There were 112 appointments, of which eleven were Chairman Appointments, and 29 total departures, with a split as follows:
Q1 - 17 Appointments, 8 departures
Q2 - 24 Appointments, 9 departures
Q3 - 36 Appointments, 8 departures
Q4 - 35 Appointments, 4 departures
Out of the departures, there were 20 total resignations and nine retirements.
In terms of diversity:
1. There were 29 women directors appointed, or close to 26% of the total appointments. Four women left or about 13% of the departures.
2. The diversity prize, in my opinion, goes to Sprint for appointing a Hispanic female to its board. This is a very rare category for technology board members.
3. The telecommunications services board appointments also deserve special mention, as they were predominantly female in 2013.
4. Finally, Advent software had the sole female Chairman appointment.
We observed five patterns in the 2013 Board appointments:
1. More CIOs/CTOs and Engineering execs: there is an increasing number of technology function execs on boards, CIO/CTOs and Engineers. Microsoft’s former Chief Software Architect, Ray Ozzie, was appointed to HP’s bnt a customer set, or help companies think through complex strategic technology decisions.oard. Riverbed technology welcomed Intel’s CIO and a Microsoft R&D vet. We expect this pattern to continue; these new board members either represe
2. Functional Diversification: we have observed a diversification of functional experience, although the traditional CEOs and CFOs continue to be well represented. Academics joined the likes of Facebook, Match.com’s SVP of strategy joined Rackspace, Qualcomm welcomed a diplomat, and salesforce an ambassador, with strong legal chops.
3. Normalized ages: Unlike prior years, ages were more normalized. There are still appointments that are not within the norm, such as the 73 year old Lead independent director at Accenture. I think that age diversification is good in general and that individual capacity should outweigh any other measure.
4. Lack of industry cross-pollination: Industry expertise/diversification is low, except for the Telecom Services sector. A handful of executives (non-CIO/CTO) came from other industries, which include automotive, retail, and public sector executives were appointed. However, the presence of other industries was remarkably absent.
5. Lack of deep Global experience: Deep global expertise is making an appearance. I would have expected more than that in light of the global nature of most of these companies.
Sections in this newsletter examine in some detail the following:
New 2013 Chairmen: New Chairmen were appointed in nine companies. Accenture and Fortinet combined the roles and Symantec and e*Trade split the roles. Former execs and founders were appointed at Infosys, Fortinet, and Advent. See Section on New 2013 Chairs.
Boards with High Turnover: In addition to the Chair turnover, HP had two directors step down, on the advice of ISS, because of their role in the controversial Autonomy software acquisition; Yahoo’s extensive changes were associated with the departure of shareholder activists and their appointees; salesforce revitalized its board, after two long serving execs retired; e*trade saw a number of changes, after four years of un-profitable results; similarly Compuware appointed a new Chair and board members after an announcement of missing earnings targets. See section on Boards with High Turnover.
We also look at specific sectors, such as Digital Media, Software, Telecom Services, IT Services and Telecom Products.
Vell Executive Search
2013 Chairman Appointments
Two companies combined the Chair and CEO roles (Accenture and Fortinet); Two companies split the Chair/CEO roles (Symantec and e*trade) and six companies changed Chairs (HP, Yahoo, Infosys, Compuware, Advent, and Tellabs).
Former execs and founders are appointed as Chairmen:
• Infosys named its former founder, CEO as Chairman
• Fortinet appointed its founder and CEO as Chairman
• Advent founder and former CEO, the sole female Chairman appointee
HP Searches for New Chairman After ISS Pressure
Hewlett-Packard’s Chairman Ray Lane, 66, is stepping down from his role as Chairman. He has served as Managing Partner of Kleiner Perkins Caufield & Byers, a private equity firm, and also has served as President and COO and a director of Oracle, and as a senior partner at Booz Allen Hamilton. Lane and Rajiv L. Gupta, 68, the outgoing lead independent director remains on board. More details below on ISS’s advice to replace the Chairman and two of the board members.
Ralph V. Whitworth, 58, was named interim Chairman. He has also served as Chairman of Apria Healthcare Group and of Waste Management. He has served on the board of other public companies: including Mattel, Sirius Satellite Radio, Tektronix, Sprint Nextel, Wilshire Technologies, United Therma, Sovereign Bancorp, and Genzyme.
Accenture Appoints GM Veteran to Board; CEO Assumes Chairman Role
Accenture CEO Pierre Nanterme, 53, has assumed the additional position of chairman of the board. Sir Mark Moody-Stuart, 73, former Managing Director of Royal Dutch Shell, assumes the role of lead director. The combination of the Chairman/CEO roles fits the Accenture pattern of CEO transitions in the past.
Yahoo! Appoints Chairman and Board Shake-Up
Maynard Webb Jr, 58, was appointed Chairman. Webb served as CEO of LiveOps, a provider of cloud contact center services, president of technology, and then COO, of eBay, as well as the CIO of Gateway.
