Amherst, New York, October 1st / PRNewswire / -- IBM (New York Stock Exchange ticker: IBM) The board of directors has elected Frank Baker to join the board, effective from October 1, 2026.

Frank Baker is 53 years old this year and is the co-founder and managing partner of Siris Capital Group, LLC (referred to as " Siris " for short). Siris is a leading private equity firm that has deployed over $9 billion in equity capital in technology, telecommunications, and data-related companies since its establishment.

IBM, Chairman, President, and CEO, Arvind Krishna stated: "We are delighted to welcome Frank Baker to our board of directors. I look forward to Frank bringing his perspectives and insights to the company and to each of IBM's businesses as we pursue our long-term vision and drive corporate transformation through technology. His profound professional knowledge, proven leadership skills, and strategic mindset will enhance our business and further create significant value for our shareholders."

Baker is responsible for overseeing the investment portfolio of Siris and leading its investment strategy, aiming to create value for mature technology companies that possess key mission-critical products and services and are undergoing technological transformation. His leadership and passion for development have always been important factors in driving the company's success.

Before joining Siris, he served as the Managing Director of Ripplewood Holdings and began his career in mergers and acquisitions at Goldman Sachs. He currently holds positions as a trustee at the University of Chicago, Chairman of the Board of Directors of the Robert and Ethel Kennedy Center for Human Rights, and as a trustee for Deerfield Academy.

Baker was born and raised near Detroit, Michigan, holds a MBA degree from Harvard Business School, as well as a Bachelor of Arts in Economics from the University of Chicago.

Contact Information:

Erin McElwee

347-920-6825

[ email protected ]