IBM Chairman Arvind Krishna Elected to New York Fed Board

India-West News Desk

NEW YORK, NY- The Federal Reserve Bank of New York on May 3 announced that IBM Chairman and Chief Executive Officer Dr. Arvind Krishna has been elected to its board.

60-year-old 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, labor, and consumers.”

Krishna has degrees from IIT, Kanpur and the University of Illinois at Urbana-Champaign.

The New York Fed said in a statement that Arvind 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.

The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of US economic and financial systems. It is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, DC, make up the Federal Reserve System.