Friday, 19 January 2018 05:42

Happy Holidays!!! and all the best for 2018!!

Welcome to the 52nd Edition of the Vell Leadership Update for the 31 days ending January15, 2018. 

We’ve seen a lot of shake-ups, as 65 new technology leaders have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs.

Monday, 08 January 2018 10:37

Much activity happened in the past three months or so in the Giant Tech Companies. We have categorized these in roughly three categories: 

  1. Multiple complex changes, due to either massive restructurings, promotions from within, activist investors or stock troubles;
  2. Board and CEO changes or other Significant changes
  3. Changes by functional area: Presidents/COO/GMs, Sales, Marketing , Product and CFOs.
Thursday, 04 January 2018 06:44

January 3rd, 2018 

Happy New Year 2018!

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 12/31/2017) and latest appointments for the month of December 2017.  

The average length of time the searches are open is 4 months, up from 3.9 months earlier this year. There is little variance across geographies. 

Wednesday, 27 December 2017 06:55

Happy Holidays!!! and all the best for 2018!!

Welcome to the 51st Edition of the Vell Leadership Update for the 29 days ending December 15, 2017. 

We’ve seen a lot of shake-ups, as 64 new technology leaders have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs.

Thursday, 21 December 2017 12:32

CVS Health CIO Stephen Gold Steps Down

Stephen J. GoldCVS Health's CIO and EVP of Technology & Operations Innovation, Stephen J. Gold, 58, resigned to "pursue professional opportunities outside of CVS Health". The resignation was not related to CVS’ recent $69 billion acquisition of Aetna. Gold joined CVS in 2012 as SVP & CIO. 

Gold was previously SVP and CIO for Avaya, guiding all aspects of the company’s technology strategy, as well as leading IT business operations and systems globally. 

Prior to joining Avaya, Gold was the EVP, CIO and Corporate CTO for GSI Commerce. 

Sunday, 17 December 2017 07:13

December 16th, 2017

Welcome to our Software Industry Newsletter.

In this newsletter, we report on Software Board & Exec  Leadership Moves from September 24th to December 12th, 2017. They are roughly organized by size.

Comments Welcomed and Appreciated! 

Dora Vell 

This email address is being protected from spambots. You need JavaScript enabled to view it.* 617-530-1260 * www.vell.com

Penny S. PritzkerMicrosoft Elects Former US Secretary of Commerce as Newest Board Member. Entrepreneur, civic leader and philanthropist and former United States Secretary of Commerce Penny S. Pritzker, 58, joins as director of Microsoft.

SAP Names COO Christian Klein, 37, to Executive Board to Lead Global Business Operations. 

Adobe Promotes Scott Belsky, 37, to Product Chief and EVP, Creative Cloud. Scott Belsky is the former VP of Products at Adobe, leading the Creative Cloud mobile product strategy.

Saturday, 09 December 2017 00:59

December 5th, 2017 

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 11/30/2017) and latest appointments for the month of November 2017.  

The average length of time the searches are open is 3.9 months, down from 4.4 months earlier this year. There is little variance across geographies.

 

In This Edition 

  • Want a  Tech Board Seat? A Vell Study Reveals Backgrounds in Demand
  • Summary Trends & Stats -  Open Tech CEO Roles & Latest Appointments
  • Open CEO Roles as of November 30th, 2017
  • Tech CEOs Appointed in November 2017
  • Vell Research & Insights Summary
  • Featured Vell Placements
Friday, 01 December 2017 06:30

Vell Executive Search captures the most recent female board appointments in tech, from September 17 to November 22, 2017.

Tech Giants Welcoming Women on Board

Adriane BrowneBay appoints Adriane Brown and Diana Farrell to its Board - Ms. Brown, 59, is former CEO, Honeywell Transportation Systems. Ms. Farrell, 59, is the Founding President and CEO at JPMorgan Chase Institute, a global think tank and former McKinsey.

Fidelity National Information Services Appoints Louise M. Parent, 67, as Director - A former EVP and general counsel of AmEx, Parent has more than 35 years of experience in the financial industry. Parent retired from American Express in 2013.

