Monday, 23 September 2013 04:00

Open CEO Roles and New CEO Appointments Featured

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Vacant CEO Posts

Vell Executive Search compiles Vacant CEO Posts

PREPARED BY: Vell Executive Search

DATE: August 16 to September 15, 2013

Vell Executive Search compiles this report from public sources. Any knowledge as to the Search firm leading the project is included in the comments section for that company.

New CEO Roles since Last Report (August 19, 2013)

  • California: Integrated Device Technology, ReachLocal, AliveCor
  • Florida: Redfin Network
  • Massachusetts: Waters Corporation, InVivo Therapeutics
  • Minnesota: Communications Systems
  • Missouri: Saepio
  • New York:Morgans Hotel Group
  • Virginia:BAE Systems (US)
  • Washington: Microsoft, Bill & Melinda Gates Foundation, Rhapsody
  • International:Nokia (Finland), Deutsche Lufthansa AG (Germany)

CEO Appointments since Last Report (August 19, 2013)

  • Electronic Arts - Electronic Arts has named its Sports head Andrew Wilson, 39, as CEO and a director of the Company.
  • iGATE - iGATE appoints Infosys' Board Member & Americas/Manufacturing Head Ashok Vemuri as President and CEO.
  • Selectica - The provider of deal management solutions promoted its President and COO, Jason Stern, to CEO.
  • Pandora Internet Radio - Pandora appointed Brian McAndrews, formerly of Madrona Venture Group, Microsoft and aQuantive, as CEO.
  • Sierra Vista Bank - Sierra Vista Bank named accomplished banking executive and its board member and consultant Gary D. Gall as President and CEO.
  • Spherix - Anthony Hayes, former CEO of North South, will take over as CEO of Spherix.
  • Harvard BioScience - Harvard Bioscience hired Jeffrey A. Duchemin, a veteran life science executive and Becton Dickinson veteran, as CEO.
  • Dun & Bradstreet - Dun & Bradstreet picked IDG Communications’ CEO Robert Carrigan as its new president and CEO.
  • Forest Laboratories - Forest Laboratories named former Bausch & Lomb CEO Brenton L. Saunders as its new CEO.
  • Tuesday Morning Corporation - Tuesday Morning Corporation names iCEO Michael Rouleau as CEO.
  • Rogers Communications - Guy Laurence, who runs Vodafone’s U.K. division, will replace CEO Nadir Mohamed on Dec. 2.
  • Catalyst Paper Corporation - Catalyst Paper named Canfor Pulp’s CEO Joe Nemeth as President and CEO.
  • Delhaize - Delhaize Group named former Metro AG executive Frans Muller as CEO.
  • ServicePower Technologies - ServicePower Technologies names iCEO Marne Martin as CEO.

CEOs Appointed Through Internal Promotions (August 15-September 16, 2013)

  • Pembina Pipeline - Mick Dilger, Pembina's President and COO, will succeed Bob Michaleski as CEO effective January 1, 2014.
  • Realty Income - Realty Income appointed President and Chief Investment Officer John P. Case as CEO, succeeding Tom A. Lewis.
  • Helmerich & Payne - President and COO John W. Lindsay has been named next CEO of the company.
  • Xylem – ITT Corp’s CEO Steven R. Loranger appointed as CEO and President at Xylem (spin-off of ITT’s water businesses).
  • Esterline Corporation - Curtis Reusser, President of United Technologies' Aircraft Systems business, will succeed Brad Lawrence as Esterline's President and CEO.
  • Washington Real Estate Investment Trust (WRIT) - Rockefeller Group exec Paul T. McDermott is new President and CEO.
  • JBT Corporation - Tom Giacomini, currently President and CEO of Dover Engineered Systems at Dover, will become CEO, President, and Director of JBT Corporation.
  • Basic Energy Services - Roe Patterson, currently SVP and COO of Basic Energy Services, will succeed Ken Huseman as President and CEO of the Company.
  • Gold Resource Corporation - Gold Resource announced that Jason Reid, the Company's President, will succeed Bill Reid as the Company's CEO effective October 1, and will continue to serve as its President and a director.
  • CoBiz Financial - CoBiz Financial, the parent company of Colorado Business Bank and Arizona Business Bank, announced that Market President Scott Page will be new CEO.
  • Labstyle - Erez Raphael, the Company’s VP of Research and Development, has assumed the dual role of President and CEO of the Company.
  • ChyronHego Corporation, formerly Chyron Corporation - Johan Apel, the Company's President and COO, will succeed Michael Wellesley-Wesley as CEO of the Company effective January 1, 2014.
  • Umami Sustainable Seafood – The company appointed its CFO Timothy Fitzpatrick to serve as CEO of the Company.
  • Advaxis – Advaxis named Daniel J. O'Connor, formerly EVP, to the position of President and CEO.
  • Identive Group - Identive Group appointed Jason Hart as CEO. Hart previously served as EVP of Identive's Identity Management and Cloud Solutions division.
  • Tuality Healthcare - Administrator and COO Manny Berman named CEO.
  • CF Industries Holdings - Tony Will, 48, the SVP of manufacturing and distribution, will replace CEO Steve Wilson, 64, on Jan. 1.

Details of CEO Vacancies

Arkansas

Arkansas Capital Corporation, Little Rock, AR                                   Revenues: Private 

Arkansas Capital Corporation Group provides commercial financing services. The company was formerly known as First Arkansas Development Finance Corporation.

July 2013 - Sam Walls, who served as the CEO of The Arkansas Capital Corporation Group, has retired after 24 years of service. Rush Deacon, who has served as Chairman of the Board of Arkansas Capital Corporation, is now serving as the acting CEO for the company.


California

Juniper Networks, Sunnyvale, CA                                                     Revenues: $4.36b 

Juniper Networks designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide.

Juniper CEO Kevin Johnson plans to retire, but will stay at the helm until Juniper’s board finds a replacement. Johnson has been the CEO of Juniper for the last five years, and said he is stepping down because it’s a good time for the company to transition.


VeriFone Systems, San Jose, CA                                                       Revenues: $1.86b

VeriFone Systems is engaged in the secure electronic payment solutions.

March 2013 - VeriFone Systems announced that Douglas G. Bergeron is stepping down as CEO and member of the Board of Directors, effective March 12. VeriFone's Chairman, Richard McGinn, has been named Interim CEO, while Leslie Denend has been named Interim Chairman.


Polycom, San Jose, CA                                                                       Revenues: $1.4b

Polycom is a provider of unified communications (UC) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards.

