The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili


Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili
The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe.

“We have the problem of a global cryptocurrency company figuring out how to talk about security, in a way that plays in Japan in San Francisco and in Europe, and across the age divide, in a way that actually resonates to the people we’re talking to,” he said.

Coinbase is one of the largest cryptocurrency trading and payment platforms, most recently valued at around $8 billion, and supports more than a quarter million bitcoin transactions per day.

Financial companies have to deal with encryption as part of the day-to-day security duties. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. But cryptocurrency wallets are different, because encryption plays such a fundamental role. This is new to a lot of consumers working with Bitcoin for the first time, Martin said.

“We deal with long-lived keys that we generate that live for a very long time, that are the direct controller of liquid value,” said Martin, who previously served as an information security lead at Palantir Technologies and in U.S. Army counterintelligence.

“Possession of a key is possession of your currency. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no ability to get [the value] back.”

This makes the stakes of theft of encrypted data more severe, than, say, the theft of encrypted social security data at a financial institutions, he explained. “The consequences of loss are much higher.” It also means attackers are much more aggressive about gaining access to that encryption, he said.

Those high consequences mean Coinbase’s security organization must help contribute to a broad communication plan to customers, that helps explain clearly how to handle their keys, passwords and other important information for securing their accounts.

For those new to cryptocurrency, “a lot of work is going to how do I interact with the ecosystem? How do I act differently here than if I am protecting my social media account?” he said.

Traditional banks have an advantage, he added, in that “transactions in the traditional fiat system are reversible,” whereas transactions via blockchain are by and large irrevocable. Banks might have more problems with wire fraud involving CEO impersonation, but cryptocurrency users are often subject to cold-call “tech support” scams, he said, in which a criminal calls a customer to convince them to give up valuable security information, starting with “I’m here to help you with your coinbase account problem.”


Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


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Palo Alto Networks drops 7% on news that head of sales is leaving

Ex-SEC chief questions Markopolos for not bringing GE claims as a…”If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt. Investingread more


Ex-SEC chief questions Markopolos for not bringing GE claims as a…”If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt. Investingread more
Palo Alto Networks drops 7% on news that head of sales is leaving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, sec, alto, networks, markopolos, head, potential, questions, sales, potentially, palo, recovery, harvey, leaving, pittinvestingread, drops, ge, reap


Palo Alto Networks drops 7% on news that head of sales is leaving

Ex-SEC chief questions Markopolos for not bringing GE claims as a…

“If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt.

Investing

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, sec, alto, networks, markopolos, head, potential, questions, sales, potentially, palo, recovery, harvey, leaving, pittinvestingread, drops, ge, reap


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Greenland to Trump: ‘We’re open for business, not for sale’

Fed may not have enough firepower to prevent a recessionPresident Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition. The Fedread more


Fed may not have enough firepower to prevent a recessionPresident Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition. The Fedread more
Greenland to Trump: ‘We’re open for business, not for sale’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, recessionpresident, greenland, slowdown, pressing, prevent, fed, firepower, head, business, open, help, sale, fedread, trump


Greenland to Trump: 'We're open for business, not for sale'

Fed may not have enough firepower to prevent a recession

President Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition.

The Fed

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, recessionpresident, greenland, slowdown, pressing, prevent, fed, firepower, head, business, open, help, sale, fedread, trump


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EU nominates Kristalina Georgieva as the next IMF chief

The European Union has nominated Kristalina Georgieva to lead the International Monetary Fund (IMF), ending weeks of impasse among 28 countries. Last month, Christine Lagarde resigned as the managing director of IMF to take on a new role as the next head of the European Central Bank (ECB). The candidates in the running also included:Jeroen Dijsselbloem, former Dutch finance minister and president of the Eurogroup (which brings together the 19-euro zone finance ministers). Their trade war is seen


The European Union has nominated Kristalina Georgieva to lead the International Monetary Fund (IMF), ending weeks of impasse among 28 countries. Last month, Christine Lagarde resigned as the managing director of IMF to take on a new role as the next head of the European Central Bank (ECB). The candidates in the running also included:Jeroen Dijsselbloem, former Dutch finance minister and president of the Eurogroup (which brings together the 19-euro zone finance ministers). Their trade war is seen
EU nominates Kristalina Georgieva as the next IMF chief Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: silvia amaro
Keywords: news, cnbc, companies, kristalina, nominates, european, war, head, eu, zone, finance, imf, trade, georgieva, central, chief, world


EU nominates Kristalina Georgieva as the next IMF chief

The European Union has nominated Kristalina Georgieva to lead the International Monetary Fund (IMF), ending weeks of impasse among 28 countries.

