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Wednesday, 12 March 2014 01:18

13 Top Boardroom Changes in Tech Companies to Note Featured

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Microsoft Expands Board by Appointing Activist Investor

Microsoft appoints Mason Morfit, president of ValueAct Capital, to the company's board. ValueAct Capital is a San Francisco-based investment firm with a $2 billion stake in Microsoft, which entered into a cooperation agreement to have Morfit join the board. Before joining ValueAct Capital in early 2001, Morfit worked in equity research for Credit Suisse First Boston. He is also a director of Valeant Pharmaceuticals International and a former director of Advanced Medical Optics, C. R. Bard, Immucor, MSD Performance and Solexa.

T-Mobile Director Perry Won't Stand for Re-election

James N. Perry, Jr., 52, informed T-Mobile US, that he will not stand for re-election as a director. Perry is a Managing Director on the MDP Telecom, Media & Technology Services team. Prior to co-founding MDP, he was with First Chicago Venture Capital for eight years. Previously, he was with The First National Bank of Chicago.

Rackspace’s CEO and Director Retires

Open cloud company Rackspace Hosting’s CEO and Director Lanham Napier retired from the company. Graham Weston, Rackspace's co-founder and Executive Chairman, has been appointed CEO. Napier was the CEO of Rackspace from 2006 to February 2014, and now serves as a consultant to the company's leaders. Napier joined Rackspace in April 2000, a couple of years after its founding. Before coming to Rackspace, Napier worked for Merrill Lynch and for Silver Brands, a private equity firm.

New Zealand-based Xero Appoints Former Microsoft CFO as Chair and Bill Veghte as Director

New Zealand-based accounting software provider for small business, Xero, has hired Chris Liddell as new Board Chairman. Liddell is the former CFO for both Microsoft and General Motors. He will be replacing Sam Knowles, who has resigned as Director and Chairman of Xero. Liddell was also the CFO of International Paper and Carter Holt Harvey, before becoming CEO of the company.

The company's new director will be Bill Veghte, who runs HP’s Enterprise Group as its EVP and GM. Prior to that, he spent almost 20 years at Microsoft where he held roles that included SVP for Windows Server.

Newly Appointed Microsoft CEO Satya Nadella Steps Down from Riverbed Board

Satya Nadella, 46, has retired from the board of Riverbed Technology. He is stepping down in order to more fully devote time to his new position as CEO of Microsoft. Before becoming CEO, he held the position of EVP of Microsoft’s Cloud and Enterprise group. Since joining Microsoft in 1992, Nadella has spearheaded major strategy and technical shifts across the company’s portfolio of products and services. He oversaw Microsoft’s Server and Tools Business, led R&D for the Online Services Division and was VP of the Business Division. Prior to that, he was a member of the technology staff at Sun Microsystems.

Ciena Adds T. Michael Nevens as Director

Ciena appointed T. Michael Nevens, 64, to Board. Nevens also serves on the board of NetApp and Altera. He currently serves as senior adviser at Permira Advisers, an international private equity fund. From 1980 until 2002, he held various leadership positions at McKinsey, most recently as a director (senior partner) and as managing partner of the firm’s Global Technology Practice.

Integrated Device Technology’s Board Member Resigns

Integrated Device Technology, the analog and digital company delivering essential mixed-signal semiconductor solutions, announced that Peter Feld has resigned as a member of the board. Feld served on IDT’s board since June 2012. Feld is a Managing Member, Portfolio Manager and the Head of Research of Starboard Value. Prior to founding Starboard in 2011, he was a Managing Director and Head of Research for the U.S. Small Cap Value Creation team at Ramius. Prior to that, Feld was an analyst in the Technology Investment Banking group at Banc of America Securities.

Monotype Imaging Appoints Director with Brand Expertise and Entrepreneurial Perspective

Monotype Imaging, the company specializing in typesetting and typeface design as well as text and imaging solutions, appoints Gay Warren Gaddis, founder and CEO of the advertising agency, T3 (The Think Tank), to its board. Gaddis founded T3 in 1989, and today the company is the largest independent advertising agency owned by a woman in the U.S. Gaddis began her career as a copywriter with The Richards Group. She then served as PR director for Baylor University Medical Center; Marketing Director for Leadership Dynamicsand later became a full partner at an Austin advertising agency, before founding T3.