July 2013 – Polycom announced the appointment of Kevin Parker as Interim CEO. Parker replaced Andrew Miller who resigned as CEO, President and a member of the Board of Directors on July 19, 2013.


Skilled Healthcare Group, Foothill Ranch, CA                                    Revenues: $872.6m 

Skilled Healthcare Group is a holding company. The Company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business.

July 2013 - Skilled Healthcare Group announced that its Chairman and CEO, Boyd Hendrickson, intends to retire from his role around the end of 2013. The Company's Board will engage a leading executive search firm with extensive experience in healthcare executive placements to identify both internal and external candidates to succeed Mr. Hendrickson. 


Impax Laboratories, Hayward, CA                                                     Revenues: $581.7m 

Impax Laboratories is a specialty pharmaceutical company.

June 2013 - Impax Laboratories announced that Dr. Larry Hsu plans to retire as President and CEO of Impax Laboratories. Dr. Hsu will remain with the Company in his current position until a replacement CEO is hired; he will also remain a member of the Board of Directors following the appointment of his successor.


Integrated Device Technology, San Jose, CA                                    Revenues: $487m

Integrated Device Technology designs, develops, manufactures and markets a range of semiconductor solutions for the advanced communications, computing and consumer industries.

August 2013 - Integrated Device Technology announced that Dr. Ted Tewksbury has resigned as CEO, and board member Jeffrey McCreary is interim President and CEO. The Board has formed a search committee to identify and consider candidates for the permanent President and CEO role.


ReachLocal, Woodland Hills, CA                                                          Revenues: $455m

ReachLocal offers online marketing and reporting solutions, including search engine marketing, display advertising, remarketing and online marketing analytics, each targeted to the small and medium-sized businesses (SMB) market.

September 2013 - ReachLocal announced that Zorik Gordon has resigned as CEO to pursue other entrepreneurial opportunities. David Carlick, chairman of the board, has been appointed Interim CEO. The board has commenced a search for a new CEO and will consider both current members of management and outside executives.


Tessera Technologies, San Jose, CA                                                  Revenues: $209m 

Tessera Technologies develops and licenses miniaturization technologies for chip-scale, multichip, and wafer-level packaging.

March 2013 - Tessera Technologies has announced a shakeup of its board and the commencement of a search for a new CEO to replace Robert A. Young. It has named one of the Company's directors, Thomas Lacey, as interim CEO, effective May 29, 2013. Upon Lacey's appointment as interim CEO, Richard S. Hill who was named as interim CEO and executive chairman of the Board, returns to his role as non-executive chair.


IRIDEX, Mountain View, CA                                                                Revenues: $33.9m

IRIDEX is a worldwide provider of therapeutic based laser systems, delivery devices and consumable instrumentation used to treat eye diseases in ophthalmology and skin conditions in dermatology (also referred to as aesthetics).

September 2012 - IRIDEX Corporation appointed William Moore as interim president and CEO. Moore replaces Dominik Beck, whose employment with the company ceased on August 24, 2012. Moore currently serves, and will continue to serve, as chairman of the IRIDEX Board of Directors during his tenure as interim CEO.


FiberTower, San Francisco, CA                                                           Revenues: $76.1m

FiberTower Corporation is a provider of facilities-based backhaul services to wireless carriers.

November 2012 - Kurt J. Van Wagenen resigned as President, CEO and director of FiberTower Corporation and each of its subsidiaries. No replacement named.


Mozilla, Mountain View, CA                                                                 Revenues: Private

Mozilla is the the nonprofit organization behind Firefox, Firefox OS and other online tools.

April 2013 - Mozilla, the nonprofit organization behind Firefox, Firefox OS and other online tools, announced that its CEO Gary Kovacs, who joined Mozilla in 2010, has stepped down. The organization has started a search for his replacement.


Oakland Raiders, Oakland, CA                                                           Revenues: Private

The Oakland Raiders are a professional American Football team based in Oakland, California. They were founded in 1960.

May 2013 - Longtime Oakland Raiders CEO Amy Trask has ultimately decided to step away from the organization. Trask's void leaves a vacancy at one of the more unique positions in professional sports.


Qlogic, Aliso Viejo, CA                                                                         Revenues: $484.5m

QLogic Corporation designs and supplies network infrastructure products that provide and manage computer data communication. The Company’s products are used in enterprise data centers, cloud computing, Web 2.0 and other environments.

May 2013 - QLogic has named CFO Jean Hu to serve as interim CEO after announcing that President and CEO Simon Biddiscombe had resigned both these offices, and quit his position as a director of the company as well, "in order to pursue other opportunities."


Gemological Institute of America, Carlsbad, CA                               Revenues: NA

The Gemological Institute of America, or GIA, is a nonprofit institute dedicated to research and education in the field of gemology and the jewelry arts. Founded in 1931, GIA's mission is to protect all buyers and sellers of gemstones by setting and maintaining the standards used to evaluate gemstone quality.

June 2013 - Donna M. Baker has resigned as president and CEO of the Gemological Institute of America. The sudden announcement was made late with the reason given as “differing views on the direction of GIA”. Board of Governors Chair, Susan M. Jacques, president and CEO of Borsheims Fine Jewelry and Gifts, will serve as interim president and CEO while the board conducts a search for a new executive.


Community Valley Bank, El Centro, CA                                              Revenues: NA

Community Valley Bank is the Imperial Valley’s ONLY locally owned and locally headquartered bank. CVB was chartered as a state bank for Imperial Valley businesses on October 1, 2007, and now has two locations, 1443 Main Street in El Centro and 310 Main Street in Brawley, California and a Loan Production Office at 77564 Building A, Country Club Drive, Ste 103 in Palm Desert, California.

May 2013 - Community Valley Bank announced the retirement of Robert "Bob" Hahn as President and CEO. Upon receipt of notification of Mr. Hahn's retirement, the Board of Directors of Community Valley Bank took action to reorganize. This included naming Mr. Jon Edney as the Acting President and CEO (he previously served as the Chairman of the Board).


Independent Film Development Corporation, Los Angeles, CA         Revenues: NA

Independent Film Development Corporation (IFDC) focuses on acquiring and developing independent films for production, sales and distribution, with a goal towards partnerships with mini-major and the major film studios, such as Lionsgate and Sony.

June 2013 - Jeff Ritchie resigned as CEO of Independent Film Development Corporation, and was replaced by George Ivakhnik as Interim CEO. Mr. Ritchie will stay on as COO and director.