Georgieva, from Bulgaria, is currently serving as chief executive of the World Bank.

Last month, Christine Lagarde resigned as the managing director of IMF to take on a new role as the next head of the European Central Bank (ECB). European officials found themselves in a standoff and decided to take a vote in order to nominate the most-favored candidate.

The candidates in the running also included:

Jeroen Dijsselbloem, former Dutch finance minister and president of the Eurogroup (which brings together the 19-euro zone finance ministers).

Nadia Calvino, the Spanish finance minister.

Olli Rehn, central bank governor of Finland and former European commissioner for the euro.

IMF member countries can make nominations until September 6. After that, the IMF board will interview the nominated candidates and aim to complete the process of selecting IMF’s new head by October 4.The IMF has always been led by a European, since the institution’s creation. In contrast, the United States get to appoint the president of the World Bank.

Back in 2011, when Christine Lagarde was appointed to lead the IMF, there were two main topics to deal with: rebuilding the reputation of the IMF after a scandal involving its previous chief and supporting the euro zone during the sovereign debt crisis. Now, the global landscape is arguably more complex than eight years ago.

The U.S. and China have been on a trade dispute for about two years. Their trade war is seen as the biggest stumbling block to global growth. At the same time, there is a strong focus on monetary policy – how central banks decide to support the various economies and whether their tools are still effective after nearly a decade since the sovereign debt crisis.

“Whoever is going to head the IMF needs to be ready to go to war. The war is trade war, currency war – those are emerging risks that need to be addressed,” Mouhammed Choukeir, chief Investment officer at Kleinwort Hambros told CNBC earlier this week.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: silvia amaro
Keywords: news, cnbc, companies, kristalina, nominates, european, war, head, eu, zone, finance, imf, trade, georgieva, central, chief, world


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Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave

(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California. Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC. Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees


(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California. Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC. Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees
Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eugene kim
Keywords: news, cnbc, companies, business, ceo, head, prime, taking, svp, leave, executive, advertising, 1year, video, amazon, executives, amazons, blackburn, entertainment, jeff


Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave

(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California.

Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC.

Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees a number of businesses, including Amazon’s video streaming and advertising units. Geekwire was first to report the news about his sabbatical.

Amazon’s spokesperson confirmed his leave in an email statement sent to CNBC.

“Jeff Blackburn has decided to take a one year sabbatical with his wife and extended family following more than 21 years at Amazon, leading everything from our third party business, to Prime Video, Amazon Studios, Amazon Music, and Amazon Advertising. Jeff’s sabbatical will begin in early 2020, and we look forward to welcoming him back in 2021,” Amazon’s spokesperson said.

Blackburn’s leave is significant, given how he’s been one of the longest-serving executives at the company. He was often mentioned as one of the top candidates to succeed Bezos, if the CEO chooses to step down one day.

It’s also the latest high-profile change in Bezos’s S-team, his tight knit group of senior executives that see very little turnover. Last year, SVP of marketplace Sebastian Gunningham left for WeWork, while SVP of international business Diego Piacentini decided not to return to Amazon after taking a two-year leave.

Blackburn currently owns 71,000 Amazon shares, which is worth roughly $132.5 million. Among S-team members, only AWS CEO Andy Jassy, who owns 93,000 shares, has a larger ownership stake.

In 2017, during a rare on-stage interview with CNBC’s Julia Boorstin at a Vanity Fair event, Blackburn explained Amazon’s decision to strike a streaming deal with the NFL to carry Thursday night games for Prime subscribers. Viewers got the option of choosing between the Fox broadcast with Joe Buck and Troy Aikman as commentators, or a separate stream featuring an all-female duo of Andrea Kremer and Hannah Storm.

