eSignature Co. DocuSign Board Shuffles after IPO: the Founder, & Chairman and xCEO and Three VCs Step Down. Four Others Named
Just after three months after its IPO, five of twelve of DocuSign’s board members are stepping down. The board appointed three others to the board, in addition to one that was appointed in March of this year.
July 10th, 2018
Welcome to our Technology CEO Transitions Newsletter.
We research and catalog all open technology CEO roles we can find (as of the end of June 2018) and also the latest appointments for the month of June 2018. We use CapitalIQ industry classifications and US census geographic regions.
There are 55 Open Tech CEO Roles and 89 Appointments. Here is their geographic distribution:
The following tech companies appointed CEOs in the month of June 2018:
More details below.
Intel announced that CEO Brian Krzanich, 58, has resigned. Robert Swan, 57, Intel’s CFO has been named as the interim CEO. Intel was recently informed that Krzanich had a past consensual relationship with an Intel employee. A subsequent investigation resulted in the resignation. Outside of the affair, Kraznich’s reputation suffered as a result of two 2017 events: (1) the scary security flaws in two chips, named Meltdown and Spectre, and (2) Krzanich’s stock sale of $24m, ahead of the security flaws being made public.
Ultimately, Intel’s first quarter results in 2018 were very strong, seemingly unaffected by the chips’ security flaws.
Themes in the Giant Tech Reorgs:
60 % of the Giant Tech companies promoted CEOs internally, while 40% hired CEOs externally. Cerner is the only company that hired a CEO externally and also made him Chairman. 100% of the newly named CEOs were men. (vs. 90-95% overall in a larger set of tech companies).
Apple Music Promotes Two
Apple has hired Google's former head of search and artificial intelligence John Giannandrea to lead the company's 'machine learning and A.I. Strategy.
The giant also has appointed International exec Oliver Schusser as VP of Apple Music and international content to oversee its music streaming business, relocating from the UK to California for the new position. With Oliver’s promotion, Apple marketing executive Tracey Hannelly will lead International for Apple music, which services 155 markets. She joined the company in 2007 beginning in Australia and New Zealand.
NBC Entertainment President Jennifer Salke has been named head of Amazon Studios. Salke will oversee all television and film production for Amazon's entertainment arm.
Facebook board: Jan Koum, 41, CEO of WhatsApp stepped down from the board over significant disagreements over privacy issues.
Joining Akamai’s board is Amazon’s CISO - Tom Killalea, 49.
LogMeIn has named Sara Andrews, SVP and Global CISO of PepsiCo to the company’s board of directors.