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January 3rd, 2018
Happy New Year 2018!
Welcome to our Technology CEO Transitions Newsletter.
We endeavor to catalog all open technology CEO roles (as of 12/31/2017) and latest appointments for the month of December 2017.
The average length of time the searches are open is 4 months, up from 3.9 months earlier this year. There is little variance across geographies.
In This Edition
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New Tech CEO Openings: 11 – Diebold Nixdorf (OH), Millennium Health (CA), Earthport plc (UK), Lauritz.com Group (Denmark), Neonode (Sweden), Stargroup Limited (Australia), IDT Telecom (NJ), Titan Logix (Alberta, Canada), Porting Access BV (Netherlands), MassRoots (CO), AdColony (CA).
CEOs Appointed – Sources
27% were current chairmen or board members, 9% of the CEOs appointed were COOs or President or EVP - Operations, CFOs were 2%, iCEOs were 2%, divisional execs promoted were 7%, 21% other internal executives and 32% external appointments.
Diversity: 4 (8.7%) CEO out of 46 total CEOs appointed were women (out of 44 CEO appointments – 3 CO-CEOs appointed at Samsung Electronics)
The two longest CEO searches started in June and September 2016.
Want to keep up to date? Get more updates on new board members (Tech execs on tech and non ech- boards; women board members), on new execs/board updates for the Giants, the software industry, and many more. A summary of Vell Research Reports and board/exec updates can be found here. Vell Research Reports and Exec/board moves.
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Women Board Members in Technology Companies - Strategies for Building High Performing Diverse Boards.
Executive Latest Vell Report
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Diebold Nixdorf, Ohio, December 2017 - Andreas “Andy” W. Mattes is stepping down from his position as president and CEO. The Office of the Chief Executive will be led by Christopher A. Chapman, SVP and CFO, and Juergen Wunram, SVP and COO, until a permanent successor has been named.
Cerner Corporation, Missouri, July 2017 - Cerner Chair & CEO passes away. Vice Chair & Founder Cliff Illig named Chair & iCEO.
HSN, Florida, April 2017 - CEO Mindy Grossman has resigned. The Board has established an Office of the CEO.
Intellicheck, New York, October 2017 - Intellicheck announces the appointment of Bill White as interim president and CEO and the departure of William Roof.
Equifax, Georgia, September 2017 - Chairman and CEO Richard Smith would step aside following massive data breach. Paulino do Rego Barros Jr. named interim leader as the board searches for a successor.
Nuance Communications, Massachusetts, November 2016 - Chairman and CEO Paul Ricci intends to retire at the end of first half of fiscal 2018.
Finisar Corporation, California, September 2017 - Finisar Corporation announced that Chairman and CEO Jerry Rawls has informed the board of directors that he intends to retire as CEO of the company by the end of calendar year 2018.
Match Group (OkCupid), Texas, November 2017 - Match Group is actively recruiting to fill the CEO positions at OkCupid. Elie Seidman, currently CEO of OkCupid, will become Tinder's new CEO.
Match Group (PlentyOfFish), Texas, November 2017 - Match Group is actively recruiting to fill the CEO positions at PlentyOfFish. Hesam Hosseini, currently CEO of PlentyOfFish, will become CEO of Match and Match Affinity Brands.
Syniverse, Florida, August 2017 - Syniverse's President and CEO Stephen C. Gray retires in 2018. Gray will remain as CEO until the completion of the search process.
SMART Global Holdings, California, November 2017 - CEO Iain MacKenzie has decided to transition to a revised role during the 2018 calendar year, but will remain on the board. It is anticipated that a search for a new CEO will commence in the near future.
GlassBridge Enterprises (fka Imation), Minnesota, February 2017 - CFO Danny Zheng is serving as Interim CEO until the company Board appoints a new CEO.
Quantum Corporation, California, November 2017 - Quantum Corporation named board member Adalio T. Sanchez as interim CEO to replace Jon Gacek, who has left the company.
Five9, California - Mike Burkland, Chairman, President and CEO, will be transitioning to become executive chairman. In October, he was diagnosed with Stage 4 cancer and will be undergoing aggressive treatment over the next several months. The board has named Barry Zwarenstein, the company’s CFO, to the additional post of Interim CEO while a search for a permanent CEO commences.
Marchex, Washington, October 2016 - Pete Christothoulou resigned as CEO in October last year.
Edgewater Technology, Massachusetts, March 2017 - Chairman Jeffrey L. Rutherford is Interim President and CEO.
