Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 31 days ended June 11, 2015.
Some observations (according to Liberum):
May 2014 Compared to May 2015: For May 2015 CEO changes declined 16% from May a year earlier.
April 2015 Compared to May 2015: For the month to month changes in executive turnover, CEO changes increased 9%.
CEO Stats In this Newsletter- Technology Industry
New Tech CEO Openings: One – Twitter (CA)
Total Tech CEO Roles Open: 10
New Tech CEO Appointments: 17
Sources of Tech CEO Appointments: 9 external; 8 internal promotions –Deputy CEO (1), President (1), COO (1), Others (5).
Geographic Distribution of new Tech CEOs: 11 in the U.S and six international.
Gender Diversity: None of 11 CEOs appointed were women.
CEO Stats In this Newsletter- All Other Industries
New CEO Openings (other industries): 11 - Providence Service (AZ), Boulder Brands (CO), Chico's FAS (FL), Tempur Sealy (KY), KEYW Holding (MD), Carolinas HealthCare System (NC), Enable GP (OK), Healthways (TN), Titanium Healthcare (TX), Lumber Liquidators (VA), and Sasol Limited (South Africa)
Total CEO Roles Open: 55 (other industries)
New CEO Appointments: 91 (other industries)
Sources of Appointments (other industries): 32 were external appointments; 59 were internal promotions – COO (15), divisional execs (15), President (9), iCEO (5), Chair (3), CFO (3), others (9)
Geographic Distribution of new CEO Appointments (other industries): US (65), Canada (3) and International (23)
Gender Diversity (other industries): Nine women were appointed as CEOs - Aerojet Rocketdyne Holdings (CA), Mountain High Acquisitions Corp (CO), Central Pacific Financial (HI), Western Asset Income Fund (MD), Delcath Systems (NY), ID Media (NY), World Acceptance Corp. (SC), Response Biomedical Corp (Canada), and China Lodging Group (China).
All the best,
Vell Executive Search
Tech Companies: CEO Roles Open & CEOs Appointed
Tech CEOs Wanted
Twitter, San Francisco, CA Revenues: $1.4B Twitter is a global platform for public self-expression and conversation in real time.
June 2015 - Richard Costolo has decided to step down as CEO of Twitter. The board has named Jack Dorsey, Co-Founder and Chairman, to serve as Interim CEO while the Board conducts a search for Twitter’s next CEO. Twitter’s Board has formed a Search Committee to lead the search and will retain a leading executive search firm to assist in conducting a global search, which will consider both internal and external candidates for the CEO position.
Rocket Fuel, Redwood City, CA Revenues: $408.6M
Rocket Fuel is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.
March 2015 - Rocket Fuel will begin the process to identify a successor to the company’s CEO, George John. Monte Zweben, an accomplished marketing and technology executive and Rocket Fuel Board member since 2010, has been appointed interim CEO while the company searches for a full-time replacement.
Reddit, San Francisco, CA Revenues: Pvt.
Reddit is an entertainment, social networking service and news website where registered community members can submit content, such as text posts or direct links.
November 2014 - Yishan Wong has resigned as CEO of Reddit, the community-curated message board, following a disagreement with the board of directors over new offices. Ellen Pao, Reddit's business and partnerships strategist, will serve as interim CEO.
Iteris, Santa Ana, CA Revenues: $68.2M Iteris develops technologies and software-based information systems for traffic management.
February 2015 - Kevin Daly, non-executive Director of Iteris, will serve as CEO on an interim basis until the Company finds a permanent replacement for CEO Abbas Mohaddes, who resigned to pursue other opportunities.
Atmel Corporation, San Jose, CA Revenues: $1.4B Atmel is engaged in designing, developing and supplying of microcontrollers.
May 2015 - Steven Laub, president and CEO of microcontroller vendor Atmel Corp., plans to step down Aug. 31, according to the company. Atmel said its board will conduct a search for Laub’s successor. Both internal and external candidates will be considered.