Flux Power Holdings, Escondido, CA                                                  Revenues: $5.9m

Flux Power Holdings, Inc. conducts its operations through its wholly owned subsidiary, Flux Power, Inc. (Flux Power). Flux Power develops and sells rechargeable advanced energy storage systems. The Company is structured its business around its core technology.

June 2013 - Flux Power's CFO, Ron Dutt, has been named interim CEO. Upon the closing of the proposed acquisition of KleenSpeed, its current CEO, Timothy Collins, will join the Board of Flux Power and assume Mr. Anthony's role of Executive Chairman.


Qualstar, Simi Valley, CA                                                                     Revenues: $17.1m

Qualstar Corporation engages in designing, developing, manufacturing, and marketing power supplies and data storage systems worldwide.

July 2013 - Qualstar announced the appointment of Steven N. Bronson as interim CEO and President of Qualstar. Bronson replaces outgoing CEO, Lawrence Firestone.


Cloudscaling, San Francisco, CA                                                          Revenues: Private

Cloudscaling is the leading provider of on-premise elastic cloud infrastructure solutions to support dynamic applications.

July 2013 - Cloudscaling Co-Founder and CTO Randy Bias said CEO Michael Grant is leaving the company with a replacement being sought for the cloud systems company. Bias will serve as interim CEO, replacing Grant who joined Cloudscaling in 2011.


Nevada Sunrise Gold Corp, Auburn, CA                                              Revenues: NA

Nevada Sunrise Gold Corporation is an exploration-stage company. The Company’s principal business activities include the acquisition, exploration and development of mineral properties.

August 2013 - Nevada Sunrise Gold Corporation announces that long time director Warren Stanyer has been appointed interim CEO and interim President of the Company and interim President of the Company's wholly owned Nevada subsidiary, Intor Resource Corp., effective immediately.


AliveCor, San Francisco, CA                                                                 Revenues: NA

AliveCor offers iPhone-enabled Heart Monitor (formerly called the iPhoneECG).

August 2013 - AliveCor, which offers the FDA-cleared iPhone-enabled Heart Monitor (formerly called the iPhoneECG), appointed board member and Khosla Ventures operating partner Euan Thomson as interim CEO. Thomson replaces previous CEO Dan Sullivan, a longtime medical device industry executive and entrepreneur, who has now left the company.


Colorado

Gasco Energy, Englewood, CO                                                            Revenues: $8.9m

Gasco is a natural-gas and petroleum company engaged in locating and developing hydrocarbon resources, primarily in the Rocky Mountain region.

May 2013 - Gasco Energy announced the resignation of W. King Grant as president and CEO, and as a member of the company's board of directors, and said the future of the company is in doubt. Richard Langdon was named interim CEO. He's been an independent director of Gasco since March 2003 and is chairman of Houston-based Constellation Energy Partners.


Solera National Bancorp, Lakewood, CO                                            Revenues: $5.1m

Solera National Bancorp is a bank holding company of Solera National Bank (the Bank). The Bank is a federally chartered national bank.

July 2013 - Douglas Crichfield retired from his positions as President, CEO and Board member of both Solera National Bancorp and its bank, Solera National Bank. It appointed Ray L. Nash to serve as the Company's Interim CEO and President while the Company searches for a permanent replacement.


Florida

Health Management Associates, Naples, FL                                       Revenues: $5.87bHealth Management Associates, by and through its subsidiaries operates general acute care hospitals and other health care facilities in non-urban communities.

May 2013 - Health Management Associates announced that Gary D. Newsome will retire as President, CEO and member of the Board of Directors, effective July 31, 2013. Mr. Newsome will continue to lead the Company until his retirement and the Board has initiated a search for a new CEO.


Options Media Group Holdings, Boca Raton, FL                                  Revenues: NA

Options Media Group Holdings is a multi-channel marketing firm specializing in the acquisition and retention customers through direct and digital, and Internet marketing programs.

September 2012 - Scott Frohman resigned as the CEO, Secretary, a director and all other positions at Options Media Group Holdings and its subsidiaries, with no replacement announced.


RedFin Network, Fort Lauderdale, FL                                                  Revenues: NA

RedFin Network, formerly Secured Financial Network, is a provider of payment transaction processing solutions marketed to and utilized by traditional brick and mortars, and Internet e-commerce merchants, with a focus on businesses requiring mobile or wireless payment solutions and hardware to conduct business.

August 2013 - Effective August 30, 2013, Michael E. Fasci, Sr. resigned as CEO of Redfin Network and as a member of the Board. No replacement announced yet.


Idaho

Alternate Energy Holdings, Eagle, ID                                                  Revenues: NA

Alternate Energy Holdings is engaged in the purchase, optimization and construction of green energy sources, primarily nuclear power plants.

November 2012 - Alternate Energy Holdings announced that founder Don Gillispie will step down as CEO and Director after seven years. The decision was made amid ongoing health concerns, although Gillispie will assist the company part time as a consultant only as his health allows going forward. In his place, the AEHI Board of Directors voted unanimously to appoint Pete Honeysett, AEHI Director of Nuclear Projects, as interim President.


Illinois

Heidrick & Struggles, Chicago, IL                                                        Revenues: $443.8m

Heidrick & Struggles is an advisory firm providing executive search and leadership consulting services.

July 2013 - Heidrick said Chief Executive L. Kevin Kelly stepped down and will return to the firm's executive-search business in a senior client service role. He will be replaced on an interim basis by the leader of the company's Americas business, Jory Marino. A board search committee will look for a successor. Mr. Marino will be considered for the permanent post.


Roseland Community Hospital, Chicago, IL                                         Revenues: Private

Roseland Community Hospital is a full-service medical facility with health care professionals in several medical specialties.

June 2013 - CEO and President of Roseland Community Hospital, Dian Powell, has resigned. Board Chairman Genivee Chapman was appointed interim CEO.


Kansas

Delta Dental of Kansas, Wichita, KS                                                    Revenues: Private

Delta Dental of Kansas is the largest provider of dental benefits in Kansas.      

July 2013 – CFO Michael Herbert will serve as the interim CEO of Delta Dental of Kansas Inc. when Linda Brantner retires later this year. Delta will conduct a national search for Brantner’s replacement.


Indiana

Vera Bradley, Fort Wayne, IN                                                              Revenues: $541.1m

Vera Bradley is a designer, producer, marketer, and retailer of functional accessories for women. The Company’s products include a range of offering of handbags, accessories, and travel and leisure items.      

