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

Published in Breaking News

Much activity happened in the past three months or so in the Giant Tech Companies. We have categorized these in roughly three categories: 

  1. Multiple complex changes, due to either massive restructurings, promotions from within, activist investors or stock troubles;
  2. Board and CEO changes or other Significant changes
  3. Changes by functional area: Presidents/COO/GMs, Sales, Marketing , Product and CFOs.
Published in Giant Tech Companies

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! 

Dora Vell 

This email address is being protected from spambots. You need JavaScript enabled to view it.* 617-530-1260 * www.vell.com

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.

Published in Software Industry

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.

  • The Giants ($100b+ market cap): Microsoft, Samsung, Intel, Cisco
  • The Software Companies: Paypal, Salesforce, Intuit, eBay, RedHat, ServiceNow, Twitter, Square, Citrix, Splunk, Fortinet, FireEye and any others.
  • Others (Telecom, Hardware, Services, Payments): HP, Inc., Infosys, Ericsson, TSYS, Micro-Semi, TSYS, FLIR, Cypress Semi., Cree, Convergys, Blackhawk Networks, Boingo, ScanSource and others.

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.

Board Moves

  • Activist Investor Not to Seek Re-Election to Microsoft Board; PepsiCo CFO to Join as Director - Microsoft board member D. Mason Morfit, 41, ValueAct Capital’s President and Chief Investment Officer, will not seek re-election. The board has appointed Hugh Johnston, 55, as Director. Johnston is vice chairman and CFO of PepsiCo. 
  • Salesforce Gets Influential Health Care Exec to Board - Bernard J. Tyson, 58, chairman and CEO of Kaiser Permanente, joined Salesforce’s board. 
  • Charles Giancarlo Resigns as ServiceNow Director - In connection with his appointment as CEO of Pure Storage, Charles Giancarlo, 60, resigned from the Board of ServiceNow. Former Avaya CEO.
  • Red Hat Announces New Chairman - Narendra K. Gupta, 68, co-founder of Nexus Venture Partners and long time director named as Chairman of the board. Succeeds retired U.S. Army Gen. H. Hugh Shelton, 75, who recently retired as chairman.
  • Constellation Software’s New Board Member Comes with Corporate Governance, Corporate Culture, And Corporate Law Preeminence - Constellation Software’s newest board member is Lawrence Cunningham, 55, Henry St. George Tucker III Research Professor at George Washington University Law School.
Published in Software Industry

In the past couple of months, there are several companies that have multiple announcements, which we cover below. Some of the patterns:

  • Multiple heads of India; lots of regional appointments 
  • Chief People Officers or senior HR leaders with Diversity as a primary domain and 
  • Many analytics appointments

Note: We covered Uber Technology Changes in a separate blog post as Uber itself has had too many changes

Board Announcements (one announcement)

  • Alphabet Appoints Google Chief Sundar Pichai, 45, to its Board.
  • Texas Instruments Appointed its COO Brian T. Crutcher, 44, to Board.
  • PayPal Appoints Media Exec and President, BBC Worldwide Ann Sarnoff, 55, to its Board of Directors.
Published in Giant Tech Companies

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.

Published in Software Industry

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. 

Published in Software Industry

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.

Published in Healthcare IT

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. 

Published in Software Industry
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