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Tuesday, 19 October 2010 15:00

3Q Trends in Tech Board & Exec Changes

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In the third quarter 2010, overall public company CEO and CFO departures become more rare. Liberum Research shows a 27 percent drop in third quarter 2010 CEO changes and an 8 percent dip in CFO changes. Overall, C-suite changes declined 32 percent in the third quarter over the year-ago period.

Still, there is plenty of activity in other executive management ranks. Hot skill sets sought after during the third quarter include:

  • Online business-to-consumer: eBay, Dell, Activation Blizzard, Akamai, Logitech and countless others made executive moves that show they understand the importance of capturing online consumers.
  • Online payments: Amex and Tier Technologies are two companies whose recent hires demonstrate an understanding that the online payment space is heating up.
  • Mobile and security: The demand for experience in these sectors is manifesting in companies as diverse as F5 Networks, Real Networks and Isolon.
  • Business Intelligence: Analytics remain a core focus, with companies like Teradata making key hires on this front.

Public sector experience and communication with D.C. was a running theme in third quarter. Tech companies are moving to beef up teams, adding retired U.S. Generals to their boards, and placing savvy senior executives in charge of government relations. Last quarter’s theme of separating the Chair and CEO roles continued over the past three months. All the while, storage companies made plenty of changes at the board levels. This appears more like an effort to grow and add skills than restructure as the market becomes more competitive.

We are adding additional entries to our blog over the next couple of weeks that support these themes within the management teams of smaller companies and other different roles in the larger companies. We also invite you to read our latest newsletter here.

Read 747 times Last modified on Monday, 27 July 2020 14:01
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,, 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.

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