Read about First Quarter 2011 Technology board and executive moves
In the first quarter of 2011, we saw more signs of economic recovery. For the first time in more than three years, Liberum is reporting that executive turnover has seen a real jump—and that the jump coincided with the significant drop in United States unemployment and the continuing growth in the number of jobs created.
Blue Chip technology executives are also joining non-technology boards. Telecom, media, implementation, Web and middleware expertise are themes among these CEOs. These tech-savvy leaders joined the boards of financial institutions, publishers, consumer packaged goods manufacturers, satellite broadcasters and advertisers.
Technology board appointments followed the traditional CEO/CFO roles but also witnessed a few different functions added to the mix, including CIOs, CMOs, General Managers, a CTO and a professor.
The were also some C-suite and boardroom shakeups. CEOs left Google, Iron Mountain and Acer. Google's Chairman and CEO took over as Executive Chairman role, while the Chairmen at the other two companies took over as CEOs.
CEOs in the technology industry are cross-pollinating boards:
- Semiconductor Equipment CEOs joined NetApp and Lam Research boards
- Online Media CEOs joined Autodesk, Yahoo!, and GSI Commerce boards
- Strategy Consulting CEO joined FiServ
- Infrastructure CEOs joined Yahoo! and Lam Research boards
- Software CEOs joined Red Hat and Actuate boards
- Storage CEO joined LSI
- Other Industries: Compuware (automotive); AOL (foundation for journalists); JDA Software (gaming software)
Dell, Akamai, LSI, Booz Allen and Business Intelligence software maker Qlik welcomed CFOs to their boards... Likewise, CEOs with financial strengths also landed on the boards of software giants CA and Compuware.
Finally, female executives climbed the technology ladder in the first quarter. After a decade of service, Judy Lewent left the Dell board. Juniper Networks' EVP Kim Perdikou joined Lam Research's board, and other women were assigned to Akamai, Autodesk, Lam Research, Qlik Technologies, P&G, DirectTV and KKR.
Other noteworthy executive moves we explore in this quarter's newsletter include departure of Apple's top Mac executive, an exodus from Microsoft, and a series of internal promotions. Oracle's President Safra Katz assumed the CFO role, after a series of short-lived CFOs. While SAP's consumer-oriented CMO joined Hewlett-Packard, for example, HP's Asia Channel Chief joined Oracle. HP's key enterprise sales and marketing head and software rising star, Tom Hogan, left the company. Some of the moves even sparked lawsuits (read: Microsoft sues Salesforce.com SVP and HP sues Oracle over a Channel exec in Asia). Meanwhile, Microsoft and Juniper Networks appointed new CMOs, new sales leaders landed at Autodesk, Nuance, Intralinks, and Constant Contact, and new techies joined Apple, CA, Pros Holdings, AOL and Broadsoft.
I hope you glean some strategic insights from this installment of the Vell Executive Search newsletter. We'll be keeping our finger on the pulse of executive and board appointments. You can find other commentary in the Vell Executive Search blog.
Feel free to call us or email us your comments. We would be delighted to hear from you!
All the best,
Vell Executive Search
Board Moves Due to CEO Departures
The first quarter of 2011 saw three significant CEO-Board shakeups, including transitional moves at Google, one case of finger pointing in the wake of a failed product line, and an internal corporate clash.
Google Loosens "Adult Supervision"
Google Co-Founder Larry Page, 37, took back the CEO reigns. Schmidt, 55, moved into the Executive Chairman role and continues as an advisor to Page and Sergey Brin.
Iron Mountain Chairman Snags CEO After Cloud Storage Failure
About a week after shuttering its cloud-based Virtual File Store service, Iron Mountain replaced 50-year-old CEO Bob Brennan. Chairman Richard Reese, 64, is now CEO. Reese has served as Chairman since 1995 and was CEO from 1981 to 2008.
Acer Chairman Takes CEO Role After Corporate Clash
Acer's CEO Gianfranco Lanci quit after clashing with board members over future strategy. Acer Chairman J.T. Wang temporarily replaces Lanci during a search for a new Chief.
Superstar CEO Technologists Navigate Non-Tech Boards
One major trend in the first quarter of 2011 was superstar CEOs finding an open door on the boards of non-tech companies. It seems non-tech companies are finding greater value by unlocking the expertise of technologists.