Xplore Technologies, Texas, November 2017 - Thomas Wilkinson, the company's CFO, has been named the company's Acting CEO.
Numerex, Georgia, January 2017 - Numerex terminated the employment of Marc Zionts as CEO. CFO Kenneth Gayronis interim CEO.
Support.com, California, October 2016 – Dr. Elizabeth M. Cholawsky as president and CEO. Richard Bloom is iCEO.
Westell Technologies, Illinois, November 2017 - Chairman Kirk R. Brannock has been appointed interim President and CEO. The Board intends to conduct a search for a permanent CEO.
Xceligent, Missouri, October 2017 - Jody Vanarsdale, Xceligent’s COO, will take on the role of Acting CEO.
Millennium Health, California, December 2017 - Millennium Health appointed Robert "Bob" H. Fish as interim CEO. Mr. Fish will replace Jennifer Strickland, who is leaving the company for another opportunity but will continue as director. Fish currently serves as the Chairman of Genesis Healthcare.
Cartesian, Kansas, November 2017 - Peter Woodward provided formal notice to Cartesian that he will resign from his position as CEO.
Apivio Systems, BC, Canada, May 2017 - Apivio Systems appointed Ms. Elizabeth Park as interim President and CEO.
Immersion Corporation, California, November 2017 - Carl Schlachte, currently chairman of the board, has been unanimously elected by the board as interim CEO.
Blancco Technology Group, Georgia, September 2017 - Pat Clawson, CEO, has decided to step down. Interim CFO Simon Herrick, will become CEO on an interim basis.
Dealnet Capital, Ontario, Canada, October 2017 - The company has commenced the search for a new CEO following the decision by the company to replace the current CEO, Mr. Michael Hilmer.
Brekford, Maryland, November 2016 - Brekford entered into a separation agreement with C.B. Brechin, the company's CEO and CFO.
Digiliti Money, Minnesota, August 2017 - Jeffrey Mack has resigned as President and CEO. EVP & CFO, Bryan Meier, will assume the position of interim CEO.
IDT Telecom, New Jersey, December 2017 - Abilio (Bill) Pereira, who currently serves as CEO of IDT Telecom was provided termination.
Titan Logix, Alberta, Canada, December 2017 - Douglas Carruthers CEO tenure expires and will not be renewed. Carruthers will continue in his role as CEO and Board member until the end of January 2018.
MassRoots, Colorado, December 2017 - Scott Kveton resigned as CEO of the company. Kveton had sold his startup, Odava, to MassRoots in July in a deal worth about $1.6 million, and was later named CEO.
MMRGlobal, California, June 2017 - Robert H. Lorsch, Chairman, President and CEO of the company, died unexpectedly.
Lavu, New Mexico, June 2016 - Marc Chesley has stepped down as the CEO of Lavu.
INTREorg Systems, Texas - June 2017 - David M. Beach tendered his resignation as president, CEO and a director.
International Card Establishment, California, July 2017 - Payment company International Card Establishment appointed Kelani Long iCEO & Director.
Kickstarter, New York, July 2017 - Kickstarter co-founder Yancey Strickler is stepping down as CEO of the innovative crowdfunding company later this year. Kickstarter is now actively looking for a replacement.
Ancestry.com, Utah, September 2017 - Ancestry.com CEO Tim Sullivan is stepping down. CFO and COO Howard Hochhauser assumed the role of interim CEO as the company conducts a search for a permanent replacement.
Nexus Enterprise Solutions, Florida, October 2017 - James Bayardelle, was appointed as the company's CEO, until a new CEO is appointed.
Birch Communications, Georgia, October 2017 - Birch Communications announced the departure of President and CEO Tony Tomae.
Qlik Technologies, Pennsylvania, October 2017 - Qlik announced that Lars Björk, CEO, has transitioned his responsibilities to David Murphy as interim CEO. A search is underway to find a permanent CEO.
comScore, Virginia, October 2017 - Dr. Gian Fulgoni its Co-Founder and CEO, intends to retire as CEO. The Board has formed a committee to direct the search for a new CEO. The Committee will retain a leading executive search firm to assist in identifying and evaluating both internal and external candidates for the CEO role.
Bolste, Arizona, October 2017 - Founder Leif Hartwig has stepped down from his position as CEO, but will continue to serve on the board. Current Board member Kenneth Waters will serve in the role of Interim CEO until a permanent successor has been named.
AdColony, California, December 2017 - Otello announced the departure of AdColony's CEO, Will Kassoy. Lars Boilesen, Otello CEO, will act as interim CEO for AdColony while the company searches for his permanent replacement.
