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!
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.
Oracle Adds Former Defense Secretary as Director; Appoints President and Head of Office Retail
Oracle elected the Honorable Leon Panetta, 76, former U.S. Secretary of Defense and former Director of the Central Intelligence Agency, to the company's Board. Secretary Panetta served in the Obama Administration as U.S. Secretary of Defense from 2011 to 2013 and as Director of the Central Intelligence Agency from 2009 to 2011. Previously, he was White House Chief of Staff and Director of the Office of Management and Budget under President Bill Clinton, and member of the U.S. House of Representatives representing California's 16th district.
Apple Director Won't Seek Re-Election; Company Hires HP Veteran and Burberry Exec to Leadership Team
J.Crew CEO Millard “Mickey” Drexler, 70, who has served on the Board since 1999, notified the Board of his intention to retire at the end of his current term. His role will end in March; no one has been named to fill the vacancy. In addition to his position on Apple’s board, Drexler has been the CEO of J.Crew since 2003. Prior to that, he was the CEO of Gap.
Oracle Veteran Assumes CFO Title
Oracle announced that Oracle President Safra Catz, 49, will assume the additional responsibility of CFO. Catz's appointment follows the resignation of the company's current CFO, Jeff Epstein, 53. The company announced that Catz's appointment is permanent. Catz joined Oracle Corporation in April 1999 and has been President since January 2004. She has been a member of Oracle's Board of Directors since October 2001. She previously served as the company's CFO from November 2005 to September 2008. Catz also serves as a non-executive Director of HSBC Group, a position she has held since May 2008. Prior to Oracle, Katz worked for Donaldson, Lufkin & Jenrette as a Managing Director.