Athenahealth's CEO Jon Bush Steps Down Under Growing Pressure
Cloud-based software platform for medical providers, Athenahealth is in turmoil. CEO and co-founder Jonathan J. Bush, Jr., 49, stepped down as President, CEO and Board Member. He had been replaced as Chairman last year by Jeff Immelt.
Much activity happened in the past three months or so in the Giant Tech Companies. We have categorized these in roughly three categories:
December 16th, 2017
Welcome to our Software Industry Newsletter.
In this newsletter, we report on Software Board & Exec Leadership Moves from September 24th to December 12th, 2017. They are roughly organized by size.
Comments Welcomed and Appreciated!
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, 58, joins as director of Microsoft.
SAP Names COO Christian Klein, 37, to Executive Board to Lead Global Business Operations.
Adobe Promotes Scott Belsky, 37, to Product Chief and EVP, Creative Cloud. Scott Belsky is the former VP of Products at Adobe, leading the Creative Cloud mobile product strategy.
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.
The software industry is witnessing rapid transformation – from increasing shareholder activism to more diverse boards, from geographic expansion to acquisitions - the following board and leadership moves reflect all these trends. Here are the major changes from July 28th to September 23rd, 2017.
In the past couple of months, there are several companies that have multiple announcements, which we cover below. Some of the patterns:
Note: We covered Uber Technology Changes in a separate blog post as Uber itself has had too many changes
Microsoft Announces Departure of Jim Dubois as CIO; Appoints New President in Russia
Microsoft CIO Jim DuBois is leaving the company. DuBois is a more than 20-year Microsoft veteran who became the company's interim CIO in 2013 and permanent CIO the following year. He went on sabbatical earlier 2017.
Microsoft appointed T. Bochenek as new Microsoft President in Russia. Now he keeps the COO position at Microsoft in Russia.
VMware Announces Multiple Leadership Changes
VMware announced an expanded focus on communication service providers (CSPs) and telecommunications carriers (telcos), and the promotion of Shekar Ayyar to EVP and General Manager, Telco Group. Ayyar holds more than 15 years of senior leadership experience in enterprise software, communications and semiconductors.
athenahealth Announces Board and HR Leadership Changes
athenahealth announced Ed Park, its EVP and COO, has been appointed to the company’s board. Park will be stepping down from his current role this month. In preparation for Park’s transition, he has worked closely with Kyle Armbrester, SVP and Chief Product Officer of athenahealth, to ensure a seamless transition. Armbrester will take on responsibility for direction and delivery of core services and will continue to lead the hospital division.
Microsoft Announces Multiple Key Executive Changes
Microsoft announced a broad reorganization of the company's senior executive ranks as long-time COO Kevin Turner prepares to leave for another job. Instead of naming a new COO, the company appointed two executives to divvy up the sales responsibilities and report to him. Jean-Philippe Courtois will be in charge of global sales, marketing and operations spanning Microsoft's 13 business areas. Judson Althoff will lead the worldwide commercial business, including government and small and medium-sized businesses.