Infosys Appoints former CEO as Chairman
India-based software Services Company Infosys appointed N. R. Narayana Murthy, 66, its former CEO, as Executive Chairman of the Board. K. V. Kamath steps down as Chairman and becomes Lead Independent Director.
Symantec Splits Roles, Cuts 8% of Workforce, Stock Price Soars
Dan Schulman, 54, was named non-executive chairman while Steve Bennett, 57, remains CEO. Schulman has been president of American Express' Enterprise Growth group, served as president of Sprint's PrePaid Group and CEO of Virgin Mobile USA, and former CEO of priceline.com. Schulman also served as president of the AT&T Consumer Markets Division.
The Appointment was made early in 2013, and according to Business Insider, Symantec cut 1,700 workers to “re-tool” skillsets. The stock price has since soared.
E*TRADE Appoints Chairman After Pressure from Hedge Fund
Rodger A. Lawson, 66, was appointed as Chairman to replace Frank J. Petrilli, 61. Mr. Lawson most recently served as President of Fidelity Investments. Petrilli was interim CEO and does not wish to stand for re-election after four years of bad results and pressure from Citadel. More details below.
Fortinet Combines Chairman and CEO Role After Stellar Results
Ken Xie, 50, who was Fortinet's President and CEO, was appointed Chairman and CEO. Prior to co-founding Fortinet, he was the Founder, President and CEO of NetScreen.
Christopher B. Paisley, 60, is the Lead Independent Director.
Compuware Names Chairman After Disappointing Results
Gurminder S. Bedi, 66, has assumed the position of Chairman of the Board. Bedi has served as one of Compuware's directors since 2002. He is a private investor and formerly served as a VP of Ford Motor Company during a 30-year career there. Bedi also serves on the board of KEMET and Actuant.
Advent Software Names Former Founder as Chairman
Advent Software, the company that makes software designed to automate portfolio accounting for investment management firms, named Advent founder and former CEO Stephanie G. DiMarco, 54, as Chair of its Board of Directors. John H. Scully, 67, former Chairman, resigned from the Board.
Wendell G. Van Auken, 68, has been named Lead Independent Director. Van Aucken was CEO and founder of Sunset Designs, System Industries, and Infinitek. He started his career in manufacturing operations at Hewlett Packard.
Tellabs Transitions Chairman before Company Sale
Vincent H. Tobkin, 61, co-founder chairman of the board, succeeding the retiring Michael J. Birck. Birck had been diagnosed with leukemia and has now passed on. Tobkin has been a senior advisor and director at Bain & Co. General partner and a founder of Sierra Ventures.
Tellabs was sold later on October 2013.
Boards with High Turnover
Boards with high turnover are as a result either of disappointing results, shareholder pressure, or outstanding results and strategic re-positioning.
HP Turnover on Board – ISS Advises Shareholders Against Chairman & Two Directors
Hewlett Packard named its new interim Chairman to replace Ray Lane, as outlined above.
A major proxy-advisory firm urged shareholders to oppose the re-election of Chairman Ray Lane and two other directors, citing a failure of supervision around the company's $11 billion acquisition of U.K. software company Autonomy.
Institutional Shareholder Services, which advises big investors how to vote in corporate elections, criticized Mr. Lane and HP's two longest serving directors, John Hammergren, 53, and G. Kennedy Thompson,62, for how the big computer maker handled the 2011 deal.
Joining the HP Board:
• Robert R. “Dob” Bennett, 55, former president and CEO of Liberty Media Corporation;
• Raymond E. Ozzie, 57, former chief software architect of Microsoft;
• James A. Skinner, 67, former vice chairman and CEO of McDonald’s and current chairman of Walgreen, as new board members.
Leaving the HP Board:
• John H. Hammergren, 53, on HP’s board since 2005. He has served as Chairman of McKesson, as well as its President & CEO;
• G. Kennedy Thompson, 62, on HP’s board since 2006. Thompson has been a principal of Aquiline Capital Partners, a private equity firm, and has served as Chairman of Wachovia as well as its CEO.
Yahoo! Removes Three Activist Shareholder Board Members
In addition to appointing a Chairman, CEO, Marissa Mayer has been busy removing three activist shareholders. We look forward to seeing new board members Yahoo will appoint to replace them.
CEO Marissa Mayer and shareholder activist Dan Loeb, 51, CEO at Third Point investment fund who led the push to recruit her, are not parting on good terms, leading Yahoo to buy back 40 million shares.
Also, resigning are Third Point appointees to the board, Harry Wilson and Michael Wolf:
• Harry Wilson, 41, CEO of MAEVA Group, is a former Treasury Department official and President Obama's Auto Industry Task Force and hedge fund executive;
• Michael Wolf, 51, Managing Partner of ACTIVATE, a technology and strategy firm and former President and COO of MTV Networks.
