Satya Nadella’s first year as CEO has boded well with a pay package of $90m, and has increased his predecessor’s, Steve Ballmer, net worth by $3 billion.
Four new board members join and are more likely to approve a controversial share buyback not likely supported by the prior board.
- Activist shareholder Mason Morfit, 38, president of ValueAct Capital, a firm that owns $2b of Microsoft Stock.
- John W. Stanton, 58, a pioneer and innovator and Western Wireless’ former CEO
- Visa’s CEO Charles W. Scharf, 49
- Kraft Foods’ EVP and CFO Teri List-Stoll, 51
Stepping down Microsoft’s board:
- Steven A. Ballmer, 58, former CEO and Microsoft’s largest individual shareholder
- Stephen J. Luczo, 57, Chairman and CEO of Seagate
- Venture capitalist and board member since inception David Marquardt, 65
- Dina Dublon, 61, former CFO, JPMorgan Chase
Microsoft Promotes Most EVPs from Within; Hires EVP from Qualcomm
- Scott Guthrie, 39, is named EVP Cloud and Enterprise, Satya Nadella’s former role.
- Eric Ruderm 47 is named EVP, Advanced Strategy
- Mark Penn, 60, EVP Advertising and Strategy was named Chief Strategy Officer. Formerly of PR firm serving Bill Gates and Bill Clinton, amongst others.
- Margaret L. (Peggy) Johnson, 52, a Qualcomm executive, is named EVP of BD.
- Chris Capossela, 44 is named EVP and CMO
- Stephen Elop, 51 is named EVP Microsoft Devices. He rejoined Microsoft following the Company’s Nokia acquisition. Phil Spencer was promoted to run the Xbox division.
Execs Depart for GoPro, Optum, Zenefits & Sonos
- Former Skype CEO and EVP BD Tony Bates, 47, went on to become GoPro’s President and board member, in preparation for an IPO.
- EVP, Marketing Tami Reller, 50, is now in a Healthcare IT business, United Health Group as EVP and CMO of Optum.
- Founder and former CEO, Yammer (also former COO, Paypal), David Sacks is now COO at Zenefits, a hot benefits start-up that is scaring health insurance companies
- Xbox Chief Product Officer Marc Whitten left for Sonos (a surprise move, as he was scheduled to appear at the Game Developers Conference), and following Don Mattrick’s departure for Zynga a year prior.
Google’s newest board member is the former CEO of Ford Motor, Alan Mulally, 68. Mr. Mulally, also a former Boeing executive, brings to Google expertise in both the auto and aviation industries as the search giant expands into self-driving cars, information and entertainment systems for cars and delivering Internet access from drones and satellites.
At the executive level, many were promoted:
- Android Chief Sundar Pichai, 42, was given a big promotion in October, in a role analogous to a Chief Operating Officer, that includes engineering & product for all products excluding YouTube.
- The new CEO, Youtube is Susan Wojcicki, 45, a Googler since 1998, former co-SVP for advertising and commerce.
- Salar Kamangar, who ran Youtube, was appointed SVP, Products
- Sridhar Ramaswamy was co-SVP for advertising and commerce and now runs the business standalone, as Susan Wojcicki moved to Youtube
- Omid Kordestani, 41, an early googler, was promoted to Chief Business Officer and SVP as Nikesh Arora, 46, left to become Vice Chairman, SoftBank.
- SVP, Social, Vic Gundotra, 46, leading Google+ left in April
While Oracle announced changes at the top of the house, everyone’s responsibilities essentially have remained the same.
- Lawrence J. “Larry” Ellison, 70, becomes the company's Executive Chairman and CTO.
- Co-Presidents Safra Ada Catz, 52, and Mark Vincent Hurd, 57 are named as Co-CEOs
- Jeff O. Henley, 69, Oracle’s Chairman for 10 years, and former long-time CFO, was named Vice Chairman.
Oracle Hires Cloud Execs & Retail Exec
Shawn Price, former cloud business executive at SAP, SuccessFactors, Zuora joins Oracle in the cloud unit, reporting to CEO Mark Hurd. His title is SVP, product strategy and marketing, Cloud. Also, Peter S. Magnusson, a former executive with Google and Snapchat, to run development of its platform-as-a-service and infrastructure-as-a-service efforts, as SVP, Public Cloud.
New SVP, & GM, Oracle Retail, Jill Puleri, recruited from IBM, most recently serving as the Worldwide Retail Industry Leader for IBM Global Business Services.
