New IBM CEO -- MIDRANGE-NONTECH

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Subject: New IBM CEO
From: "Leif Svalgaard" <leif@xxxxxxxx>
Date: Tue, 29 Jan 2002 11:38:27 -0600
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NEW YORK (AP) - In a long-awaited move, IBM Corp.'s board of directors
selected the company's president and chief operating officer, Samuel J.
Palmisano, to replace Louis V. Gerstner as chief executive of the technology
giant.

The succession takes effect March 1. Gerstner will remain chairman through
the end of 2002.

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