ScopiaRx, Cincinnati, OH Revenues: Private
ScopiaRx founded in 2008 by Jeffrey Huth Phd, MD., is a startup company in Cincinnati, OH that has developed a new, comprehensive drug safety software and database platform to improve patient care and reduce medical costs.
May 2014 - ScopiaRx is looking for an executive with a strong sales background who can help lead an early stage health care IT company to market. The position is based in Cincinnati. The founder is an MD who is looking for a seasoned executive to direct the market expansion of a drug safety cloud-based analytics tool.
Viewpoint Construction Software, Portland, OR Revenues: Private
Viewpoint Construction Software makes software for the global construction market.
April 2015 – CEO Jay Haladay is leaving the company and would stay on the board. The day-to-day business will be conducted by president Jim Paulson until a permanent replacement is found.
TeleCity Group, London, U.K. Revenues: $529.6M
TeleCity Group is a provider of network-independent data centers providing colocation and related data centre services.
September 2014 - Michael Tobin, who had led the FTSE 250 group for a decade, left the company, with chairman John Hughes taking over executive responsibilities while a replacement is found.
Shanda Games Limited, Shanghai, China Revenues: $11.63B
Shanda Games Limited is a China-based company principally engaged in the development and operation of online games and related businesses..
November 2014 - Yingfeng Zhang has been appointed as acting CEO and the Board will begin a global search for a permanent successor.
Gilat Satellite Networks, Petah Tikva, Israel Revenues: NA
Gilat Satellite Networks is an Israel-based provider of provider of products and services for satellite-based broadband communications.
March 2015 –Erez Antebi, has decided to step down from the position of CEO of Gilat Satellite Networks. Chairman Dov Baharav will assume the position of interim CEO until a new CEO is appointed.
NetApp: EVP of Product Operation George Kurian will replace Thomas Georgens as CEO.
Selectica: Chief Strategy Officer Patrick Stakenas named President and CEO.
DecisionPoint Systems: The board appointed SVP/Operations & Software Services Greg Henry, 52, to be CEO.
WayIn: Social software startup WayIn has appointed Sun Microsystems founder (and investor) Scott McNealy as CEO.
DubLi: The ecommerce and network marketing company named Ivan Braiker, former President and CEO of Hipcricket, as CEO.
Alternet Payment Solutions: Fabio Alvino, founder of AMDOCS acquired UTIBA Americas, a mobile financial service, named CEO of the wholly owned subsidiary of Alternet Systems.
Cardiff International: The board appointed Alex H. Cunningham, 59, FranCnsult founder, to serve as President/CEO.
Inteliquent: Inteliquent taps former Sprint exec Matt Carter to be new CEO.
Vevo: Erik Huggers, digital media vet and Verizon SVP, has joined online music-video distributor Vevo as president and CEO.
Quality Systems: President and CEO of the HCIT firm Steven T. Plochocki is retiring, replaced by CareFusion executive Rusty Frantz.
Bigcommerce: e-commerce software developer Bigcommerce has named former HomeAway President Brent Bellm as its new CEO.
Partner Communications Company: Deputy CEO Isaac Benbenisti as the new CEO of the Israel based mobile network operator.
Magnachip Semiconductor: YJ Kim, a semiconductor industry veteran, joined as CEO of the South Korea-based designer and manufacturer of analog and mixed-signal semiconductor products.
Manx Telecom: Gary Lamb, current finance director, to succeed Mike Dee as CEO of this Mann located communication service provider.
Telenor: Norwegian telco Telenor has named Sigve Brekke, EVP and Head of Telenor Group’s Asia operations, as the company’s new Group President and CEO.
China TechFaith: COO Deyou Dong is the next CEO at China TechFaith, one of the biggest handset solution providers in China.
500.com Limited: The China based online sports lottery service provider appoints President Zhengming Pan as CEO.
Other Industries: CEOs Wanted
Providence Service, Tucson, AZ Revenues: $1.5B
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
May 2015 - The Providence Service Corporation’s CEO Warren Rustand will be stepping down from his role as the CEO and as a Board Director. Providence's Chairman, Chris Shackelton, will assume the CEO role on an interim basis until a replacement is named.
