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.
JPMorgan Chase Announces CIO Changes
JPMorgan Chase promoted Lori Beer to CIO for corporate and investment banking. She remains managing director of global technology, overseeing banking operations, including investment banking and treasury services. Her predecessor, Mark Ashton-Rigby, is leaving for Barclays Plc.
Facebook Appoints New Leader for Infrastructure Connectivity and Investments; Names Geographic Leaders
Facebook has hired Kevin Lo, the former GM for Google Fibre, as its new director of infrastructure connectivity and investments. The appointment shows Facebook is expanding its Internet connectivity plans as Lo will work with Facebook's external partnerships, such as the fibre-optic cable deal Facebook made with Microsoft, which aims to provide stronger Internet connectivity to densely populated urban areas.
Apple’s Car Project Leader Is Leaving; Makes New Leadership Appointments
Steve Zadesky, the veteran Apple executive overseeing the company’s electric car project is leaving. Zadesky, a former Ford Motor engineer who has overseen the car project for the last two years, and who tripled the size of Apple’s automotive team, is leaving the company for personal reasons. Zadesky spent nearly 17 years at Apple, where he built and led the teams for the first iPod, first iPhone, all subsequent iPhones and iPods and hundreds of Apple accessories.
Google Search Chief to be replaced by Artificial Intelligence Head; Company Names Leader for Newly Created Virtual Reality Arm
Google parent Alphabet said Amit Singhal, the longtime chief of its Internet search business, will leave the company and be replaced by the head of the technology giant's artificial intelligence business. John Giannandrea, currently a VP of engineering, will replace Singhal, a 15-year Google veteran. The appointment of Giannandrea, who joined Google in 2010, underlines the growing importance Silicon Valley is attaching to artificial intelligence technology. Giannandrea led Google's machine learning efforts, applying the technology to products such as image recognition for Google Photos search and the smart reply for Google Inbox.
BT Group Appoints CEO of BT Technology, Service and Operations and Group CIO
BT Group has appointed Howard Watson as the CEO of BT Technology, Service and Operations and Group CIO. Watson is currently BT Chief Architect and MD Global IT Platforms, and will replace Clive Selley, who is taking over as CEO of Openreach. BT TSO manages the company's internal and external platforms, including TV, Mobile and Conferencing, as well as BT's R&D unit at Adastral Park, Suffolk.
Verizon Appoints Aetna Chair/CEO as Director
The Board of Directors of Verizon Communications elected Mark T. Bertolini, 59, as a Director. Bertolini is Chairman and CEO of Aetna. Prior to assuming the role of Aetna’s CEO in 2010 and Chairman in 2011, Bertolini served as President from 2007, and as EVP and head of Aetna’s regional businesses prior to that. He joined Aetna in 2003 as head of Aetna’s Specialty Products after holding executive positions at Cigna, NYLCare Health Plans and SelectCare.
Apple Announces Multiple Leadership Changes
Apple announced that Jeff Williams has been named COO and Johny Srouji is joining Apple's executive team as SVP for Hardware Technologies. Phil Schiller, SVP of Worldwide Marketing, will expand his role to include leadership of the revolutionary App Store across all Apple platforms. Apple also announced that Tor Myhren will join Apple in the first calendar quarter of 2016 as VP of Marketing Communications, reporting to CEO Tim Cook.
Apple Appoints Former Boeing CFO to its Board
Apple appointed James Bell, Boeing's former CFO, to its board. Bell, who was Boeing's CFO from 2003 to 2012, is on the board of several other companies, including JPMorgan Chase and Dow Chemical. He also served as Boeing's interim CEO for several months in 2005 after the aircraft maker fired CEO Harry Stonecipher.
Google Appoints CEO of the Self-Driving Car Project; HR VP Leaves to Join SoftBank
Industry veteran John Krafcik will join Google as CEO of the Self-Driving Car Project as efforts intensify to get autonomous vehicles on the road. Krafcik is a well-respected executive and engineer, known for using data to drive decisions as well as experience in a broad range of fields including sales and marketing, product development, technology and manufacturing. Krafcik takes over the project as the team works to better understand public perception of self-driving cars and how they will use them in their everyday lives and commuting. Google is moving from equipping conventional cars for testing to designing and building its own fleet of driverless cars for evaluation. The internet company is making the prototypes in Livonia.