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.
How to structure the leadership of large corporations – and specifically whether to split or combine the roles of Chairman and CEO – remains an active and often controversial question.
Under recent shareholder pressure, Walt Disney Company preemptively amended its corporate governance guidelines to require the board of directors to provide annual justification whenever the roles are combined, as they currently are. At Disney and an increasing number of major corporations, the board is obligated to revisit the structure question on a regular basis.
Intel Security CTO joins Blue Coat as COO
CTO Michael Fey has left Intel Security Group to become President & COO at Blue Coat Systems, a privately owned network security company. He was EVP, CTO, and general manager of corporate products at Intel Security. Fey also managed business operations and strategy for corporate product business units at McAfee, part of Intel Security. Previously, Fey was SVP of advanced technologies and field engineering with McAfee. An industry veteran, Fey has held leadership positions with Opsware, Mercury Interactive, and Lockheed-Martin.
Campbell CEO Joins MetLife’s Board
MetLife named Denise M. Morrison, 60, President and CEO of Campbell Soup since 2011, to its board of directors. Morrison joined Campbell in 2003 and has held a variety of executive positions, including EVP and COO, and President of Global Sales and Chief Customer Officer. Prior to joining Campbell, Morrison served for eight years in various leadership roles at Kraft Foods, Nestle USA, PepsiCo, and Procter & Gamble. In 2012, she was named to President Barack Obama's Export Council.
GE Appoints China CTO for Global Research
GE announced that Xiangli Chen, 49, has been appointed VP, China Technology Center, Global Research. He also serves as VP and CTO of GE China. Xiangli has been with GE for 19 years, holding several technology leadership roles, including serving as general manager of the China Technology Center and general manager of global technology for GE Healthcare in China.
Royal Dutch Shell Elects Former Standard Chartered Exec and ADM CEO as Non-executive Directors
Royal Dutch Shell elected Euleen Goh and Patricia A. Woertz as Non-executive Directors. Euleen Goh is a chartered accountant with professional qualifications in banking and taxation. She is a Non-executive Director of DBS Group Holdings Ltd and DBS Bank Ltd, CapitaLand Limited and SATS Ltd. She is also Non-executive Chairman of the Singapore International Foundation, a not-for-profit organisation that seeks to nurture active global citizens. Previously she held various senior management positions with Standard Chartered Bank and was CEO of Standard Chartered Bank, Singapore.
Coca-Cola Nominates Expert on Health, Global Development and Humanitarian Issues to Board
The Coca-Cola Company named Helene D. Gayle, M.D., M.P.H., 57, to the Company’s Board of Directors. She is President and CEO of CARE USA, a leading international humanitarian organization whose poverty fighting programs reached approximately 122 million people last year in 84 countries.
News Corporation's CTO to Serve in Same Capacity at its Proposed Publishing Company
Paul Cheesbrough, currently News Corporation's CTO, will serve in the same capacity for the new proposed publishing company of News Corp. Mr. Cheesbrough was previously the CIO at News International, where he was responsible for the organization's technology strategy, delivery, transformation programs and digital products. Before joining News International, he served as CIO at the Telegraph Media Group, and prior to that was Controller of Digital Media for the BBC.
PepsiCo Appoints Former 3M CEO to Board
PepsiCo elected Sir George Buckley, 65, to its Board of Directors. He assumed the role of Chairman of Arle Capital, a private equity firm, earlier this year. Formerly he served as Chairman, President and CEO of 3M Company, and Chairman and CEO of Brunswick Corporation, a multi-billion dollar boat and recreational product manufacturer.
JP Morgan Exec on Philip Morris Board
Philip Morris International named Kalpana Morparia, 58, to its Board of Directors. Currently, Morparia serves as JP Morgan’s India CEO. She also sits on the board of Dr. Reddy’s Laboratories, an integrated global pharma company, and CMC, a leading Indian systems engineering and integration company. Before joining JP Morgan, Morparia was MD of ICICI Bank, India’s second largest bank. She also served as Vice Chair of ICICI’s Insurance and Asset Management Business. She was named one of "The 50 Most Powerful Women in International Business" by Fortune Magazine in 2008.