IBM chairman and chief executive officer Arvind Krishna has been elected to the board of directors of the Federal Reserve Bank of New York.
The Federal Reserve Bank of New York on Monday announced that Krishna has been elected as a Class B director, “representing the public with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labour, and consumers”.
The New York Fed said in a statement that Krishna will fill the vacancy in the office for the remaining portion of a three-year term ending December 31, 2023.
“In his current and former roles, 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,” the statement added.
Krishna, who has an undergraduate degree from Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign, previously was senior vice president of Cloud and Cognitive Software.
