Tag Archives: chief executive officer

Microsoft CEO Steve Ballmer to retire within 12 months

By Guest PostAugust 23, 2013TechnologyBill Gates, board of directors, chief executive officer, chuck noski, microsoft ceo, retire, steve ballmer, steve luczo

Board of directors initiates succession process; Ballmer remains CEO until successor is named.

REDMOND, Wash. — Aug. 23, 2013 — Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company’s transformation to a devices and services company. We need a CEO who will be here longer term for this new direction.” (more…)

IBM CEO Study: Command & Control Meets Collaboration

By Guest PostMay 23, 2012Technologybridget van kralingen, business analytics, ceos, chief executive officer, collaboration, command and control, data, economic, face to face, human relationship, ibm ceo study, ibm study, innovation, interaction, internet, key influence, market condition, modern corporation, peter voser, royal dutch shell, social business platforms, social media, social network, Technology

CEOs embark on a new era of leadership as they embrace a more connected culture

ARMONK, N.Y. – A new IBM study of more than 1,700 Chief Executive Officers from 64 countries and 18 industries worldwide reveals that CEOs are changing the nature of work by adding a powerful dose of openness, transparency and employee empowerment to the command-and-control ethos that has characterized the modern corporation for more than a century.

The advantages of the fast-moving trend are clear. According to the IBM CEO study, companies that outperform their peers are 30 percent more likely to identify openness – often characterized by a greater use of social media as a key enabler of collaboration and innovation – as a key influence on their organization. Outperformers are embracing new models of working that tap into the collective intelligence of an organization and its networks to devise new ideas and solutions for increased profitability and growth. (more…)

Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO

By Guest PostMay 13, 2012Technologyarthur kern, board of directors, chairman, chief executive officer, common stock, daniel s loeb, fred amoroso, gary wilson, harry j wilson, michael j wolf, patti hart, ross levinsohn, roy bostock, scott thompson, third point llc, vj joshi, Yahoo

Board Announces Settlement with Third Point LLC

SUNNYVALE, Calif. — Yahoo! Inc. today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors and Ross Levinsohn as interim Chief Executive Officer, effective immediately. The Company also announced that its Board has reached an agreement with Third Point LLC (“Third Point”) to settle its pending proxy contest related to the Company’s 2012 annual meeting of shareholders.

Mr. Amoroso replaces Roy Bostock, who has stepped down from his role as Non-Executive Chairman in order to accelerate the leadership transition for the new Board. Mr. Levinsohn replaces Scott Thompson, former Chief Executive Officer, who has left the Company. (more…)

Microsoft Reports Record Third-Quarter Revenue

By Guest PostApril 19, 2012Technologychief executive officer, dynamics crm revenue, internal revenue service, kevin turner, Microsoft, microsoft corp., operating income, peter klein, quarterly revenue, sql server, steve ballmer, windows 8 pcs, windows live division, xbox, xbox live

Strong business demand drives double-digit operating income growth.

REDMOND, Wash. — Apr. 19, 2012 — Microsoft Corp. today announced quarterly revenue of $17.41 billion for the quarter ended Mar. 31, 2012, a 6% increase from the prior year period. Operating income was $6.37 billion, up 12% from the prior year period.

Net income and diluted earnings per share for the quarter were $5.11 billion and $0.60 per share, compared with $5.23 billion and $0.61 per share, respectively, in the prior year period. Prior year net income and diluted earnings per share included a $461 million or $0.05 per share tax benefit primarily related to a tax settlement with the U.S. Internal Revenue Service. (more…)

Three New Independent Directors Appointed to Yahoo! Board

By Guest PostMarch 25, 2012Technologyalfred amoroso, board, chairman, chief executive officer, daniel loeb, global advertising, harry wilson, john d hayes, maynard webb, patti hart, peter liguori, roy bostock, stockholders, thomas j mcinerney, Yahoo

SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today announced that its Board appointed three new independent directors, effective April 5, 2012 : John D. Hayes, Executive Vice President and Chief Marketing Officer of American Express Company; Peter Liguori, former Chief Operating Officer of Discovery Communications, Inc. and former Chairman and President of Entertainment of Fox Broadcasting Network; and Thomas J. McInerney, the outgoing Chief Financial Officer of IAC/InterActiveCorp.

“Each of these individuals impressed the search committee with their demonstrable records of significant accomplishment at the highest levels of media, advertising and marketing, finance, including corporate finance and restructuring, and further insight into customers’ perspectives. Together, they bring a powerful mix of exactly the right ingredients to fuel Yahoo!’s forward momentum. Having thoroughly reviewed a broad range of highly qualified candidates and sought input from a number of major shareholders, the Committee enthusiastically recommended to the full Board the appointment of these three excellent directors,” said Patti Hart, chairman of the Board’s Nominating and Corporate Governance Committee, which conducted the search process. (more…)

Yahoo! Releases Chairman’s Update for Shareholders

By Guest PostFebruary 7, 2012Technologyalfred amoroso, alibaba group, brad smith, chairman, chief executive officer, international game technology, Jerry Yang, maynard webb, patti hart, roy bostock, scott thompson, shareholder, Yahoo, yahoo board, yahoo japan

SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today released the following shareholder update from its Chairman Roy Bostock.

Dear Fellow Shareholders:

I write today to update you on the actions the Yahoo! board has taken, and the actions it is pursuing, to increase shareholder value and position the Company for growth. These actions result from a process I initiated about six months ago in a special meeting of the independent directors in which we analyzed the reasons why Yahoo! was not meeting either our own expectations or those of our shareholders. (more…)

Yahoo! Announces Resignation of Jerry Yang

By Guest PostJanuary 17, 2012Technologyalibaba group, board of directors, chief executive officer, david filo, employees, future is bright, innovative products, Jerry Yang, legacy of innovation, pioneer, roy bostock, scott thompson, shareholders, stakeholders, visionary, Yahoo, yahoo japan corporation

SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today.

In a letter to the Yahoo! Board Chairman Roy Bostock, Yang wrote:

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.” (more…)

Yahoo! Appoints Scott Thompson Chief Executive Officer

By Guest PostJanuary 4, 2012Technologybarclays global investors, ceo, chief executive officer, chief financial officer, chief technology officer, coopers and lybrand, digital media company, ebay, era of success, formula, industry experience, paypal, roy bostock, scott thompson, tim morse, track record, Yahoo

SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today announced the appointment of Scott Thompson as Chief Executive Officer, effective January 9, 2012 , at which time Tim Morse will resume his role as Chief Financial Officer. Thompson has also been appointed to the Company’s Board of Directors, effective January 9, 2012.

Thompson served most recently as President of PayPal, a division of eBay, where he continued his established track record of growing businesses by driving customer engagement built on strong technology platforms. Under his leadership, PayPal solidified its lead as the global online payment service, expanding its user base from 50 million to more than 104 million active users in 190 countries worldwide, increasing the number of merchant partners to more than 8 million globally, and growing revenues from $1.8 billion to $4+ billion in 2011. (more…)