June 2013 - Current CEO Michael Ray has notified the company that he will retire, and Vera Bradley has formed a search committee to hunt for a successor, with the aid of executive search concern Spencer Stuart.


Maine

CashStar, Portland, ME                                                                        Revenues: Private

CashStar operates digital gift card programs for major retailers.      

May 2013 - CashStar co-founder and CEO David Douglas Stone has left the Portland-based high-tech firm, according to the company's website. The website no longer lists Stone as CEO. Instead, California-based entrepreneur Steven Boal is listed as interim CEO. Boal is also a company co-founder and is chairman of the board of directors.


Massachusetts

Waters Corporation, Milford, MA                                                         Revenues: $1.84b

Waters Corporation is an analytical instrument manufacturer that primarily designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products.

August 2013 - Waters Corporation announced that Douglas A. Berthiaume has communicated his intention to retire as CEO within the next twenty-four months. The Board of Directors has appointed a Succession Planning Committee that will guide the process of selecting a successor, and plans to engage an executive search firm to assist in a search which will consider both internal and external candidates.


InVivo Therapeutics, Cambridge, MA                                                  Revenues: NA

InVivo Therapeutics, formerly Design Source, is developing and commercializing technologies for the treatment of spinal cord injuries.

August 2013 - InVivo Therapeutics appointed Michael J. Astrue as interim CEO . Astrue is currently the non-executive Chairman of the Board at Vivus, a biopharmaceutical company.


Helicos BioSciences, Cambridge, MA                                                  Revenues: NA

Helicos BioSciences is a life sciences company focused on genetic analysis technologies and the monetization of that technology and related intellectual property.

September 2012 - Ivan Trifunovich is leaving Helicos BioSciences, the company disclosed. Helicos said that Trifunovich is resigned as president and CEO effective Sept. 14 2012 and resigned as executive chairman of Helicos' board on Aug. 31 2012.


Affectiva, Waltham, MA                                                                       Revenues: Private

Affectiva is the global leader in emotion measurement technology.

June 2013 – Affectiva announced that as part of its continued focus on digital, media and market research, Nick Langeveld has been appointed as interim CEO. David Berman will transition from his role as CEO and will assume a new position as chairman of the board of directors, and eventually leave the company.


Michigan

St. John Providence Health System, Warren, MI                               Revenues: Private

St. John Providence Health System is comprised of five hospitals plus more than 125 medical facilities in southeast Michigan.    

May 2013 - Patricia Maryland, the outgoing president and CEO of metro Detroit’s St. John Providence Health System, announced that she stepped down from her leadership post today, a month and a half earlier than initially planned. Jean Meyer, formerly the EVP of the five-hospital system, took over as interim president and CEO.


Minnesota

Uroplasty, Minnetonka, MN                                                                  Revenues: $20.6m

Uroplasty is a medical device company, develops, manufactures, and markets proprietary products for the treatment of voiding dysfunctions.                  

April 2013 – Uroplasty announced that David B. Kaysen has tendered his resignation as President, CEO and a member of the Board of Directors, effective April 5, 2013. Independent director Robert C. Kill has been named interim CEO while the board of directors conducts a search for a permanent CEO.

Communications Systems, Minnetonka, MN                                        Revenues: $104.2m

Communications Systems (JCS) is engaged through its Suttle and Austin Taylor business units in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems and through its Transition Networks business unit in the manufacture and sale of media and rate conversion products for telecommunications networks.          

September 2013 – Mr. William G. Schultz resigned as the Company’s CEO and as a director on September 3, 2013, but will continue to provide consulting services to the Company. The Company announced the appointment of the Company's Chairman, Curtis A. Sampson, as interim CEO.


Missouri

Stereotaxis, St. Louis, MO                                                                   Revenues: $46.6m

Stereotaxis is a company that develops probes, devices, therapeutic and magnetic surgery delivery systems.

March 2013 – Stereotaxis announced that Michael Kaminski will step down as President and CEO, effective April 12, 2013, to accept a position as division president of a company in an unrelated field. The Stereotaxis Board has appointed Chairman William Mills III as interim CEO and created an interim Office of the Chief Executive, with Director Dr. Euan Thomson providing support and guidance in certain areas to ensure a seamless transition to new company leadership. Augmenting this office will be a senior executive committee representing the Company's business segments. The Board will immediately retain an executive search firm to assist in conducting a comprehensive search for a successor.


Saepio, Kansas City, MO                                                                      Revenues: Private

Saepio is a privately held, US-based provider of marketing technology and services for corporations with distributed marketing networks.

September 2013 – John Thomson resigned from his post to run a Kansas City technology startup, Saepio COO Eric Bur said. The company announced that Mark Hunter, Saepio's chief client officer, had been named interim CEO.


Montana

Stillwater Mining Company, Billings, MT                                             Revenues: $800.2m

Stillwater Mining Company engages in the development, extraction, processing, smelting, refining, and marketing of palladium, platinum, and associated metals (platinum group metals or PGMs) from a geological formation in south-central Montana known as the J-M Reef and from the recycling of spent catalytic converters. 

June 2013 – Stillwater Mining Company announced that Frank McAllister, the Company's CEO, has announced his retirement from the Company. Terrell I. Ackerman, VP of Corporate Development for the Company, has agreed to serve as the interim CEO of the Company, while the search continues for a permanent CEO.


Vann's Acquisition, Missoula, MT                                                         Revenues: NA

Vann's Acquisition LLC sells electronics and appliances through its retail stores and online in the United States.                                     

June 2013 – Less than three months after announcing the closure of all three Vann’s stores in Western Montana, the CEO of Vann’s Acquisition has left the company. Greg Regelbrugge said that he left the company for personal reasons and is now working in Seattle. A national search to find Regelbrugge’s replacement is under way.


New Hampshire

Standex International, Salem, NH                                                       Revenues: $634.6m

Standex International Corporation is a manufacturer of a range of products and services for diverse industrial markets segments.

August 2013 - Standex International Corporation announced that President and CEO Roger Fix plans to retire upon the appointment of a new CEO. The board of directors has engaged international executive recruiting firm Heidrick & Struggles to conduct the search for the new CEO.


New Jersey

Silverstar Mining, Jersey City, NJ                                                        Revenues: NA

Silverstar Mining is a development-stage company. During the fiscal year ended September 30, 2012, the Company is engages in the exploration and development of properties in the Caribou Mining District in east-central British Columbia, Canada.

