The software industry is witnessing rapid transformation – from increasing shareholder activism to more diverse boards, from geographic expansion to acquisitions - the following board and leadership moves reflect all these trends. Here are the major changes from July 28th to September 23rd, 2017.
PayPal Appoints Airbnb Exec to Board
PayPal appointed Belinda Johnson to its board of directors. Johnson is a recognized attorney and business leader who has focused her talents on crafting and directing policies and strategies that enable high-growth, consumer-facing internet companies for more than two decades. Johnson is the Chief Business Affairs and Legal Officer at Airbnb.
Xerox Announces Board Changes
Xerox announced the appointment of Cheryl G. Krongard, a former senior partner with Apollo Management, to the Xerox board of directors. Krongard currently serves as a director on the boards of Legg Mason and Air Lease Corporation.
Broadcom Announces Board Changes
American fabless semiconductor company Broadcom appointed Check Kian Low as an independent director of the company and as the company's required Singapore resident director. Low will replace Lucien Y.K. Wong as a director on the Board, whose previously announced resignation from the Board. Low, 57, was one of the founding partners and a director of NewSmith Capital Partners.
Facebook CAO Decides to Resign; Company Appoints Former NBCUniversal Information Chief
Jas Athwal notified Facebook of his decision to resign from his position as the company’s Chief Accounting Officer after nearly nine years with the company. Athwal will continue to serve as the company's CAO until the company completes its year-end audit and file its Annual Report.
Palo Alto Networks Appoints Mary Pat McCarthy to Board of Directors
Palo Alto Networks appointed Mary Pat McCarthy to the company's board of directors. McCarthy brings more than 34 years of experience to this position. She most recently served as Vice Chair of KPMG.
Cisco Announces Board Changes
Cisco reported the appointment of Amy L. Chang, CEO and founder of Accompany, to its board of directors. Chang, is CEO and founder of Accompany, a relationship intelligence platform company.
Samsung Electronics Vice Chairman Jae-Yong Lee Joins Board
Samsung Electronics approved the nomination of Vice Chairman Lee Jae-yong to the electronics giant's board of directors. The approval enables the 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, to more actively participate and take formal responsibility in the company's important decision-making. The younger Lee joined Samsung Electronics in 1991.
Salesforce Names Keith Block as COO
Salesforce named Vice Chairman and President Keith Block, 54, its COO. Keith Block will continue to serve as vice chairman and president and serve as a member of Salesforce's board. Prior to joining Salesforce, Block served as Oracle's EVP of North America Sales and Consulting, leading a multi-billion dollar sales and services business-unit that achieved record revenue and margin during his tenure.