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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
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Docker Names Former Concur Exec as New CEO

Barb Darrow
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Barb Darrow
Barb Darrow
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Barb Darrow
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Barb Darrow
Barb Darrow
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May 2, 2017, 9:40 AM ET

Docker, a closely-watched company that has backed containers as the modern way to build software, named former Concur executive Steve Singh as its CEO and chairman.

Former CEO Ben Golub announced the news early Tuesday. Singh joined Docker’s board in November. Golub said he will join Docker’s board.

Singh was formerly CEO of Concur, and upon that company’s acquisition by SAP (SAP), a member of SAP’s executive board.

Software developers at companies worldwide have embraced the use of containers as a way to package software applications in a resource-efficient and portable manner. The advantage for businesses is that containers can run applications on less hardware, and those applications can pull data from many sources.

Related: Docker and Google Are Uneasy Bedfellows

But, perhaps most important, those applications can be moved from one set of infrastructure to another with minimal muss and fuss.

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Rumblings about management changes at the top of Docker have surfaced repeatedly over the past few years as it has struggled to make money on popular, but freely available open-source technology. The company is trying to sell management and other tools associated with the basic Docker container format. It’s unclear how successful it’s been there.

“Over the past four years, Docker has grown at an incredible rate,” said Solomon Hykes, Docker’s founder and chief technology officer, in a statement. “We are now seeing widespread traction in the developer community and the enterprise market.”

Related: Why Containers Are Hot

The company, founded in 2010 as dotCloud, has raised just over $180 million from such backers as Greylock Ventures, Sequoia Capital, and Insight Venture Partners.

Note: (May 2, 2017, 9:54 a.m.) This story was updated to add more information about Singh.

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