May 2013 - Neil Kleinman resigned as CEO and as a Director of the Company. No replacement has been announced yet.


New Mexico

Los Alamos National Bank,  Los Alamos, NM                                      Revenues: Private

Los Alamos National Bank is a full service financial institution, serving customers in northern New Mexico.

February 2013 - Los Alamos National Bank’s CEO Bill Enloe has announced his retirement. Bank president Steve Wells will take over as interim CEO.


New York

Eastman Kodak Company, Rochester, NY                                           Revenues: $4.11b

Eastman Kodak Company (Kodak) is a picture and printing company. The Company operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG), and Film, Photofinishing and Entertainment Group (FPEG).

July 2013 - Antonio Perez, who has led Eastman Kodak Co.’s transformation into a commercial imaging company, will serve, at most, one year as CEO after the company emerges from Chapter 11 bankruptcy. Perez will work with the board to identify his successor.


First Niagara Financial Group, Buffalo, NY                                         Revenues: $1.29b

First Niagara Financial Group provides a range of retail and commercial banking, and other financial services through its wholly owned bank subsidiary, First Niagara Bank.

March 2013 - John Koelmel has stepped down as president and CEO of First Niagara Financial Group. Gary Crosby, chief administrative and operations officer of First Niagara (Nasdaq: FNFG) has been named interim CEO.


Martha Stewart Living Omnimedia, New York, NY                             Revenues: $197.6m

Martha Stewart Living Omnimedia is a diversified media and merchandising company organized into four segments: Publishing, Internet, Broadcasting media platforms and Merchandising product lines.

December 2012 - Martha Stewart Living Omnimedia announced that President and CEO Lisa Gersh plans to step down from that role and that a search is underway to name a successor.


Morgans Hotel Group, New York, NY                                                   Revenues: $189.9m

Morgans Hotel Group is a fully integrated lifestyle hospitality company that operates, owns, acquires, develops and redevelops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations.

September 2013 - Morgans Hotel Group said Michael Gross resigned as CEO after its largest shareholder led an ouster of the board. Jason Kalisman, the company’s chairman, will take over as interim CEO.


Vicon Industries, Hauppauge, NY                                                       Revenues: $49.7m

Vicon Industries provides a range of video systems and system components used for security, surveillance, safety and control purposes.

February 2013 - Vicon Industries announced that Kenneth M. Darby has informed the Board of Directors of his decision to retire as CEO and President no later than December 31, 2013. Mr. Darby, 67, will continue to serve in his current capacity, until a successor is named and the CEO transition is complete.


Vision-Sciences, Orangeburg, NY                                                       Revenues: $15.3m

Vision-Sciences designs, develops, manufactures, and markets products for endoscopy, the science of using an instrument, known as an endoscope, to provide minimally invasive access to areas not readily visible to the human eye.

May 2013 - Vision-Sciences announced that Howard I. Zauberman has been named as Interim CEO. Mr. Zauberman replaces Cynthia Ansari, who stepped down as CEO and President. A special committee of the Board, composed of independent directors, has initiated the search for a new CEO.


ProLiteracy, Syracuse, NY                                                                   Revenues: Private

ProLiteracy is a non-profit Organization. ProLiteracy focuses on creating or assisting programs that help people learn to read, write, compute and use technology.

November 2012 - The president and CEO of ProLiteracy David Harvey, 50, has left the international nonprofit. Kevin Morgan, ProLiteracy’s chairman of the board, was appointed interim president and CEO.


ProText Mobility, Syosset, NY                                                             Revenues: NA

ProText Mobility, formerly EchoMetrix, develops markets and sells software products and solutions for the Internet and mobile communications markets. The Company has three products, one for personal computers (PCs) and two for the mobile communications devices.

May 2013 - Effective May 20, 2013, Steve Berman was appointed as Interim CEO of Protext Mobility.


Cushman & Wakefield, New York, NY                                                  Revenues: Private

Cushman & Wakefield, with more than 240 offices in about 60 countries, serves the real estate needs of corporations and financial institutions globally.

June 2013 - In a surprise move, the CEO of brokerage Cushman & Wakefield stepped down after three years in the executive suite. The sudden departure of Glenn Rufrano is a sign of stress at one of the world's top commercial real-estate firms. New York-based Cushman & Wakefield at one point was clearly the top commercial brokerage in the city, but it was toppled from that position by competition. Mr. Rufrano served as chief executive since early 2010. The company said on Monday that he would be succeeded temporarily by Carlo Barel di Sant'Albano, who is currently the chairman.


The Newsweek Daily Beast Company, New York, NY                         Revenues: Private

The Newsweek Daily Beast Company is an American media company, and owner of Newsweek and The Daily Beast. It was established in 2010 as a merger between the two media outlets. The company is owned by IAC and the estate of the late Sidney Harman.

June 2013 - Baba Shetty, who became CEO of The Newsweek Daily Beast Company just nine months ago, is leaving the company. The company has already secured Rhona Murphy, its international publisher, as interim CEO. She will be "supported" by CFO Gary Starr, CAO and GC Randy Shapiro, president Rob Gregory and Andrew Perlmutter, who is taking on the role of general manager of business operations and development.


North Carolina

Chelsea Therapeutics, Charlotte, NC                                                  Revenues: $12.9m

Chelsea Therapeutics is a pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases.

July 2012 - Chelsea Therapeutics CEO, board members resign; job cuts, reorganization planned. The Charlotte, N.C., company said that founder and CEO Simon Pedder has resigned, , and Kevan Clemens will be replaced by Dr. Michael Weiser as board chairman but will remain a director. Operations VP Joseph G. Oliveto will serve as interim CEO.


CaroMont Health, Gastonia, NC                                                           Revenues: Private

CaroMont Health is an independent not-for-profit health care system serving residents of North Carolina's Piedmont region.

May 2013 - CaroMont Health has fired system President and CEO Randall Kelley in the wake of opposition from physicians and CaroMont's recently recalled "Cheat Death" campaign, according to a Charlotte Observer report. In a 8-2 vote, the board fired Mr. Kelley after a lengthy board meeting. CaroMont COO Douglas Luckett was named interim president and CEO.


LipoScience, Raleigh, NC                                                                     Revenues: $54.8m

LipoScience is a vitro diagnostic company.

August 2013 – LipoScience’s President and CEO Richard Brajer is stepping down. Board member Robert Greczyn is now serving as its interim president and CEO. LipoScience has begun a search for a successor.


