Microsoft Appoints MD for its India Lab
Microsoft announced the appointment of Sriram Rajamani as the new managing director of its India lab. Based in Bangalore, Sriram will spearhead Microsoft India's continued focus on research, innovation and collaboration with the scientific community. He replaces Chandu Thekkath, who previously was managing director of the lab for 2 years. Prior to joining the India lab, he headed the Software Productivity Tools group within Microsoft's Redmond research lab.
Facebook Taps Snapdeal’s Chief Product Officer
Facebook has appointed former Chief Product Officer at Snapdeal and Bharti Airtel, Anand Chandrasekaran for its Messenger platform. In a global role, Chandrasekaran will be working out of the Silicon Valley headquarters of the company and will help develop strategies and partnerships for the platform that already boasts of a billion users globally. Chandrasekaran, who served as the senior director of mobile and search products at Yahoo between 2011 and 2014, worked with Airtel and Snapdeal in India in the past two and a half years.
Samsung Electronics Nominates Jay Y. Lee to Board
Samsung Electronics has nominated Jay Y. Lee, the son of its longtime chairman, to its board of directors. More than two years after the hospitalization of Chairman Kun-Hee Lee, the Board of Samsung Electronics believes that the time is now right to nominate Jay Y. Lee as a member of the Board to allow him to take a more active role in the Company's strategic decision-making. Following Lee's appointment, Sang-Hoon Lee, who will continue as CFO, plans to stand down from his position on the Board in order to maintain the Board's current structure of four members of the management and five independent outside directors.
Google Appoints Former Airbnb Executive for Self-Driving Car Project
Google announced that Shaun Stewart, a former Airbnb executive, has been appointed as the new director of its self-driving car project. Stewart will help the company in commercializing Google's self-driving technology, which has been in development for more than seven years, reported Reuters. The hiring follows the departure of Chris Urmson, who served as chief technical officer of the self-driving car project.
Alibaba Health Information Technology Announces Retirement of Executive Director and Executive Vice Chairman
Alibaba Health IT announced that Chen Xiao Ying, 53, retired from office as an executive Director and the executive vice chairman of the company. Ying has been the Executive Chairman at the Pollon Group, a private investment group, since 1989. Chen served as the CEO of Alibaba Health Information Technology Limited 2014.
- Total Tech Exec Roles Open: 93
- New Tech Exec Appointments: 92 (3 women or 3.26%, 89 men)
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.
Detailed Version of Newsletter for month ended August 2016
Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of August 2016.
The average length of time the CEO searches have been open is 8 months, up from 6.5 months earlier this year. There is little variance across geographies.
Total Tech CEO Roles Open: 133
New Tech CEO Appointments: 89 (6 women, 83 men)
Intel Appoints UC Berkeley Professor to Serve on its Board
Intel elected Dr. Tsu-Jae King Liu to serve on its board of directors. She is a professor of electrical engineering and computer science at the University of California, Berkeley.
Public Utility Company Appoints CEO of Avid Technology as Director
Electricity supplier Edison International and Southern California Edison announced that Louis Hernandez, Jr. has been elected to the board of directors of each company. Hernandez, is chairman, president and CEO of Avid Technology, a provider of solutions used by media organizations and creative professionals. Prior to joining Avid in 2013, Hernandez was the chairman and CEO of Open Solutions, a technology provider to financial institutions worldwide. He is a proven growth-oriented executive who has founded, operated or invested in technology companies focused on Sports and Media, e-Commerce and Financial Services.