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.
Some basic stats:
19.7% of the new board seats went to women;
15.6% of the board seats removed were women held seats.
Most important hiring and departures from June 11 to August 25, 2017
Several technology vendors announced changes to their board of directors in the said time period. We have tried to capture the most important and interesting ones, categorizing them under few noticeable patterns.
Infosys’ CEO Vishal Sikka Steps Down; Interim CEO Appointed
Vishal Sikka, 50, has resigned as the MD and CEO of Infosys over differences with the founders on governance issues. Sikka will now be the Executive Vice-Chairman of the company. He joined Infosys in June 2014. He was the first CTO at SAP before joining Infosys. He is credited with accelerating SAP’s development processes, transforming its innovation culture and leading several successful product co-creation initiatives with clients.
The struggle between Infosys and its founders began in February this year after founder and former chairman Narayana Murthy accused the company of corporate governance lapses.
In the past couple of months, there are several companies that have multiple announcements, which we cover below. Some of the patterns:
Note: We covered Uber Technology Changes in a separate blog post as Uber itself has had too many changes
Kleiner Perkins’ Chief Product Officer Resigns from Amazon Board
William B. Gordon, 66, resigned as a director of Amazon after fourteen years on the board. Gordon stepped down so he could provide consulting services to the company for two years. Gordon is currently the Chief Product Officer at Kleiner Perkins Caufield & Byers. Bing also leads KPCB’s sFund, the investment initiative to fund and build applications and services that deliver on the promise of the social web.
Apple Hires Shiva Rajaraman to Boost its Video and Music Strategy
In a bid to boost its video and music strategy, Apple has hired former YouTube and Spotify executive, Shiva Rajaraman. Rajaraman spent 8 years at YouTube, working to secure licensed content from companies like Disney for streaming. After his tenure at YouTube, Rajaraman spent two years at Spotify working on its video and podcasting efforts, licensing content from Time Warner, Disney and NBC.
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.
Facebook CAO Decides to Resign; Company Appoints Former NBCUniversal Information Chief
Jas Athwal notified Facebook of his decision to resign from his position as the company’s Chief Accounting Officer after nearly nine years with the company. Athwal will continue to serve as the company's CAO until the company completes its year-end audit and file its Annual Report.
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.
Alibaba Appoints Former McKinsey Exec to Oversee Strategy and Investment Team in India
Alibaba appointed Madhur Deep as its SVP. In his new role, Deep will take care of strategy and investment team in India at Alibaba. Prior to this appointment, Deep worked for McKinsey as its Senior Engagement Manager.