The Priceline Group Announces CEO Changes
The Priceline Group reported that Glenn Fogel, the company's current Head of Strategy and Executive Vice President of Corporate Development, has been named CEO of the company. Current Interim CEO and non-Executive Chairman of the Board Jeff Boyd, who served as the company's CEO from 2002-2013, Chairman of the Board since 2013 and Interim CEO since April of 2016, will assume the role of Executive Chairman.
Walmart Gets a New CIO and Shuffles Tech Execs as it Moves More towards E-Commerce
Wal-Mart names GE Power’s Clay Johnson CIO and EVP for global business services, part of a larger reorganization of its corporate IT and e-commerce groups. The Global Business Services division combines cybersecurity, back-office solutions and global shared services groups. Johnson succeeds CIO Karenann Terrell, who is leaving after five years in the position. Before joining GE, Johnson was VP of IT at Boeing.
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.
Alibaba Appoints Former McKinsey Exec to Oversee Strategy and Investment Team in India
Alibaba appointed Madhur Deep as its SVP. In his new role, Deep will take care of strategy and investment team in India at Alibaba. Prior to this appointment, Deep worked for McKinsey as its Senior Engagement Manager.
Amazon.com Appoints Founding Dean and Vice Provost of Cornell Tech as Director
Amazon.com elected Daniel P. Huttenlocher as a director of the company. Huttenlocher has been founding Dean and Vice Provost, Cornell Tech at Cornell University since 2012, and has worked for Cornell University since 1988 in various positions. Huttenlocher has served as a director of Corning since February 2015.
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.
Siam Commercial Bank Appoints Technology and Operations Group Head
Siam Commercial Bank (SCB) appointed Banesh Prabhu, who recently joined the company, as Senior EVP and Head of the bank's Technology and Operations Group. Joining SCB earlier this year, Prabhu is a technology management and financial solutions veteran with over 30 year’s experience with international financial firms and institutions. Prabhu held several senior global roles in operations and technology in Citibank for 23 years where he was responsible to develop strategy and manage implementation of global delivery and servicing clients in international markets. He has also been a key investor in a few start-ups as an entrepreneur.