“For us in live sports, it’s a content type that Prime members care about and they’ve told us they want that,” Blackburn said at the event. “We’ve looked all different kinds of things all over the world. We actually have been for a while.”


Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eugene kim
Keywords: news, cnbc, companies, business, ceo, head, prime, taking, svp, leave, executive, advertising, 1year, video, amazon, executives, amazons, blackburn, entertainment, jeff


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The pound may head toward $1.10 if there’s a no-deal Brexit: DBS

The pound may head toward $1.10 if there’s a no-deal Brexit: DBS22 Hours AgoRadhika Rao of DBS Bank says there are factors stacked against the British pound in the third quarter.


The pound may head toward $1.10 if there’s a no-deal Brexit: DBS22 Hours AgoRadhika Rao of DBS Bank says there are factors stacked against the British pound in the third quarter.
The pound may head toward $1.10 if there’s a no-deal Brexit: DBS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26
Keywords: news, cnbc, companies, factors, theres, stacked, nodeal, quarter, dbs22, head, dbs, rao, pound, brexit, 110, hours


The pound may head toward $1.10 if there's a no-deal Brexit: DBS

The pound may head toward $1.10 if there’s a no-deal Brexit: DBS

22 Hours Ago

Radhika Rao of DBS Bank says there are factors stacked against the British pound in the third quarter.


Company: cnbc, Activity: cnbc, Date: 2019-07-26
Keywords: news, cnbc, companies, factors, theres, stacked, nodeal, quarter, dbs22, head, dbs, rao, pound, brexit, 110, hours


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New head of the FAA inherits an agency in turmoil after Boeing 737 Max crashes

Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee for U.S. President Donald Trump, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., U.S., on Wednesday, May 15, 2019. President Donald Trump’s pick to lead the Federal Aviation Administration was confirmed by the Senate on Wednesday, a vote that hands the former Delta Air Lines executive the reins of an agency in turmoil after two fatal Boeing 737 Max crashes. Senate vo


Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee for U.S. President Donald Trump, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., U.S., on Wednesday, May 15, 2019. President Donald Trump’s pick to lead the Federal Aviation Administration was confirmed by the Senate on Wednesday, a vote that hands the former Delta Air Lines executive the reins of an agency in turmoil after two fatal Boeing 737 Max crashes. Senate vo
New head of the FAA inherits an agency in turmoil after Boeing 737 Max crashes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: leslie josephs
Keywords: news, cnbc, companies, boeing, max, aviation, grounding, dickson, inherits, crashes, transportation, senate, 737, faa, agency, planes, head, turmoil, stephen, delta


New head of the FAA inherits an agency in turmoil after Boeing 737 Max crashes

Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee for U.S. President Donald Trump, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., U.S., on Wednesday, May 15, 2019.

President Donald Trump’s pick to lead the Federal Aviation Administration was confirmed by the Senate on Wednesday, a vote that hands the former Delta Air Lines executive the reins of an agency in turmoil after two fatal Boeing 737 Max crashes.

Democratic lawmakers had opposed the nomination of Stephen Dickson, Delta’s former senior vice president of flight operations, citing a lawsuit brought by a Delta pilot who accused the airline of retaliating against her for flagging safety concerns during Dickson’s tenure. Delta said it does not tolerate retaliation against employees who raise those concerns.

The FAA hasn’t had a permanent chief since January 2018 and interim head Daniel Elwell has been at the helm during two crashes of Boeing passenger planes — one in Indonesia and another in Ethiopia — that killed all 346 people aboard the flights.

Senate voted 52-40 to confirm Dickson as administrator of an agency that will determine when to lift the 737 Max grounding, now in its fifth month. Boeing shares slipped close to 3% on Wednesday after its executives warned investors that it could suspend production of the jets altogether if the grounding drags on longer than expected.

Dickson will have to navigate numerous investigations and increased scrutiny of the FAA’s certification process, and its approval of the planes in 2017. The use of Boeing employees in the certification process, a longstanding practice, has raised concerns among lawmakers and others that the regulator and a company it oversees were too close.

Crash investigators have implicated new, automated flight-control software that repeatedly pushed down the nose of both of the Boeing planes repeatedly as they took their fatal dives. Some pilots said they didn’t know the systems existed until after the first crash.

