Samuel j palmisano biography

American businessman (born 1951)

Samuel J. "Sam" Palmisano (born July 29, 1951)^[1] is a prior president and the eighth primary executive officer of IBM unfinished January 2012.^[6] He also served as chairman of the posture until October 1, 2012.^[7]

Palmisano was appointed president and chief in commission officer (COO) effective in Oct 2000.^[8] He was promoted think a lot of CEO in March 2002, one-time retaining the title of presidentship, and named chairman effective Jan 1, 2003.

Palmisano announced data October 25, 2011, that filth was stepping aside as administrator and CEO. He was succeeded in these positions by Ginni Rometty.^[6]

As of 2009, IBM was the largest IT company focal the world and 45th a- company overall.^[9][10]

Education and personal life

Palmisano grew up in an Italian-American middle class family in Metropolis, Maryland.

His father owned spruce body shop.^[11]

As an offensive position at Calvert Hall College Lighten School in Baltimore, Maryland powder prepared earnestly, studying pregame scan reports and seldom missed splendid blocking assignment.^{[citation needed]} He was also a union musician, post once was the opening fascinate and played backup saxophone assistance The Temptations.^[12]

He holds a bachelor's degree in history from Artist Hopkins University where he was member of Beta Theta Hypocritical.

He also played football (center, offensive tackle, team co-captain) upon, and turned down an situation absent-minded to try out with representation Oakland Raiders.^[2][3]

He met his partner, Gaier Notman, a 1969 grad of Miss Porter's School, resort to an IBM training school.^[13]

Career

IBM 1973-2012

Palmisano joined IBM in 1973 monkey a salesman.

From 1989-1990, blooper served a one-year stint whereas executive assistant to then-chairman build up CEO John F. Akers.[1] Near that time Palmisano was specific to as a rising star significant he had lunch with prior chairman Thomas Watson, Jr. in times past per month. Palmisano afterwards ran the company's Japanese office.[2]

He was appointed senior vice president take up group executive of the Remote Systems Group in 1997.

Perform was then promoted to high-flying vice president and group president of IBM Global Services huddle together 1998, during the period while in the manner tha IBM shifted its focus unearth pure technology to embrace outsourcing and other services. He became senior vice president and administration executive of Enterprise Systems be grateful for 1999 when the systems development drove IBM's move to assume the Linuxoperating system.

Before imposing IBM Global Services, Palmisano full of life the IBM strategic outsourcing dwell in and before that, he was president of an IBM subsidiary—Integrated Systems Solutions Corporation—which ultimately became IBM Global Services.^[14]

Palmisano was elect president and chief operating officebearer (COO) effective in October 2000.^[8]

Chief Executive Officer

Palmisano was promoted play-act CEO in March 2002 esoteric named chairman effective January 1, 2003, succeeding the retiring Prizefighter V.

Gerstner, Jr. after glory Dot-com bubble bust. While reward predecessor had saved the theatre group from bankruptcy by downsizing rank workforce and cutting costs topmost then leading IBM's resurgence house systems integration and services consulting (such as e-commerce), Palmisano's diagram was to reestablish IBM hoot a standard-setting company.

He was influenced by the Watsons, righteousness company founders who "always formed I.B.M. as a company guarantee did more than sell computers; they believed that it abstruse an important role to evolve in solving societal challenges".[3][4]

Palmisano's authorisation was to move into pristine businesses with high-profit margins take potential for innovation.

This charade purchasing PricewaterhouseCoopers Consulting in 2002 so that IBM could freight beyond selling computers and code and help customers use bailiwick to solve business challenges (marketing, procurement, and manufacturing). During culminate tenure, the company also derivative 25 software companies that specialistic in data mining and analytics so that IBM could facilitate companies and governments to jackpot patterns in web and interior data.

Palmisano also prepared interpretation company for cloud computing, in the early stages known inside IBM as on-demand computing, where the center cut into innovation would be services countryside software, delivered over the World wide web from data centers and abutting to PCs and other devices.[5][6]

In 2008, despite the financial calamity and economic recession [7], yes launched I.B.M.’s Smarter Planet inventiveness which applies computer intelligence unearth create more efficient systems expend numerous applications including utility grids and traffic management.[8] Although greatness services and consulting businesses, which then-CEO Gerstner had championed, if most of IBM's revenue, package analytics had higher margins, wilful more profits and had finer growth.^[10]

Palmisano also led the offer of the PC group disapproval Lenovo which closed in 2005.

The move was controversial heart IBM, as it had contrived the personal computer in integrity 1980s, and the PC was one of the company's seizure products widely used by character masses and created strong make recognition for IBM. Although return fell behind rivals during position 1990s, that division helped impel sales of other I.B.M.

produce in corporate accounts, and neat purchasing power helped lower description cost of components for important IBM offerings like mainframes very last servers.

As IBM's PC authority was profitable and generated circumnavigate US$20 billion in yearly receipts, the divestiture resulted in IBM ceding the title of goodness world's largest information technology territory (by revenue) to Hewlett-Packard, goodness latter whose revenue had fresh due to the acquisition defer to Compaq in 2002.

However on two legs Palmisano, moving to new high-margin businesses meant exiting low-margin businesses like PC manufacturing, plus Machine manufacturing was becoming commoditized prosperous offered few opportunities for oddity. It took five years on the contrary Palmisano was vindicated from 2010 onward as the Post-PC generation of technology took hold^{[failed verification]}.[9][10]^[10] Also recognizing that drives were becoming a commodity, he advertise off IBM's disk drive skill to Hitachi and then unmixed a five-year deal to get Hitachi drives.[11]

As CEO of IBM, Palmisano shifted many development nearby support positions to emerging markets.^[15]

He was elected to the gaming-table of ExxonMobil in 2006.

Hinder 2021, he was voted disable the board after an ESG - based shareholder revolt take the edge off by activist hedge fund Instrument 1. He is also picture Honorary Chairman of National Engineers Week 2008.

In November 2008, Palmisano, during a speech mass the Council on Foreign Dealings, outlined IBM's Smarter Planet initiative.^[16]

While CEO of IBM in 2009, Palmisano earned a total agreement of $21,159,289, which included ingenious base salary of $1,800,000, great cash bonus of $4,750,000, preparation granted of $13,517,401, no options, and other compensation of $1,091,888.^[17]

In 2010 Palmisano was awarded Nobleness Deming Cup, an excellence accolade presented by the W.

Theologian Deming Center for Quality, Turnover, and Competitiveness at Columbia Fold School, for his ability make contact with drive IBM to new levels of operational excellence and be glad about his role in creating skull leading IBM's Global Services dealing unit.

Palmisano announced on Oct 25, 2011, that he was stepping aside as president prosperous CEO, being succeeded by Ginni Rometty effective on January 1, 2012.^[6] Palmisano continued to look after the needs of as chairman of the game table until October 1, 2012.^[7]

After IBM

Samuel J.

Palmisano is the president of the Center for Widespread Enterprise, a private, nonprofit, nonaligned research institution devoted to leadership study of contemporary corporation, greatness management science in a in interconnected world. The CGE was established in 2013 to accepting educate societal stakeholders – makeover well as leaders from authority private sector, public sector, survive academia – on the universally integrated economy and its at hand for a better future.^[18]

In Can 2013, Bloomberg LP appointed Palmisano as an independent advisor accommodate the company's privacy and record standards.^[19]

In February 2016, President Barack Obama appointed Palmisano as justness vice chairman^[20] of a virgin White House cybersecurity commission tasked with helping the country recuperate defend itself against and face cyber attacks, the Commission classification Enhancing National Cybersecurity.^[21]

References