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Thursday, 15 January 2015 05:20

Chair/CEOs Role Changes- Oracle, Qualcomm & Others Featured

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Splitting Roles to Appoint CEO

Most corporations that split the role did so as to promote a candidate to the CEO role, five of the six for internal candidates and one external candidate. In one case for the internal candidate, TIBCO, the change was precipitated by Vista Equity Partners. The TIBCO case is the only one where the former CEO does not stay.

Oracle: Larry Ellison becomes Exec Chair & CTO and Names Safra Catz and Mark Hurd as co-CEOs. It is rumoured that Mark Hurd was actively pursued by Microsoft

Qualcomm Splits Chairman / CEO Roles  to ensure Steven Mollenkop was not recruited by the Microsoft CEO search process.

TIBCO’s CEO Changed upon acquisition by Vista Equity Partners in December 2014.  Murray Rode, 49, COO was promoted to CEO. Founder, chairman and CEO of TIBCO, Vivek Ranadivé. 57 stepped down and the roles were split

Fidelity National Information Services Chairman/ CEO Split  - Frank R. Martire, 66,, five year CEO keeps Executive Chairman role, and Gary Norcross, 48, President assumes CEO role.  Ellen Alemany, 58, former  Chair and CEO of RBS' Citizens Financial Group, joins FIS’s board

Ixia:   Bethany Mayer, 47, SVP networking equipment, HP joined Ixia as CEO. Founder Errol Gingsberg, 58 retains his role as Chairman and head of Innovation.

Jive Chairman and five year CEO,Tony Zingale,  58, moves to become Executive Chairman,  and  Elise Steele, 47, former CMO and President was named iCEO, while a search is under way.

Combine Roles for Good Performance or Ability to Execute

The combination of  Chairman & CEO roles, is due to either outstanding or lacklustre performance.  Harris Corporation and Demandware have outstanding performance and  NetApp probably needed more concentrated focus. HP’s case is the exception - CEO Meg Whitman assumed the Chairman role when the interim Chair resigned for health reasons. In addition, this appointment is temporary until HP’s split happens.

NetApp Combines Chairman / CEO. New Lead Director: Former CEO and current chairman, Dan Warmenhoven, 63, is moving off the NetApp Board. Tom Georgens, 53, CEO, has been elected chairman, amidst a 600 person layoff. Lead Director Nicholas G. Moore, 72, former Global Chair and CEO of PwC and Coopers & Lybrand is retiring.  Replacing him is former McKinsey Managing Director, T. Michael Nevens, 65.

Harris Corporation CEO William M. Brown, 50, adds chairman to his responsibilities and Thomas A. Dattilo, 62, former Chair and former CEO, Cooper Tire & Rubber Company is now lead independent director.

Demandware Combines Chairman and CEO Roles: Demandware elected its CEO Tom Ebling, 58, as Chairman and Len Schlesinger, 61, HBS Baker Professor as Lead Independent Director.  Stephan Schambach, 43, Demandware’s founder, remains on the board as Chairman Emeritus. EVP and COO Jeffrey Barnett, 51, will also  join the Demandware’s Board. 

Demandware also added a new CFO, Timothy M. Adams, 54, formerly of athenahealth, while Scott J. Dussault, 43, the former CFO, remains as an advisory capacity for a period of time. 

For more information, please see the full 2015 Update

Read 3508 times Last modified on Saturday, 08 August 2020 20:25
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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