Ginni Rometty Net Worth, Early Life, Education, Career, Boards, Honors, Criticism and Husband

Published Date   07th Aug. 2017, 23:20 pm
Ginni Rometty Net Worth, Early Life, Education, Career, Boards, Honors, Criticism and Husband
Quick Info
Birth Name:Ginni Rometty
Date of Birth:29/07/1957
Age: 61 years old
Nationality:American
Net Worth:$45 million
Qualification:Bachelor’s degree in computer science and electrical engineering




The current chairman, president and CEO of IBM Ginni Rometty net worth accelerated as she became a top-level business executive.

Synopsis

Ginni Rometty is the first woman to head IBM as the president, chairman and CEO. Before IBM, she was senior vice president and sales/marketing executive in IBM. She began her career at IBM, Detroit in 1981 as system engineer. Ginni Rometty net worth rose as she received a number of awards during her tenure as CEO.

Early Life and Education

Ginni Rometty was born Virginia Marie “Ginni” Rometty on July 29, 1957 in Chicago, Illinois in the United States of America. She is an American and is currently 60 years, as per 2017.

Talking about education, Rometty went to Robert R. McCormick School of Engineering and Applied Science at Northwestern University. She graduated with high honors in 1979 with a bachelor’s degree in computer science and electrical engineering. Ginni Rometty net worth rose from the very beginning as she became the president of Kappa Kappa Gamma sorority. Prior to holding this position, she was the member of it.

Professional Career Highlights

As she graduated as electrical and computer engineer in 1979, Rometty joined General Motors institute. After that, she went to Detroit and joined IBM in 1981 as system engineer. A decade later, Rometty joined IBM’s Consulting Group.

As she championed the purchase of PricewaterhouseCooper Consulting for $3.5 billion in 2002, it gave her a way to reach higher position in the company. Ginni Rometty net worth hiked as she became senior vice president and group sales executive in 2009. She also served as executive for marketing and strategy.

It was in the year 2011; IBM announced that Rometty would be the next president and CEO succeeding Sam Palmisano. However, Palmisano would be the chairman of the company. Ginni Rometty net worth grew with this position. Additionally, she became the first woman CEO of IBM. In response, Palmisano said that Rometty deserved the position and has nothing to do with progressive social policies.

ibm

The following year, IBM announced that Rometty would be taking additional role as chairman of the company. The preceding chairman of IBM, Samuel Palmisano, planned to retire at the end of 2012; therefore, Rometty would be taking over the position. She began serving as chairman, president and CEO of IBM on October, 2012. As a chairman/president/CEO, Rometty focused on the cloud and cognitive computing system.

Ginni Rometty net worth rose as is now the White House business-advisory council. She serves under the Trump Administration. Similarly, she was in a business leaders’ symposium during the time German Chancellor Angela Merkel visited Washington on March, 2017.

Boards and Honors

Apart from being one of the top business executives and serving for a remarkable company, Rometty has also served on several boards. She serves as the Board of Trustees of Northwestern University and on the Council on Foreign Relations. Moreover, she is one of the Board of Overseers and Board of Managers of Memorial Slaon-Kettering Cancer Center. Additionally, she is a council member at Latin America Conservation Council. Previously, she served as the Board of Directors of AIG from 2006 to 2009.

Her excellence in work that earned her vast recognition and honors are also the reasons for rise in Ginni Rometty net worth. The PBS documentary The Boomer List featured her in 2014. The same year, she became the third female member of Augusta National Golf Club. Similarly, she is the recipient of honorary doctorate degrees from Rensselaer Polytechnic Institute in 2014 and Northwestern University in 2015.

In September, 2015 issue, Fortune ranked her third in the list of Most Powerful Women. Likewise, Forbes listed her as 11th Most Powerful Woman in 2016. Forbes again listed her among The World’s 100 Most Powerful Women.

Criticisms

Being the top level executive does not mean one faces all the positive remarks. Apart from honors, one has to face criticisms too. In the same way, Rometty did not only gather fame, but also took criticisms. Mark Cuban made of the most notable criticism upon her. He said she lacked vision as IBM lost revenue for 20 consecutive quarters.

Correspondingly, the IBM staffs criticized Rometty for taking pay bonuses despite massive layoffs. They also critiqued on her poor performance. Consequently, several publications namely, the Wall Street Journal, Forbes, Motley Fool and 24/7 put Rometty among worst CEOs.

Personal Life, Husband and Net Worth

Ginni Rometty married a principal investor of Bam Oil Company, Mark Anthony Rometty. The couple is still married with no children.

According to the data available, Ginni Rometty net worth is $45 million with her increasing salary of $19.3 million. Even though, Rometty met many criticisms, she has also proved to be an excellent executive.


Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Privacy Preference Center

GDPR

gdpr[allowed_cookies]

WordPress

wordpress_55744e494f42348a63852c4bb0d2d393, wordpress_55744e494f42348a63852c4bb0d2d393, wordpress_logged_in_55744e494f42348a63852c4bb0d2d393, wordpress_test_cookie, wp-settings-1, wp-settings-time-1