Landec Corporation, Menlo Park, CA Revenues: $476.8M
Landec Corporation develops polymer products for food and agricultural products, medical devices and licensed partner applications that incorporate Landec's polymer technologies.
September 2014 - Chairman and CEO, Gary T. Steele, plans to retire on May 31, 2015, but may serve beyond that date to help the CEO search process. He will remain as a director. The company has engaged JM Search, of Philadelphia, to help in the search process.
Jacobs Engineering Group, Pasadena, CA Revenues: $12.7B
Jacobs Engineering Group is a technical professional services firm.
November 2014 - Craig L. Martin retires, leading to Noel G. Watson to serve as Executive Chairman until a new CEO is appointed.
Joe's Jeans, Commerce, CA Revenues: $140.2M
Joe's Jeans is engaged in design, development and marketing of apparel products, which include denim jeans, related casual wear and accessories.
January 2015 –Marc Crossman resigned as President and CEO and will be transitioning to a consulting position. Samuel Joseph Furrow, Jr. (Jay) will serve as Interim CEO.
ACADIA Pharmaceuticals, San Diego, CA Revenues: NA
ACADIA Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in neurological and related central nervous system disorders.
March 2015 - ACADIA Pharmaceuticals announced that Uli Hacksell, Ph.D., has retired as ACADIA’s CEO and Board Member. Steve Davis, EVP, CFO and Chief Business Officer of ACADIA, has been appointed as Interim CEO. ACADIA’s Board of Directors plans to initiate a search for a permanent CEO.
AcelRx Pharmaceuticals, Redwood City, CA Revenues: NA
AcelRx Pharmaceuticals is a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of acute and breakthrough pain..
March 2015 – Former Gilead Sciences and ALZA exec Howard B. Rosen is the current interim CEO of AcelRx.
Fuel Systems Solutions, Santa Ana, CA Revenues: $339.1M
Fuel Systems Solutions designs, manufactures and supplies alternative fuel components and systems for use in the transportation, industrial markets and refueling applications across the world.
May 2015 – Mariano Costamagna, CEO of Fuel Systems Solutions, plans to retire from this position by the end of 2015 after ten years of service to the Company. The Board has appointed a search committee to commence a search for a new CEO.
Boulder Brands, Boulder, CO Revenues: $516.6M
Boulder Brands is a natural consumer packaged food company.
May 2015 - CEO Steve Hughes resigned. James B. Leighton, COO, will step into the CEO role on an interim basis. The company plans to conduct a national search for a new CEO and will consider internal and external candidates.
Chico's FAS, Fort Myers, FL Revenues: $2.7B
Chico’s FAS is a retailer of women’s clothing and accessories.
May 2015 - CEO David Dyer will retire next spring after taking the helm of the women’s apparel retailer in 2009. Dyer will remain CEO until a successor is appointed.
The St. Joe Company, Watersound, FL Revenues: $131.3M
The St. Joe Company is a Florida real estate development and operating company.
August 2014 - CEO, Park Brady retired, while the Company commenced the search for a new CEO. Jeffrey C. Keil, an independent Director of St. Joe since 2011, will serve as President and Interim CEO.
Crate and Barrel, Chicago, IL Revenues: NA
Crate & Barrel is a 170+ store American chain of retail stores, specializing in housewares, furniture, and home accessories.
August 2014 - Adrian Mitchell, Crate and Barrel’s COO and CFO, has assumed interim leadership and a search is underway to replace former CEO Sascha Bopp.
Walgreens Boots Alliance, Deerfield, IL Revenues: $76.39B
Walgreens Boots Alliance together with its subsidiaries operates as a retail drugstore chain in the United States.
November 2014 - Stefano Pessina, executive chairman of Alliance Boots and a member of the Walgreens board, will serve as its acting CEO, pending a board search for a successor. Walgreens president and CEO Greg Wasson retired shortly after the close of the Alliance Boots transaction.