Ivan G. Seidenberg, 62, Chairman and CEO of Verizon, joined BlackRock's board
William (Bill) D. Green, 57, Chairman of Accenture, joined McGraw Hill's board. Green has worked at Accenture since 1977.
Meg Whitman, 54, joined P&G's Board for the second time. She had left the board in 2008. She was most recently CEO of eBay. Whitman's career has spanned various market-leading companies such as P&G, Bain, StrideRite, Walt Disney, and FTD.
Steven A. Mills, 59, joined Marsh & McLennan's board. He is the most senior executive in charge of Software and Services at IBM, and has served Big Blue since 1973.
Patricia F. Russo, 58, was named to KKR's board. She served as CEO of Alcatel-Lucent and Lucent. She is also a director at Alcoa, Merck, GM, and Hewlett-Packard.
Lorrie Norrington, 50, was named to DIRECTV's board. She has held various leadership positions at eBay, and has been CEO at Shopping.com, at Intuit and GE.
Blue Chip Financial Tech Gurus Land on Non-Tech Boards
Software industry financial expertise also found a warm welcome from non-tech boards in the first quarter. Valero Energy, Charles Rivers Laboratories and InterDigital all appointed blue chip financial tech gurus.
Randall J. Weisenburger, 52, joined Valero Energy's board. He has served as EVP and CFO of Omnicom since 1998.
Richard F. Wallman, VP and CFO of Honeywell International, was appointed to Charles River Laboratories' board. He also held senior financial roles at IBM and Chrysler.
Dr. Gilbert F. Amelio, 68, joined InterDigital's board ($2.8B). He held executive roles at Apple, National Semiconductor and Rockwell International.
CEOs and Other General Managers on Board
Yahoo Swaps Digital Media Communications Directors
Akamai President David Kenny, 49, joined Yahoo's board. He has served as Managing Partner at VivaKi and CEO of Digitas, where he transformed the company from a direct marketing business to a cutting-edge interactive communications firm. Meanwhile, Hippeau, 58, resigned from the board. He had served since 1996. Hippeau has served as CEO ofHuffingtonPost.com, Special Partner of SOFTBANK, and CEO of Ziff-Davis.
NetApp Board Appoints Semiconductor Equipment CEO
NetApp named KLA-Tencor CEO Richard P. (Rick) Wallace, 50, to its board. Wallace has been at KLA-Tencor since 1985. He also serves on Beckman Coulter's board.
CA Board Names Financial-Minded Services CEO
CA named ExlService Holdings CEO Rohit Kapoor, 46, to its board. ExlService Holdings provides outsourcing and transformation services. Kapoor previously served as CFO of the firm. He also spent time at Deutsche Bank and Bank of America in the U.S. and Asia.
Autodesk Board Appoints eBay Online Fashion Exec
Autodesk appointed Lorrie M. Norrington, 51, to its board. She most recently served as President of the eBay Marketplace. She was previously President & CEO of Shopping.com and EVP at Intuit. She also spent 20 years at GE and serves on DirectTV's board. She previously served on McAfee's board.
FiServ Board Appoints Strategy Consulting CEO
Financial services software provider FiServe has appointed BCG Chairman Carl W. Stern to its board. He has been at BCG since 1974, and previously served as a lieutenant in the U.S. Navy.
Red Hat Board Appoints Data Integration CEO/Former Oracle Exec
Open source software provider Red Hat has appointed Informatica Chairman & CEO Sohaib Abbasi, 54, to its board. Prior to 2004, Abbasi held roles at Oracle for 22 years, including SVP of the Oracle Tools Products division.
Lam Research Announces Board Quartet, Female Duo
Lam appointed Juniper Networks' EVP Kim Perdikou, 52, to its board. Prior to joining Juniper 10 years ago, Perdikou served as CIO of Women.com.
Storage and networking semiconductor maker LSI's CEO Abhi Talwalkar, 47, also took a seat on Lam's board. Prior to LSI, Abhi was an executive at Intel.
NetApp's CMO Christine Heckart, 40, assumed a seat on Lam's board. She previously held executive roles at Microsoft and Juniper Networks.
Finally, Michael R. Cannon, former president of Global Operations of Dell, took a seat on Lam's board.
