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.
Samsung Electronics Vice Chairman Jae-Yong Lee Joins Board
Samsung Electronics approved the nomination of Vice Chairman Lee Jae-yong to the electronics giant's board of directors. The approval enables the 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, to more actively participate and take formal responsibility in the company's important decision-making. The younger Lee joined Samsung Electronics in 1991.
Adobe CAO to Retire
Adobe announced that retirement of Richard Rowley as Corporate Controller and Chief Accounting Officer of Adobe following 10 years of service. Rowley currently expects to remain in his role until January 31, 2017. Rowley has been the Chief Accounting Officer, VP and Controller at Adobe since November 2006. Rowley was previously employed as Treasurer, CAO, VP & Controller by Synopsys.
SAP Appoints Divisional Execs; Appoints Execs to Executive Board
SAP appointed Achim Schneider as global head of the Retail Industry Business Unit. Schneider brings to his current role over 17 years of experience in Retail Industry solutions with SAP. In his most recent position as global VP he led the Global Supply Chain team and Fashion team.
Microsoft Goes Through More Senior Leadership Changes
David Sacks, Corporate VP of Office Division left. Sacks is social enterprise start-up Yammer’s founder and former CEO, which was acquired by Microsoft for $1.2 billion. Sacks was previously the COO of PayPal until its acquisition by eBay. Subsequently, he founded Geni.com, a family tree building and networking website.
Acer’s Board Elects New Chairman
Acer elected the company founder, Stan Shih, as Chairman and interim Corporate President. Shih chaired Acer until his retirement late in 2004. Shih founded Acer (originally named as Multitech, but later changed to Acer in 1987) in 1976. Shih is also the founder and is a Partner of iD Innovation. In 1972, he helped establish Qualitron Industrial, and led the team that designed the world's first pen watch. He began his career at Unitron Industrial Corp. in 1971 and successfully designed, developed and commercialized Taiwan's first desktop calculator.
Microsoft Promotes Strategy and Research Leaders; Consumer Apps & Services CMO and Bing Engineer Leave
Eric Rudder will take on a newly created role as EVP, Advanced Strategy, and Harry Shum will take on Rudder’s current responsibilities as EVP, Technology & Research. Rudder has led Advanced Strategy & Research group for the past year.
Verizon Adds Board Member
Verizon elected Kathryn A. Tesija, EVP of merchandising and supply chain at Target, its Board of Directors. Tesija joined Target in 1986 and has held a variety of leadership positions within merchandising. She is a member of Target's executive committee and currently oversees all merchandising functions, including product design and development, sourcing, inventory management, merchandising systems, presentation and operations, as well as the company's global supply chain.
IBM Chairman to Retire; CEO to add Chairman’s Role
IBM President and CEO Ginni Rometty, 55, is taking on the added role of chairman, as Sam Palmisano, 61, prepares to retire. Palmisano will become a senior adviser until he retires at the end of the year. Palmisano served as CEO between 2002 and 2012, and has been Chairman since 2003.
Microsoft Director not to seek re-election; Company Appoints Ex-CBS Exec to Run Entertainment
Raymond V. Gilmartin, 71, Microsoft board member, decided to not seek re-election. He is the former chairman, president and CEO of Merck & Co. He joined the company’s board in 2001. He served as Becton Dickinson and Company’s CEO, President and Chairman from 1989 to 1994, joining the company in 1976 as VP of strategic Planning. An active participant in health industry affairs, he served as the Chairman of the Healthcare Institute of New Jersey. He serves as Member of the Business Roundtable and the Business Council. He was appointed by President Bush in 2003 as a Member of the President's Export Council.