Salesforce Appoints Diversified Board
Salesforce.com named three board members:
• John V. Roos, former U.S. Ambassador to Japan, also served as CEO of corporate and securities law firm, Wilson Sonsini Goodrich & Rosati;
• Robin Washington, 50, CFO of Gilead Sciences;
• Keith Block, 52, President and Vice Chairman, salesforce and formerly Oracle’s EVP, North America. Benioff, founder and CEO of salesforce, calls Block “one of the best…. executives the enterprise software industry has ever seen”.
Stepping off the board:
• Stratton Sclavos, 51, former president and CEO of VeriSign;
• Shirley Young, 77, former corporate VP of General Motors.
E*TRADE Changing of the Guard After Disappointing Results
Interim CEO and Chairman Frank J. Petrilli is leaving E*Trade as the broker continues to recover from four unprofitable years through 2010, partly because of the subprime mortgage market collapse in the U.S. The New York-based company has been under pressure from its biggest shareholder, Citadel LLC, after “catastrophic losses” during the financial crisis. CEO Steven J. Freiberg was ousted in August and replaced by former Barclays Plc executive Paul Idzik in January as the company’s fifth top executive in five years. Per the above, Rodger A. Lawson, 66, was named Chairman.
In addition, new board members were appointed:
• Richard J. Carbone, 64, EVP and CFO at Prudential Financial. And former senior financial executive at Salomon Brothers and Banker’s Trust;
• Mohsen Fahmi, Senior Portfolio Manager and former COO at Moore Capital Management. He also served as Tokai Bank Europe, Salomon Brothers Asset Management, Goldman Sachs, and J.P. Morgan;
• Christopher M. Flink, 42, Partner with IDEO, a global design and innovation firm. Flink is also a Consulting Associate Professor at Stanford University.
Ubiquiti Networks Appoints Board Members After Stock Price Dip
Wireless networking products company Ubiquiti Networks has named several new board members.
• Steven R. Altman, 51, Vice Chairman of Qualcomm, and former President, Technology Licensing Division President, EVP, VP and General Counsel.
• Rafael Torres, 45, CFO of OCZ Technology Group, which designs and manufactures industry-leading solid state drives, and formerly CFO at Capella Photonics, Power Integrations and PLX Technology.
• Craig Foster, 42, Ubiquiti CFO and formerly executive at Credit Suisse investment banking group, UBS investment bank, and held various positions at RBC Capital Markets, Loudcloud, Open Market, Deloitte and PwC.
Directors Charles J. Fitzgerald (Managing Director at Summit Partners L.P.), John L. Ocampo (President at Gaas Labs), Robert M. Van Buskirk (CEO at Wilson Electronics), and Peter Y. Chung (Managing Director at Summit Partners, L.P.) have departed the company's Board of Directors.
Compuware Misses Earnings Targets and Revamps Board
The board changes follow an announcement Compuware made that it expects to miss its earnings targets, also announcing that it would ramp up its cost cutting. Previously, it said it would cut $20 million a year over the next three years. Now it plans to cut $80 million to $100 million in two years, triggering speculation that more layoffs could be in store.
In addition to appointing a new Chairman, the Company plans to announce its full Board slate, including additional new independent directors, in advance of its annual shareholder meeting in March 2014.
• David Fubini, a senior director of McKinsey
• Lee Roberts, 60, former CEO, FileNet
• Jeffrey J. Clarke, 51, Managing Partner at Augusta Columbia Capital, and former CEO, Travelport, COO, CA Technologies, and Chairman, Orbitz, Worldwide.
• Jennifer J. Raab, President of Hunter College, and served as Chairman and Commissioner of the New York City Landmarks Preservation Commission. Raab has significant legal expertise, serving as a litigator at two of the nation's most prestigious law firms.
Stepping off the board:
• W. James Prowse, 70, is retiring from the Board after many years of service to focus on his role as CFO of Covisint and that company's pending IPO;
• Glenda D. Price, Ph.D, 73, President Emeritus of Marygrove College, a visionary academic leader and administrator, joined the Board in 2002;
• Ralph J. Szygenda, 64, a technology industry veteran and former CIO at several large companies, including GM, joined the Board in 2009.
Data Security Solutions Company Imperva Adds Experienced CEO and GM
Charles Giancarlo, 55, managing director of Silver Lake, and also chairman of the board of Avaya, joined the Imperva board of directors. Giancarlo spent fourteen years at Cisco, most recently EVP and chief development officer and president of Cisco-Linksys.
Asheem Chandna, 48, is leaving the Imperva board. Chandna is a Partner at Greylock Partners, and was an executive at Check Point Software and CoroNet Systems, SynOptics/Bay Networks and AT&T Bell Laboratories.
Michael Boodaei, 40, also steps down to focus more time to as the CEO of Trusteer, a provider of secure web access services. Prior to this, Boodaei founded and was CEO of Edvice. He served for six years as a security research engineer in the Israel Defense forces
In addition to e*trade, many other digital media companies evolved their boards:
Facebook Appoints Female Chancellor & Biotech Pioneer; Star Tech Investor Steps Down
Facebook appointed a second female board member. Susan Desmond-Hellmann, M.D., M.P.H., 51, chancellor of the University of California, San Francisco (UCSF), and as president, product development at the biotechnology pioneer, Genentech.
