Much activity happened in the past three months or so in the Giant Tech Companies. We have categorized these in roughly three categories:
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.
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.
Vell Executive Search looked into the major HR changes in the Fortune 1000 for the twelve months ended April 2016. We use the CHRO term to encompass the top role of HR, as there are a variety of titles.
Microsoft Appoints Former Cisco CTO to Board; Sees Multiple Exec Changes
Padmasree Warrior, 55, the former CTO of Cisco is joining the Microsoft board. She's already a board member for Box, and for Gap, posts she had before she left Cisco.
Cisco Appoints CTO for Security Solutions Division from Newly Acquired India-based Company Pawaa Software
Cisco has announced its first acquisition in India by taking over Pawaa Software. Pawaa's founder Prakash Baskaran has been appointed as CTO for Cisco's security solutions division. As CEO of Pawaa, he was solving the most critical challenges of file security with an innovative key management and file container technology. Prior to Pawaa, Prakash was founder of five other startups in the areas of VoIP services, HR/CRM solutions and B2B marketplaces. He has several years of work experience in industry-leading organizations such as AT&T, Lucent and IBM.
Apple Appoints Former Boeing CFO to its Board
Apple appointed James Bell, Boeing's former CFO, to its board. Bell, who was Boeing's CFO from 2003 to 2012, is on the board of several other companies, including JPMorgan Chase and Dow Chemical. He also served as Boeing's interim CEO for several months in 2005 after the aircraft maker fired CEO Harry Stonecipher.
Apple Director Won't Seek Re-Election
J.Crew CEO Millard “Mickey” Drexler, 70, who has served on the Board since 1999, notified the Board of his intention to retire at the end of his current term. His role will end in March; no one has been named to fill the vacancy. In addition to his position on Apple’s board, Drexler has been the CEO of J.Crew since 2003. Prior to that, he was the CEO of Gap.
Cisco Exec Joins Comcast as SVP, Premises Technology
Comcast appoints Ken Klaer as Senior Vice President, Premises Technology, leading the team that develops innovative CPE devices used to deliver Comcast's video, voice, data and cross-platform applications in customers' homes. Klaer comes to Comcast from Cisco, where he most recently was part of their Service Provider Video Technology Group as Senior Director, Business Development Connected Devices BU. Prior to that he held key senior management roles at Scientific Atlanta, which was acquired by Cisco.
Apple’s Retiring CFO Oppenheimer Joins Goldman Sachs’ Board
Goldman Sachs appointed Peter Oppenheimer as an independent director of the firm. Oppenheimer is SVP and CFO of Apple, and is retiring from the company in September. Before his current role, he was SVP and Corporate Controller and prior to that, he served first as Senior Director of Finance and Controller for the Americas, then as VP and Controller of Worldwide Sales and later as VP and Corporate Controller. Before joining Apple, he was the Divisional CFO of Finance, MIS, Administration and Equipment Leasing Portfolio at ADP and was a consultant within the IT Practice at Coopers & Lybrand.