Ohio

Cliffs Natural Resources, Cleveland, OH                                            Revenues: $5.97b

Cliffs Natural Resources is an international mining and natural resources company.

July 2013 - Cliffs Natural Resources announced that its president and CEO Joseph Carrabba will be retiring from his post by Dec 31, 2013. Carrabba, however, will continue to serve as president and CEO and a director of the company until a successor is elected.


EQM Technologies & Energy, Cincinnati, OH                                      Revenues: $79.5m

EQM Technologies & Energy, formerly Beacon Energy Holdings, is engaged in the production and marketing of biodiesel.

June 2013 - EQM Technologies & Energy announced the appointment of Jon Colin as its interim CEO. Colin will assume CEO duties immediately while EQM’s board initiates a search for a permanent chief executive.


Madison County Hospital, London, OH                                               Revenues: Private

Madison County Hospital is a general medical and surgical hospital in London, OH.

December 2012 - Fred Kolb, CEO of Madison County Hospital in London, Ohio, retired on Dec. 28 2012. The hospital's CFO, Mike Browning, serves as interim CEO until a permanent replacement is named. Madison County Hospital retained search firm B. E. Smith for the CEO recruitment.


Oklahama

Limco-Piedmont, Tulsa, OK                                                                 Revenues: Private

Limco-Piedmont performs aircraft component maintenance, repair, and overhaul (MRO) services for commercial and military planes, as well as air cargo carriers.

November 2012 - Mr. Paul Hall, the CEO of Limco-Piedmont, a wholly-owned subsidiary of TAT, resigned from his position.  A successor has not yet been appointed.


Semgroup Corporation, Tulsa, OK                                                      Revenues: $1.07b

Semgroup Corporation provide gathering, transportation, storage, distribution, marketing and other midstream services in the Midwest and Rocky Mountain regions of the United States, Canada and the west coast of the United Kingdom.

August 2013 - Norman J. Szydlowski, President and CEO of SemGroup Corporation , advised the Board of Directors of the Company that he will retire once a successor is in place. Szydlowski will continue to serve in his current capacities to ensure an orderly transition.


Rose Rock Midstream, Tulsa, OK                                                        Revenues: $620.5m

Rose Rock Midstream owns, operates, develops and acquires a diversified portfolio of midstream energy assets.

August 2013 - Norman J. Szydlowski, President and CEO of the general partner of Rose Rock Midstream, L.P. advised the Board of Directors of the General Partner that he will retire once a successor is in place. Szydlowski will continue to serve in his current capacities to ensure an orderly transition.


Oregon

Hurley International, Beaverton, OR                                                  Revenues: Private

Hurley International – Owned by NIKE, Hurley is a clothing, footwear, sportswear, and equipment supplier based in the United States.

June 2012 - NIKE announced that company founder and Chairman Bob Hurley will assume the interim CEO role at Hurley International, replacing Michael Egeck who has decided to leave the company. Hurley will work closely with Roger Wyett, President of NIKE Affiliates, and a former CEO of Hurley, during the transition.


Pennsylvania

Bryn Mawr Bank Corp, Bryn Mawr, PA                                                Revenues: $107.1m

Bryn Mawr Bank Corporation operates as the holding company for The Bryn Mawr Trust Company that provides personal and business banking services.

May 2013 - Bryn Mawr Bank Corporation announced that Frederick C. Peters, II, its Chairman, CEO and President, has informed the board of directors of his intent to retire at or prior to the end of 2014. No Successor named yet.


Michael Baker Corporation, Allegheny County, PA                             Revenues: $593.4m

Michael Baker Corporation provides engineering services for public and private sector clients worldwide. The Company's operates in two segments: Transportation and Federal.

December 2012 - Michael Baker Corporation announced that, at the request of its Board of Directors, Bradley L. Mallory has stepped down as president and CEO and director of the Company. The Company has created an Office of the Chief Executive, composed of Michael J. Zugay, CFO, and H. James McKnight, chief legal officer, to lead the Company on an interim basis. Supporting this office will be an Operations Committee consisting of senior operating executives representing the Company's business segments. Korn/Ferry to Assist Baker Board with CEO Search.


TechPrecision Corp., Center Valley, PA                                               Revenues: $33.3m

TechPrecision is a global manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the commercial industries.

May 2013 - TechPrecision reported that James Molinaro, the Company’s CEO, informed the Company’s board of directors that he has decided to resign from all positions he holds with the Company, including the positions of CEO and director, to pursue other opportunities. The Company’s board of directors has given Leonard Anthony, the current chairman of the board of directors, the responsibilities of the Company’s principal executive officer, making him the Company’s Executive Chairman while the Company undertakes a search to find a permanent CEO.


Big Brothers Big Sisters Lehigh Valley, Allentown, PA                       Revenues: Private

Big Brothers Big Sisters, which pairs children with volunteer mentors, helps youngsters achieve educational success, avoid risky behavior, develop higher aspirations and build self confidence.

June 2013 - Big Brothers Big Sisters Lehigh Valley announced that Maryjean deSandes, its CEO for the past 26 years, is leaving her position. The board has begun a search to fill deSandes' position.


South Carolina

Blackbaud, Charleston, SC                                                                  Revenues: $438m

Blackbaud is a global provider of software and related services designed specifically for nonprofit organizations.

January 2013 - Blackbaud announced President and CEO Marc Chardon will step down by the end of 2013. He will work with the board and an executive search firm to help identify his successor.


Tennessee

Kirkland’s, Nashville, TN                                                                      Revenues: $448.4m

Kirkland’s is a specialty retailer of home decor and gifts in the United States.

March 2013 - Kirkland's announced that Robert Alderson, the Company’s long-time President and CEO, has advised the Board of Directors of his intention to retire from the Company at the end of fiscal 2013, or approximately February 1, 2014.


Mountain National Bancshares, Sevierville, TN                                   Revenues: NA

Mountain National Bancshares operates as the holding company for Mountain National Bank that provides various commercial banking services.

September 2012 - James S. Friddell resigned as CEO and Director of Mountain National Bancshares, and Mountain National Bank, a wholly-owned subsidiary of the Company, with no replacement announced.


Texas

AZZ Incorporated, Fort Worth, TX                                                       Revenues: $570.6m

AZZ Incorporated is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets, and a provider of hot dip galvanizing services to the North American steel fabrication market.