Dell and Facebook’s board member James W. Breyer, 51, is stepping down from both the boards. Breyer is a partner at Accel, a venture capital firm.
Baidu Names Online Game and Mobile Internet CEO to its Board
China-based Internet search provider Baidu named Liu Dejian, the founder, chairman and executive director of NetDragon Websoft, a leading developer and operator of online games and mobile Internet platforms in China.
Twitter Adds Female CEO of Publisher to Board
Twitter has appointed its first female director, Marjorie Scardino, 66. Scardino was CEO of London-based Pearson, a publishing and education company, and also served as CEO, at The Economist Group.
Groupon Adds to Board
Groupon appoints Jeffrey Housenbold, 43, CEO of Shutterfly, to the company's Board. Housenbold also served in a variety of senior roles, most recently as VP of Business Development and Internet Marketing.
AOL Appoints Hearst’s General Counsel to Board
Eve Burton, 54, SVP and general counsel of Hearst, was appointed to AOL’s Board of Directors. Burton joined Hearst in 2002 and also serves as an adjunct professor of constitutional law and journalism at the Columbia University Graduate School of Journalism. Prior to joining Hearst, Burton was VP and chief legal officer of CNN and VP at the New York Daily News. Additionally, she practiced law at Weil Gotshal & Manges.
priceline.com Welcomes AOL CEO on its Board
priceline.com named Timothy (Tim) Armstrong, 41, Chairman and CEO of AOL to its board. He also served as Google’s President of the Americas Operations, overseeing North American and Latin American advertising sales, marketing and operations teams.
Shutterfly Appoints Former CFO, Pixar to Board
Ann Mather, 52, EVP and CFO, Pixar, and EVP and CFO at Village Roadshow Pictures, as well as SVP at the Walt Disney Company in the Buena Vista International Theatrical Division, was appointed to the Shutterfly board.
Also joining the board is Michael Zeisser, 47, former Partner with McKinsey and senior deal-maker at Liberty Media. Zeisser created Liberty's eCommerce Group of companies, which comprises leading digital commerce brands such as Proflowers.com, RedEnvelope.com, Gifts.com, Backcountry.com, Bodybuilding.com, Motosport.com, BirthdayExpress.com, BuyCostumes.com, and Evite.com.
Orbitz Worldwide Appoints Rightmove Chairman to Board
Orbitz Worldwide appointed Scott Forbes, 55, to its board of directors, following the resignation of Jill Greenthal, 56. Scott currently serves as chairman of Rightmove plc, the UK's leading online classified property portal, and held executive positions at Cendant Corporation and its predecessor HFS, which was a leading global provider of travel and residential real estate services.
Digital River Appoints PayPal Exec as New Board Member
Ed Eger, 52, SVP and GM, Americas at PayPal, and advisor to the CEO at eBay was appointed to Digital River’s board. He also served as CEO and business head for international cards business at Citigroup.
Oracle 30 year Board Member Retires
Donald L. Lucas, 82, notified Oracle Corporation that, after more than 30 years of service to the Corporation, he is retiring and has tendered his resignation as a member of the Board.
SAP Co-CEO to Join Supervisory Board
SAP co-CEO Jim Hagemann Snabe, 48, will move from executive board to supervisory board next year, leaving American co-CEO Bill McDermott, 50, as sole chief.
VMware Adds Retired Accenture Exec to Board
Renee James, 47, President, Intel resigned to focus on her new responsibilities.
Pamela Craig, 55, to succeed James. Craig was most recently CFO at Accenture, and has 34 years at the company.
Former Symantec CEO Leaves ADP Board
Former Symantec CEO Enrique T. Salem, 48, will not stand for re-election as a director of ADP.
Cerner’s New Director is Former Governor of Indiana
Mitchell E. Daniels Jr., 64, current President of Purdue University, and former Governor of Indiana, was appointed the board of directors of Cerner. Daniels also served CEO of the Hudson Institute and President of Eli Lilly and Company's North American Pharmaceutical Operations.
Symantec Names Two New Directors
In addition to the splitting the Chair and CEO roles, Symantec appointed two other members.
Major General Suzanne Vautrinot, 53, soon to retire as head of the Air Force component of the U.S. Cyber Command, and Anita Sands, 37, who will be leaving UBS Wealth Management Americas after serving in several top positions, to board.
Fidelity National Information Services Appoints Veteran IBM Executive and Insider President to its Board
FIS named James B. Stallings Jr., 58, to its board. Stallings is a veteran IBM executive, most recently serving in general management roles, including GM of Enterprise Systems in the $20 billion-a-year Systems and Technology Group, and the Global Markets post in 2009 for the hardware business unit. He also has worked at GE and ROLM Corp, is managing partner of PS 27 Ventures.
Also appointed to the FIS board are 25-year FIS veteran and current President and COO Gary A. Norcross, 46, and former Fiserv CEO Les Muma, 67.
