January 19th, 2020
Happy New Year and welcome to our Annual Technology CFO Newsletter, summarizing the 2019 appointments and open roles as of the end of the year.
We are now working on trends for 2019 Board changes in tech companies.
There are currently 36 Open Tech CFO Roles in US & Canada after all the shuffles last year. There have been 231 CFO appointments in the technology domain in US & Canada in 2019.
We would LOVE to hear from you… Please click on the link below… The survey is completely anonymous…We will publish a summary of the results.
Themes in the Giant Tech Reorgs:
Apple Music Promotes Two
Apple has hired Google's former head of search and artificial intelligence John Giannandrea to lead the company's 'machine learning and A.I. Strategy.
The giant also has appointed International exec Oliver Schusser as VP of Apple Music and international content to oversee its music streaming business, relocating from the UK to California for the new position. With Oliver’s promotion, Apple marketing executive Tracey Hannelly will lead International for Apple music, which services 155 markets. She joined the company in 2007 beginning in Australia and New Zealand.
NBC Entertainment President Jennifer Salke has been named head of Amazon Studios. Salke will oversee all television and film production for Amazon's entertainment arm.
Facebook board: Jan Koum, 41, CEO of WhatsApp stepped down from the board over significant disagreements over privacy issues.
Joining Akamai’s board is Amazon’s CISO - Tom Killalea, 49.
LogMeIn has named Sara Andrews, SVP and Global CISO of PepsiCo to the company’s board of directors.
Satya Nadella’s Great First Year as Microsoft CEO
Microsoft appointed company veteran Satya Nadella, 46, as CEO and board member. Bill Gates, 59, assumed a new role on the Board as Founder and Technology Advisor. John W. Thompson, 64, formerly CEO of Symantec, was named Chairman.
Trend 1 - Activist Shareholders & Protecting Star Execs
A look at executive compensation pay-levels and practices in recent IPOs in human capital intensive industries
The 2013 IPO Executive Compensation Study by consulting firm Connell & Partners, a division of Arthur J. Gallagher, provides insight into how recent IPOs in the high technology, biotechnology and alternative energy arenas (all human capital intensive industries) modify the structure of their executive compensation levels and practices as they transition to a publically traded company. The study is comprised of 46 companies that went public in the year 2011 and have since released proxy data for that year. Jack Connell, Managing Director of Connell & Partners, looked at the compensation levels and practices in the year of their IPO and the previous year, to examine the changes. The report examines the CEO, CFO and Head of Sales Positions as these were the three most prevalent positions listed. It also looked at bonus plan, long-term incentive and severance and change-in-contol practices. To have a quick look at the study Click Here.
Read about Second Half 2011 Technology board and executive moves
Two of the largest technology companies in the world—IBM and HP—now have female CEOs. Yahoo named PayPal President Scott Thompson as the company's new CEO.
Read about Second Quarter 2011 Technology board and executive moves
In the second quarter, we saw major market moves in some sectors even as companies continue to seek top talent at the CEO and COO level. Indeed, we're witnessing more opportunities in the C-suite this year than in 2010 and that trend should continue into 2012. At the same time, Equilar, an executive comp data provider, reports a 23 percent jump in 2010 CEO pay compared to 2009.
Read about First Quarter 2011 Technology board and executive moves
In the first quarter of 2011, we saw more signs of economic recovery. For the first time in more than three years, Liberum is reporting that executive turnover has seen a real jump—and that the jump coincided with the significant drop in United States unemployment and the continuing growth in the number of jobs created.
Read about Fourth Quarter 2010 Technology board and executive moves
In the fourth quarter of 2010, we saw heavy hitters continue to make key leadership decisions to position their companies for the expected tech industry recovery in 2011.
Read about Third Quarter 2010 Technology board and executive moves
In the third quarter 2010, overall public company CEO and CFO departures become more rare.