Microsoft CFO Resigns; Replacement to be Announced from within Company Ranks
Microsoft CFO Peter Klein, 49, will leave the company, after nearly four years in role and 11 years at the company. Microsoft will be naming a new CFO from its finance leadership team. Prior to being named Microsoft CFO, Klein served as Corporate VP and CFO of Microsoft's Business Division (MBD), overseeing the financial performance of the division which includes the Microsoft Office System, Unified Communications, Microsoft Business Solutions and other businesses. Before joining MBD in 2006, Klein was CFO of Microsoft's Server & Tools Business Group (STB). He joined Microsoft in 2002.
HP Chairman Steps Down, Two Board Directors to Leave
Hewlett-Packard’s Chairman Ray Lane, 66, is stepping down from his role as Chairman. He continues as a director on the board. Ralph V. Whitworth, 57, will step into the role on an interim basis as the board searches for a permanent replacement.
Google Breaks Up Mapping and Commerce Unit; Android Sees Leadership Changes
Google is breaking up the unit that formerly combined mapping and commerce. SVP, Commerce & Local, Jeff Huber, is now SVP, Google X, the unit run by Google co-founder Sergey Brin that's working on projects such as self-driving car technology and the Google Glass wearable computing device.
Alcatel-Lucent CEO Stepping Down
Alcatel Lucent CEO Ben Verwaayen, 61, is not seeking re-election as a director at this year’s annual general meeting, and will step down as CEO once a successful transition has been executed. Hired in 2008, Verwaayen succeeded Patricia Russo, who was then CEO of Lucent Technologies. Russo was instrumental in merging Lucent Technologies with Alcatel.
Allscripts Changes CEOs; President Steps Down
Allscripts named its board member Paul M. Black, 52, as new President and CEO, replacing longtime CEO Glen Tullman, 54. Black was appointed to the Allscripts’ board earlier this year. Black most recently served as Operating Executive of Genstar Capital, a private equity firm, and Senior Advisor at New Mountain Finance Corporation, an investment management company. Previously, he spent more than 12 years with Cerner in various executive positions, retiring as COO in 2007. Prior to Cerner, Black spent 12 years at IBM in a number of senior sales, marketing and professional services leadership positions.
Akamai Founder Takes Rein as CEO; Company Promotes Other Senior Execs
Akamai Technologies has tapped mathematician Co-founder and Chief Scientist Tom Leighton, 56, as its new CEO, taking over a job held since 2005 by Paul Sagan, 53, who announced plans earlier this year to step down from his role.
CA Appoints Former Taleo Head as New CEO
CA Technologies has named Michael P. Gregoire, 46, as the company’s new CEO and a member of the Board of Directors. He will succeed William E. McCracken, 70, who has served as the CEO since 2010 and is retiring.
Intel CEO to Retire Earlier than Expected; Successor Not Named Yet
Intel’s President and CEO Paul Otellini, 62, who has been on the job for eight years, will be retiring as an officer and director of the company in May, next year, with years to go before reaching the company's mandatory retirement age of 65. A successor has not been named yet. The company is going to consider both internal and external candidates in a transition expected to last six months.
VMware Appoints New CFO from Microsoft
VMware named Jonathan Chadwick as its new CFO. Chadwick has previously served as Microsoft's Corporate VP and as the CFO of Skype. He replaces Mark Peek, VMware's former CFO, who left the company earlier this year.
Yahoo! ropes in Google VP as COO
Yahoo! has hired Henrique de Castro, 47, Google's VP of worldwide Partner Business Solutions, as its new COO. He will be responsible for strategic and operational management of Yahoo!'s sales, operations, media and business development worldwide.
IBM Chairman to Retire; CEO to add Chairman’s Role
IBM President and CEO Ginni Rometty, 55, is taking on the added role of chairman, as Sam Palmisano, 61, prepares to retire. Palmisano will become a senior adviser until he retires at the end of the year. Palmisano served as CEO between 2002 and 2012, and has been Chairman since 2003.
Yahoo! Interim CEO Ross Levinsohn Quits
Yahoo!’s interim CEO Ross Levinsohn, 48, leaves after the company appoints Google VP, Marissa Mayer, 37, as the new CEO. Levinsohn, who took over as interim CEO in the wake of the ouster of Scott Thompson earlier this year, was named EVP and Head of Global Media by Thompson while he reorganized the businesses in April. Before that he had been running the Americas unit of the Internet giant. That put him in charge of key Yahoo businesses, including its media and advertising sales divisions.
EMC reshuffles executive ranks with new CEO at VMware
Pat Gelsinger, 50, who was President and COO of EMC Information Infrastructure Products, becomes CEO of 80%-owned VMware effective September 1. He also joins the VMware board. Prior to joining EMC in 2009 he was SVP and Co-GM of Intel’s Digital Enterprise Group. Before that he led Intel Labs and was Intel's first CTO.
Yahoo! taps Google VP as new CEO
Yahoo! has appointed Google VP, Marissa Mayer, 37, as President and CEO and Member of the Board of Directors. She takes over from interim CEO Ross Levinson, 48, who took on the role in May as former CEO Scott Thompson, 54, left over the resume scandal. The appointment of Ms. Mayer, a leading consumer internet executive, signals a renewed focus on product innovation to drive user experience and advertising revenue.