Career Education, Schaumburg, IL Revenues: $736.9M
Career Education, through its colleges, schools and universities offers education in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings.
February 2015 - President and CEO Scott W. Steffey resigned. Chair Ronald D. McCray will serve as Interim President and CEO.
MillerCoors, Chicago, IL Revenues: Private
MillerCoors is a joint venture between SABMiller and Molson Coors Brewing Company.
February 2015 - CEO Tom Long intends to retire. The Board is conducting a search to identify a successor to lead MillerCoors through its next phase of growth and development. Molson Coors CFO Gavin Hattersley is serving as interim CEO.
Sagent Pharmaceuticals, Schaumburg, IL Revenues: $289M
Sagent Pharmaceuticals is an injectable pharmaceutical products company.
March 2015 - Sagent Pharmaceuticals’ founder Jeffrey Yordon would step down as chairman and CEO. Board member Frank Kung would take over as chairman and the company would immediately begin the search for a new CEO.
United Stationers, Deerfield, IL Revenues: $5.3B
United Stationers is a wholesale distributor of business products.
May 2015 - United Stationers President and CEO P. Cody Phipps, has resigned to pursue another opportunity. Board member Robert B. Aiken Jr. is now interim president & CEO.
Sears Hometown and Outlet Stores, Hoffman Estates, IL Revenues: $2.35B
Sears Hometown and Outlet Stores is a retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment.
April 2015 - W. Bruce Johnson, CEO and President, will leave the Company. The Board has commenced a search for a new CEO and has retained Heidrick & Struggles, a leading global executive search firm, to assist the Board in identifying and evaluating external and internal candidates.
Calumet Specialty Products Partners, Indianapolis, IN Revenues: NA
Calumet Specialty Products Partners is a producer of specialty hydrocarbon products in North America.
March 2015 - Calumet Specialty Products Partners promoted Vice Chairman and CEO F. William Grube, to the newly formed position of Executive Vice Chairman. Bill Hatch is now Interim CEO. The company has retained The Miles Group to assist in establishing the correct selection criteria and retained Spencer Stuart to assist in identifying the most qualified successors to the CEO.
Angie’s List, Indianapolis, IN Revenues: $315M
Angie’s List operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.
April 2015 - Angie’s List co-founder and CEO William Oesterle will step down to pursue other interests. Angie’s List has hired an executive-search firm to assist with finding a new CEO.
Tempur Sealy, Lexington, KY Revenues: $2.9B
Tempur Sealy International is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries.
May 2015 - W. Timothy "Tim" Yaggi, currently COO will serve as interim CEO of Tempur Sealy, as CEO Mark A. Sarvary resigns.
KEYW Holding, Hanover, MD Revenues: $290.5M
KEYW Holding is specialized provider of mission-critical cybersecurity, cyber superiority and geospatial intelligence solutions to United States Government defense, intelligence and national security agencies and commercial enterprises.
May 2015 - Mark Willard, KEYW’s COO has been named as interim President and CEO until a permanent CEO is appointed, as Chair and CEO Leonard Moodispaw retires.
Waters Corporation, Milford, MA Revenues: $1.84B
Waters Corporation is a laboratory analytical instrument and software company.
August 2013 - Douglas A. Berthiaume will retire as CEO within August 2015. The Board has appointed a Succession Planning Committee to guide the search process and engaged an executive search firm to assist in a search which will consider both internal and external candidates.
Sarepta Therapeutics, Cambridge, MA Revenues: $9.8M
Sarepta Therapeutics, formerly AVI BioPharma, Inc., is a biopharmaceutical company.
March 2015 - Sarepta Therapeutics named Edward Kaye, M.D., the company’s Chief Medical Officer (CMO), as interim CEO, replacing Christopher Garabedian.
BIND Therapeutics, Cambridge, MA Revenues: $10.4M
BIND Therapeutics is a clinical-stage nanomedicine platform company developing Accurins, its targeted and programmable therapeutics.