Seagate Board Names Veteran Operations Exec
Michael R. Cannon, former president of Global Operations of Dell, joined the storage provider's board. Cannon's roles have included CEO of Solectron, CEO of Maxtor, and senior roles at IBM.
Compuware Board Appoints Former General Motors CEO
Frederick A. "Fritz" Henderson, 52, joined Detroit-based Compuware's board. Henderson is Chairman of Suncoke Energy and SVP of Sunoco. He previously served as President and CEO of General Motors and has public accounting roots at PWC.
AOL Board Appoints Journalism-Minded CEO
Alberto Ibarguen, 66, CEO Knight Foundation, joined AOL's board. The foundation supports journalism training programs and funds dozens of experiments in the delivery of information on digital platforms, as well as a number of local, online news operations. He also serves on PepsiCo and AMR's boards.
E-Commerce Services Provider Recruits Entrepreneur to Board
Josh Kopelman joined GSI Commerce's board. Kopelman co-founded Infonautics in 1992, an Internet information company, and took it public in 1996. He founded Half.com in 1999, which was acquired by eBay, in 2000. When Kopelman left eBay in 2003, he co-founded TurnTide, an anti-spam company that was acquired by Symantec.
JDA Software Board Appoints Veteran Finance-Minded CEO
Richard M. Haddrill, 57, was named to JDA's board. Haddrill is CEO of Bally Technologies, a gaming solutions company. He previously served as CEO of supply chain solutions provider Manhattan Associates, CEO of gaming technology firm Powerhouse Technologies, and Area Managing Partner for Ernst & Young.
Actuate Board Names Veteran Open Source CEO
Actuate, a provider of Business Intelligence software and enterprise performance tools, has named Timothy Yeaton, 52, CEO of open source Black Duck Software, to its board. Formerly, he held lead marketing roles at EqualLogic and RedHat. He has also held leadership roles at Avaki (now Sybase), Macromedia (now Adobe), Compaq and DEC.
CFOs & Financial Execs on Boards
Dell Board Loses Female Financial Heavyweight
Judy Lewent, 61, a former Merck EVP and CFO and a Dell board member since 2001, will not stand for re-election. She currently serves on the boards of Glaxo Smith Kline, Motorola Solutions and Thermo Fisher Scientific, and is a trustee of the Rockefeller Family Trust, a life member of the Massachusetts Institute of Technology Corporation, and a member of the American Academy of Arts and Sciences.
Akamai Board Names Accenture CFO
Akamai named Accenture CFO Pamela J. Craig, 51, to its board. A member of Accenture's executive leadership team, Craig's tenure at the global management consulting, technology services and outsourcing company spans more than three decades.
LSI Board Appoints Seagate CFO
Fabless semiconductor developer LSI appointed Charles C. Pope, 40, EVP and CFO of Seagate Technology, to its board.
Booz Allen Board Appoints Financial Executive
Booz Allen has appointed Mark Gaumond, 60, to its board. Gaumond brings 35 years of leadership experience in finance and accounting to the board, including heading four service lines at Ernst & Young and tenure as a Partner at Arthur Andersen.
BI Software Maker Qlik Technologies Names Eighth Board Member
Qlik Technologies has named Deborah Hopkins 56, to its board. Hopkins is Chief Innovation Officer of Citi. Prior to joining Citi, she was CFO at Boeing, CFO at Lucent Technologies, and served on the board of directors of the DuPont Company for five years.
Other Functional Appointments include: David Bernardi, 48, to BroadSoft's board. Bernardi is CTO of Telesystemes; Mercury Federal Systems Division elected Dr. Donald M. Kerr, a research professor in George Mason University's, trustee at MITRE, and former Principal Deputy Director of National Intelligence, to its board.
Apple Top Mac OS Exec Leaves
Bertrand Serlet, 51, SVP, Mac Software Engineering, is leaving the company. Said to be close to Jobs, Serlet wants to focus more on science than products. Craig Federighi, Serlet's protègè is being promoted into the role.
Microsoft Exodus Continues, Insiders Promoted
Microsoft Names New President of Server and Tools Business
Satya Nadella, 43, is named President of the Server and Tools Business, overseeing strategy, engineering, marketing and product development for the server, tools and cloud platform efforts. Nadella joined Microsoft in 1992 and was formerly at Sun.
