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October 02, 2007

Sir Roy Anderson joins Glaxo Board, and More Board News

Sir Roy Anderson has been appointed as a non-executive director and will join the Board of Directors for GlaxoSmithKline PLC, a leading pharmaceutical firm headquartered in the U.K. with operations in the U.S.  Anderson, a professor of infectious disease epidemiology at Imperial College in London, was most recently the Chief Scientific Advisor to the UK’s Ministry of Defense.

                            

 

Trident Microsystems, Inc. has announced that Sylvia D. Summers will be the company’s new CEO effective October 17. Summers, who will also fill a vacancy on the Board of Directors after its expandsion to six members, will succeed Glen M. Antle, who has served as Chairman and acting CEO since former Chairman and CEO Frank C. Lin resigned last November, after an investigation found the company had used incorrect measurement dates when accounting for stock options grants.

 

Summers has held positions with Advanced Micro Devices, Inc., Cisco Systems, Inc., and Storage Technology Corp., and has served as president and CEO of the privately held Silvan Networks.

 

                               

 

Amid other changes, eBay, Inc. has announced that Niklas Zennstrom has stepped down as CEO of Skype, a networkking website that it acquired in 2005 and which Zennstrom co-founded in 2003. In turn, Zennstrom will now become the non-executive chairman of Skype’s Board of Directors, and taking his place as acting CEO will be eBay CSO Michael van Swaajj, until the company finds a permanent successor.

 

Additionally, Skype President Henry Gomez, who remained a senior vice president at eBay during his two-year stint at Skype, will return to eBay as senior vice president for corporate affairs. eBay has also announced that it paid nearly $530 million to settle all of its future obligations under an earn-out agreement signed with certain Skype shareholders when the company was acquired by eBay in 2005.

 

                               

 

Starting January 1, 2008, Alan D. Wilson will take over as president and CEO of McCormick & Company, Inc., a leader in distributing spices and seasonings to the food industry, the company announced today. Wilson, who was elected to the role by McCormick & Co.’s Board of Directors, will also join the Board, effective November 27. Wilson, who has been with McCormick & Co. since 1993, was named president and COO of the company last December. McCormick’s current president and CEO, Robert J. Lawless, announced that he plans to retire on January 1, but will continue to serve on the Board.

 

                               

 

i2 Technologies, Inc. announced an update today on its search for a CEO. It was stated during the company’s second quarter earnings call in August that the board of directors’ goal was to find a candidate by the end of the third quarter. Having interviewed an outstanding list of possibilities, including interim CEO Pallab Chatterjee, the Board has since narrowed the list down and is pleased with the finalists, the company has said. A selection is expected to be made in the next 30 to 45 days.

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