Much activity happened in the past three months or so in the Giant Tech Companies. We have categorized these in roughly three categories: 

  1. Multiple complex changes, due to either massive restructurings, promotions from within, activist investors or stock troubles;
  2. Board and CEO changes or other Significant changes
  3. Changes by functional area: Presidents/COO/GMs, Sales, Marketing , Product and CFOs.
Published in Giant Tech Companies

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.

Board Moves

  • Activist Investor Not to Seek Re-Election to Microsoft Board; PepsiCo CFO to Join as Director - Microsoft board member D. Mason Morfit, 41, ValueAct Capital’s President and Chief Investment Officer, will not seek re-election. The board has appointed Hugh Johnston, 55, as Director. Johnston is vice chairman and CFO of PepsiCo. 
  • Salesforce Gets Influential Health Care Exec to Board - Bernard J. Tyson, 58, chairman and CEO of Kaiser Permanente, joined Salesforce’s board. 
  • Charles Giancarlo Resigns as ServiceNow Director - In connection with his appointment as CEO of Pure Storage, Charles Giancarlo, 60, resigned from the Board of ServiceNow. Former Avaya CEO.
  • Red Hat Announces New Chairman - Narendra K. Gupta, 68, co-founder of Nexus Venture Partners and long time director named as Chairman of the board. Succeeds retired U.S. Army Gen. H. Hugh Shelton, 75, who recently retired as chairman.
  • Constellation Software’s New Board Member Comes with Corporate Governance, Corporate Culture, And Corporate Law Preeminence - Constellation Software’s newest board member is Lawrence Cunningham, 55, Henry St. George Tucker III Research Professor at George Washington University Law School.
Published in Software Industry

Uber Selects Expedia Chief Dara Khosrowshahi for CEO Role Replacing Travis Kalanick

Uber Technologies voted to appoint Expedia’s CEO Dara Khosrowshahi, 48, as its new CEO, after an extensive executive search following Travis Kalanick resignation in late June this year.

Khosrowshahi has been the CEO and President at Expedia since 2005. He has served as a member of Expedia’s Board since completion of Expedia’s spin-off from IAC/InterActiveCorp in August 2015. Immediately prior to the IAC/Expedia spin-off, he was CEO of IAC Travel.  Before that, he had held a series of executive roles at IAC, including EVP and CFO, as EVP of Operations and Strategic Planning, and President of USA Networks Interactive. Prior to joining IAC in 1998, Khosrowshahi worked at Allen & Company from 1991 to 1998.

Published in Breaking News

Most important hiring and departures from June 11 to August 25, 2017

Several technology vendors announced changes to their board of directors in the said time period. We have tried to capture the most important and interesting ones, categorizing them under few noticeable patterns. 

Chairman Changes

  • Cerner Announces New Chairman after Sudden Demise of Chair/CEO Neal Patterson. Cerner announced that Neal Patterson, chairman and CEO, passed away on July 9, 2017, at 68 years of age, due to unexpected complications that arose after a recent recurrence of a previously disclosed cancer. Cerner Co-Founder and Vice Chairman of the Board Cliff Illig, 66, has been named chairman and interim CEO.
  • IDT Appoints Board Member Ken Kannappan as Chairman. Kannappan has served on IDT's Board since January 2015, after previously serving in the role of IDT Board Chairman from 2000 to 2008. John Schofield has resigned as Chairman in anticipation of his upcoming retirement. 
  • Acer Combines Chair-CEO Roles. Jason Chen was named Chairman in addition to his continuing role as CEO. George Huang steps down from the chairmanship but remains on the Board. Chen joined Acer in January 2014 as Corporate President and CEO.

Uber Technologies’ CEO Travis Kalanick, 40, has stepped down from his role. He will continue to serve on the board of directors.  Five of the major shareholders in the company – Benchmark Capital, Fidelity, First Round Capital, Lowercase Capital and Menlo Ventures, demanded the CEO’s resignation. 

Kalanick co-founded Uber in 2009 and led it to be the largest U.S. ride-hailing service and among the biggest globally. Prior to Uber, he co-founded Red Swoosh in 2001 that specialized in file-sharing technology and managed to sell it to Akamai Technologies for nearly $19 million in 2007. Before Red Swoosh, he co-founded Scour with his UCLA batch mates in 1998 which offered an Internet search engine and file-sharing services.

Published in Breaking News
Thursday, 15 June 2017 15:41

Uber Leadership Shakeups & Key Open Roles

Uber Technologies’ month's long investigation into its own culture has now extended into its most senior ranks.  

The Holder Investigation Findings. On Tuesday morning (June 13th, 2017), former US Attorney General, Eric Holder and his law firm issued a report with 13 recommendations, as published by the New York Times Link to Eric Holder's Report Recommendations by NYT). The recommendations included transferring some of the CEO’s responsibilities to the COO and appointing an independent Chairman.  

Uber Technologies’ CEO Travis Kalanick, 40, has stepped down from his role. He will continue to serve on the board of directors.  Five of the major shareholders in the company – Benchmark Capital, Fidelity, First Round Capital, Lowercase Capital and Menlo Ventures, demanded the CEO’s resignation. 

Published in Breaking News

Google’s Head of Enterprise Apps to Run Virtual Reality Business

Amit Singh, the president of Google for Work, the company's unit that sells its suite of apps to other companies, is now leading business and operations for Google's nascent virtual reality division. Singh, a former Oracle sales exec, has lead Google for Work since 2010. 

Published in Digital Media

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.

Published in Digital Media

Yahoo! CISO Alex Stamos Joins Facebook

Yahoo’s CISO Alex Stamos joined Facebook as Chief Security Officer. Stamos had joined Yahoo! a year back and led what the company refers to as its team of "Paranoids". Stamos is the former CTO of Artemis, a division of NCC Group. He is also a co-founder and partner at iSEC Partners, a strategic digital security organization. He is an experienced security engineer and a leading researcher in the field of web application and mobile security. 

Google Executives Join Facebook, Dropbox, Uber and Cloudera

Facebook has hired Frank Lawrence, Google’s Chief Compliance Officer, in an unknown role. At Google his responsibilities included compliance program design and implementations for all new products using Google Payments and features to optimize the user experience and mitigate fraud and compliance risks.

Published in Digital Media
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