March 2015 - BIND Therapeutics appointed its COO & CFO Andrew Hirsch as acting president and CEO, replacing Scott Minick, who will remain as a Director. BIND intends to announce a permanent CEO following an expeditious evaluation of internal and external candidates.
ARIAD Pharmaceuticals, Cambridge, MA Revenues: $105.4M
ARIAD Pharmaceuticals is a global oncology company engaged in the discovery, development and commercialization of medicines for the cancer patients.
April 2015 - Harvey J. Berger, 64 will retire from the cancer drug company he founded, when a successor is named or by Dec. 31 at the latest, after reaching a settlement with the Connecticut hedge fund. The board has begun a search for a new CEO.
Harvard Apparatus Regenerative Technology, Holliston, MA Revenues: NA
Harvard Apparatus Regenerative Technology. is clinical stage regenerative medicine company developing life-saving medical devices.
April 2015 - David Green has resigned as CEO, President and Chairman. The Board has begun the search for a new President and CEO that has the skills and experience to lead HART through clinical trials and commercialization with respect to its product candidates. CFO Thomas McNaughton is interim CEO.
Glacier Bancorp, Kalispell, MT Revenues: $321M
Glacier Bancorp is a regional multi-bank holding company. It provides commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
October 2014 – Glacier Bancorp retained Spencer Stuart to advise the Board of Directors on potential internal and external candidates for a successor to Michael J. Blodnick as President and CEO.
Chambers Street Properties, Princeton, NJ Revenues: $250M
Chambers Street Properties is a net lease real estate investment trust.
November 2014 - President, CEO and Founder Jack Cuneo retires. CFO Martin Reid named iCEO.
Morgans Hotel Group, New York, NY Revenues: $189.9M
Morgans Hotel Group is a fully integrated lifestyle hospitality company.
September 2013 - Michael Gross resigned as CEO after its largest shareholder led an ouster of the board. Jason Kalisman, the company’s chairman, took over as interim CEO and has now resigned as iCEO and Chair, and remains as director. CFO Richard Szymanski is now principal executive officer.
Madison Square Garden, New York, NY Revenues: $1.6B
The Madison Square Garden Company is an integrated sports, entertainment and media business company.
October 2014 – Tad Smith has resigned as president and CEO to take over as president and CEO of auction house Sotheby's. The company, controlled by the Dolan family, which also owns Cablevision Systems, said that executive chairman James Dolan would oversee MSG on an interim basis.
Carolinas HealthCare System, Charlotte, NC Revenues: NA
Carolinas HealthCare System is a nonprofit hospital network which operates hospitals, freestanding emergency departments, urgent care centers, and medical practices in the American states of North and South Carolina.
June 2015 – CEO Michael Tarwater announced that he’ll retire next June. The board will hire an executive search firm to help find Tarwater’s replacement.
Salix Pharmaceuticals, Raleigh, NC Revenues: NA
Salix Pharmaceuticals is a specialty pharmaceutical company.
January 2015 – Salix Pharmaceuticals’ President and CEO Carolyn Logan plans to retire by the end of January, months after an accounting issue may have derailed the drug maker’s takeover. Chairman Tom D’Alonzo will become acting CEO. The company will hire a search firm to look for a CEO.
The Fresh Market, Greensboro, NC Revenues: $1.5B
The Fresh Market is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.
January 2015 - Craig Carlock resigned as president and CEO. After the retirement news of Carlock, the specialty grocery retailer is in search of a new CEO and till a new appointment is made, COO Sean Crane will serve as the Interim CEO.
Abercrombie & Fitch, New Albany, OH Revenues: $4.1B
Abercrombie & Fitch through its subsidiaries is a specialty retailer that operates stores and direct-to-consumer operations.
December 2014 - Abercrombie & Fitch’s longtime and controversial CEO and Director Michael Jeffries is retiring, as the once-hip teen clothing chain’s sales decline. The retailer has started a search for a new CEO.
Bob Evans Farms, New Albany, OH Revenues: NA
Bob Evans is a full-service restaurant company that operates Bob Evans Restaurants.