VMware Hires Key Microsoft Cloud Executive
Bob Muglia, 50, joined a growing group of so-called "Sofites" at VMware. Muglia took on the role of senior vice president of VMware's Server Business.
Microsoft's Most Senior Female Exec Quits, Retires
Mich Mathews, head of Microsoft's powerful marketing organization and one of Steve Ballmer's trusted lieutenants, is leaving the company after 22 years. Mathews controlled all of Microsoft's marketing and PR efforts for most of its history, including its multibillion-dollar ad budget.
Microsoft's Consumer Channels Promotes CMO From Within
Chris Capossela was promoted to CMO and SVP for Retail, Mobile Operations and Distribution. Products include: Windows, Windows Phone, Xbox and Office. He will also be responsible for Microsoft's marketing, advertising and corporate communications.
Microsoft Sues Major Cloud Evangelist at Salesforce.com
Matt Miszewski only stayed two months at Salesforce.com before Microsoft sued him. The well-known evangelist for cloud computing in the public sector was forced to sit on the bench. Prior to joining Microsoft, Miszewski was CIO for the state of Wisconsin.
As co-founder Larry Page, 37, returns to the role of CEO, we see many promotions at Google. Possibilities include Sundar Pichai, 44, as SVP of Chrome, Gundotra, 43, as SVP of Social, Rubin, 46, as SVP of mobile, Salar Kamangar, 34, as SVP of YouTube and Video, Alan Eustaceas as SVP of Search, as SVP of Ads, and Jonathan Rosenberg, 48, as SVP of Product Management.
Java's Godfather Joins Google
James Gosling, 55, is now on the Google team. Gosling, a former VP and fellow at Sun Microsystems—widely known as the "father of Java" thanks to his original design for the Java programming language—confirmed the move in a blog post. "I don't know what I'll be working on," he said. "I expect it'll be a bit of everything, seasoned with a large dose of grumpy curmudgeon."
Hearst Digital Media GM Joins Pitney Bowes Online Secure Delivery Service
Pitney Bowes has named Chuck Corday, 49, President of the Volly secure digital delivery service. Cordray was most recently SVP and GM of Digital Media at Hearst. He also held executive roles for TV Guide Publishing Group, Primedia, and Meredith.
HP Shares Tumble After News of Hogan's May 31 Departure
Tom Hogan, 50, decided to leave HP. He served as EVP of Sales and Marketing for HP's Enterprise Business group, with global responsibility for the sales and marketing of all products and solutions for the $57-billion-a-year business. Prior to this, Hogan turned around HP's software business. Hogan also served as the CEO of Software maker, Vignette and was an executive at Siebel Systems. Jan Zadak, Managing Director for HP Europe, the Middle East and Africa, will assume Hogan's role.
HP Poaches SAP's Consumer Marketing Exec
Consumer marketing exec Martin Homlish joins HP from SAP as CMO. He was most recently global CMO and CEO of SAP Global Marketing. He spent 15 years at Sony, including roles as President of Sony's Media Solutions Company, head of the Sony Electronic Corporate Marketing Services, President of Sony Consumer Audio Group, and President of Sony Computer Entertainment America.
HP Woos Award-Winning HR Rock Star
HP named Tracy Keogh, 49, as EVP of Human Resources. She comes to the tech giant from Hewitt Associates. Keogh succeeds Marcela Perez de Alonso, who is retiring from the role. It's a big job. HP has 320,000 employees.
HP Promotes New Growth Market Organization From Within
Brian Humphries was promoted to SVP of its Growth market organization to accelerate revenue opportunities in the world's fastest growing economies. He was most recently SVP of Strategy and Corporate Development at HP and has a financial and IR background.
Enterprise Software Moves
Oracle's Katz takes on Additional CFO Role
President Safra Catz, 49, is taking on the additional role of CFO on a permanent basis. Catz replaces the resigning Jeffrey Epstein, 53. Epstein's departure continues a history of short tenures for the Oracle CFOs that followed Jeffrey Henley, who held that position for a decade and is now Oracle's Chairman. His successors, Harry You and Greg Maffei, each held the job for less than a year.
Vendetta Continues: HP's Channel Chief Joins Oracle Asia Pac
Adrian Jones, former Americas Channel Chief for HP, has headed to Oracle to serve as SVP of Asia Pacific/Japan. His prior roles included SVP of Worldwide Sales & Services at McData and VP of Worldwide Sales at Quantum. In response, HP sued Adrian Jones, charging that he stole proprietary information about HP products and customers before leaving to take a job with its arch rival.