Gigamon Appoints Director with Financial Acumen

Gigamon, the traffic visibility networking solutions developer for enterprises, data centers and service providers, appointed Paul Milbury to its board of directors. Milbury served as VP of operations and CFO of Starent Networks, a provider of mobile network solutions, from January 2007 until its acquisition by Cisco in 2009. After that, he played a key role in integrating Starent Networks into Cisco to create the Mobile Internet Technology Group. Prior to Starent, Milbury served as VP and CFO of Avid Technology.

Zoom Telephonics Goes Through Board Changes

J. Ronald Woods, 76, retired from the Board of Directors of Zoom Telephonics, the provider of telecommunication products for the mobile phones, wireless communication circuitry and related software products. Woods has served as President of Rowood Capital, a private investment Company.
Before that, he served as VP-Investments of Jascan, VP-Investments of Conwest Exploration, Director, major shareholder and head of research and corporate finance for Merit Investment Corporation, President of Merit Investment, Research Director for Merrill Lynch. He is a former Governor of the Toronto Stock Exchange.

The Company appointed Robert Crowley to the Board of Directors. Crowley was President of the Massachusetts Technology Development Corp. (MTDC), the state’s main venture capital arm. Prior to his tenure as president, Crowley was MTDC’s EVP, Chief Investment Officer and Investment Analyst. He is also a former chairman of the MIT Enterprise Forum and former chairman of the Smaller Business Association of New England (SBANE).

Kofax Names New Board Member with Deep Understanding of Capital Markets

Kofax, which develops software for document capture and automation, has named James A. Urry as a member of its board of directors. Urry is a Partner at Augusta Columbia Capital Group, and also has served at venture firms Court Square Capital Partners and Citigroup Venture Capital. He also serves on the board of Intersil, and previously was on the board of Lyris and AMIS Holdings. 

Millennial Media Appoints Media Experts to Board

Digital advertising platform provider Millennial Media appointed Ross Levinsohn and Tom Evans to its Board of Directors. Levinsohn currently serves as CEO of Guggenheim Digital Media. Prior to this role, Levinsohn worked at Yahoo! where he held a series of executive roles, including interim CEO and Head of Global Media. He has also held senior roles at media companies such as Fox Interactive Media, Alta Vista, and CBS Sportsline.

Tom Evans most recently served as President and CEO of Bankrate, the Web's leading aggregator of financial rate information. He previously held CEO positions at Official Payments and GeoCities. Previously, he served as President and Publisher of the U.S. News & World Report, The Atlantic Monthly, and Fast Company.

Extreme Networks Names Cross-Functional Exec to Board

Provider of network infrastructure equipment and services Extreme Networks named Randi Paikoff Feigin, a seasoned industry veteran and former Juniper Networks executive, to its board. She worked at Juniper Networks for 13 years, until late 2012, in a variety of roles including VP of strategic alliances; VP of business process re-engineering; and VP of investor relations. Prior to that, she held was at Cisco, responsible for educating Wall Street on the company's strategy, vision and financial performance. She joined Cisco as a result of the StrataCom acquisition in 1996. At Stratacom, she established and managed the investor relations strategy and execution. Prior to her investor relations career she worked in the Equity Research departments of Morgan Stanley, Smith Barney and Robertson Stephens.

Merge Healthcare Appoints Director with Significant Business and Software Experience

Merge Healthcare, the company that develops software solutions that facilitate the sharing of images to create an electronic healthcare experience, appointed William J. Devers Jr., president of Devers Group, as a director. Devers was the CEO of Trans Union Credit Information Company. He left Trans Union in 1983 and started Devers Group as a vehicle for his private investments. Currently, he manages DGI Private Equity Ventures, and serves on the Board of Ryan Specialty Group, Lurie Children's Hospital of Chicago, the Big Shoulders Fund and is a non-voting shareholder of Merrick Ventures.

Date Range: February 7th - March 11th

Read 3344 times Last modified on Tuesday, 08 September 2020 11:55
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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