Workday Appoints Yahoo! Co-Founder as Board Member
Workday appointed Yahoo! co-founder, 45, to its Board of Directors. Yang most recently founded AME Cloud Ventures, a VC firm. While at Yahoo!, he led a number of initiatives, including two of the biggest investments in the Internet: Yahoo Japan and Alibaba Group. Yang served as a director of Yahoo Japan, Alibaba Group Holding and Cisco. He currently serves as a board observer for Lenovo.
Autodesk Appoints NetApp’s CEO; Former Apple Finance Exec to the Board
Tom Georgens, 53, CEO, NetApp and Betsy Rafael, 46, former VP and Corporate Controller, Apple were appointed to Autodesk’s board.
Former Thomson Reuters CFO is New Board Member of Citrix Systems
Citrix Systems added former Thomson Reuters CFO and Vice Chairman Robert (Bob) D. Daleo, 63, to the board. Daleo held the COO of Thomson Newspapers position, and served in a number of financial and operations positions at McGraw-Hill and Automatic Data Processing before joining Thomson. He is a director at Equifax and chairs the Fordham University board of trustees.
Akamai Board Member with Investment and Financial Service Experience Leaves
C. Kim Goodwin, 52, a private investor and former Managing Director and Head of Equities (Global), Asset Management Division of Credit Suisse Group, and former Chief Investment Officer of Equities for State Street Research Management.
• Monte E. Ford, 53, served as Chief Executive of Aptean Software and CIO of AMR Corporation and Associates First Capital.
• Bernardus (Ben) Verwaayen, 61, served as CEO of Alcatel-Lucent, and CEO of BT; as well as international VP, EVP and COO of Lucent Technologies; and as president and general manager of PTT Telecom, a KPN subsidiary in the Netherlands.
ServiceNow Elects Former Cisco EVP to Board
Provider of cloud-based services to automate enterprise IT operations, ServiceNow, elects Charles Giancarlo, 56, to the Board. Giancarlo has served as a managing director of Silver Lake Partners since 2008. He also served in numerous senior executive roles at Cisco, most recently as the EVP and Chief Development Officer. He serves on the boards of Accenture, Avaya, and Imperva.
Splunk Appoints Cardinal Health CIO to Board
Splunk, the leading software platform for real-time operational intelligence, appoints Patricia B. Morrison, 53, to the company's Board of Directors. Morrison has been EVP of Customer Care Shared Services and CIO for Cardinal Health since 2009. Prior to joining Cardinal Health, Morrison was CEO of Mainstay Partners, a technology advisory firm from 2008 to 2009, and EVP and CIO at Motorola from 2005 to 2008. Her previous experience also includes CIO of Office Depot, and senior-level IT positions at PepsiCo, The Quaker Oats Company, General Electric, and Procter & Gamble.
Electronic Arts Appoints New York Times Digital Exec to Board
Electronic Arts appointed Denise F. Warren, 48, EVP of the Digital Products and Services Group at The New York Times, to its board of directors. Warren previously served as general manager and CAO of the New York Times Media Group, where she managed operations for NYTimes.com and related digital and mobile products.
Nuance Communications Adds Two Icahn Investors to Board
Speech Recognition Software Maker Nuance adds Brett Icahn, 34, and David Schechter, 38, to the company's board of directors. Icahn and Schechter have been employed by Carl Icahn and his affiliated investment funds.
Constellation Software Appoints Investment Expert
Constellation Software, a company that acquires, manages and builds vertical market software (VMS) businesses, named Robert Kittel, 41, to the company's board of directors. Kittel has been the COO of The Westaim Corporation, and served as a Partner and Portfolio Manager at Goodwood, an investment management firm. He also served as an executive hedge fund investment firm and with Cadillac Fairview Corporation, and a staff accountant at KPMG.
Former Polycom CEO Resigns from Informatica’s Board
Andrew M. Miller, 53, resigned from the Board of Directors of enterprise data integration software Informatica, after serving less than one year. Miller recently resigned as Polycom’s CEO, after the Board found certain irregularities in Miller's expense submissions.
International Game Technology Appoints Board Member with Financial Acumen
Eric Brown, 47, COO, CFO and EVP of Polycom, was named to IGT’s Board of Director. He also serves on the Board of Directors of Electronics for Imaging. Prior to his current position, Brown has served as CFO for several publicly-traded technology companies, including Electronic Arts, McAfee, and MicroStrategy.
Blackberry Adds Board Members; Co-Founder Retires
Appointed to Blackberry board are Richard Lynch, 64, formerly an EVP at Verizon Communications, and Bert Nordberg, 56, former CEO of Sony Ericsson Mobile Communications.
Mike Lazaridis, 51, co-founder of Blackberry, has decided to retire as Vice Chair and a Director.