Square Announces Ai Expert Anna Patterson, 52, as Newest Board Member - Patterson is the Founder and Managing Partner at Gradient Ventures, google’s AI focused venture fund.  Patterson is also VP of Engineering at Google and most recently helped to integrate AI into products across Google.

Wednesday, 29 November 2017 04:40

November 28, 2017

Welcome to the 50th Edition of the Vell Leadership Update for the 24 days ending November 16, 2017.  

Hope you had a great Thanksgiving! 

*And for Canadians, hope you enjoyed the relative quiet  during the US Thanksgiving! 

We’ve seen a lot of shake-ups, as 50 new technology leaders have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs. 

Thursday, 09 November 2017 06:32

November 6th, 2017 

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 10/31/2017) and latest appointments for the month of October 2017.  

The average length of time the searches are open is 4.4 months, up from 4.09 months earlier this year. There is little variance across geographies.

 

This month's trends....  

By the numbers, overall:

  • Total Open CEO Roles:  46   
  • New CEO Appointments: 66 CEOs (8 women or 12%, 58 men).
Thursday, 09 November 2017 05:56

What were the important tech board changes in the most recent couple of months? This leadership report covers tech board changes from 8/26 to 10/29 in 2017.  

We have three categories, roughly organized by company size. Industries/ categories per CapIQ classifications.

  • The Giants ($100b+ market cap): Microsoft, Samsung, Intel, Cisco
  • The Software Companies: Paypal, Salesforce, Intuit, eBay, RedHat, ServiceNow, Twitter, Square, Citrix, Splunk, Fortinet, FireEye and any others.
  • Others (Telecom, Hardware, Services, Payments): HP, Inc., Infosys, Ericsson, TSYS, Micro-Semi, TSYS, FLIR, Cypress Semi., Cree, Convergys, Blackhawk Networks, Boingo, ScanSource and others.

Some basic stats:

19.7% of the new board seats went to women;
15.6% of the board seats removed were women held seats.

Tuesday, 31 October 2017 01:58

Are you seeking your next board seat in a technology company? It is often helpful to look at the current composition of technology boards and what skills and experiences are currently in demand. 

Public Tech Companies over $100m

We studied public technology companies studied in the US and Canada with at least $100m in revenues.

The number of companies is 581.  There were 4,305 individual board members occupying 4,830 board seats.

Thursday, 26 October 2017 02:03

October 25, 2017  

Welcome to the 49th Edition of the Vell Leadership Update for the 37 days ending October 23, 2017. 

We’ve seen a lot of shake-ups this past month, as 91 new heads of technology have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs. 

Summary Stats and Trends

By the numbers, overall:

  • Total Tech Exec Roles Open: 35
  • New Tech Exec Appointments:91 
    (in 85 companies, as 6 companies have multiple appointments)
    Gender Diversity: 7 women or 19%, 74 men
Saturday, 14 October 2017 06:42

Board Appointments and Departures at Giant Tech Companies

D. Mason MorfitActivist Investor Not to Seek Re-Election to Microsoft Board; PepsiCo CFO to Join as Director. D. Mason Morfit, 41, ValueAct Capital’s President and Chief Investment Officer, will not seek re-election to Microsoft’s board. Hugh Johnston, 55, vice chairman and CFO of PepsiCo, joins as Director.

Intel elected Andrew Wilson, CEO of Electronic Arts, to board; Senior Leader Stacy Smith to Retire from Executive as well as Board Role. Wilson, 43, joined EA in May 2000, and has served as the company’s CEO and a director of EA since September 2013. 
Smith, 54, group president of manufacturing, operations and sales, is retiring after more than 30 years at the company. Smith will stay on board through the end of January.

Executive Chairman John Chambers, 68, not to stand for re-election to Cisco’s Board. CEO-Chair Roles Combined. The Board plans to appoint Cisco CEO Chuck Robbins, 49, to serve as chairman when Chambers' term expires in December 2017. John will also be given the honorary title of Chairman Emeritus. Chuck Robbins assumed the role as Cisco CEO in 2015. 

