The Federal Reserve Bank of New York has elected Arvind Krishna, chairman and chief executive officer of IBM, as a Class B Director. In his new role, Krishna will “represent the public with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers,” according to a bank press release. He will fill the vacancy in the office for the remaining portion of a three-year term ending Dec. 31, 2023.
Over his 30-year career at IBM, Krishna has led the building and expansion of new markets for IBM in cloud, artificial intelligence, blockchain, and quantum computing. He has also played a significant role in the development of innovative IBM products and solutions based on these emerging technologies.
He previously was senior vice president of Cloud and Cognitive Software, where he pioneered the company’s hybrid cloud business, transformed IBM’s entire software and services portfolio and offerings for cloud, and grew the business.
He also headed IBM Research, where he drove innovation in core and emerging technologies including artificial intelligence, quantum computing, blockchain, cloud platform services, data-driven solutions, and nanotechnology.
In 2016, Wired Magazine selected Krishna as “one of 25 geniuses who are creating the future of business” for his foundational work on blockchain.
He has an undergraduate degree from the Indian Institute of Technology, Kanpur (IITK) and a Ph.D. from the University of Illinois at Urbana-Champaign.