The FAA also drew scrutiny as the last major aviation authority to order airlines to ground the planes after the second crash, a sharp shift from the agency’s usual lead role in air safety issues, like the grounding of Boeing’s 787s due to battery fires in 2013.

Dickson worked for Delta for nearly three decades and retired last year. He is a former airline captain and a former F-15 fighter pilot.

Dickson will have to divest his Delta stock before he is sworn in, according to the Department of Transportation.


Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: leslie josephs
Keywords: news, cnbc, companies, boeing, max, aviation, grounding, dickson, inherits, crashes, transportation, senate, 737, faa, agency, planes, head, turmoil, stephen, delta


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Facebook Libra head says it will be subject to regulatory oversight and review

Facebook Libra head says it will be subject to regulatory oversight and review8 Hours AgoThe testimony of David Marcus, the head of Facebook’s digital wallet unit Calibra, was released. He addressed the direction of Facebook’s digital asset Libra. CNBC’s Ylan Mui reports.


Facebook Libra head says it will be subject to regulatory oversight and review8 Hours AgoThe testimony of David Marcus, the head of Facebook’s digital wallet unit Calibra, was released. He addressed the direction of Facebook’s digital asset Libra. CNBC’s Ylan Mui reports.
Facebook Libra head says it will be subject to regulatory oversight and review Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, regulatory, oversight, ylan, subject, review, testimony, wallet, libra, unit, facebook, facebooks, head, digital, review8


Facebook Libra head says it will be subject to regulatory oversight and review

Facebook Libra head says it will be subject to regulatory oversight and review

8 Hours Ago

The testimony of David Marcus, the head of Facebook’s digital wallet unit Calibra, was released. He addressed the direction of Facebook’s digital asset Libra. CNBC’s Ylan Mui reports.


Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, regulatory, oversight, ylan, subject, review, testimony, wallet, libra, unit, facebook, facebooks, head, digital, review8


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Glamour editor-in-chief would give her younger self this piece of money advice

Glamour editor-in-chief Samantha Barry isn’t bashful when it comes to talking about money. “My advice for my 20-year-old self is to be more financially literate at a younger age,” says Barry, who’s a member of CNBC’s Financial Wellness Advisory Council. “Knowing your worth, knowing what you are spending, knowing what you are investing, knowing your credit rating. In the past 18 months since signing on as editor-in-chief, Barry’s team has made it a priority to start a dialogue surrounding money.


Glamour editor-in-chief Samantha Barry isn’t bashful when it comes to talking about money. “My advice for my 20-year-old self is to be more financially literate at a younger age,” says Barry, who’s a member of CNBC’s Financial Wellness Advisory Council. “Knowing your worth, knowing what you are spending, knowing what you are investing, knowing your credit rating. In the past 18 months since signing on as editor-in-chief, Barry’s team has made it a priority to start a dialogue surrounding money.
Glamour editor-in-chief would give her younger self this piece of money advice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: anna hecht
Keywords: news, cnbc, companies, self, glamour, financial, younger, money, piece, knowing, head, unable, started, barry, editorinchief, surrounding, advice, worked


Glamour editor-in-chief would give her younger self this piece of money advice

Glamour editor-in-chief Samantha Barry isn’t bashful when it comes to talking about money. She feels strongly about the importance of being financially literate and highly recommends others educate themselves for the purpose of bettering their financial futures.

“My advice for my 20-year-old self is to be more financially literate at a younger age,” says Barry, who’s a member of CNBC’s Financial Wellness Advisory Council.

“I definitely spent a lot of my early twenties with my head in the sand like, ‘I don’t need to worry about money’ or ‘I don’t need to think about it that much,'” Barry says. “It wasn’t until I started thinking about things like saving, investing and how much money was going in and out of my account that I took my head out of the sand and started setting real goals.”

As the head of a women’s brand, Barry says she is especially concerned with the financial well-being of women.

“The sooner that we talk to younger women and girls about their financial literacy the better,” Barry says. “Knowing your worth, knowing what you are spending, knowing what you are investing, knowing your credit rating. That is so personal to us at Glamour, and it’s so important for women.”