Independent News & Media plc, Ireland, October 2017 - Secretary and Chief Risk Officer Michael Doorly named as interim Group CEO, replacing outgoing CEO Robert Pitt.
Ellies Holdings Limited, South Africa, November 2017 - Wayne Samson resigned as CEO. The board says a further announcement, regarding the appointment of a new CEO, will be released in due course.
Pricer AB, Sweden, April 2017 - CFO Helena Holmgren, 41, has been appointed acting CEO until a new CEO has been recruited at the leading company in providing in-store digital shelf-edge solutions.
Avanti Communications, United Kingdom, August 2017 - CEO David Williams is stepping down. Alan Harper, currently a board non-executive director who joined in March 2017, who will assume the role of interim CEO.
Catena Media Plc, Malta, October 2017 - Catena Media appointed Henrik Persson Ekdahl as acting CEO as Robert Andersson leaves as CEO.
IndigoVision Group plc, United Kingdom, November 2017 - Pedro Simoes, who was appointed as SVP - Global Sales, has been appointed as Interim CEO and will join the Board.
Brady Plc, UK, September 2016 - After nine years at the commodity trading software company, CEO Gavin Lavelle, 57, has decided to pursue new opportunities. Ian Jenks will assume operational control of the company as executive chairman.
Dods Group PLC, United Kingdom, November 2017 - Guy Cleaver, CEO, has resigned. The Board is currently seeking to appoint a new CEO.
SysGroup plc, United Kingdom, November 2017 - SysGroup plc announced that Chris Evans, CEO, has, due to longstanding health issues, will step down. A process is undertaken to appoint a permanent successor.
Samsung Electronics, South Korea, October 2017 - The CEO of Samsung Electronics and Samsung Display Kwon Oh-Hyun resigned from both the units, leaving in March 2018. Samsung has not yet announced a replacement.
Infosys, India, August 2017 - Vishal Sikka, 50, has resigned as the MD and CEO of Infosys over differences with the founders on governance issues. COO UB Pravin Rao, 55, has been appointed as the interim CEO. Infosys appointed Egon Zehnder to help find Vishal Sikka's successor.
StarHub Ltd., Singapore, November 2017 - CEO Tan Tong Hai will step down from his position. The group said it is engaged in a global executive search for a new CEO.
Digital China Holdings, Hong Kong, November 2017 - Denis Shing Fai YIP has resigned as an executive Director, the CEO and the president.
J-Devices Corporation, Japan, November 2017 - Yoshifumi Nakaya notified parent company Amkor Technology of his intention to retire as President & CEO of J-Devices at the end of 2017. The company expects to announce Mr. Nakaya's succession plan concurrently with the effective date of his retirement.
Xchanging Solutions, India, October 2017 - Ramaswamy Sankaranarayanan Kavalapara named as interim managing director cum interim CEO.
Network for Learning, New Zealand, October 2017 - N4L CEO John Hanna is leaving the company. The N4L board has appointed Greg Woolley, currently N4L's chief product officer, as interim CEO.
RapidCloud, Malaysia, March 2017 - The Board has appointed Chew Man Fai, 42, Executive Director, as interim CEO. The company has stopped trading on AIM. The company is a enterprise cloud computing services and web-solutions provider for Southeast Asia.
Oi S.A., Brazil, November 2017 - Eurico de Jesus Teles Neto to act as interim CEO, along with his current role Chief Legal Officer, until the Board deliberates on this matter.
Tech CEOs Appointed in December 2017
ManTech International, Virginia - Chairman and CEO will transition from his day-to-day management role as CEO to the role of Executive Chairman. The company has promoted President and COO Kevin M. Phillips to serve as the company’s new CEO and Director.
Blue Apron Holdings, New York - Blue Apron Holdings has appointed Brad Dickerson as President and CEO. Dickerson, a consumer and capital markets veteran, has served as Blue Apron's CFO since he joined the Company in February 2016.
Imagine Communications, Texas - Imagine Communications named Tom Cotney as CEO of the company. He served as GM of the Communications Sector at IBM Global Services.
Ellucian, Virginia - Ellucian announced that Laura K. Ipsen has joined the company as president and CEO. Ipsen joins from Oracle, where she most recently served as GM and SVP for Oracle Marketing Cloud.
Ribbon Communications, Massachusetts - Franklin (Fritz) W. Hobbs, a director of the company, has been appointed President and CEO. Ray Dolan resigned as President, CEO and director.