June 2013 - David H. Dingus, President and CEO of the Company informed the Board of his desire and intent to retire, due to health issues, from his current positions, effective March 1, 2014. The Board has appointed a succession committee and will immediately commence a nationwide search to succeed Mr. Dingus. The search will encompass both internal and external candidates.


KMG Chemicals, Houston, TX                                                              Revenues: $272.7m

KMG Chemicals manufactures, formulates and globally distributes specialty chemicals.

June 2013 - KMG Chemicals announced that J. Neal Butler, current president and CEO, has decided to resign as an officer and director of the company. Christopher T. Fraser, chairman of KMG's board of directors, has been appointed interim president and CEO to lead the company until a successor is in place.


GSE Holding, Houston, TX                                                                   Revenues: $476.6m

GSE Holding is a provider of engineered geosynthetic containment solutions.

July 2013 - GSE Holding announced that Mark Arnold, its President and CEO will be leaving the Company. The Company's Board of Directors has appointed Charles A. Sorrentino, a current member of the Board, as interim President and CEO.


Active Power, Austin, TX                                                                     Revenues: $76.3m

Active Power designs, manufactures and services uninterruptible power supply (UPS) products and modular infrastructure solution (MIS) products that provide electrical power continuity and integrated infrastructure platforms for data centers and other mission critical applications.

July 2013 - Active Power announced Dr. Ake Almgren, the company's chairman of the board, will become the company's interim president and CEO. Dr. Almgren will succeed Doug Milner, who submitted his resignation as president and CEO.


Crossroads Systems, Austin, TX                                                          Revenues: $14m

Crossroads Systems provides data archive and protection solutions.

May 2013 - Software maker Crossroads Systems's longtime CEO, Robert Sims, has left the company. The board has appointed director Rick Coleman Jr. as interim president and CEO during the selection process for a permanent replacement.


J. C. Penney, Plano, TX                                                                        Revenues: $12.98b

J. C. Penney is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012.

April 2013 - J.C. Penney is seeking a new CEO to replace interim CEO Mike Ullman. “According to a letter from Bill Ackman, he is frustrated with CEO search process, which he said is not going fast enough. It was supposed to complete by April”. Allen Questrom has agreed to come back as Chairman if he agrees with the new CEO choice, the letter also suggests.


Utah

SecureAlert, Sandy, UT                                                                        Revenues: $19.8m

SecureAlert provides offender tracking devices, combining global positioning system (GPS) tracking technologies, fulltime intervention-based monitoring capabilities and case management services.

October 2012 – SecureAlert announced that John L. Hastings III will be leaving his role as President, COO and CEO of the Company effective October 23, 2012 to pursue other opportunities. George Schmitt and Winfried Kunz, directors of the Company, will form a Board-appointed Executive Committee to fulfill the duties of the CEO during the interim until a new CEO is identified and engaged by the Company.


Virginia

BAE Systems, Inc., Arlington, VA                                                          Revenues: NA

BAE Systems, Inc. takes care of business in North America for UK-based parent BAE SYSTEMS plc - the largest foreign player in the US defense market.

August 2013 - Linda Hudson, CEO of the U.S. unit of Britain's BAE Systems, will retire early next year. The company said it would start a search for a successor.


Washington

Microsoft, Redmond, WA                                                                       Revenues: $77.84b

Microsoft is engaged in developing, licensing and supporting a range of software products and services.

August 2013 - On August 21, 2013, Steven A. Ballmer, CEO notified the board of directors of Microsoft Corporation that he plans to retire within the next 12 months. Mr. Ballmer will continue to serve as CEO of the Company until his successor is appointed.


Bill & Melinda Gates Foundation, Seattle, WA                                     Revenues: NA

Established by the chairman of Microsoft Corporation and his wife, the Bill & Melinda Gates Foundation works in developing countries to improve health and reduce poverty, and in the US to support education and libraries nationwide and children and families in the Pacific Northwest.

September 2013 - Jeff Raikes, the CEO of Bill Gates' $38 billion philanthropy organization announced his retirement, without a successor being named.


RealNetworks, Seattle, WA                                                                 Revenues: $258.8m

RealNetworks is a provider of network-delivered digital media products and services.

July 2012 - RealNetworks announced that Thomas Nielsen has resigned as president and CEO. RealNetworks chairman and founder Rob Glaser has been appointed Interim CEO. The board has begun a search for a new permanent CEO. Glaser said he is not a candidate.


Ambassadors Group, Spokane, WA                                                     Revenues: $58.1m

Ambassadors Group is an educational company. The Company is engaged in organizing and promoting differentiated worldwide travel programs for students and professionals.

February 2013 - Ambassadors Group announced the resignation of Jeffrey D. Thomas as a member of the Board and as the Company's President and CEO.


MPM Technologies, Spokane, WA                                                       Revenues: NA

MPM Technologies manufactures Charpy impact test machines in the world and offers testing, research, and consulting services.

June 2013 - Peter Colella, Jr. is appointed as Interim CEO, to oversee the Company’s day to day operations and shall perform the duties commensurate with his position until the Board of Directors has identified a new CEO.


Red Lion Hotels Corporation, Spokane, WA                                        Revenues: $150.3m

Red Lion Hotels Corporation (RLH), is engaged in the ownership, operation and franchising of midscale, full, select and limited service hotels under its Red Lion brand.

August 2013 - Red Lion Hotels Corporation announced the retirement of President and CEO Jon E. Eliassen, and James P. Evans, a director of the company since December 2012  and the former CEO of Brand USA, Ardent Hotel Advisors, Jenny Craig International and Best Western International, has  assumed  the role of Interim President and CEO.


Rhapsody, Seattle, WA                                                                         Revenues: NA

Rhapsody is a premium subscription music service, with more than one million members, who can listen to more than 16 million tracks on more than 70 consumer electronics devices, including connected audio systems, smartphones, Android tablets, MP3 players and connected TVs.

September 2013 - Music streaming service Rhapsody laid off 15 percent of its staff and said its president, Jon Irwin, is stepping down. The company also announced investment firm Columbus Nova Technology Partners has become a major shareholder. While it looks for a new CEO, the company will be run by a committee of Rhapsody executives.


West Virginia

MTR Gaming Group, Chester, WV                                                        Revenues: $478.6m

MTR Gaming Group owns and operates racetrack, gaming and hotel properties in West Virginia, Pennsylvania, and Ohio.

April 2013 - MTR Gaming Group announced that Jeffrey J. Dahl has provided his notice of resignation from his position as President and CEO of MTR Gaming Group to pursue other business opportunities. Dahl has agreed to remain with the Company in his current position as the Board conducts its interview process for a new CEO. COO Joseph L. Billhimer adds on the role of Acting President.


