ARMONK, N.Y.--(BUSINESS WIRE)--The IBM (NYSE:IBM) board of directors today elected Hutham S. Olayan to the board effective January 1, 2016. Ms. Olayan, 61, is a principal, director and senior executive of The Olayan Group, a private multinational enterprise that is both an international investor and diversified commercial and industrial business in Saudi Arabia. Ginni Rometty, IBM chairman, president and chief executive officer, said: “We are delighted that Hutham will be joining the IBM board