Twitter CEO Dick Costolo Steps Down; Chairman Jack Dorsey to Lead Company in the Interim
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.
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.
SAP Appoints its CMO as First Chief Digital Officer; Also Names New CMO
SAP named its CMO Jonathan Becher, 49, as the company's first Chief Digital Officer to lead the company's new digital business unit. Becher, a technology and marketing expert, joined SAP during the 2007 acquisition of Pilot Software, where he was president-CEO. Prior to leading Pilot Software, Becher was president-CEO of Accrue Software, a provider of web analytics, and president-CEO of NeoVista Software, a predictive analytics and data mining company.
Cisco to Go Through CFO Change Early Next Year
Cisco’s EVP and CFO Frank Calderoni, 57, is stepping down from his role early next year, after six years on the job. Calderoni joined Cisco from QLogic in 2004, initially serving as SVP for customer solutions finance. In QLogic he served as VP and CFO, and before that he was CFO and SVP of Finance and Administration of SanDisk. Earlier, he served as a VP of Finance and Operations of Global Small Business of IBM, spending 21 years at the company.
SAP Appoints Microsoft Cloud and Big Data Leader as CTO
SAP Appoints Quentin Clark, a 20-year veteran of Microsoft, as CTO. Most recently, Clark served as Microsoft’s Corporate VP in the business application space and before that was Corporate VP of data platform group, where he helped design and deliver the company’s big data platforms for both on premise (SQL Server) and Azure (PowerBI, HDInsight). Previously he was GM of the Database Systems Group, GM for WinFS project, Product Unit Manager for MOM/Application Center starting as a Software Engineer at the company in 1994.
Symantec Splits Security and Information Management Businesses as Two Publicly-Traded Companies; Announces Management Changes
Symantec announced that it will split itself into two, independent publicly-traded companies, one with focus on the security business and the other on information management. Recently appointed CEO, Michael A. Brown will remain the president and CEO of Symantec while Thomas Seifert will continue to serve as CFO. John Gannon will be the EVP and GM of the new information management business, Don Rath will be its acting CFO and Matt Cain was named Chief Product Officer.