Gary Cohn, the former Goldman Sachs president and economic advisor to President Donald Trump, is joining IBM as its vice chairman.
Cohn announced the move in a tweet Tuesday morning in which he said he was “honored” to be joining the company’s board.
IBM shares traded up about 1.2% following the news.
CNBC’s Jim Cramer said the announcement is “an exciting move for IBM. Gary can be a change agent.”
In the new role, Cohn will act as an advisor to IBM CEO Arvind Krishna, who took over the company in April with a pledge to expand its reach into the artificial intelligence and cloud computing space.
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