60 % of the Giant Tech companies promoted CEOs internally, while 40% hired CEOs externally. Cerner is the only company that hired a CEO externally and also made him Chairman. 100% of the newly named CEOs were men. (vs. 90-95% overall in a larger set of tech companies).
Giant technology companies have had plenty of action with their boards the first half of 2018. This is the second of a two part series of updates.
Vell Executive Search captures the most recent board appointments in tech, from October 29, 2017 to February 8, 2018.
Alphabet Names Board Veteran as Chairman to Succeed Schmidt. Alphabet appointed John L. Hennessy, 65, former President of Stanford University, to serve as Executive Chair of Alphabet’s Board. Hennessy has served on the Board since April 2004 and Lead Independent Director since April 2007. Eric Schmidt, 62, becomes technical advisor to the company while continuing to serve on its board. Alphabet said that Canadian-born Shirley M. Tilghman, 71, 19th President of Princeton University, also retired from the board effective Feb. 15, 2018.
Vell Executive Search captures the most recent female board appointments in tech, from November 23, 2017 to January 28, 2018.
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, JD, 58, joins as director of Microsoft.
Broadcom Appoints Former Benchmark Electronics CEO as Independent Director. Broadcom appointed Ms. Gayla J. Delly, 57, as an independent director of the company. Ms. Delly served as CEO of Benchmark Electronics.
Vell Executive Search captures the most recent female board appointments in tech, from September 17 to November 22, 2017.
eBay appoints Adriane Brown and Diana Farrell to its Board - Ms. Brown, 59, is former CEO, Honeywell Transportation Systems. Ms. Farrell, 59, is the Founding President and CEO at JPMorgan Chase Institute, a global think tank and former McKinsey.
Fidelity National Information Services Appoints Louise M. Parent, 67, as Director - A former EVP and general counsel of AmEx, Parent has more than 35 years of experience in the financial industry. Parent retired from American Express in 2013.
Square Announces Ai Expert Anna Patterson, 52, as Newest Board Member - Patterson is the Founder and Managing Partner at Gradient Ventures, google’s AI focused venture fund. Patterson is also VP of Engineering at Google and most recently helped to integrate AI into products across Google.
What were the important tech board changes in the most recent couple of months? This leadership report covers tech board changes from 8/26 to 10/29 in 2017.
We have three categories, roughly organized by company size. Industries/ categories per CapIQ classifications.
Some basic stats:
19.7% of the new board seats went to women;
15.6% of the board seats removed were women held seats.
Are you seeking your next board seat in a technology company? It is often helpful to look at the current composition of technology boards and what skills and experiences are currently in demand.
Public Tech Companies over $100m
We studied public technology companies studied in the US and Canada with at least $100m in revenues.
The number of companies is 581. There were 4,305 individual board members occupying 4,830 board seats.
Tech companies have increasingly been feeling the investor pressure to refresh their board of directors. Several companies are focusing on diversity and adding female directors. Here we have compiled the female board appointments in tech from June 10 to September 16, 2017.
Accenture Appoints Estee Lauder’s CFO Tracey T. Travis, 55, as Board Member
PayPal appoints media exec and President, BBC Worldwide Ann Sarnoff, 55, to its Board of Directors
Intuit appointed Deborah (Deb) Liu, leader of Facebook's developer and commerce businesses, to its board
Paychex’s board has appointed most recent EVP & CMO of FireEye Kara Wilson, 47, to board. Wilson is now CMO at Rubrik
Most important hiring and departures from June 11 to August 25, 2017
Several technology vendors announced changes to their board of directors in the said time period. We have tried to capture the most important and interesting ones, categorizing them under few noticeable patterns.
BAE Systems Names Former Senator to its Board of Directors
BAE Systems announced that former U.S. Senator Kelly Ayotte, 49, has been appointed to its board of directors for a three-year term. From 2011 until January of this year, former Sen. Ayotte worked across party lines in Congress on numerous domestic and foreign policy issues. She served on several Senate committees, chairing the Armed Services Subcommittee on Readiness and Management Support and the Commerce, Science, and Transportation Subcommittee on Aviation Operations, Safety, and Security. Previously, from 2004 to 2009, she was the first female to serve as New Hampshire’s attorney general, appointed by both Republican and Democratic governors.
Rockwell Automation Appoints TSYS CIO as Newest Board Member
Rockwell Automation announced that Patricia Watson, 50, has been elected to the company’s board of directors. Watson is senior EVP and CIO at Total System Services (TSYS). She currently serves as a board director for Texas Capital Bancshares.
FleetCor Welcomes Well-Known Non-Profit CEO to Board
FleetCor Technologies appointed Hala Moddelmog to its Board of Directors. An accomplished operating executive and non-profit CEO, Moddelmog has served in President and CEO roles for more than 20 years. Moddelmog served as President of Arby’s Restaurant Group, held the CEO position with Susan G. Komen for the Cure, and is currently the first female CEO of the metro Atlanta Chamber.
TCS Independent Director Retires from Board
Tata Consultancy Services said independent director Vijay Kelkar has stepped down from the board upon reaching the retirement age set by the IT services company. Kelkar, a Padma Vibhushan award winner, is an Indian economist and academician. He has been on the board of TCS since 2010.