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30 Notable IT Executive Moves: October 2018

October was a big month for IT executive moves in the channel, including CEOs at GE, Datto and Veeam stepping down as well as major appointments at PTC, Docker and Zscaler.

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Industrial conglomerate General Electric had a major executive shake-up in early October when former CEO John Flannery resigned, making way for the appointment of Larry Culp, GE's new chief executive.

GE wasn't the only company to lose a CEO in October. Datto also announced that its CEO was stepping down while one of Veeam Software's co-CEOs also left his position.

There were other major IT executive moves in October, with companies like Intel, Toshiba, Docker, PGi, Wasabi and Zscaler all making big appointments. In the following slides, check out our picks for the 30 most significant executive moves that took place in the channel last month.

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Larry Culp

General Electric appointed H. Lawrence Culp as its new chairman and CEO, replacing John Flannery, the longtime GE executive who only served in the top leadership post for a year.

Flannery was appointed chairman and CEO last year after GE's previous CEO, Jeff Immelt, failed to stem a dramatic drop in stock price over his tenure as he tried to transform GE into a digital company. Despite Flannery's efforts to restructure the company, it wasn't enough for shareholders or the board.

Culp spent most of his career at Danaher Corp., a Washington, D.C.-based company where he worked for roughly 25 years and served as CEO from 2000 to 2014.

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Austin McChord

Austin McChord, who in 2007 founded Datto as a college student working from his family's basement, said he was stepping down as CEO for personal reasons.

Tim Weller, Datto's president and chief operating officer, will step in to manage the Norwalk, Conn.-based company's day-to-day operations. McChord, meanwhile, will remain a member of Datto's board of directors and will remain one of the company's major shareholders.

He is not the first McChord to leave Datto. McChord’s brother, Ian McChord, earlier in October retired as vice president of product management, citing a desire to look for opportunities beyond Datto—which had been his only full-time job after college.

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Peter McKay

Veeam Software Co-CEO and President Peter McKay left the company amid a broad shake-up of the fast-growing firm's executive team.

McKay was at Veeam for a little over three years and had been co-CEO, president and a member of the Baar, Switzerland-based company's board of directors since July 2016. He said in a tweet that his time at the data availability software firm was "one of the most satisfying periods of my career."

The restructuring makes Veeam co-founder and co-CEO Andrei Baronov the company’s sole CEO and co-founder Ratmir Timashev executive vice president of worldwide sales and marketing. Timashev was sole CEO before McKay was hired. Board member William Largent was made executive vice president of operations.

 
 
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