Tuesday, 10 October 2017 07:02

October 9th, 2017

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 9/30/2017) and latest appointments for the month of September 2017.  

The average length of time the searches are open is 4.09 months, up from 2.97 months earlier this year. There is little variance across geographies.

 

Did you know?  Trends in Technology Board Appointments

Deloitte went through the S&P 500 board appointments, that had technology as a primary competence. Here are the themes.

- Security & Privacy – 47.9%
- Analytics & Data – 32.4%
- Cloud – 17.6%
- Digital Transformation -13.6%
- ERP – 7.2% 

Harvard did another study on over 7000 public companies and came up with a longer list. Happy to share these conclusions, and some Vell stats.  

Monday, 25 September 2017 11:35

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.

Board Moves

  • Activist Investor Not to Seek Re-Election to Microsoft Board; PepsiCo CFO to Join as DirectorHugh Johnston - Microsoft board member D. Mason Morfit, 41, ValueAct Capital’s President and Chief Investment Officer, will not seek re-election. The board has appointed Hugh Johnston, 55, as Director. Johnston is vice chairman and CFO of PepsiCo. 
  • Salesforce Gets Influential Health Care Exec to Board - Bernard J. Tyson, 58, chairman and CEO of Kaiser Permanente, joined Salesforce’s board. 
  • Charles Giancarlo Resigns as ServiceNow Director - In connection with his appointment as CEO of Pure Storage, Charles Giancarlo, 60, resigned from the Board of ServiceNow. Former Avaya CEO.
  • Red Hat Announces New Chairman - Narendra K. Gupta, 68, co-founder of Nexus Venture Partners and long time director named as Chairman of the board. Succeeds retired U.S. Army Gen. H. Hugh Shelton, 75, who recently retired as chairman.
  • Constellation Software’s New Board Member Comes with Corporate Governance, Corporate Culture, And Corporate Law Preeminence - Constellation Software’s newest board member is Lawrence Cunningham, 55, Henry St. George Tucker III Research Professor at George Washington University Law School.
Saturday, 23 September 2017 06:36

September 19, 2017

Welcome to the 48th Edition of the Vell Leadership Update for the 31 days ending September 16, 2017.

We’ve seen a lot of shakeups this past month, as 93 new heads of technology have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs. Quite a few new tech executive roles have opened up, as well.

Following is an overview of this month’s trends....  

Saturday, 16 September 2017 16:44

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.

Recent Appointments 

Accenture Appoints Estee Lauder’s CFO Tracey T. Travis, 55, as Board Member Tracey T. Travis

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

Saturday, 09 September 2017 03:01

September 4, 2017 

Welcome to our Technology CEO Transitions Newsletter. We endeavour to catalogue all open technology CEO roles (as of 8/31/2017)  and latest appointments for the month of August 2017. 

Do let us know if you see any that we are missing! We love to find why we missed one and we will reverse engineer what sources we could have found.... 

The average length of time the searches are open is3.6 months, up from 2.97 months earlier this year. There is little variance across geographies.

 

This month's trends.... 

By the numbers, overall:

  • Total Open CEO Roles: 41
  • New CEO Appointments: 37 CEOs (2 women or 5%, 35 men)

 

Monday, 28 August 2017 16:42

Uber Selects Expedia Chief Dara Khosrowshahi for CEO Role Replacing Travis Kalanick

Uber Technologies voted to appoint Expedia’s CEO Dara Khosrowshahi, 48, as its new CEO, after an extensive executive search following Travis Kalanick resignation in late June this year.Dara Khosrowshahi

Khosrowshahi has been the CEO and President at Expedia since 2005. He has served as a member of Expedia’s Board since completion of Expedia’s spin-off from IAC/InterActiveCorp in August 2015. Immediately prior to the IAC/Expedia spin-off, he was CEO of IAC Travel.  Before that, he had held a series of executive roles at IAC, including EVP and CFO, as EVP of Operations and Strategic Planning, and President of USA Networks Interactive. Prior to joining IAC in 1998, Khosrowshahi worked at Allen & Company from 1991 to 1998.