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IBM ANNOUNCES CEO SEARCH FIRMS

 ARMONK, N.Y., Jan. 29 /PRNewswire/ -- The International Business Machines Corporation (IBM) (NYSE: IBM) today said that it has retained the executive search firms of Heidrick & Struggles, Inc. and Spencer Stuart, Inc. to identify and recommend candidates for chief executive officer.
 The Nominating and Executive Compensation Committee of IBM's board of directors is conducting the search for a CEO.
 IBM said that the board's committee selected both Heidrick & Struggles and Spencer Stuart in order to ensure that the search process would produce as quickly as practicable the strongest possible list of candidates. IBM further stated that the two firms were chosen primarily on the basis of their experience in conducting CEO searches for other large multinational companies.
 -0- 1/29/93
 /CONTACT: Rob Wilson of IBM, 914-765-6565/
 (IBM)


CO: International Business Machines Corporation ST: New York IN: CPR SU:

WB -- NY086 -- 0933 01/29/93 16:35 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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