IBM adds Siris Capital co-founder to board of directors

IBM has announced the addition of Frank Baker to its board of directors, effective immediately. Baker, 53, serves as co-founder and managing partner of Siris Capital Group, a private equity firm that has invested over $9 billion in technology, telecommunications, and data-focused companies since its founding. As head of Siris, Baker manages the firm's portfolio and drives its investment strategy.

Prior to joining Siris, Baker held positions as a managing director at Ripplewood Holdings and participated in mergers and acquisitions at Goldman Sachs. With an MBA from Harvard Business School and a bachelor's degree in economics from the University of Chicago, Baker brings a wealth of experience to IBM. Currently, he serves on the boards of the University of Chicago, the Robert & Ethel Kennedy Human Rights Center, and Deerfield Academy.

IBM's Chairman, President, and CEO Arvind Krishna expressed enthusiasm for Baker's insights as the company progresses towards its vision and drives enterprise transformation through technology.