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# IBM Adds Siris Capital Co-Founder Frank Baker To Its Board, Expanding Directors To Fourteen
- URL: https://www.bullished.co/ibm-adds-siris-capital-co-founder-frank-baker-to-its-board-expanding-directors-to-fourteen-ea918608/
- Published: 2026-10-01T20:40:43.000Z
- Updated: 2026-10-03T20:39:21.000Z
- Description: Baker, 53, brings more than $9 billion in private equity dealmaking experience to IBM's Directors and Corporate Governance Committee.
- Author: Matteo Parrino
- Tags: SEC Filings, IBM, Industry: Technology

IBM [elected Frank Baker](https://www.sec.gov/Archives/edgar/data/0000051143/000005114326000086/ibm-20261001.htm?ref=bullished.co) to its board of directors on Thursday, adding the co-founder and managing partner of Siris Capital Group and amending its bylaws to expand the board from thirteen to fourteen members.

## What The 8-K Says

The election and the bylaw change both took effect Thursday, according to the [8-K filed with the SEC](https://www.sec.gov/Archives/edgar/data/0000051143/000005114326000086/ibm-20261001.htm?ref=bullished.co). Under Item 5.02(d), the filing states that Baker joined the Directors and Corporate Governance Committee. Under Item 5.03(a), it records the amendment to Article III, Section 2 of IBM's bylaws raising the director count to fourteen.

Baker, 53, was born and raised near Detroit and holds an MBA from Harvard Business School and a B.A. in economics from the University of Chicago. He currently serves as chairman of the board of the Robert & Ethel Kennedy Human Rights Center, as a trustee of the University of Chicago, and as a trustee of Deerfield Academy.

IBM chairman, president and chief executive officer Arvind Krishna said in the [accompanying press release](https://www.sec.gov/Archives/edgar/data/0000051143/000005114326000086/ex991pressreleasedatedocto.htm?ref=bullished.co): "We are excited to welcome Frank Baker to our Board of Directors. I look forward to the perspective and insight Frank will bring as we advance our long-term vision and drive enterprise-wide transformation through technology both for our clients and across IBM."

## Baker's Background In Technology Private Equity

Siris Capital, which Baker co-founded, describes itself as focused on established technology companies with mission-critical products and services navigating technology change. The firm has deployed more than $9 billion in equity capital since its founding across technology, telecommunications, and data-focused companies, according to the press release.

Baker oversees Siris's portfolio and leads its investment strategy. Before Siris, he served as a managing director at Ripplewood Holdings. He began his career in mergers and acquisitions at Goldman Sachs.

IBM shares edged up about 0.04% to $225.70 in Thursday after-hours trading following the post-close disclosure, while the stock closed Thursday's regular session up 2.59% at $225.62 (market data).

## What To Watch

Baker's committee assignment — Directors and Corporate Governance — puts him at the center of IBM's board-level oversight rather than, say, its audit or compensation functions. Whether his background running a private equity firm that specializes in technology-company transformation shapes IBM's capital allocation decisions or deal activity in coming quarters is the question his appointment raises.

IBM's compensatory arrangements for non-management directors, including Baker, are set out in the company's proxy statement dated March 10, 2026, the 8-K notes.

### Sources

- [8-K Filing — INTERNATIONAL BUSINESS MACHINES CORP (IBM)](https://www.sec.gov/Archives/edgar/data/0000051143/000005114326000086/ibm-20261001.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit ex991pressreleasedatedocto.htm — INTERNATIONAL BUSINESS MACHINES CORP 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000051143/000005114326000086/ex991pressreleasedatedocto.htm?ref=bullished.co) — SEC EDGAR