SS&C Technologies Appoints Former IBM Services Vet as Board Member
SS&C Technologies, a global provider of investment and financial software-enabled services and software, named Michael Daniels, 58, to the company's Board of Directors. Daniels served as SVP of Global Technology Services for IBM Global Services he oversaw the go-to-market and business line management for IBM's offerings in strategic outsourcing, integrated technology services, SMB services, maintenance and IBM Global Financing and as General Manager of Sales and Distribution Operations in the Americas, he restored the business to growth and led Global Services in the Asia Pacific region. Daniels is an Independent Director of Tyco International.
Guidewire Software Appoints Former Group CTO of UBS to Board
Andrew W. F. Brown, 40, has been elected as a Director of Guidewire Software, the software provider to property and casualty insurance carriers. He is currently CEO of Street Scale IT Group, Group CTO of UBS, head of strategy, architecture and optimization at Bank of America Merrill Lynch, and CTO of Infrastructure at Credit Suisse. He was also a founder of Desktone, which sold to VMware in 2013.
Fortinet Welcomes Legal Exec to Board
In addition to making the Chair CEO, Fortinet also appointed Bill Neukom, 59, to its Board of Directors. Neukom served as a chief legal officer and EVP.
Microsoft R&D Vet and Intel CIO Join Riverbed Technology’s Board
Riverbed Technology, the technology company that specializes in improving the performance of networks and networked applications, appointed three new directors to its board:
• Satya Nadella, 44, currently serves as president of Microsoft’s Server and Tools Business (STB) and was SVP of R&D for the Online Services Division, for some of the largest cloud infrastructure in the world. Prior to the Online Services Division, Nadella was a member of the technology staff at Sun Microsystems.
• Kimberly Stevenson, 50, VP and CIO of Intel. Prior to Intel, Stevenson held executive roles at EDS, now HP Enterprise Services, and at IBM.
• Eric Wolford, 46, Riverbed's President, Product Group, and formerly served as EVP, SVP and VP of Marketing and Business Development at Riverbed.
Cornerstone OnDemand Appoints CEO of SaaS company
Robert D. Ward, 46, resigned from the Board of Directors of HCM software company Cornerstone OnDemand. Rob Ward is a founder Meritech Capital Partners.
Appointed to the board was Joseph P. Payne, 48, Chairman and CEO Eloqua, (now Oracle) and former president of Qualys, a provider of cloud security and compliance solutions, and president and COO of iDefense, a VeriSign company.
AllScripts Adds Two Directors to Board
AllScripts added two new members to its board: Anita Pramoda, former CFO of Epic Systems, who founded TangramCare and also serves as an executive advisor at Technology Crossover Ventures, and Michael Klayko, 58, former CEO, Brocade Communications, CEO of Rhapsody Networks, and held executive roles at McData, EMC and IBM.
Demandware Expands Board with Recognized Retail Industry Leader and Academician
Dr. Leonard A. Schlesinger, 58, Vice Chairman and COO of Limited Brands, was appointed to Demandware's board of directors. Dr. Schlesinger currently serves as Baker Foundation Professor of Business Administration at Harvard Business School, and was most recently the 12th President of Babson College. Dr. Schlesinger also served as EVP COO at Au Bon Pain.
FICO Appoints SaaS Co’s RightNow Technologies Founder to Board
Fair Isaac (FICO) elected new board member Greg Gianforte, 51, founder of RightNow Technologies, a cloud-based customer-service and support solutions company. He grew the company to more than $225 million in annual revenue, serving as RightNow's CEO until it was acquired by Oracle in 2012.
Fleetmatics Appoints Shred-it CEO to Board
Fleet management Solutions Company Fleetmatics appointed Shred-it President and CEO, Vincent De Palma, 55, to its Board. Prior to Shred-it, De Palma was President at Pitney Bowes Management Services and EVP, Pitney Bowes; President of Benefit Services and Corporate VP at ADP. He has also held senior management positions at Petroleum Heat & Power Company and McKinsey & Company.
Network Security Company Appoints Experienced Financial Leader to Board
Kevin Klausmeyer, 54, former CFO of web-hoster The Planet, has joined Sourcefire's board. He served on the board of Quest Software, and also served as CFO of RLX Technologies, CFO, PentaSafe Security Technologies, and Corporate Controller and Chief Accounting Officer of BMC Software, and spent 13 years in public accounting with Arthur Andersen.
Xerox CIO Joins MedAssets Board
Carol J. Zierhoffer, 53, then CIO for Xerox and currently CIO at Bechtel Corporation was appointed to the MedAssets board. Prior to that, Zierhoffer was VP and global CIO for ITT. From 1988 to 2008, she worked with Northrop Grumman in various IT leadership positions, most recently as VP and CIO of the company's mission systems sector.
Comverse Names Telecom Industry Expert as Director
Neil Montefiore, 61, former CEO of integrated media company StarHub, CEO of mobile operator MobileOne and held various executive roles at Hongkong Telecom CSL, Chevalier (Telepoint), and the Cable and Wireless Group.
Former Business Objects COO & Former Apple R&D Exec Joins Fusion-io’s Board
John F. Olsen, 61, former President and COO at Business Objects was named director at Fusion-io, the ioMemory software defined storage solutions firm. He has served as director and Chairman of Borland Software, and was formerly CEO of Marimba, a provider of Internet infrastructure management solutions, and before that as president of the Design Realization Group of Cadence Design Systems.
