Yahoo! Announces New CEO and Other Senior Leaders for Altaba
As Yahoo! prepares to join Verizon, it has revealed that its remaining business under the Altaba entity will be run by its board member Thomas McInerney, 52, the former EVP & CFO of IAC/InterActiveCorp.
AIG Names Chief Auditor Gallo as New CIO
American International Group reported that Martha Gallo has been named CIO. She succeeds Philip Fasano, who has left the company to pursue other opportunities. Gallo has been EVP and Chief Auditor of AIG before taking up the CIO role.
ServiceNow Hires Former eBay CEO John Donahoe as New CEO
ServiceNow has named John Donahoe President and CEO. Donahoe was formerly President and CEO of eBay. Donahoe currently serves as Chairman of the Board at PayPal.
Microsoft Names LinkedIn’s Kevin Scott as CTO
Microsoft has named Kevin Scott to a newly created role of CTO for the company. This is an expansion of Scott's new role at LinkedIn as SVP of Infrastructure. As Microsoft's CTO, Scott will drive strategic, cross-company initiatives to maximize Microsoft's impact with members and customers.
Microsoft's Applications and Services Group EVP Dr. Qi Lu Steps Down
Dr. Qi Lu, the EVP in charge of Microsoft's Applications and Services Group, is leaving the company due to health reasons. Dr. Lu was previously the president of the Online Services Division, where he led the company’s search, portal and online advertising efforts. He spent 10 years at Yahoo before joining Microsoft in 2008. Many of Lu’s duties will be taken over by Rajesh Jha, a corporate VP who has been leading Microsoft’s Outlook and Office 365 efforts.
Apple Hires Former Time Warner Cable Exec Peter Stern as VP, Cloud Services
Apple hired former Time Warner Cable executive Peter Stern, 44, as VP, Cloud Services, which includes the technology company’s subscription offerings. Stern left TWC as EVP and Chief Product, People and Strategy Officer, earlier this year after it was bought by rival cable company Charter Communications.
Microsoft COO Kevin Turner Resigns
B. Kevin Turner, 51, Microsoft's COO, has resigned. He is joining financial firm Citadel to run its technology-heavy market-making unit as CEO of Citadel Securities. He will also be a vice chairman of the firm. Turner had been at Microsoft for 11 years. Turner was the driving force behind the sales and marketing efforts of Office 365 and the widespread customer adoption of Azure cloud.
Twitter Appoints Co-Founder and iCEO Jack Dorsey as Permanent CEO
Twitter appointed interim CEO Jack Dorsey, 38, as permanent CEO. As former CEO Dick Costolo stepped down in June this year, the company had appointed its Chairman and co-founder Jack Dorsey as its interim CEO. The board had hired Spencer Stuart to run the search. Dorsey will also continue to serve as a member of the Board, but will no longer act as chairman. The company seeks a new chairman.
HP Chair-CEO Meg Whitman Joins SurveyMonkey Board
HP CEO Meg Whitman, 59, joined the board of the online survey development cloud-based startup SurveyMonkey. Whitman’s connection with SurveyMonkey comes from its current CEO Bill Veghte who is a former HP senior executive. After HP splits in November, Whitman will be CEO of the spun-out HP Enterprise, which is slated to focus on corporate hardware and services and will remain as non-executive Chairman of the printing and & personal systems company HP, Inc. She is currently the chairwoman, president, and CEO of HP.
Check Point Software Separates Chair-CEO Roles
Check Point Software Technologies separated the position of Chairman and CEO and appointed Marius Nacht, 49, as Non-Executive Chairman. Nacht is one of Check Point’s founders, and has served as Vice Chairman of the Board since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Nacht held SVP positions at Check Point. Before that he was VP of International Operations.
Google Reorganizes Under New Holding Company Alphabet; Sundar Pichai to Lead Largest Subsidiary Google as CEO
Google reorganizes itself into a new holding company, Alphabet, whose largest wholly owned subsidiary will be Google. Google Co-Founders Larry Page and Sergey Brin will be Alphabet’s CEO and President, respectively. Eric Schmidt will be the Executive Chairman of Alphabet. SVP of Corporate Development, Chief Legal Officer and Secretary of Google David C. Drummond will be the Chief Legal Officer and Secretary. The company’s Chief Business Officer, Omid Kordistani, will step down and become an adviser to Alphabet and Google.
Citrix CEO Mark Templeton to Retire; Activist Investor Elliott Takes Larger Role with Board Seat
Citrix Systems’ President & CEO Mark Templeton, 62, plans to retire after twenty years of service at the company. Templeton will continue to serve as president and CEO and a director of the company until such time as a successor has been appointed. The company will go through a series of leadership and probable structural changes under pressure from activist investor Elliott Management.
Co-Founder Steve Huffman Returns as Reddit CEO; Ellen Pao Steps Down
Steve Huffman, 31, the co-founder and original CEO of Reddit, has come back as CEO of the company. Interim CEO Ellen Pao, 45, has stepped down. The CEO change was the result of a mutual agreement regarding company goals.
Yahoo! CISO Alex Stamos Joins Facebook
Yahoo’s CISO Alex Stamos will join Facebook as Chief Security Officer. Stamos had joined Yahoo! a year back and led what the company refers to as its team of "Paranoids". Stamos is the former CTO of Artemis, a division of NCC Group. He is also a co-founder and partner at iSEC Partners, a strategic digital security organization. He is an experienced security engineer and a leading researcher in the field of web application and mobile security.