Xerox Announces Board Changes
Xerox announced the appointment of Cheryl G. Krongard, a former senior partner with Apollo Management, to the Xerox board of directors. Krongard currently serves as a director on the boards of Legg Mason and Air Lease Corporation.
Broadcom Announces Board Changes
American fabless semiconductor company Broadcom appointed Check Kian Low as an independent director of the company and as the company's required Singapore resident director. Low will replace Lucien Y.K. Wong as a director on the Board, whose previously announced resignation from the Board. Low, 57, was one of the founding partners and a director of NewSmith Capital Partners.
Vodafone Welcomes Axel Springer’s Chair/CEO and Leading Media Industry Visionary in Board Shuffle
Vodafone appointed Dr. Mathias Döpfner, 51, Chairman and CEO of the German media group Axel Springer in Berlin, while long-time director Luc Vandevelde, 63, will stand down from the Board.
Target’s CIO Resigns; iCIO and CISO to be Appointed Shortly
Target’s CIO Beth Jacob is resigning as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach. Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India. Target will name an interim CIO to work through the transition. The company will also be elevating the role of the CISO and hiring externally for the position.
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.
EMC Appoints Symantec EVP as President of Newly-Formed Emerging Technology Products Division
EMC appoints Chirantan "CJ" Desai as President of the company's newly-formed Emerging Technology Products Division. The new division will develop and launch new products and grow new businesses based on emerging technologies, with a special focus on disruptive technologies. Desai most recently served as EVP of Information Management at Symantec. In this role, he was responsible for the company's backup and recovery, storage, cluster file system, high availability and archiving products. Prior to that, he served as SVP of the company's Endpoint and Mobility Group and also led engineering for the Endpoint and Message Security Groups.