IBM names a woman to its board as Olayan becomes a director of IBM.
IBM Corporation has taken an initiative to promote gender equality. Its board of directors voted Hutham S. Olayan to the board effective from date January 1, 2016. Olayan is currently serving as the Director, principal and senior official of the Olayan Group, a private international company that is known as an expanded profitable and industrial enterprise and global investor in the Kingdom of Saudi Arabia.
IBM news today revealed that the Corporation’s CEO, president and chairman, Ginni Rometty, stated, “We are delighted that Olayan would be joining the IBM board of directors. She is a global citizen and her insights and experience, particularly in international markets, will make a significant contribution to IBM as we continue to invest aggressively in our bus in our business.”
IBM Breaking news reported that Olayan has worked as The Olayan Group’s director since 1981 and has led the company’s New York office since 1985. She is the CEO and president of Oalyan America, the group’s associate tasked to manage invested funds mainly in Central, South, and North America.
Olayan is Morgan Stanley’s director, Executive Advisory Board of General Atlantic’s member, and serving on the boards of a number of organizations, including Peter G. Peterson Institute for International Economics, Memorial Sloan-Kettering Cancer Center, The MasterCard Foundation, and the American University of Beirut.
The newly elected director would be the fourth women to become a member of the Corporation’s board. Others include professor of Columbia University ‘Joan Spero’, President of Rensselaer Polytechnic Institute ‘Shirley Ann Jackson’, and Chief executive officer ‘Ginni Rometty’.
IBM news affirmed that Saudi Arabian enterprise consists of 40 companies that are currently operating in various sectors, encompassing fast food, steel, and oil. Bloomberg recently reported that it is holding Burger King’s franchise for Burger King in the North Africa and Middle East. Olayan Group is known for manufacturing Huggies diapers, Coca-Cola, and Kleenex in the Middle Eastern Region.
Ms. Ginni has stated that Olayan’s capacity to cater the global markets would be quite helpful for the computing giant, IBM. The entrance of Hutham to the board is impressive news, as a significant number of women are not members of the board. Facebook also took a women-friendly measure as its employee, Marc Andreesen, joined to let competent female and minority leaders become members of “corporate board camps.”
The recent advancement would address the concerns of women rights organizations and activists, which would be beneficial for the society as well.
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