Steven M. Mollenkop, 45, a long timer was promoted to CEO and Dr. Paul Jacobs, 51, former longtime CEO and Chairman, and son of a Qualcomm co-founder, assumes the role of Executive Chairman. The announcement, which was on expected lines, was still timed unexpectedly. A report claimed Microsoft was considering Mollenkopf as a potential CEO candidate. Derek Aberle, 46, assumes the role of President.
Qualcomm also tapped Unilever COO, Harish Manwani, 60, as its latest board member.
Intel and McAfee have come together to form a new Intel business unit called Intel Security Group and has made some major announcements.
Intel appointed Aneel Bhusri, 48, CEO of Workday, to serve on the company's board.
Executive changes at Intel
- Intel’s new CMO is Steven Fund, formerly Staples’ SVP, and Marketing and also held roles at Gillette/ P&G.
- Scott Lovett, joins as Intel’s EVP WW Security Sales, from Cisco
- Christopher Young, Cisco’s top Security exec, as SVP & GM, Intel Security to run McAfee and the Intel Security Platform.
- John Giamatteo, 46, joins as SVP and GM of the McAfee consumer business. Formerly COO, AVG and from Solera Holdings, Real Networks and Nortel
- Michael Fey, CTO, EVP & GM, Corporate Products left Intel Security Group and was named President, Blue Coat Systems, a Thomas Bravo Security Software company.
Charismatic leader Bill McDermott, 52, was announced as SAP’s sole leader.. Co-CEO Jim Hagemann Snabe, 47, joined the supervisory board in May. Over 3 1/2 years, the co-CEOs spent more than $14 billion on M&A in mobile, cloud and invested in the Hana database, boosting the stock about 70 per cent.
- Robert Enslin, President of Global Customer Operations. Jennifer Morgan as President of SAP North America, reporting to Enslin.
- Bernd Leukert, Managing Director and Head of Innovation
- Ingrid-Helen Arnold, CIO, SAP Group and head, Cloud Delivery
- Rodolpho Cardenuto named President, Global Partner Operations (GPO)
- CMO Jonathan Becher, 49, is named Chief Digital Officer, in charge of the Digital Store unit
External hires include:
- CTO - Microsoft Cloud and Big Data Leader Quentin Clark
- CMO - Maggie Chan Jones, long time Microsoft executive, joins from Level 3
- CHRO - Dr. Stefan Ries, formerly Egon Zehnder
Cloud and Mobility Appointments:
- Rick Costanzo as EVP and GM of Global Mobility Solutions, formerly of Blackberry and AT&T.
- Mike Ettling, 50, appointed global head of cloud HR. He is former CEO, NGA HR.
SAP Departures: SAP continues to be a source of talent for executives in other companies, and some execs that came in via acquisitions also leave:
- SAP’s Dr. Vishal Sikka, 47, senior exec with a products and tech background, left to become CEO of Infosys.
- Cloud Execs: Shawn Price, President, Global Cloud Business joined Oracle as Cloud Chief; Graham Younger, 45, SAP’s SuccessFactors Chief, joins Box as EVP, WW Field Ops; Steve Winter, 39, SAP Customer LoB head, and former CEO, Isochron, joins Marketo as EVP, WW Field Ops.
- Execs joining John Chen, CEO at Blackberry: Eric Johnson for enterprise sales and Howard Stephens for carrier sales
- Adam Binnie, SVP of Emerging Products joins Canadian Software company, visier
Diego Dzodan, recently appointed President of SAP Latin America & Caribbean, departs.
Ralph V. Whitworth, 58, activist investor, resigned in July as interim Chairman and from the board to focus on his health. Meg Whitman, 57, added Chairman in addition to her CEO role. Pat Russo, 62, former Chairman and CEO of Alcatel-Lucent was appointed lead independent director. Joining the board, Klaus Kleinfeld, 56, CEO & Chairman, Alcoa, a global leader in lightweight metals technology, engineering and manufacturing.
HP will break up into the Enterprise business and HP, Inc. consisting of the PC and printing businesses.CEO Meg Whitman will head Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, 47,EVP, Printing & Personal Systems, will become CEO of the printing and PC business, known as HP, Inc. Weisler spent many years at Acer and Lenovo and has extensive international experience. Whitman will remain as non-executive Chairman of HP, Inc. and Pat Russo will become Chairman of the enterprise Company. CFO Cathie Lesjak,55, will remain with the enterprise company.
eBay will split into the auction house, eBay Marketplaces, and PayPal—-
It had been rumored for a long time that this move was planned “when the time was right”, but it had never come to pass. The fight turned nasty. Icahn launched a verbal assault on eBay management calling it a poorly run company and accusing eBay board members Marc Andreessen and Scott Cook of placing their interests ahead of shareholders and self-dealing. Others joined in, like the PayPal founders were quoted as saying “it’s as if Target owned Visa or something”.
eBay’s CEO Donahoe eventually won the fight. In February Icahn backed off his attack, settling for an independent member to be added, David W. Dorman, 60, Chair, CVS Caremark and former chairman and CEO of AT&T, to eBay’s board. But a series of big events seemed to give eBay a change of heart.
- David Marcus, 41, had left in June of 2014 to run Facebook’s messaging products, to focus on the all important whatsapp acquisition (amidst denied rumours of getting fired due to his management style)
- Alibaba, which runs a massive mobile payment arm Alipay, went public at a giant $230 billion valuation
- Apple’s iPhone 6 launch introduced Apple Pay–a mobile wallet that could be a total game changer for payments
When the dust settled and the split was announced, Marc Andreessen, 43, resigned from the board in October 2014.
The CEO Succession plans were:
- John Donahoe, 53, who will step down as EBay’s CEO after the split, and it is unclear whether he will hold board seats, but is rumored to be going on PayPal’s board. He is reported as having a $23m exit package.
- eBay Marketplaces President Devin Wenig, 47, taking over at eBay. Wenig joined EBay in 2011 from Thomson Reuters Corp., where he led the financial data and news division that competes with Bloomberg News. In June 2014, Craig Hayman, an IBM executive, joined eBay as President, eBay Enterprise business. Chris Saridakis, 45, former marketing chief for GSI Commerce, left earlier ‘for personal reasons’. He has since pled guilty to insider trading, by alerting friends of the GSI Commerce pending acquisition and was recently charged with 15 months jail time.
- Dan Schulman, 56, joined from Amex to lead Paypal
VMWare’s appointments indicate a strong period of future investments. A roster of CTOs is announced as well as Hybrid Cloud and Networking executives.
At the board level, David Goulden, 54, CEO of VMWare’s parent EMC Information Infrastructure and CFO was replaced by Paul Sagan, 55, former CEO of Akamai Technologies and board member of parent EMC, joins the board.
Corporate level promotions include:
- CFO Jonathan Chadwick, 47, expands his responsibilities to COO
- Ben Fathi is named CTO for the corporation, formerly SVP R&D, with experience at Cisco and Microsoft Windows.. Fathi succeeds Steve Herrod, now at General Catalyst Partners
- Chris Wolf, Research VP, Virtualization at Gartner joins as CTO for Americas region
Hybrid Cloud & Networking Appointments
- Bill Fathers, 45, EVP and GM, Hybrid Cloud Services BU
- Martin Casado SVP and GM, Networking, formerly fellow & CTO, Nicira, acquired by VMWare for $1.26 billion in 2012. Casado replaces Steve Mullaney, 50, former CEO of Nicira
- Simone Brunozzi, global technology evangelist at Amazon, named VMware’s vCloud Hybrid Service VP and chief technologist.
Board Members: David Filo, 48, founding member of Yahoo!, Charles R. Schwab, 76, Chairman of The Charles Schwab Corporation, and former CEO of WalMart H. Lee Scott, Jr., 65, join Yahoo’s board. John Hayes, 59, EVP and CMO, American Express, has decided not to seek re-election to Yahoo's board.
Third time a Charm? Yahoo’s New Head of Ad Sales
- Lisa Utzschneider, formerly Amazon’s SVP, National Ad Sales joined Yahoo as SVP, Sales Americas, reporting to the CEO. Utzschneider is the third top sales exec that Mayer has installed to try to turn around its troubled advertising business,
- Yahoo!’s COO Henrique de Castro, 48, formerly Google, Dell and McKinsey, got severance worth $58 million after 18 months on the job. Business Insider reports: "[Henrique] is very smart, but he has a difficult personality; both his teams and his clients dislike him ... He has no experience whatsoever running any kind of a real ad sales force, let alone a 1,000+ team selling experiential media into brand buyers. Yahoo's Editor-in-Chief Jai Singh, formerly of Huffington post, has quit the company just one day after the COO’s Departure
As expected, cash rich Yahoo! Is the target of an aggressive activist shareholder, who aims to split the company into various pieces and combine the AOL and Yahoo! Core businesses together. Much of Yahoo!’s cash comes from its significant stake in Alibaba.
- Infosys founder Narayana Murthy, 67, steps down as executive chairman, continuing as chairman emeritus. Kundapur Vaman Kamath, 66, CEO and MD of ICICI Bank took over as Chairman.
- Dr. Vishal Sikka, 47, was named CEO and board member, Infosys Ltd. He is former CTO, SAP AG and replaces S.D.Shibulal, 39, who ran the company for 3 years.
- U. B. Pravin Rao, 52 is the newly promoted President and joins the board (although still listed as COO everywhere).
- New board member added is Ms. Kiran Mazumdar-Shaw, 61, is the Chairman & Managing Director of Biocon, a biotechnology company.
- David L. Boyles, 64, former Amex and Bank of America exec will reach retirement age next year and leave the board then.
Nokia has three businesses left after the handset division sale to Microsoft: the networks division, maps business, and the unit responsible for licensing its patents.
Jesper Ovesen step down as Executive Chairman of Nokia Solutions and Networks, stepped down at the start of the year. Risto Siilasmaa, 48, is now Chairman of the board.
Rajeev Suri, 46, the head of the Networks division was named CEO.
Michael Halbherr, 49, the chief of Nokia’s mapping business and CEO of HERE, left in September over a strategy disagreement on whether to focus on automotive companies and enterprise clients or also continue to target consumers. Cliff Fox, currently SVP, Core Map Group, at HERE, is acting CEO of HERE, while a search is under way.
Symantec is following HP’s and eBay’s footsteps in breaking up into two entities, by December 2015. The two businesses will be the security business ($4.2b) and the information management business ($2.5b).
Michael Brown, 55, former CEO of Quantum Corp., will remain in his newly announced role as Symantec’s President & CEO. Brown replaced Thomas Bennett, 60, as CEO in September 2014, after being interim CEO since March 2014. Thomas Seifert, 50, former Brightstar CFO, will also remain in his new post of CFO. John Gannon, 68, former President & COO of Quantum Corp., is the new EVP & GM for the new information management business with Don Rath as the CFO.
In November, Symantec eliminated the COO role and Stephen Gillett, 38, formerly Best Buy’s President of Tech and e-commerce and Starbucks’ CIO, left the company.
Symantec hires Security Stars:
- Balaji Yelamanchili, EVP & GM, Enterprise Security Products; formerly of Oracle and EMC with big data analytics experience.
- Jeff Scheel, SVP, Corporate Development, Alliances and Strategy, joins from FireEye. He is formerly of Mandiant, HP and ArcSight.
Symantec Beefs Up the Information Security Business
- Matt Cain was named Chief Product Officer of the Information Management Business. He is formerly of Cisco and has been with Symantec since 2012.
CA’s new CEO, Michael Gregoire, formerly Taleo CEO, joined in December 2012. The company formerly announcedthe hiring Juniper and Nortel exec as CMO & EVP Lauren Flaherty, 56. In the first half of 2014,, the picture changed more drastically.
- Adam Elster, 46, is now the EVP, WW Sales and Services, from the mainframe group replaces George Fisher, 51, who is now SVP, of Global Sales of Verizon Enterprise Solutions
- Amit Chatterjee, 42, is named EVP, Enterprise Solutions and Technology Group, formerly of SAP’s GRC business and Mckinsey. He replaces Peter Griffiths, 50, former IBM software development exec who is leaving the company
- CTO John Michelsen will now report directly to the CEO
- Alyssa Fitzpatrick, McAfee alliances exec and formerly of Oracle and Informatica is named SVP, Global Partners and Alliances
- Ronald Alepian, formerly VP and head of corporate marketing at Toronto Stock Exchange’s TMX Group, was named SVP and Chief Communications Officer
Citrix’s CEO, Mark B. Templeton, 61, is resuming his role as CEO, permanently, reversing a previous announcement. David J. Henshall, 46, EVP and CFO, who had been serving as acting CEO, has been promoted to COO.
Joining Citrix’s board are Robert M. Calderoni, 54, the former CEO of Ariba, acquired by SAP as well as Francis A. deSouza, 44, formerly of IBM TJ Watson Research, Microsoft and Symantec and current president of biotech company Illumina.
- Geir Ramleth, CIO of Bechtel and former CEO of Bechtel subsidiary Genuity, is joining Citrix as SVP and Chief Strategy Officer
- Rakesh Narasimhan, 46, as Group VP and GM, Desktop and Cloud. Formerly CEO at InstallFree, GM at Microsoft and Oracle
- Brian Dye, was named Group VP and GM of its Mobile Platforms group. Formerly SVP, Information Security Group, Symantec
Steve A. Daheb, 42, SVP and CMO of Citrix Systems, decided to leave in July but is staying as an advisor until February 2015. As a result of the reorganization, Citrix has eliminated the role of CMO.
For more information, please see the full 2015 Update