Quarterhill, Ontario, Canada - Quarterhill appointed Douglas (Doug) Parker as President and CEO. Parker was SVP, Corporate Development of Open Text Corporation.
AMERI Holdings, New Jersey - AMERI Holdings announced the promotion of Brent Kelton, EVP of Business Development, to CEO. Kelton succeeds Giri Devanur, President, CEO and Board Member.
Guavus, California - Faizel Lakhani joins Thales as Guavus CEO. Prior to this appointment, Lakhani served in several senior executive roles for leading network intelligence innovators and Fortune 1000 companies.
Medical Transcription Billing, New Jersey - Stephen Snyder, MTBC’s President, will be appointed CEO. Mr. Snyder joined MTBC in 2005 as VP, General Counsel and Corporate Secretary and later served as Chief Operating Officer, beginning January 2009.
Thales e-Security, Florida - Cindy Provin is appointed CEO, Thales eSecurity. Cindy has a long and proven track record within the organisation. She has been President of Thales eSecurity and Chief Strategy and Marketing Officer for Thales eSecurity.
Vidyo, New Jersey - Vidyo has named Michael Patsalos-Fox as Chairman and CEO. Patsalos-Fox, who has been a Director of Vidyo since 2013, was appointed as Chairman earlier in 2017.
Focal Point Data Risk, Florida - Focal Point Data Risk appoints Brian Marlier as the CEO. Marlier, a Founding Board Member of Focal Point, replaces Yong-Gon Chon, who led the company since February 2015. Marlier retired from Cisco in August 2017, most recently serving as the SVP of Global Architectures and Global Enterprise Sales.
ArisGlobal, Florida - ArisGlobal appointed Sankesh Abbhi as President and CEO. In his role, he replaces Deepak Abbhi who will now serve as the Chairman. Sankesh Abbhi is a seasoned executive within life sciences, and since early 2017 has served as ArisGlobal's Managing Director.
iLOOKABOUT, Ontario, Canada - Laurence Rose has left the company, in his position as CEO and as a director, to pursue other interests. Gary Yeoman, Executive Chairman, will assume the role of CEO and will be Chairman of the Board.
Online Development, Tennessee - Online Development has announced Kurt A. Rosenberg as CEO. In 2016 he was named President of OLDI.
BlueRush Media Group, Ontario, Canada - BlueRush Media Group appointed Mr. Steve Taylor, a current director of the company, as the new CEO of the company.
Biamp Systems Corporation, Oregon - Rashid Skaf is assuming the role of president, CEO, and co-chairman for the company. Matt Czyzewski, previous president and CEO of Biamp, will remain as EVP of technology. This appointment is concurrent with the completion of the acquisition of Biamp Systems by Highlander Partners from previous owner Lomar Corporation. Skaf joined Highlander Partners, where he serves as a senior advisor.
HotApp International, Maryland - Lum Kan Fai voluntarily resigned as CEO and President of HotApp International. The company appointed CTO Lee Wang Kei as the company’s CEO.
Crossroads Systems, Texas - Crossroads Systems announced that it has closed on the acquisition of Capital Plus Financial. CPF's CEO, Eric Donnelly has been appointed Crossroads' CEO.
LifeApps Brands, California - LifeApps Brands appointed Robert A. Blair as CEO and Director. Blair brings rich history in professional tennis, sports management and directing digital media platforms.
MatchCom, Florida - Tellza appointed Mr. Luciano Garavaglia as the CEO of its subsidiary, Matchcom Telecommunications. Garavaglia is a seasoned telecom and technology expert, having previously worked with Arbinet and Telefonica.
Mapp Digital, California - Mapp Digital appointed Steve Warren as its new CEO. Warren is assuming this position from his role as Chief Revenue Officer from Mapp Digital.
TELoIP, Ontario, Canada - TELoIP announced that board member Roger Davis has been named CEO. Davis brings a successful track record in the telecom and technology industries, serving as an investor, advisor and Board member of start-up companies. Davis met TELoIP while serving as mentor for MaRS Discovery District clients and became a major investor and Board member.
Central Logic, Utah - Central Logic has appointed Angie Franks as CEO. Angie has served as an independent member of the Central Logic board since 2014 and was appointed board chair earlier this year.
Auth0, Washington - Auth0 announced that company co-founder Eugenio Pace will serve as its new CEO.
VGrab Communications, British Columbia, Canada - Vgrab Communication appointed Lim, Hun Beng, the company's current director, as its CEO and President.