Dr. Edward H. Frank, 56, was also named to Board of Directors. Dr. Frank recently retired as VP of Macintosh Hardware Systems Engineering at Apple. He holds over 50 United States patents and is a Life Trustee of Carnegie Mellon University.
Anti-virus software maker AVG Appoints Telecom Services Exec
Anti-virus software maker AVG appoints Frank Esser, 54, as a new Independent Supervisory Director. Until recently, Esser served as Chairman and CEO at SFR, the leading French telecommunications operator.
Former Taleo/Eloqua Exec Joins Board of Scientific Informatics Software Firm
Accelrys elected Heidi Melin, 43, to board. Melin currently serves as the CMO of Plex Systems, a cloud ERP technology company. Previously, she was the SVP and CMO of Eloqua, and held senior marketing roles at Taleo, Polycom, Hyperion and Peoplesoft.
BMC Software’s Board Members Step Down As Company goes Private
Meldon K. Gafner, 64, and Tom C. Tinsley, 59, directors of BMC Software have decided not to stand for re-election to the Board. Gafner serves as the CEO of Farsight Group, and was CEO, Comstream Corporation and President of ISSCO Corporation. He serves as the Chairman of Inxight Software and as a Director of XyberNET.
Tinsley is the former CEO of BMC Software, and was Chairman and CEO Baan Company. Prior to that, he served as a Managing Director at McKinsey, where he headed the global IT practice. Tinsley serves as an Advisory Director of General Atlantic. He serves as a Director of Internosis and Guidestar USA.
The Telecom Services industry, mostly AT&T and Verizon, is cross-pollenating with different industry experience: a CEO with deep financial services industry experience, a CEO oil and gas services provider with CFO roots, a CEO for Healthcare insurance provider, a CEO of a Retailer, and one from software.
Sprint announced a Hispanic female, an academician, as a new board member. We have found that Hispanic females are few and far between in technology board roles.
Frontier communications welcomed an executive with telecom services experience.
All of these appointments, save two, are women leaders.
AT&T’s Long-Time Board Member to Retire; Names Three new Directors
AT&T board member Dr. Gilbert Amelio, 70, a one-time Chairman and CEO of Apple, has decided to retire after fourteen years to spend more time with one of his ventures.
AT&T added three new directors to its board:
• Beth E. Mooney, 58, chairman and CEO of KeyCorp. Her most recent prior position was Senior EVP and CFO for AmSouth Bancorporation;
• Cindy B. Taylor, 51, president, CEO and a director of Oil States International, a diversified solutions and services provider for the oil and gas industry. She also served as SVP-CFO at Oil States;
• Mike McCallister, 59, Chairman and former CEO of Humana.
Verizon’s New Board Members are Walgreen CEO and MetricStream CEO
Verizon Communications elected to its board Gregory D. Wasson, 54, President and CEO of Walgreen, and Shellye Archambeau, 49, CEO of enterprise-wide governance, risk, compliance (GRC) solutions company MetricStream. Previously, Archambeau was CMO and EVP of sales for Loudcloud, CMO for NorthPoint Communications, president of Blockbuster's e-commerce division, and held domestic and international executive positions in a 15-year career at IBM.
Hispanic Female Executive Joins Sprint Board
Sara Martinez Tucker, 56, joined the Sprint board of directors. She most recently served as the Under Secretary of Education in the U.S. Department of Education, as CEO of the Hispanic Scholarship Fund (HSF) and as an executive at AT&T.
Retired Verizon EVP Joins Frontier Communications’ Board
Virginia P. Ruesterholz, 51, former President of Verizon Services Operations, was appointed to Frontier’s Board of Directors. She previously served as President of Verizon Services Operations, President of Verizon Telecom, President of Verizon Partner Solutions, President of Verizon Wholesale Markets and held roles in regional operations and operations assurance.
TiVo Appoints Former President of Motorola Mobility to Board
Daniel M. Moloney, 52, the former President of Motorola Mobility, who also had served as a senior executive at General Instrument.
Accenture Appoints GM Veteran to Board; CEO Assumes Chairman Role
In addition to the CEO assuming the Chairman role, Jaime Ardila, 58, EVP and president of General Motors South America, was appointed to Accenture’s board. Ardila previously was VP and CFO for international businesses.
Accenture CEO Pierre Nanterme, 53, has assumed the additional position of chairman of the board. Sir Mark Moody-Stuart, 73, former Managing Director of Royal Dutch Shell, assumes the role of lead director.
Wipro Names Acclaimed Emerging Markets Expert to its Board
India-based IT services company Wipro appoints Ireena Vittal, an acclaimed strategic consultant on emerging markets, agriculture and urban development to its Board of Directors. Vittal, a former partner with McKinsey, brings with her over two decades of experience as a recognized thought leader to consumer facing companies looking to build large scale, profitable businesses in emerging markets.
