Thursday, 21 December 2017 12:32

Breaking News: CVS Health CIO Stephen Gold Steps Down

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CVS Health CIO Stephen Gold Steps Down
CVS Health's CIO and EVP of Technology & Operations Innovation, Stephen J. Gold, 58, resigned to "pursue professional opportunities outside of CVS Health". The resignation was not related to CVS’ recent $69 billion acquisition of Aetna. Gold joined CVS in 2012 as SVP & CIO. 

Gold was previously SVP and CIO for Avaya, guiding all aspects of the company’s technology strategy, as well as leading IT business operations and systems globally. 

Prior to joining Avaya, Gold was the EVP, CIO and Corporate CTO for GSI Commerce. 

December 16th, 2017

Welcome to our Software Industry Newsletter.

In this newsletter, we report on Software Board & Exec  Leadership Moves from September 24th to December 12th, 2017. They are roughly organized by size.

Comments Welcomed and Appreciated! 

Dora Vell 

This email address is being protected from spambots. You need JavaScript enabled to view it.* 617-530-1260 *

Microsoft Elects Former US Secretary of Commerce as Newest Board Member. Entrepreneur, civic leader and philanthropist and former United States Secretary of Commerce Penny S. Pritzker, 58, joins as director of Microsoft.

SAP Names COO Christian Klein, 37, to Executive Board to Lead Global Business Operations. 

Adobe Promotes Scott Belsky, 37, to Product Chief and EVP, Creative Cloud. Scott Belsky is the former VP of Products at Adobe, leading the Creative Cloud mobile product strategy.

Saturday, 09 December 2017 00:59

58 Open Tech CEO Roles & 41 Tech CEO Appointments

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December 5th, 2017 

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 11/30/2017) and latest appointments for the month of November 2017.  

The average length of time the searches are open is 3.9 months, down from 4.4 months earlier this year. There is little variance across geographies.


In This Edition 

  • Want a  Tech Board Seat? A Vell Study Reveals Backgrounds in Demand
  • Summary Trends & Stats -  Open Tech CEO Roles & Latest Appointments
  • Open CEO Roles as of November 30th, 2017
  • Tech CEOs Appointed in November 2017
  • Vell Research & Insights Summary
  • Featured Vell Placements

Vell Executive Search captures the most recent female board appointments in tech, from September 17 to November 22, 2017.

Tech Giants Welcoming Women on Board

eBay appoints Adriane Brown and Diana Farrell to its Board - Ms. Brown, 59, is former CEO, Honeywell Transportation Systems. Ms. Farrell, 59, is the Founding President and CEO at JPMorgan Chase Institute, a global think tank and former McKinsey.

Fidelity National Information Services Appoints Louise M. Parent, 67, as Director - A former EVP and general counsel of AmEx, Parent has more than 35 years of experience in the financial industry. Parent retired from American Express in 2013.

Square Announces Ai Expert Anna Patterson, 52, as Newest Board Member - Patterson is the Founder and Managing Partner at Gradient Ventures, google’s AI focused venture fund.  Patterson is also VP of Engineering at Google and most recently helped to integrate AI into products across Google.

Wednesday, 29 November 2017 04:40

50 CIO/CTO Appointments & 44 Open Roles

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November 28, 2017

Welcome to the 50th Edition of the Vell Leadership Update for the 24 days ending November 16, 2017.  

Hope you had a great Thanksgiving! 

*And for Canadians, hope you enjoyed the relative quiet  during the US Thanksgiving! 

We’ve seen a lot of shake-ups, as 50 new technology leaders have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs. 

Thursday, 09 November 2017 06:32

46 Open Tech CEO Roles & 66 Tech CEO Appointments

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November 6th, 2017 

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 10/31/2017) and latest appointments for the month of October 2017.  

The average length of time the searches are open is 4.4 months, up from 4.09 months earlier this year. There is little variance across geographies.


This month's trends....  

By the numbers, overall:

  • Total Open CEO Roles:  46   
  • New CEO Appointments: 66 CEOs (8 women or 12%, 58 men).

What were the important tech board changes in the most recent couple of months? This leadership report covers tech board changes from 8/26 to 10/29 in 2017.  

We have three categories, roughly organized by company size. Industries/ categories per CapIQ classifications.

  • The Giants ($100b+ market cap): Microsoft, Samsung, Intel, Cisco
  • The Software Companies: Paypal, Salesforce, Intuit, eBay, RedHat, ServiceNow, Twitter, Square, Citrix, Splunk, Fortinet, FireEye and any others.
  • Others (Telecom, Hardware, Services, Payments): HP, Inc., Infosys, Ericsson, TSYS, Micro-Semi, TSYS, FLIR, Cypress Semi., Cree, Convergys, Blackhawk Networks, Boingo, ScanSource and others.

Some basic stats:

19.7% of the new board seats went to women;
15.6% of the board seats removed were women held seats.

Are you seeking your next board seat in a technology company? It is often helpful to look at the current composition of technology boards and what skills and experiences are currently in demand. 

Public Tech Companies over $100m

We studied public technology companies studied in the US and Canada with at least $100m in revenues.

The number of companies is 581.  There were 4,305 individual board members occupying 4,830 board seats.

Thursday, 26 October 2017 02:03

91 CIO/CTO Appointments & 35 Open Roles

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October 25, 2017  

Welcome to the 49th Edition of the Vell Leadership Update for the 37 days ending October 23, 2017. 

We’ve seen a lot of shake-ups this past month, as 91 new heads of technology have stepped up, including new CTOs, CIOs, tech & ops execs and CISOs. 

Summary Stats and Trends

By the numbers, overall:

  • Total Tech Exec Roles Open: 35
  • New Tech Exec Appointments:91 
    (in 85 companies, as 6 companies have multiple appointments)
    Gender Diversity: 7 women or 19%, 74 men

Board Appointments and Departures at Giant Tech Companies
Activist Investor Not to Seek Re-Election to Microsoft Board; PepsiCo CFO to Join as Director. D. Mason Morfit, 41, ValueAct Capital’s President and Chief Investment Officer, will not seek re-election to Microsoft’s board. Hugh Johnston, 55, vice chairman and CFO of PepsiCo, joins as Director.

Intel elected Andrew Wilson, CEO of Electronic Arts, to board; Senior Leader Stacy Smith to Retire from Executive as well as Board Role. Wilson, 43, joined EA in May 2000, and has served as the company’s CEO and a director of EA since September 2013. 
Smith, 54, group president of manufacturing, operations and sales, is retiring after more than 30 years at the company. Smith will stay on board through the end of January.

Executive Chairman John Chambers, 68, not to stand for re-election to Cisco’s Board. CEO-Chair Roles Combined. The Board plans to appoint Cisco CEO Chuck Robbins, 49, to serve as chairman when Chambers' term expires in December 2017. John will also be given the honorary title of Chairman Emeritus. Chuck Robbins assumed the role as Cisco CEO in 2015.