Kinetica Db, California - Kinetica named Paul Appleby as CEO as the company accelerates momentum in enabling real-time applications for greater business value. Most recently worked at BMC Software as president, worldwide sales and marketing.
Cable & Wireless Communications, United Kingdom - Cable & Wireless Communications appointed Inge Smidts as CEO. She is replacing John Reid who announced earlier this month that he will step down from the position of CEO in early 2018. Smidts joins C&W from Liberty Global where she most recently held the position of CMO.
Avaloq group AG, Switzerland - Avaloq group AG has appointed Juerg Hunziker as its new group CEO, replacing Francisco Fernandez. Hunziker has been serving as the firm's deputy group CEO and group CMO since 2016.
Zitius Service Delivery, Sweden - Zitius announced that Olle Svensson will succeed Haval van Drumpt as its CEO. Svensson is currently Business Unit Manager for metropolitan networks at the company, and van Drumpt is moving to Lithuania to become head of B2C for Telia there.
ustwo studio, United Kingdom - ustwo appointed Carsten Wierwille as CEO of ustwo Studios. Wierwille hails from Method, where he was the GM and led the company's global business.
TeleMasters Holdings, South Africa - Mario Pretorius will be retiring as CEO of the company, but will continue to serve on the Board in the capacity of Non-executive Chairman. Jaco Voigt, a Non-executive director of the company for the past 9 years, will be appointed as CEO and his role will accordingly change from that of Non-executive Director to Executive Director.
Hugo Games, Denmark - Hugo Games announced Henrik Nielsen as CEO. Nielsen was previously CFO and COO of Unity Technologies for 7 years.
ESKA TV S.A.; Lemon Records sp.z o.o., Poland - Miroslaw Blaszczyk, CEO of Telewizja Polsat, has been appointed CEO of Eska TV and Lemon Records.
Paynet Zimbabwe, Zimbabwe - Paynet Zimbabwe has appointed Sibert Dube as its CEO. He has held the Acting CEO position since 2015.
Urgent Technology, United Kingdom - Mr. Jesse Klebba has tendered his resignation as CEO of Urgent Technology. As a result Mr. Paul Djuric, Urgent's current Operations Manager, has been appointed as CEO.
GO Science, United Kingdom - The board of Thalassa Holdings Limited appointed Rafael Albea as CEO of Autonomous Robotics Limited (ARL). Mr. Albea has been working for Aker Solutions since 2011 in a number of senior engineering and management roles.
Samsung Electronics, South Korea - After the resignation of the CEO of Samsung Electronics and Samsung Display Kwon Oh-Hyun, three co-CEOs take over the role, each with a specific focus: Kim Ki-nam heading up the components business, Kim Hyun-suk (HS Kim)running consumer electronics, and Koh Dong-jin (DJ Koh) in charge of mobile and IT.
Infosys, India - Infosys appointed Salil S. Parekh as CEO and MD of the company. Parekh joins Infosys from Capgemini where he was a member of the group executive board. Mr. U B Pravin Rao will step down as the interim CEO and Managing Director and will continue as COO and a whole-time Director of the company.
Socionext, Japan - Masahiro Koezuka will become Representative Director/Chairman & CEO from Board Director of the company. Yasuo Nishiguchi will resign as Representative Director/Chairman & CEO.
AV Concept Holdings, Hong Kong - r. So Yuk Kwan, currently an executive Director and the chairman of the Board, has been appointed as the CEO. Dr. So Yuk is the founder, Chairman and executive Director of the company.
BCC Fuba India, India - Amit Lohia appointed as the CEO of the company. Mr. Amit Lohia has been engaged in imports and exports of various commodities including trading business of chemicals primarily consisting of PVC raw materials since the last 23 years.
REFFIND, Australia - REFFIND Limited appointed Tim Lea as CEO. Mr. Lea brings 20 years of senior executive and corporate leadership experience to the company with a focus on banking and commercial finance in the UK and Australia with GE Capital, HSBC and Lloyds Bank followed by hands on experience building web and blockchain based solutions in Australia and key international markets.
Giga-tronics, California - Giga-tronics announced the proposed departure of its Co-CEO, Suresh Nair, to pursue a new opportunity. The company's board has named John Regazzi CEO; a position he previously held with the company until August 2016.
IDOX plc, United Kingdom - IDOX plc announced the absence of Andrew Riley, Idox's CEO, due to illness. Richard Kellett-Clarke, currently a non-Executive Director and former CEO of Idox, has agreed to stand in as Interim CEO pending Andrew's return from sick leave.
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