IBM Crafts Succession Plan

As International Business Machines Corp. prepares to celebrate its centennial on Thursday, the contest to become the company’s ninth chief executive is heating up.

People familiar with the thinking of Chief Executive Samuel J. Palmisano say he is seeking advice on how to handle the transition and that they expect him to designate a successor by appointing a president or operating chief in 12 to 18 months.

Whoever takes over will face the challenge of extending a rising stock price and a streak of profitable quarters while navigating shifts in mobile computing and emerging markets.

The top candidate is sales chief Virginia M. Rometty. The 53-year-old executive has separated herself from the pack over the last year, according to recruiters and former and current IBM executives. Global Services boss Michael E. Daniels, 56, is seen as the No. 2 choice. Rodney C. Adkins, 52, who is senior vice president for hardware, faces longer odds. None of the candidates was available for comment.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »