Wednesday, 13 June 2018 08:24

Trends in Exec & Board Changes in Tech Companies

Written by

Giant technology companies have had plenty of action with their leadership teams in the first half of 2018. This is the first of a two part series:

In this Edition

    Trends for Boards & Exec

  • Tech Hot Topics: AI, AR/VR, IoT and many others
  • Consumer Experience and Disruptive User Design
  • Security, Data Protection and Privacy

    Mammoth Company Changes

    The Big Re-Organizations

Also please look at Part 2 - Tech Company Board Appointment Trends, which will be posted on our blog and on our LinkedIN articles.

We welcome any feedback and insights you may have.

All the best,

This email address is being protected from spambots. You need JavaScript enabled to view it. * Direct: (617) 530-1288

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.

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

Microsoft 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.

Board Appointments and Departures at Giant Tech Companies
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. 

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 Director - 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.

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 
  • 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.

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.

Microsoft Appoints New VP for Its Asia Pacific Operations

Microsoft appointed Andrea Della Mattea as its new VP of its Asia Pacific operations. Andrea Della Mattea joins Microsoft from Insight Enterprises. As the new VP of the Asia Pacific region, Della Mattea will lead Microsoft's business across the region, including over 2,000 employees and more than 11,000 Microsoft certified partners.

SAP Announces Newly Expanded Responsibilities of Key Executives    

Robert Enslin and Bernd Leukert will shift and expand their portfolios as members of the Executive Board of SAP. The Supervisory Board of SAP has named Adaire Fox-Martin and Jennifer Morgan to the Executive Board. In addition, two new leadership assignments were announced for current EMEA President Franck Cohen and SAP Cloud Platform President Bjoern Goerke. Cohen will become chief commercial officer and Goerke CTO.