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Sunday, 17 June 2018 09:13

CEO Successions in Giant Tech Companies - 1H2018 Featured

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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).

Internally Promoted CEOs

  • Micro Focus: Chris Hsu steps down immediately as CEO after lower revenue projections; Stephen Murdoch, currently the COO, becomes CEO and rejoins the board with immediate effect.
  • Texas Instruments: COO Brian Crutcher Promoted to CEO at Texas Instruments. Texas Instruments appointed EVP, COO & Director Brian T. Crutcher, 44, to the position of President and CEO succeeding Richard K. Templeton, 58. Templeton will remain Chairman of the Board. 
  • T-Mobile US: John Legere, 59, President T-Mobile US is named CEO and board member. 
  • Vodafone: Vittorio Colao, 56, departure as Vodafone Group CEO, after ten years at the helm. He will be succeeded by group CFO, former UK CEO and former CEO of Africa and Asia Pac, Nick Read, 52.
  • Sprint: hired COO of Altice Michel Combes and replaced CFO Tarek Robbiati, who left Sprint. As of May 2, 2018, Michel Combes was named CEO. 
  • Cogeco: Philippe Jetté was named CEO of both public companies (Cogeco Inc. and Cogeco Communications). He was most recently the President of Cogeco Peer1, a subsidiary of Cogeco Communications. He has also served as SVP and CTO of Cogeco Communications and is a former Bell Canada executive. Louis Audet, former CEO, is becoming Chairman. 

 

Externally Sourced CEOs

  • Black Knight: Anthony Jabbour, 49, is the new CEO and was most recently Fidelity National Information Services, and joins the board; Tom Sanzone.56, the former CEO will become the company’s Vice Chairman of the Board and will assist with the transition. 
  • Nuance Communications: Mark Benjamin, 46, is the new CEO, formerly President & COO, NCR Corp. succeeding CEO since 2000, Paul Ricci, 61, who is retiring.
  • Infosys: Salil Parekh, 53 a former executive of Capgemini joined as CEO.
  • Fleet Management Software Omnitracs, a Qualcomm subsidiary, appointed Ray Greer, 54, as CEO. Most recently President of BNSF Logistics. He has had exec roles at Greatwide Logistics Services, Newgistics, Ryder Logistics and FedEx. Omnitracks with a focus on emerging industry trendslike big data analytics and artificial intelligence. 

 

Read 1028 times Last modified on Friday, 05 June 2020 15:10
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com

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