IBM CEO Krishna Re-Elected to New York Fed Board

Operators in the Second District will see a senior tech executive continue in a public-interest seat on regional Fed governance through 2029.

Updated on Nov. 14, 2026 in People

IBM CEO Krishna Re-Elected to New York Fed Board

The Federal Reserve Bank of New York re-elected IBM chairman, president and CEO Arvind Krishna as a Class B director for a term ending December 31, 2029. Member banks in Reserve Bank Group 3 of the Second Federal Reserve District made the election, which the Fed announced on Friday.

Why it matters

Regional Fed bank boards set the public-interest seats that shape regional economic oversight, and a sitting CEO of a major technology company holding one signals continued business-sector representation in that oversight. For operators, the appointment is a reminder that the New York Fed's board draws on leaders who run large operating businesses, not only financiers.

The New York Fed board term runs three years, and each of the 12 regional Federal Reserve Banks is governed by a 9-member board split across 3 classes. Krishna's new term runs through December 31, 2029, following his 2023 re-election for a term ending in 2026.

The players

Arvind Krishna

Chairman, president and chief executive officer of IBM, who has led the company since April 2020 and also serves on the boards of Northrop Grumman and the US-India Strategic Partnership Forum.

Federal Reserve Bank of New York

One of 12 regional Federal Reserve Banks, which supervises banks in its district and implements monetary policy operations for businesses and financial institutions in the Second Federal Reserve District.

The details

Class B directors represent the public, including agriculture, commerce, industry, services, labour and consumers, and are elected by member banks in their reserve bank group. Krishna was first elected to the New York Fed board in 2022 to complete an unexpired term, then re-elected in 2023. Board membership does not make him a member of the Federal Open Market Committee, the body that sets U.S. monetary policy.

2022: Krishna first elected to the New York Fed board to complete an unexpired term.
2023: Krishna re-elected to the New York Fed board.
April 2020: Krishna became IBM chief executive.
Friday (November 2026): New York Fed announced Krishna's re-election.
December 31, 2029: Krishna's new term ends.

Market Landscape

Under the Federal Reserve Act's regional board structure, Class B seats are reserved for public-interest representatives chosen by member banks, and this re-election keeps a major technology executive in one of those seats. The appointment continues a pattern in which regional Fed boards draw on senior private-sector leaders alongside banking and public representatives.

Operators should not read a regional Fed board seat as a change to monetary policy, since Class B directors do not sit on the Federal Open Market Committee. The practical takeaway is that senior private-sector leaders are part of regional Fed governance, which can inform how businesses engage with their district bank.

The takeaway

Track the New York Fed's board composition as regional Fed governance increasingly includes senior business leaders. Operators in the Second Federal Reserve District can monitor board announcements through the district bank's official communications.