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.

Monday, 28 August 2017 15:53

Most important hiring and departures from June 11 to August 25, 2017

Several technology vendors announced changes to their board of directors in the said time period. We have tried to capture the most important and interesting ones, categorizing them under few noticeable patterns. 

Chairman Changes

  • Cerner Announces New Chairman after Sudden Demise of Chair/CEO Neal Patterson. Jason ChenCerner announced that Neal Patterson, chairman and CEO, passed away on July 9, 2017, at 68 years of age, due to unexpected complications that arose after a recent recurrence of a previously disclosed cancer. Cerner Co-Founder and Vice Chairman of the Board Cliff Illig, 66, has been named chairman and interim CEO.
  • IDT Appoints Board Member Ken Kannappan as Chairman. Kannappan has served on IDT's Board since January 2015, after previously serving in the role of IDT Board Chairman from 2000 to 2008. John Schofield has resigned as Chairman in anticipation of his upcoming retirement. 
  • Acer Combines Chair-CEO Roles. Jason Chen was named Chairman in addition to his continuing role as CEO. George Huang steps down from the chairmanship but remains on the Board. Chen joined Acer in January 2014 as Corporate President and CEO.
Wednesday, 23 August 2017 23:43

August 21, 2017

Welcome to the Vell Leadership Update 47th monthly edition, for the 31 days ending August 15, 2017.

We’ve seen a lot of shakeups this past month, as 87 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....  

Tuesday, 22 August 2017 04:33

Infosys’ CEO Vishal Sikka Steps Down; Interim CEO AppointedVishal Sikka

Vishal Sikka, 50, has resigned as the MD and CEO of Infosys over differences with the founders on governance issues. Sikka will now be the Executive Vice-Chairman of the company. He joined Infosys in June 2014. He was the first CTO at SAP before joining Infosys. He is credited with accelerating SAP’s development processes, transforming its innovation culture and leading several successful product co-creation initiatives with clients.

The struggle between Infosys and its founders began in February this year after founder and former chairman Narayana Murthy accused the company of corporate governance lapses.

Tuesday, 15 August 2017 09:12

In the past couple of months, there are several companies that have multiple announcements, which we cover below. Some of the patterns:

  • Multiple heads of India; lots of regional appointments 
  • Chief People Officers or senior HR leaders with Diversity as a primary domain and Ann Sarnoff
  • Many analytics appointments

Note: We covered Uber Technology Changes in a separate blog post as Uber itself has had too many changes

Board Announcements (one announcement)

  • Alphabet Appoints Google Chief Sundar Pichai, 45, to its Board.
  • Texas Instruments Appointed its COO Brian T. Crutcher, 44, to Board.
  • PayPal Appoints Media Exec and President, BBC Worldwide Ann Sarnoff, 55, to its Board of Directors.
Friday, 11 August 2017 14:29

August 8, 2017 

Welcome to our Technology CEO Transitions Newsletter. We endeavour to catalogue all open technology CEO roles (as of 7/31/2017)  and latest appointments for the month of July 2017. 

IMPORTANT NOTE!  

THREE TWEAKS TO THE SET OF COMPANIES 

#1 - Including more smaller companies, especially if they are a trend or just we deem cool.

#2 - Including more North American companies that some of you may or may not consider "tech" but are definitely getting a big footprint in digital  / tech.  

#3 -  Increasing the size cut-off for companies that are not in North America/ EMEA and don't have a specific interesting trend of coolness factor. 

The average length of time the searches are open is 2.97 months, down from 3.8 months earlier this year. There is little variance across geographies.

Sunday, 30 July 2017 08:29

Microsoft Announces Departure of Jim Dubois as CIO; Appoints New President in Russia Jim DuBois

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.

Thursday, 20 July 2017 02:48

July 18, 2017

Welcome to the Vell Leadership Update 46th monthly edition, for the 30 days ending July 14, 2017.

We’ve seen a lot of shakeups this past month, as 130 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.

CHANGED IN THIS EDITION

We have included a broader number of titles (like in the past month) - and data,  analytics, and Chief Digital Officers roles that are tech related only (not roles that are focused on other functional roles, e.g. marketing). 

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

Saturday, 08 July 2017 02:30

July 7, 2017 

Happy Canada Day! and Happy 4th of July!!!
 
 
Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of June 2017.
Wednesday, 28 June 2017 13:03

BAE Systems Names Former Senator to its Board of DirectorsKelly Ayotte

BAE Systems announced that former U.S. Senator Kelly Ayotte, 49, has been appointed to its board of directors for a three-year term. From 2011 until January of this year, former Sen. Ayotte worked across party lines in Congress on numerous domestic and foreign policy issues. She served on several Senate committees, chairing the Armed Services Subcommittee on Readiness and Management Support and the Commerce, Science, and Transportation Subcommittee on Aviation Operations, Safety, and Security. Previously, from 2004 to 2009, she was the first female to serve as New Hampshire’s attorney general, appointed by both Republican and Democratic governors.

Wednesday, 28 June 2017 12:45

Rockwell Automation Appoints TSYS CIO as Newest Board Member Patricia Watson

Rockwell Automation announced that Patricia Watson, 50, has been elected to the company’s board of directors. Watson is senior EVP and CIO at Total System Services (TSYS). She currently serves as a board director for Texas Capital Bancshares.

Wednesday, 28 June 2017 12:37

Salesforce Appoints Chief Communications Officer from Starbucks Corey duBrowa

Salesforce announced that Corey duBrowa will join the company as EVP and Chief Communications Officer. Most recently duBrowa served as SVP, Global Communications for Starbucks. During his seven-year tenure, he led the development and execution of global communications strategies to enhance and protect the Starbucks brand and corporate reputation as it grew from forty countries to seventy-five.

Thursday, 22 June 2017 08:17

June 20, 2017

Welcome to the Vell Leadership Update 46th monthly edition, for the 30 days ending June 14, 2017.

We’ve seen a lot of shakeups this past month, as 125 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.

A little bit of Vell news: we are announcing our new website... it has been a long time coming! Do check it out....  www.vell.com. Feedback is greatly appreciated. First of each error found will get a Vell trinket!

Thursday, 22 June 2017 06:47

Travis KalanickUber Technologies’ CEO Travis Kalanick, 40, has stepped down from his role. He will continue to serve on the board of directors.  Five of the major shareholders in the company – Benchmark Capital, Fidelity, First Round Capital, Lowercase Capital and Menlo Ventures, demanded the CEO’s resignation. 

Kalanick co-founded Uber in 2009 and led it to be the largest U.S. ride-hailing service and among the biggest globally. Prior to Uber, he co-founded Red Swoosh in 2001 that specialized in file-sharing technology and managed to sell it to Akamai Technologies for nearly $19 million in 2007. Before Red Swoosh, he co-founded Scour with his UCLA batch mates in 1998 which offered an Internet search engine and file-sharing services.