L-3 Communications Appoints Corporate Law Specialist to Board
L-3 Communications, the integrated space communications system provider, elected Vincent Pagano Jr., 62, a Simpson, Thacher & Bartlett attorney specializing in corporate law and former head of the firm’s capital markets practice, to the board.
CSC Elects New Board Members Replacing Retiring Directors
CSC elected new board members Nancy Killefer, 59, a senior partner at McKinsey, leader as the public sector practice, and Brian MacDonald, 48, who served as CEO of ETP Holdco as CEO of Sunocco.
Two current board members, Irving W. Bailey II, 70, and Stephen L. Baum, 70, have reached mandatory board retirement age and did not stand for re-election.
EPAM Systems Hires Former RedPrairie CEO to Board
Richard Michael Mayoras, 50, former CEO RedPrairie (now part of JDA), was appointed to join the Board of EPAM Systems, the global IT services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
He replaces Ross Goodhart, who communicated his decision to resign from the Board.
Unisys Appoints Academician to Board
Jared Cohon, 65, President Emeritus and University Professor at Carnegie Mellon University and had a long tenure as its President. Coon also was a dean at Yale University and Associate Dean at John Hopkins University.
QUALCOMM Appoints Former China Expert and “The PodFather” as Board Members
Clark T. Randt, Jr., 67, President of strategy consulting firm Randt & Co, was added to the QUALCOMM board. Randt has 30 years of experience as a diplomat, attorney and businessman who has a comprehensive understanding of Chinese industries and businesses.
Also joining the board is Jonathan Rubinstein, 56, brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position. He served as SVP of Product Innovation for Hewlett-Packard until 2012, at Palm as executive chairman in 2007, and at Palm, where he was nicknamed "The Podfather," while running Apple's iPod division. He also serves on the Amazon board.
Cisco’s board Appoints Former CEO Micromuse to Board
Cisco named Greg Brown, 52, Chairman and CEO of Motorola Solutions, to its board. Brown also served as chairman and CEO of Micromuse, a networking management software company sold to IBM for $865m.
Avaya Appoints Former Intuit EVP and Former EDS CEO to Board
Avaya named Kiran Patel, 64 and Ronald Rittenmeyer, 66, to its board. Patel most recently served as EVP and general manager of the Small Business Group of Intuit from 2008 to September 2013. Patel is currently on the board of KLA-Tencor.
Rittenmeyer has served as chairman and CEO of Expert Global Solutions, a global provider of customer care support since 2011. Prior to his current position with Expert Global Solutions, he served as chairman and CEO of Electronic Data Systems.
Nokia Board to Go Through More Changes
Nokia named Mary Elizabeth “Liz” Doherty, 54, currently CFO of Reckitt Benckiser, to its Board. She held senior financial positions at Brambles, Tesco, and Unilever.
Resigned: Dame Marjorie Scardino, 66, CEO of Pearson and Isabel Marey-Semper, 45, CFO of PSA Peugeot Citroen.
Motorola Solutions Board Member Resigns After Being Named NYC’s Police Commissioner
William J. Bratton, 66, resigned the Company’s board is in connection with his appointment as New York City's next police commissioner. He has previously served as the Commissioner of the Boston Police Department, New York City Police Department Commissioner, and Chief of the Los Angeles Police Department.
Retired HP Printing Vet Joins Harris’ Board
Harris Corporation elected Vyomesh I. Joshi, 59, to its Board of Directors. Joshi retired in 2012 after a 32-year career at Hewlett-Packard, where he most recently was EVP of the company's Imaging and Printing GroupJoshi is a director of Wipro and a former Director of Yahoo!
Polycom Appoints Experienced Technology Execs to Board
Robert J. Frankenberg, 65, Frankenberg is the owner of NetVentures, a management consulting firm focused on the high tech industry, and previously held both the CEO and Chairman roles at Novell and Encanto Networks.
Martha Helena Bejar, 48, Bejar is currently CEO and Board Director of Flow Mobile, an innovative new broadband services company, and previously held leadership positions at Wipro Infocrossing and Microsoft.
Tellabs Transitions Chairman to Co-Founder & New Board Member
Vincent H. Tobkin, 61, chairman of the board, succeeding the retiring Michael J. Birck. Tobkin has been a senior advisor and director at Bain & Co. General partner and a founder of Sierra Ventures. Also elected, is Alex Mashinsky, 43, managing director of Governing Dynamics and former CEO of Name.Space.
Sonus Networks Appoints Recognized Networking Industry Professional to Board
Pamela Reeve, 63, joins Sonus Networks’ board to help accelerate the company's ambition to lead the global session border controller (SBC) growth category. Reeve was CEO of Lightbridge a wireless telecommunications product and services provider, and also was a consultant and operations executive at Boston Consulting Group.
Dora Vell - Managing Partner
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Dal Coger – Senior Consultant
Ajanta Banerjee – Research Consultant
Kathleen Swanson – Manager, Business Operations
Liza Teich – Marketing Associate