM?

Gary D. Cohn's appointment as Vice Chairman is significant as it brings a wealth of experience from business and government, which can strengthen IBM's strategic initiatives.

When did Gary D. Cohn join IBM?

Gary D. Cohn was appointed Vice Chairman of IBM on January 5, 2021.

What will Gary D. Cohn's role entail at IBM?

Cohn will work on business development, client services, public advocacy, and client relationship management.

How does Gary D. Cohn's background benefit IBM's strategy?

Cohn's background in economic policy and leadership at Goldman Sachs provides IBM with insights into business transformation and client engagement, which are vital for its hybrid cloud and AI strategy.