The software industry is witnessing rapid transformation – from increasing shareholder activism to more diverse boards, from geographic expansion to acquisitions - the following board and leadership moves reflect all these trends. Here are the major changes from July 28th to September 23rd, 2017.
Tech companies have increasingly been feeling the investor pressure to refresh their board of directors. Several companies are focusing on diversity and adding female directors. Here we have compiled the female board appointments in tech from June 10 to September 16, 2017.
Accenture Appoints Estee Lauder’s CFO Tracey T. Travis, 55, as Board Member
PayPal appoints media exec and President, BBC Worldwide Ann Sarnoff, 55, to its Board of Directors
Intuit appointed Deborah (Deb) Liu, leader of Facebook's developer and commerce businesses, to its board
Paychex’s board has appointed most recent EVP & CMO of FireEye Kara Wilson, 47, to board. Wilson is now CMO at Rubrik
In the past couple of months, there are several companies that have multiple announcements, which we cover below. Some of the patterns:
Note: We covered Uber Technology Changes in a separate blog post as Uber itself has had too many changes
Microsoft Announces Departure of Jim Dubois as CIO; Appoints New President in Russia
Microsoft CIO Jim DuBois is leaving the company. DuBois is a more than 20-year Microsoft veteran who became the company's interim CIO in 2013 and permanent CIO the following year. He went on sabbatical earlier 2017.
Microsoft appointed T. Bochenek as new Microsoft President in Russia. Now he keeps the COO position at Microsoft in Russia.
Former Salesforce CMO Joins Ford Motor’s Board of Directors
Ford Motor Company announced the election of Lynn Vojvodich to the company’s board of directors. Vojvodich is a global technology executive who has built, grown and transformed businesses for more than 20 years. She works with venture capital firms as an advisor to pre-IPO and start-up companies. From 2013 to February 2017, Vojvodich was EVP and CMO of Salesforce.
Sanofi Names Former CEO of Dassault Systems as Newest Board Member
Sanofi appointed Bernard Charls as new independent Director. Charls has served since May 2016 as Vice-Chairman and CEO of Dassault Systems. He has been CEO of Dassault Systems since September 1995. He joined the company in 1983 and created the New Technology, Research and Strategy division, before being appointed Director for Strategy, Research and Development in 1988. Bernard Charl s is a member of the Academy of Technology (France) and of the National Academy of Engineering (United States).
Alibaba Appoints Former McKinsey Exec to Oversee Strategy and Investment Team in India
Alibaba appointed Madhur Deep as its SVP. In his new role, Deep will take care of strategy and investment team in India at Alibaba. Prior to this appointment, Deep worked for McKinsey as its Senior Engagement Manager.
Adobe CAO to Retire
Adobe announced that retirement of Richard Rowley as Corporate Controller and Chief Accounting Officer of Adobe following 10 years of service. Rowley currently expects to remain in his role until January 31, 2017. Rowley has been the Chief Accounting Officer, VP and Controller at Adobe since November 2006. Rowley was previously employed as Treasurer, CAO, VP & Controller by Synopsys.
Microsoft's Applications and Services Group EVP Dr. Qi Lu Steps Down; New MD for India Lab Appointed
Dr. Qi Lu, the EVP in charge of Microsoft's Applications and Services Group, is leaving the company due to health reasons. Dr. Lu was previously the president of the Online Services Division, where he led the company’s search, portal and online advertising efforts. He spent 10 years at Yahoo before joining Microsoft in 2008. Many of Lu’s duties will be taken over by Rajesh Jha, a corporate VP who has been leading Microsoft’s Outlook and Office 365 efforts.
Alphabet Appoints Well-known Economist and Former TIAA CEO to Board
Alphabet appointed Roger W. Ferguson, Jr., 64, to its Board of Directors. Ferguson is a respected leader in the economics and finance industries. Ferguson has served as the President and CEO of TIAA since April 2008. He joined TIAA after his tenure at Swiss Re, where he served as Chairman of the firm's America Holding Corporation, Head of Financial Services, and a member of the Executive Committee from 2006 to 2008.