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.
Apple Announces Multiple Leadership Changes
Apple announced that Jeff Williams has been named COO and Johny Srouji is joining Apple's executive team as SVP for Hardware Technologies. Phil Schiller, SVP of Worldwide Marketing, will expand his role to include leadership of the revolutionary App Store across all Apple platforms. Apple also announced that Tor Myhren will join Apple in the first calendar quarter of 2016 as VP of Marketing Communications, reporting to CEO Tim Cook.
Wells Fargo’s CIO to Retire; Company Restructures Technology & Operations Group and Names New CTO
Wells Fargo & Company announced that Senior EVP Kevin Rhein, who serves as CIO and head of the Technology & Operations Group (TOG), and as a member of the company’s Operating Committee (OC), will retire at the end of March 2016 after more than 37 years with the company.
Citrix Appoints CMO from SAP; Microsoft Exec to Lead EMEA
Tim Minahan is joining Citrix as CMO. Minahan will be responsible for leading and evolving the Citrix marketing strategy to continue to drive the company’s vision of securely and reliably delivering applications and data. He comes to Citrix from SAP where he was CMO of SAP Cloud.
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.
Home Depot Names CISO from Time Warner
Home Depot, the do-it-yourself retailer that suffered a massive data breach last year, has hired Jamil Farshchi as its first chief information security officer. Farshchi will manage information security, data protection and vulnerability management. Farshchi most recently was CISO at Time Warner where he created a federated, risk-based security program. Prior to Time Warner, he was VP for global information security at Visa where he was responsible for protecting the company’s consumer payment card transactions, among other duties.
Intel Appoints Workday CEO to Board
Intel appointed Aneel Bhusri, 48, co-founder and CEO of Workday, to serve on the company's board. Bhusri co-founded Workday in 2005 and served as its co-CEO from 2009 and chairman from 2012 until May of this year, when he was named sole CEO. In addition, Bhusri serves as a partner at Greylock Partners, a venture capital firm. Previously, he held a number of leadership positions at PeopleSoft, including SVP responsible for product strategy, business development and marketing, and vice chairman of the board.
Intel Veteran Plans to Leave
Sean Maloney, 56, an Intel EVP once seen as a potential candidate to lead the chip maker, plans to retire in January 2013. He suffered a stroke in 2010 that temporarily sidelined him from management roles. But he recovered sufficiently to assume the position of Chairman of Intel China and make public appearances in Asia, where he had long helped to build the company’s relationships with makers and buyers of personal computers. In 2009, Mr. Maloney was named general manager in charge of business operations of the Intel Architecture Group. Mr. Maloney, who is British, joined Intel 30 years ago and held a number of positions in the U.S. and abroad, including chief sales and marketing officer. He was a technical assistant to Andy Grove, then former Intel’s CEO, who helped define many of Intel’s policies and wrote books on management.