Research backs up Barry. According to a survey from the Finra Foundation, more than half of Americans were unable to pass a basic financial literacy exam. When asked five questions covering aspects of economics and personal finance, 63% were unable to answer more than three correctly.

In the past 18 months since signing on as editor-in-chief, Barry’s team has made it a priority to start a dialogue surrounding money. When having conversations surrounding a sensitive topic like money, Barry says honesty and speaking to people from differing backgrounds is key.

“I, like most people, have had a complicated relationship with money at times,” Barry says. “I have worked as a freelancer, worked paycheck to paycheck, and I have even taken a job I much preferred over the higher paid one.

“It can sometimes feel very alienating if a person is coming in to tell you about money that has has only experienced plain sailing with all of the money conversations in their entire life.”


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: anna hecht
Keywords: news, cnbc, companies, self, glamour, financial, younger, money, piece, knowing, head, unable, started, barry, editorinchief, surrounding, advice, worked


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Google Cloud adds its first North American sales head as it tries to catch up to Microsoft and Amazon

The latest appointment comes as Google Cloud CEO Thomas Kurian executes his plan to aggressively expand its sales team as the company tries to catch up to leading cloud competitors Amazon and Microsoft . Kirsten Kliphouse will lead North America sales as the company goes after enterprises, mid-market customers and small and midsize businesses, the company told CNBC. The new executive hires also come as the company announced three tuck-in acquisitions in less than two months. Google Cloud announc


The latest appointment comes as Google Cloud CEO Thomas Kurian executes his plan to aggressively expand its sales team as the company tries to catch up to leading cloud competitors Amazon and Microsoft . Kirsten Kliphouse will lead North America sales as the company goes after enterprises, mid-market customers and small and midsize businesses, the company told CNBC. The new executive hires also come as the company announced three tuck-in acquisitions in less than two months. Google Cloud announc
Google Cloud adds its first North American sales head as it tries to catch up to Microsoft and Amazon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jennifer elias
Keywords: news, cnbc, companies, head, google, catch, plans, microsoft, amazon, announced, told, cloud, north, american, week, tries, company, sales


Google Cloud adds its first North American sales head as it tries to catch up to Microsoft and Amazon

The latest appointment comes as Google Cloud CEO Thomas Kurian executes his plan to aggressively expand its sales team as the company tries to catch up to leading cloud competitors Amazon and Microsoft . Kurian this week also brought on his former Oracle colleague of 20 years, Eduardo Lopez, as Google Cloud’s first sales head of Latin America.

Kirsten Kliphouse will lead North America sales as the company goes after enterprises, mid-market customers and small and midsize businesses, the company told CNBC. She will also oversee how customers use G-suite as well as broader Google services.

The new executive hires also come as the company announced three tuck-in acquisitions in less than two months. Google Cloud announced plans to acquire data analytics firm Looker for $2.6 billion in June. Last week, it announced Google’s cybersecurity company Chronicle would move from an Alphabet spin-out into Google’s cloud umbrella. Then, this week, it announced plans to acquire cloud storage company Elastifile for an undisclosed price.

“Kirsten and Eduardo are inspirational business leaders who will ensure we continue to build strong relationships with users, including HSBC, UPS, Whirlpool and many others, ” Rob Enslin, president of global customer operations for Google Cloud, told CNBC in an email. “Their expertise in running multi-billion dollar sales organizations and managing large teams will be invaluable as we focus on accelerating our growth.”

Kliphouse was most recently at Red Hat, which is now part of IBM, and previously spent almost a decade at Microsoft. She will step into an executive role rarely held by women in a male-dominated tech industry. She told CNBC she views the job as an “opportunity to influence” with her leadership.

“There have been many challenging moments, but it’s all worth it if I can help open more doors for the next generation of leaders, especially those of underrepresented backgrounds, who have historically not had a fair playing field,” Kliphouse said. “Being an active mentor and corporate sponsor has always been important to me, and I’ll continue to strongly focus on this area at Google Cloud.”

WATCH: Amazon, Google, pose risk to smaller cloud companies


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jennifer elias
Keywords: news, cnbc, companies, head, google, catch, plans, microsoft, amazon, announced, told, cloud, north, american, week, tries, company, sales


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