Breaking News (102)

Twitter CEO Dick Costolo Steps Down; Chairman Jack Dorsey to Lead Company in the InterimDick Costolo

Dick Costolo, 51, has stepped down as Twitters’ CEO, under investor criticism. Costolo will continue serving on the company’s board. He served as Twitter’s COO before taking over as CEO, from Evan Williams, in October 2010. He is a former Group Product Manager at Google, Co-founder and former CEO of FeedBurner, and former SVP of MNO Solutions and COO at 724 Solutions. 

Cisco Names Worldwide Ops SVP Chuck Robbins as New CEO to Succeed John Chambers

Cisco has appointed Charles H. (Chuck) Robbins, 48, as the next CEO and appointed him to the board of directors. John T. Chambers, 65, currently CEO and Chairman, will remain on the board and assume the role of Executive Chairman.

Google Taps Morgan Stanley's Ruth Porat as CFO‏

Google hired Morgan Stanley CFO Ruth Porat, 57, as its own CFO. Porat has helped execute a sweeping cost-cutting strategy across several business lines at Morgan Stanley. She served as the Global Head of the Financial Institutions Group, Vice Chairman of Investment Banking, and Chairman of the Financial Sponsors Group. Porat began her career with Morgan Stanley in 1987 in the Mergers and Acquisition Department. 

Uber CFO Brent Callinicos Steps Down; Will Become Advisor to the Company

Uber CFO Brent Callinicos, CPA, 48, is stepping down after nearly two years of leading financing rounds that have seen the car-booking service become one of the most valuable venture-backed start-ups. Under Callinicos’ financial direction, Uber has raised more than $5 billion in funding and seen its valuation grow to $41.2 billion. Callinicos states in his resignation that he takes the decision to step down to take a break and spend time with his family, as he stays on as an advisor to Uber. Callinicos joined Uber in 2013 from Google, where he was VP, Treasurer and Chief Accountant. 

Google CFO Patrick Pichette to Retire; Company Searches for Replacement

Google’s SVP and CFO Patrick Pichette, 52, intends to retire. Pichette will be assisting in the search for a new CFO and ensure an orderly transition, which the company expects will occur within the next six months. Pichette has been Google’s CFO since August 2008 and serves as its Principal Accounting Officer. He joined Bell Canada in 2001 as an EVP of Planning and Performance Management, and rose to ranks of CFO and President of Operations. 

Teradata Appoints Co-Presidents‏ to Address Opportunities in its Two Biggest Markets

Teradata, the big data analytics and marketing applications company, appointed Robert E. (Bob) Fair, 52, and Hermann Wimmer, 50, as co-presidents, reporting to CEO Mike Koehler, to better align the company for growth in its major markets. Bob Fair will lead the Teradata Marketing Applications Division and Hermann Wimmer will lead the Teradata Data and Analytics Division. Each division will be an integrated global business. 

Target Appoints New CIO Mike McNamara from Tesco

Target named Tesco veteran Mike McNamara to the role of EVP and CIO. As the company’s top technology leader, McNamara will further advance Target’s digital transformation. McNamara replaces Bob DeRodes, who is retiring after playing a pivotal role in guiding the chain’s information security efforts. DeRodes, is a 40-year IT veteran who joined Target last spring with a focus on enhancing data security and technology infrastructure. DeRodes will serve for a short time in a senior advisory role to Target.

Starbucks Hires Former CEO of Juniper Networks and Microsoft Veteran as COO

Starbucks appoints Kevin R. Johnson, 53, the former CEO of Juniper Networks, and a veteran of Microsoft and IBM, to be its new COO. Johnson has been a Starbucks board member since 2009. Troy Alstead, who Johnson is replacing, is taking a leave of absence. As president and COO, Johnson will lead the company’s global operating businesses across the Americas, EMEA, and China/Asia Pacific, as well as Starbucks supply chain, IT, mobile and digital platforms.

Oracle Promotes EVP, Product Development Thomas Kurian as President

Oracle promotes Thomas Kurian, 48, EVP, Product Development, to the role of President. He is responsible for leading software development and transitioning the company's technology to Oracle Cloud. For the past several years, Kurian has been responsible for the Oracle Fusion Middleware family of products. Under his leadership, that business became the fastest-growing within Oracle and the industry's leading middleware product suite. 

Monday, 12 January 2015 12:20

Cisco Cloud CTO Phil Harris Joins BMC as CTO

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Cisco Cloud CTO Phil Harris Joins BMC as CTO

Cisco VP and CTO of cloud and virtualization group Phil Harris has joined BMC as SVP & CTO. Harris will replace Kia Behnia, who will not return from a sabbatical. Before his kost recent role at Cisco, he served as VP & CTO. Prior to that, he was Chief Strategy Officer and VP, Platform Engineering and Strategy at VCE, a virtual computing environment company.