Alphabet Appoints Well-known Economist and Former TIAA CEO to Board
Alphabet appointed Roger W. Ferguson, Jr., 64, to its Board of Directors. Ferguson is a respected leader in the economics and finance industries. Ferguson has served as the President and CEO of TIAA since April 2008. He joined TIAA after his tenure at Swiss Re, where he served as Chairman of the firm's America Holding Corporation, Head of Financial Services, and a member of the Executive Committee from 2006 to 2008.
Facebook Hires Google Exec to Head New R&D Group
Facebook hired Google's Regina Dugan to head up a new research and development group focused on hardware, called Building 8, part of a push by CEO Mark Zuckerberg to connect people in new ways, from messaging to virtual reality. Dugan, who leads the Advanced Technology and Products group at Alphabet's Google, is also a former director of the US military's Defense Advanced Research Projects Agency, and will bring DARPA-style development merging products and science to Facebook.
Google Taps Morgan Stanley's Ruth Porat as CFO; Changes at Google X and Google+ Units
Google hired Morgan Stanley CFO Ruth Porat, 57, as its own CFO. Porat has helped execute a sweeping cost-cutting strategy across several business lines at Morgan Stanley. She served as the Global Head of the Financial Institutions Group, Vice Chairman of Investment Banking, and Chairman of the Financial Sponsors Group. Porat began her career with Morgan Stanley in 1987 in the Mergers and Acquisition Department.
White House taps VMware exec Tony Scott as next U.S. CIO; Facebook’s Engineering Director Named IT Director
The White House has hired Tony Scott, currently CIO and SVP at VMware, as U.S. CIO. Scott joined VMware in 2013 to oversee the virtualization company's global IT group. Prior to VMware, Scott served as CIO at both Microsoft and The Walt Disney Company. Scott also served as CTO, overseeing information systems and services, at General Motors.
AT&T’s New Board Member is Former U.S. Ambassador to the European Union
AT&T has appointed William Kennard, 57, to its board of directors. Kennard was chairman of the Federal Communications Commission (FCC) and U.S. Ambassador to the European Union. Kennard’s career spans more than three decades in law, telecommunications and private equity. In addition to his service as chairman of the FCC, he served as general counsel. He was managing director of the global telecommunications and media group of The Carlyle Group, a leading global private equity firm.
Google Appoints SVP of all Google products; Couple of Senior Execs Leave
Sundar Pichai, SVP, Android, Chrome and Apps has been promoted as SVP of all Google products. This excludes YouTube. Earlier, Pichai served as VP of Product Management joining Google in 2004. Before that, he held various engineering and product management positions at Applied Materials, and was a Management Consultant with McKinsey for a variety of software and semiconductor clients. He served as a Director of Jive Software as a Member of Board of Advisors at Ruba.
Hewlett-Packard to Split into Two Companies – HP, Inc. and HP Enterprise
Hewlett-Packard plans to break in two, separating its printing and personal systems businesses from its corporate hardware and services operations. The company will cut another 5,000 jobs in the process of carrying out the breakup. Meg Whitman, 57, is slated to be chairman of the PC and printer business, to be known as HP Inc., and CEO of the other company, to be called Hewlett-Packard Enterprise.
Executive Reorganization at Microsoft
Microsoft announced that Robert Wahbe, the Corporate VP of the Server & Tools Marketing Group, has resigned from the company. Wahbe has been with the Server and Tools Group during his entire tenure at Microsoft. He joined Microsoft in 1996 after Microsoft acquired Colusa Software, a startup which he founded. Takeshi Numoto, the former Corporate VP of the Microsoft Office Product Management Group, has assumed Wahbe’s former title. Numoto joined Microsoft in 1997 as a Business Development Manager on the Windows NT Program Management Team.
Board Shuffle at Apple
Apple has appointed Arthur Levinson, 61, as Non-Executive Chairman of the Board. Levinson, a molecular biologist, is the Chairman & former CEO of Genentech. He has been on the Apple board since 2000 and has been the Co-Lead Director since 2005. Levinson also serves on the board of Roche, Amyris, and NGM Biopharmaceuticals.