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.
Ericsson Announces New Structure with Two Business Units Focusing on IT & Cloud Business
Ericsson announced a series of organizational and structural changes to strengthen strategy execution to drive growth and profitability. The company will have two business units focusing on the IT & Cloud business: BU IT & Cloud Products, headed by Anders Lindblad, SVP, Head of Business Unit IT & Cloud Products and a member of the ELT. BU IT & Cloud Services, headed by Jean-Philippe Poirault, SVP, Head of Business Unit IT & Cloud Services and a member of the ELT.
Microsoft Expands Board by Appointing Activist Investor
Microsoft appoints Mason Morfit, president of ValueAct Capital, to the company's board. ValueAct Capital is a San Francisco-based investment firm with a $2 billion stake in Microsoft, which entered into a cooperation agreement to have Morfit join the board. Before joining ValueAct Capital in early 2001, Morfit worked in equity research for Credit Suisse First Boston. He is also a director of Valeant Pharmaceuticals International and a former director of Advanced Medical Optics, C. R. Bard, Immucor, MSD Performance and Solexa.
AT&T Appoints Chief Medical Adviser for Mobile Health Strategy
Eric Topol has been named chief medical adviser at AT&T. In the new role of Chief Medical Advisor, Topol will offer strategic guidance as the company adds mobile devices and mHealth products and services. In addition to his duties at AT&T Topol will continue to serve as the the Chief Academic Officer at Scripps Health and as the editor-in-chief of Medscape. Before moving to Scripps Topol had been the chairman of cardiovascular medicine at the Cleveland Clinic. Topol, along with Robert Califf, was the leading force behind the highly influential GUSTO trials and their predecessor, the TAMI trials.
Microsoft Names New Chairman as Bill Gates Steps Down
Microsoft announced that Bill Gates, 58, previously Chairman of the Board, will assume a new role on the Board as Founder and Technology Advisor, and will devote more time to the company, supporting Nadella in shaping technology and product direction.