Activist 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.
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.
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.
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....
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
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:
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.
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.
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.
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....
Infosys’ CEO Vishal Sikka Steps Down; Interim CEO Appointed
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.
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
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.
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.
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.
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....
July 7, 2017
BAE Systems Names Former Senator to its Board of Directors
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.
Rockwell Automation Appoints TSYS CIO as Newest Board Member
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.
Salesforce Appoints Chief Communications Officer from Starbucks
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.
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!
Uber 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.