Wyoming

Cheyenne Regional Medical Center, Cheyenne, WY                           Revenues: NA

Cheyenne Regional Medical Center is a general medical and surgical hospital in Cheyenne, WY.

August 2013 - Cheyenne Regional Medical Center has appointed Margo Karsten to serve as interim CEO when current CEO John Lucas retires on September 1.


Canada

Lululemon Athletica, Vancouver, BC                                                   Revenues: $1.37b

Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.

June 2013 - Lululemon CEO Christine Day is stepping down after five and a half years at the helm of the international apparel retailer famous for its yoga wear, the company announced. Day will stay on as CEO until the Lululemon board of directors can find a suitable replacement. A search committee for a new CEO was formed.


Vitran Corporation, Toronto, Ontario                                                  Revenues: $702.9m

Vitran provides freight surface transportation and related supply chain services in Canada and United States.

April 2013 - Vitran Corporation announced that its Board of Directors has appointed Bill Deluce, a current member of the Board, as interim President and CEO following the resignation of Rick Gaetz as President and CEO and a Director of the Company, effective immediately.


Rockbridge Resources, Vancouver, BC                                               Revenues: $288.03m

RockBridge Resources engages in the acquisition and development of oil and natural gas resource properties in Canada.

June 2013 - Canadian junior RockBridge Resources is in the hunt for a new boss after its president and chief executive quit. Mike O’Byrne is vacating the top seat “to focus on his own business endeavours” but will remain on the board, the Vancouver-based explorer said. Current director Stephen Mathiesen, a business lawyer and partner with Lang Michener, will step in on an interim basis.


Quantitative Alpha Trading, Toronto, ON                                           Revenues: NA

Quantitative Alpha Trading, formerly RTN Stealth Software, is engaged in the developing and monitoring real-time, intraday, trading software as a service to money managers.

March 2013 - Quantitative Alpha Trading announced that Dr. Alex Bogdan has resigned as Director, President and CEO, with no replacements announced.


QLT, Vancouver, BC                                                                             Revenues: NA

QLT, a biotechnology company, engages in the development and commercialization of ocular products that address the unmet medical needs of patients and clinicians worldwide.

February 2013 - Charting a new course after a boardroom coup, Canadian biotech company QLT outlined plans on July 9 2012, to cut 68 percent of its workforce and find a new chief executive as CEO Robert Butchofsky to step down. It said Butchofsky has agreed to stay in his job until July 31 2012, or until the board names a new CEO. QLT said it is currently evaluating several candidates for the post.


Valdor Technology International, Vancouver, BC                               Revenues: N/A

Valdor Technology International is a technology fiber optic components company using its Impact Mount and HeptoPort technologies.

December 2012 - Mr. Robert Nickel has resigned as Director, CEO and President of Valdor Technology. No replacement announced.


Dessau, Montreal, Quebec                                                                   Revenues: NA

Dessau operates as an engineering-construction company. Besides engineering services, it also provides urban planning and landscape architecture services.

June 2013 - A major Quebec engineering firm has become the latest to lose its top executive in the wake of corruption scandals. Montreal-based Dessau Inc. announced the resignation of Jean-Pierre Sauriol as CEO and president. Sauriol will be replaced by Marc Verreault on an interim basis.


SMTC Corporation, Markham, ON                                                        Revenues: $296.3m

SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS), including product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order and end customer fulfillment..

May 2013 - SMTC Corporation announced that Alex Walker and Claude Germain mutually agreed with the Board of Directors to terminate their employment as Co-CEO's of the Company and their respective directorships. Directors Larry Silber is now Interim President and CEO and Clarke Bailey is Executive Chairman.


Yellow Media, Verdun, QC                                                                   Revenues: NA

Yellow Media is a Canada-based digital advertising and marketing solutions company.

August 2013 - Yellow Media’s chairman of its board of directors Robert MacLellan will take on the CEO's role temporarily as the publishing company continues to search for a permanent replacement for Marc Tellier, who vacates the position.


Other International

Nokia, ESPOO, Finland                                                                         Revenues: $30.17b

Nokia Corporation is a Finnish multinational communications and information technology corporation that is headquartered in Espoo, Finland.

September 2013 - Nokia said its CEO, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia's handset business is closed. Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO.


Lloyds Banking Group, London, UK                                                     Revenues: $15.36b

Lloyds Banking Group is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.                

July 2013 - Lloyd's of London CEO Richard Ward will resign his post at the end of the year. The Council of Lloyd's and the Franchise Board will conduct a search for a successor for Mr. Ward and said it is hoped that a successor will be named before the end of the year.


Alvarion, Tel Aviv, Israel                                                                       Revenues: $49.9m

Alvarion is engaged in the design, development, manufacturing and marketing of wireless products.

April 2013 - Alvarion is now on the hunt for a new chief executive. Hezi Lapid has resigned as CEO. Assaf Katan is Acting CEO.


Karstadt, Essen, Germany                                                                    Revenues: NA

Karstadt, based in Essen, Germany, operates department stores, sporting goods stores, gastronomy and food retail activities throughout Germany.

June 2013 - Andrew Jennings, the British CEO of German retail chain Karstadt will leave when his contract expires at the end of this year, with no replacement named yet.


Sterling Energy, London, UK                                                                Revenues: $22.5m

Sterling Energy is an upstream oil and gas company. Sterling is an operator of international licenses with a focus on projects in Africa and the Middle East.

August 2013 - Sterling Energy CEO Angus MacAskill has resigned and executive chairman Alastair Beardsall will become interim CEO.


Göteborg & Co, Göteborg, Sweden                                                      Revenues: NA

Göteborg & Co aims to market and collaborate in developing Gothenburg as a tourist, meeting and event destination.

August 2013 - Sabine Söndergaard will leave her position as CEO of Göteborg & Co. The acting CEO Camilla Nyman will continue to lead the company.


Deutsche Lufthansa AG, Koeln, Germany                                            Revenues: $33.13b

Deutsche Lufthansa AG is a Germany-based aviation company with global operations and a total of more than 400 subsidiaries and associated companies.

September 2013 - Deutsche Lufthansa AG CEO Christoph Franz said he would leave the German airline in May 2014, after just three years in the post, compelling the company to find a successor midway through a bruising restructuring.

Read 17914 times Last modified on Thursday, 03 October 2013 10:40
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

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