IBM CEO Sam Palmisano said today that it isn't "cast in stone" that he'll step down at age 60.
Palmisano, who turns 60 next year, was asked at the Wall Street Journal's Viewpoints Executive Breakfast Series in New York whether he plans to step down.
"There's no formal policy," Palmisano said, according to Bloomberg News. He later added, "I'm not going anywhere."
Despite layoffs in recent years, IBM has an estimated 10,000 employees in Research Triangle Park. The company announced in July it would add 600 jobs at its RTP campus by opening a center to provide services to mortgage lenders.
Three of IBM's past four CEOs have stepped down at 60. Palmisano has led IBM since 2002.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or