What changed
IBM's board elected Frank Baker, 53, as a director effective October 1, 2026. Baker is Co-founder and Managing Partner of Siris Capital Group, a private equity firm that has deployed more than $9 billion of equity capital since inception across technology, telecommunications, and data-focused companies. He previously was a Managing Director at Ripplewood Holdings and began his career in mergers and acquisitions at Goldman Sachs. CEO Arvind Krishna said Baker's expertise and leadership will strengthen the business and deliver shareholder value.
Why it matters
IBM's board elected Frank Baker, 53, as a director effective October 1, 2026. Baker is Co-founder and Managing Partner of Siris Capital Group, a private equity firm that has deployed more than $9 bill