Robert Courteau was named President of the North America region. He was most recently COO of SAP GFO, responsible for the overall performance of operations throughout the company's regional sales, ecosystem, services and sales support teams. He joined SAP in 2004 as President of SAP Canada. He has also held executive roles at EDS and Xerox.
Jose Duarte, 41, was named president of Global Services. He is a 13-year SAP executive and has held leadership roles in EMEA, Latin America, India, Spain and Portugal.
Franck Cohen was named President of SAP EMEA. He joined SAP in 2009 as COO of EMEA. Cohen previously served in GM of EMEA roles of Lawson Software and Intentia.
Eric Duffaut, 52, was named President of Global Ecosystem & Channels, responsible for the firm's broader partner categories, along with inside sales, SAP EcoHub, web-store and the go-to-market team for the SAP Business ByDesign solution.
Sixteen-year SAP Veteran Robert Enslin, 56, was named President of Global Sales. He has also served as CEO of SAP Japan and SAP Latin America.
Sanjay Poonen was named President of the Global Solutions go-to-market to bring high-demand products to customers more quickly.
CA Appoints new CIO from BMC and VERITAS
Greg Valdez was named CIO at CA Technologies. He replaces Stephen Savage, who is now Chief Relations Officer. Valdez was previously CIO of BMC and VERITAS.
Autodesk Promotes 8-Year Veteran to Sales
Steve Blum was promoted to SVP of Worldwide Sales and Services. He previously served as EVP of Sales at Paragon, an asset management software company. He replaces Ken Badu, who is now CEO of Mark Logic.
Nuance Adds Sales Power, Splits Marketing and Sales Roles
Bill Nelson EVP of Worldwide Sales, Nuance. Nelson previously held EVP Sales roles at Sungard Availability Services and Nortel Networks. He has also served as SVP of EMC, and President of Lucent Service Provider Networks and Softswitch. Meanwhile, Nuance veteran marketer extraordinaire, Steve Chambers, 47, will continue in his role as CMO, in addition to other leadership responsibilities. Chambers had led Nuance's worldwide sales efforts since October 2009.
QlikTek Promotes Former Siebel/Oracle COO
BI software maker QlikTek has promoted Les Bonney, 53, to COO, running global sales and field operations. Booney held leadership roles in EMEA for StreamServe, Siebel and Oracle.
Intralinks Taps SAP and Oracle Veteran for Sales Leadership
Secure collaborative online digital workplaces firm Intralinks named Tom Kender EVP of Global Sales. He was most recently National VP of Edge Product Sales at SAP and SVP of SMB Global Business, and other roles, at Oracle.
JDA Software Promotes New Sales & Marketing Leader
Tom Dziersk, 47, was named EVP of Sales and Marketing. He joined JDA in 2006 as SVP of Americas. He was formerly CEO of ClearOrbit and held sales roles in emerging enterprise software companies.
Blackbaud Software Announces Target Analytics President
Richard Becker was appointed President of Target Analytics, a Blackbaud company. Formerly, he held roles at Equifax, ACS, and Bellsouth.
Pros Holdings Promotes Products Lead From Within
B2B pricing and revenue management software firm Pros Holdings promoted Oscar Moreno to lead overall product strategy and innovation. Prior to joining Pros, Oscar worked in software development at Avantel, an MCI Company.
Storage Software Companies
EMC Announces Two EMC Veterans as Presidents
26-year EMC Veteran Tom Heiser was named President of the company's RSA division. Heiser joined EMC in 1984 and has built a strong career in sales. He has also served as EMC's SVP of Corporate Development and New Ventures.
13-year EMC Veteran William "BJ" Jenkins, 45, was named President of EMC's Backup Recovery Systems (BRS) division. Jenkins has also held roles such as VP of Global Marketing; VP of Telecom, Media and Entertainment and Outsourcing Sales; VP of Global Field Marketing; and Director of Operations Global Channels. Prior to EMC, Jenkins was CEO of Snow River Products, and a Senior Consultant at Accenture.
Rackspace Hosting Suffers Financial Leadership Vacuum
Karl Pichler was announced Acting CFO as Rackspace conducts a search to permanently fill the position. Pichler replaces retiring Bruce Knooihuizen, 53.
