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IBM's board of directors has just announced that president and CEO Sam Palmisano is stepping down at the end of the year.

He will be replaced by Virginia "Ginni" Rommety, as expected.

Palmisano will stay on as Chairman of the Board.

Rometty is a 30-year IBM vet who who oversaw the company's $3.5 billion purchase and integration of consulting firm PricewaterhouseCoopers back in 2003. She's been the VP of sales, marketing, and strategy since 2009.

To read the full, original article click on this link: This Woman Will Be The Next CEO Of IBM