Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of January 2017.
The average length of time the CEO searches have been open is 5.5 months, up from 5 months in 2016. There is little variance across geographies.
Total Tech CEO Roles Open: 87
New Tech CEO Appointments: 92 (4 women – 4.3%, 88 men)
AT&T Adds Chairman and CEO of KeyCorp as Director
AT&T has named Beth E. Mooney, 58, chairman and CEO of KeyCorp, to its board of directors. Mooney joined KeyCorp in 2006 as vice chairman and head of Key Community Bank and served as president, COO and executive director from 2010 to 2011, when she was named CEO. Prior to her most recent position as Senior EVP and CFO for AmSouth Bancorporation (now Regions Financial Corporation), Mooney ran its banking operations in Tennessee and Northern Louisiana. Mooney also completed other line assignments of increasing responsibility at Bank One Corporation, Citicorp Real Estate, Inc., Hall Financial Group and Republic Bank of Texas/First Republic. At Bank One, she served as Regional President in Akron and Dayton, and then as President of Bank One Ohio, managing major markets throughout the state.
Senior Executives Step down from Nokia
Three of Nokia’s senior executives - Jerri DeVard, EVP and CMO, Mary McDowell, EVP of mobile phones, and Niklas Savander, EVP of Markets, are stepping down from their current roles.
Chairman of Emerson Electric on IBM Board
IBM announced that it has elected David Farr, 56, to the company’s Board of Directors. Currently, Farr is the Chairman and CEO of Emerson Electric. He also sits on the boards of the Boy Scouts of America and the Municipal Theater Association of St. Louis. He has been with Emerson for more than 25 years and has held a variety of roles, including SVP, COO, Manager of Investor Relations, VP of Corporate Planning and Development, President of the Ridge Tool Division, and Group VP for the Industrial Components and Equipment Business. Earlier in his career, Farr served as a director for the United Way of Greater St. Louis and DPH Holdings Corporation.