Quest Software Names APAC GM
Systems management software provider Quest Software named Barrie Sheers as GM of the APAC group. He previously held positions in APAC at Sybase and EMC
Juniper Woos Female Cisco Marketing Veep, MSFT Consumer Marketing Exec
Luanne Tierney, 47, joins Juniper Networks as VP of Global Partner Marketing, from Cisco. Tierney's joined Cisco in 1996 and was most recently VP of Worldwide Partner Marketing.
Another Microsoft exec has left the Mother Ship. Brad Brooks joined Juniper Networks as VP of Worldwide Enterprise Marketing and Solutions. He was formerly Corporate VP for Windows Consumer Marketing and Product Management at Microsoft and has also served at Lucent Technologies and AT&T.
Extreme Networks' New CEO Builds Management Team
As Oscar Rodriguez adjusts to the new role of Extreme Networks CEO, he's not wasting any time building out his executive team. Recent notable recruits include David Ginsburg, the new Senior Vice President of Strategic Marketing. Jim Judson was named interim CFO following the departure of former CFO and interim CEO Bob Corey.
AOL's Big Moves
Two Techies Join AOL
Eric Singleton joined AOL as SVP of Technologies in the firm's Paid Service division. Previously, he served as CIO at Tommy Hilfiger Corporation; head of Worldwide E-Commerce at Raytheon; Vice President and CIO for divisions of Honeywell Aerospace and Honeywell Automotive (formerly AlliedSignal), and CIO for Columbia Energy.
Michael Manos was named AOL's SVP of Technologies, running technology operations. Most recently, he was VP of Nokia and SVP of Technical Services at Digital Realty Trust. He also held leadership positions at Microsoft, Walt Disney and Nuclio.
Ex-Googlers In and Out at AOL's MapQuest
Randy Meech, AOL's SVP of Engineering for Local & Mapping, quit to work at a yet unannounced startup. Meech was one of the many ex-Googlers that joined AOL after Google's old ad sales boss, Tim Armstrong, took AOL's top job back in 2009.
Vijay R. Bangaru was named AOL's VP of Product Management at MapQuest. He was formerly with Google Docs and Google Apps and was a Program Manager at Microsoft for SQL Server, and an engineer at Xilinx.
AOL Names Five Industry Practice Heads With Publishing Experience
AOL Announced five industry heads for CPG/Health, Travel, Entertainment, Automotive, and Finance. They all come from relevant publishing backgrounds such as Hearst, Yahoo!, TV Guide, Amex Publishing, Travel+Leisure Golf, and Bloomberg BusinessWeek. (For more details, please see our blog entry).
EA's Videogame COO Joins Maker of FarmVille
John Schappert left Electronic Arts to join Zynga as a senior executive. Zynga is a fast-growing social games startup in San Francisco that makes FarmVille, CityVille and other popular Facebook games. Schapert worked for Microsoft in the videogames division and prior to that was a long time at EA.
GSI Commerce Names Two New P&L Leaders
GSI Commerce named John Healy CEO of MBS Insight. Most recently, Healy served as CEO of Dydacomp, a leading commerce technology solution provider focused on helping retailers grow their business across all selling channels. Healy began his career at Pepsi, ADVO, R.L. Polk, Equifax, DoubleClick and PRIMIS Marketing Group.
Joe Gagnon was appointed as President of e-Dialog. Earlier this year, Gagnon joined e-Dialog as CCO and EVP of Product Marketing. Most recently, Ganon was CEO of Exit41. He previously served as global leader of IBM's Business Consulting Retail Industry and a Consulting Partner at Ernst & Young.
Constant Contact Names SVP, Chief Sales & Marketing Exec
Rick W. Jensen was named SVP and Chief Sales and Marketing Officer. He was formerly at Intuit, GE Capital, and U.S. Bancorp and is an expert at consumer and small business marketing and sales.
Vell's Recent Placements
Vell has been busy in the first quarter. Here are some of our most recent placements:
Pitney Bowes– President, Volly
Digital Mail Delivery & Communications Service
$50m Marketing Mobile Device Management Software
Senior Vice President, Engineering
$100m New England Company
For other recent board, CEO and executive placements, please visit our Recent Placements