Midwest: Convergys, Deluxe Corporation, BH Media Group, Stratasys are looking for CEOs.
South Atlantic: Birch Communications, World Health Energy Holdings are also looking for CEOs.
Open Tech CEO Roles in the US - Northeast and Mid-Atlantic as of June 30th, 2018
athenahealth, Commvault Systems, Wayside Tech. Group, and Everbridge are all looking for CEOs.
Themes in the Giant Tech Reorgs:
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).
Apple Music Promotes Two
Apple has hired Google's former head of search and artificial intelligence John Giannandrea to lead the company's 'machine learning and A.I. Strategy.
The giant also has appointed International exec Oliver Schusser as VP of Apple Music and international content to oversee its music streaming business, relocating from the UK to California for the new position. With Oliver’s promotion, Apple marketing executive Tracey Hannelly will lead International for Apple music, which services 155 markets. She joined the company in 2007 beginning in Australia and New Zealand.
NBC Entertainment President Jennifer Salke has been named head of Amazon Studios. Salke will oversee all television and film production for Amazon's entertainment arm.
Facebook board: Jan Koum, 41, CEO of WhatsApp stepped down from the board over significant disagreements over privacy issues.
Joining Akamai’s board is Amazon’s CISO - Tom Killalea, 49.
LogMeIn has named Sara Andrews, SVP and Global CISO of PepsiCo to the company’s board of directors.
How to structure the leadership of large corporations – and specifically whether to split or combine the roles of Chairman and CEO – remains an active and often controversial question.
Under recent shareholder pressure, Walt Disney Company preemptively amended its corporate governance guidelines to require the board of directors to provide annual justification whenever the roles are combined, as they currently are. At Disney and an increasing number of major corporations, the board is obligated to revisit the structure question on a regular basis.
This year has seen a traditional mix of profiles and ages. Traditional categories of investors, CEOs/COOs, and CFOs. There were surprisingly few executives that were pure CFOs, and an increasing number of executives that have CIO/CTO backgrounds.
Microsoft appointed activist shareholder president of ValueAct Capital, a firm that owns $2b of Microsoft Stock.
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.
Satya Nadella’s Great First Year as Microsoft CEO
Microsoft appointed company veteran Satya Nadella, 46, as CEO and board member. Bill Gates, 59, assumed a new role on the Board as Founder and Technology Advisor. John W. Thompson, 64, formerly CEO of Symantec, was named Chairman.
Trend 1 - Activist Shareholders & Protecting Star Execs
Happy New Year!
2014 saw many changes in technology company boards and executive ranks. This newsletter summarizes some of these changes and identifies some patterns and potential trends we observed. The sections are as follows: