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.
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.
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.
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.
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.
Zurich Insurance Group Appoints BofA Technology Leader to Board
Zurich Insurance Group announced that its board has elected Bank of America's Chief Operations and Technology Officer Cathy Bessant as a director. In her role at Bank of America, Bessant oversees about 95,000 employees and contractors in 35 countries in the bank's global technology and operations group. Bessant previously chaired the Charlotte Chamber and the Foundation For The Carolinas.
Kleiner Perkins’ Chief Product Officer Resigns from Amazon Board
William B. Gordon, 66, resigned as a director of Amazon after fourteen years on the board. Gordon stepped down so he could provide consulting services to the company for two years. Gordon is currently the Chief Product Officer at Kleiner Perkins Caufield & Byers. Bing also leads KPCB’s sFund, the investment initiative to fund and build applications and services that deliver on the promise of the social web.
Sanofi Names Former CEO of Dassault Systems as Newest Board Member
Sanofi appointed Bernard Charls as new independent Director. Charls has served since May 2016 as Vice-Chairman and CEO of Dassault Systems. He has been CEO of Dassault Systems since September 1995. He joined the company in 1983 and created the New Technology, Research and Strategy division, before being appointed Director for Strategy, Research and Development in 1988. Bernard Charl s is a member of the Academy of Technology (France) and of the National Academy of Engineering (United States).
Cisco Systems Appoints Allergan Chair/CEO to its Board of Directors
Cisco Systems appointed Brenton L. Saunders, 47, Chairman, CEO and President of Allergan, to its Board of Directors. He was a co-founder of Health Care Compliance Association in 1995. He has significant healthcare industry expertise and led various business transformations and integrations.
Texas Instruments Appoints Lennox International Chair/CEO as Board Member
Texas Instruments announced that Todd M. Bluedorn has been elected to the company's board of directors. Bluedorn is chairman of the board and CEO of Lennox International. Before joining the company, Bluedorn, held a number of senior management positions at United Technologies Corporation, including president of three different businesses.
BNY Mellon Appoints President of SAP North America as Director
The Bank of New York Mellon Corporation has elected Jennifer B. Morgan as independent director. Morgan has served as President of SAP North America since 2014, where she is responsible for the company’s strategy, revenue and customer success in the U.S. and Canada. Since being named President, she has led SAP’s rapid shift to the cloud in North America while helping customers achieve growth in the digital economy. Morgan served in a number of leadership roles for SAP since joining the company in 2004, including as head of SAP North America’s public sector organization and president of its Regulated Industries business unit.
Broadcom Announces Board Changes
American fabless semiconductor company Broadcom appointed Check Kian Low as an independent director of the company and as the company's required Singapore resident director. Low will replace Lucien Y.K. Wong as a director on the Board, whose previously announced resignation from the Board. Low, 57, was one of the founding partners and a director of NewSmith Capital Partners.