IBM adds Mastercard CEO to board of directors

The board of directors of Armonk-based IBM (NYSE: IBM) has elected Michael Miebach, CEO of Purchase-based Mastercard (NYSE:MA), to the board, effective Oct. 30.

“We are delighted that Michael Miebach will join the IBM board of directors,” said Arvind Krishna, IBM chairman and CEO. “Michael is an accomplished technologist and international business leader. His insights and experience will strongly benefit IBM and its shareholders.”

Miebach is also a member of the Business Roundtable, the Business Council and the International Business Council of the World Economic Forum. He is a trustee of the U.S. Council for International Business and also serves on the U.S. Treasury Advisory Committee on Racial Equity.