|[January 24, 2013]
Louis Gerstner Elected Chairman of Broad Institute Board of Directors
CAMBRIDGE, Mass. --(Business Wire)--
The Broad Institute today announced that renowned business leader Louis
V. Gerstner, Jr. will become the next chairman of the Broad Institute's
Board of Directors. Mr. Gerstner served as CEO and chairman of the board
of IBM (News - Alert) Corporation from 1993 to 2002. He is widely recognized as the
chief architect of the company's transformation, reinventing both its
organization and its culture.
Mr. Gerstner succeeds outgoing Broad Institute chair Diana Chapman
Walsh, who will continue to serve on the board, assuming the role of
"Lou is an extraordinary leader and I am thrilled that he will be
leading our board," said Broad Institute Director and President Eric
Lander. "I am also deeply grateful to Diana for her exceptional service
as our inaugural board chair. Her extraordinary leadership has been
crucial to the success of the Broad Institute."
Following his leadership of IBM, Mr. Gerstner served as chairman of The
Carlyle Group. Prior to joining IBM, he was chairman and CEO of RJR
The Broad Institute's Board of Directors brings together world-class
leaders from science, law, education and business. These distnguished
individuals serve as wise and effective stewards of the institute,
helping to drive the transformation of medicine that lies at the heart
of the institute's mission. Mr. Gerstner was elected to the Broad
Institute board in 2010.
"The Broad is at the forefront of truly remarkable advances in the world
of biomedical research, technology and innovation," said Mr. Gerstner.
"It is an amazing organization and I look forward to serving in this new
In addition to his significant business achievements, Mr. Gerstner has
also been a tireless advocate of improving K-12 education in the U.S.,
launching initiatives aimed at setting high academic standards and
improving teacher and student performance.
"This is a time of breathtaking possibility for genomic medicine and it
is a joy to support the Broad Institute's brilliant investigators as
they create a new future," said outgoing Broad Institute chair Diana
Chapman Walsh. "I look forward with pleasure to Lou's leadership and to
working with him to continue enabling an exceptional board to bring its
very best to a truly unique institution."
About the Broad Institute of MIT (News - Alert) and Harvard
The Eli and
Edythe L. Broad Institute of MIT and Harvard was founded in 2003 to
empower this generation of creative scientists to transform medicine
with new genome-based knowledge. The Broad Institute seeks to describe
all the molecular components of life and their connections; discover the
molecular basis of major human diseases; develop effective new
approaches to diagnostics and therapeutics; and disseminate discoveries,
tools, methods and data openly to the entire scientific community.
Founded by MIT, Harvard and its affiliated hospitals, and the visionary
Los Angeles philanthropists Eli and Edythe L. Broad, the Broad Institute
includes faculty, professional staff and students from throughout the
MIT and Harvard biomedical research communities and beyond, with
collaborations spanning over a hundred private and public institutions
in more than 40 countries worldwide. For further information about the
Broad Institute, go to www.broadinstitute.org.
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