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 

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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

Vell Executive Search captures the most recent female board appointments in tech, from September 17 to November 22, 2017.

Tech Giants Welcoming Women on Board

eBay appoints Adriane Brown and Diana Farrell to its Board - Ms. Brown, 59, is former CEO, Honeywell Transportation Systems. Ms. Farrell, 59, is the Founding President and CEO at JPMorgan Chase Institute, a global think tank and former McKinsey.

Fidelity National Information Services Appoints Louise M. Parent, 67, as Director - A former EVP and general counsel of AmEx, Parent has more than 35 years of experience in the financial industry. Parent retired from American Express in 2013.

Square Announces Ai Expert Anna Patterson, 52, as Newest Board Member - Patterson is the Founder and Managing Partner at Gradient Ventures, google’s AI focused venture fund.  Patterson is also VP of Engineering at Google and most recently helped to integrate AI into products across Google.

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.

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.

Microsoft Names LinkedIn’s Kevin Scott as CTO

Microsoft has named Kevin Scott to a newly created role of CTO for the company. This is an expansion of Scott's new role at LinkedIn as SVP of Infrastructure. Prior to his role as SVP of Engineering and Operations at LinkedIn, Scott held a number of engineering leadership roles at Google and AdMob. While pursuing a Ph.D. in computer science at the University of Virginia, Scott was an intern with Microsoft Research in 2001. Scott is an adviser to several Silicon Valley startups, an active angel investor and founder of the nonprofit organization Behind the Tech.

Published in Software Industry

Adobe Hires Shutterstock Exec to Lead its Creative Cloud Business

Scott Braut will be new head of content at Adobe, to drive overall content strategy and operations for its Creative Cloud business. Most recently, Braut served as VP of content for Shutterstock. Prior to that, he served as GM, Video/Footage and General Manager, Bigstock at Shutterstock. Earlier he served as Senior Product Manager at ABC News Digital and Senior Director, Product Management at Digital Railroad.

Published in Software Industry

New CAO at Rackspace Hosting

Rackspace Hosting, a cloud computing and hosting provider, appointed Joe Saporito as Chief Accounting Officer. Before this appointment, he served as EVP & CFO at Carriage Services, a funeral home services provider. Prior to Carriage Services, Saporito was a Partner at Arthur Andersen. Currently, he serves on the Board of Directors at US Dataworks.