December 2014 - Bob Evans Farms’s CEO Steve Davis has stepped down. The Board has established an interim Office of the CEO to provide ongoing leadership and oversight of the day-to-day operations of the Company while a search is conducted for a new CEO.
Dana Holding, Maumee, OH Revenues: $6.8B
Dana Holding is a global provider of technology driveline, sealing and thermal-management products.
January 2015 - President and CEO Roger J. Wood plans to retire in April 2016, after five years of leadership at Dana. The Board has initiated a process that will evaluate both internal and external candidates and executive search consulting firm Spencer Stuart has been engaged to assist in this process.
Enable GP, Oklahoma City, OK Revenues: NA
Enable GP operates as a general partner for Enable Midstream Partners, which owns, operates, and develops natural gas and crude oil infrastructure assets in the United States.
June 2015 – Chairman Peter B. Delaney, who was also OGE Energy’s Chairman and CEO, has been named interim President and CEO of Enable GP. A special committee of the Board has begun a search for a permanent CEO with the assistance of Russell Reynolds Associates.
American Eagle Outfitters, Pittsburgh, PA Revenues: $3.5B
American Eagle Outfitters is a specialty retailer that operates in the United States and Canada.
January 2014 - American Eagle Outfitters (AEO) said CEO Robert Hanson is leaving the retailer, while executive chairman Jay Schottenstein will step in as his interim replacement.
The Pep Boys: Manny, Moe & Jack, PHILADELPHIA, PA Revenues: $2.06B
The Pep Boys: Manny, Moe & Jack, (branded as and commonly abbreviated as Pep Boys) is a full-service and tire automotive aftermarket chain.
October 2014 - The Pep Boys - Manny, Moe & Jack announced the resignation of President & CEO and Director Mike Odell, 50. Director John Sweetwood, 66, was named interim CEO.
Delaware Investments, Philadelphia, PA Revenues: NA
Delaware Investments is an asset management firm with more than $180 billion in assets under management.
February 2015 - Delaware Investments, a member of Macquarie Group, announced the intention of its CEO, Patrick Coyne, to retire later this year. Coyne will remain until September 30th to assist with the appointment of his successor and to ensure a smooth transition.
Triumph Group, Berwyn, PA Revenues: $3.9B
Triumph Group is an aerospace systems and components company. It is a supplier for aerospace giants such as Boeing and General Dynamics’ Gulfstream business.
May 2015 - The aerospace systems and components company appointed its founder Richard C. Ill as President and CEO replacing Jeffry D. Frisby, as the company seeks a permanent CEO.
Healthways, Franklin, TN Revenues: $742.2M
Healthways provides solutions to help people improve physical, emotional and social well-being.
May 2015 – Healthways CEO Ben R. Leedle, Jr. has stepped down and CFO Alfred Lumsdaine is serving as interim CEO. The process to identify a permanent CEO is being led by the Board's Nominating and Governance Committee, which will consider both internal and external candidates.
Cash America International, Fort Worth, TX Revenues: $1.79B
Cash America International provides specialty financial services to individuals through retail services locations and through electronic distribution platforms known as e-commerce activities.
July 2014 - Cash America International announced that its president and CEO, Daniel R. Feehan, 63, intends to retire. The Board of Directors has appointed a special committee, chaired by James H. Graves, the Chairman of the Management Development and Compensation Committee, to lead a search for a successor CEO. As of April 2015, Feehan’s retirement has been delayed by six months.
Titanium Healthcare, Dallas, TX Revenues: NA
Titanium Healthcare is an innovative health sciences company assembled in 2014 with a foundation of strategic shareholders.
May 2015 - CEO James York has been terminated. CFO Chuck Talley and COO Chris Mashburn will share the CEO duties until a new CEO is appointed.
Fauquier Bankshares, Warrenton, VA Revenues: $26M
Fauquier Bankshares is a bank holding company and owns all of the voting shares of The Fauquier Bank.
February 2015 - President and CEO Randy Ferrell plans to retire in 2016. Ferrell will remain as president and CEO until a search committee has selected a successor.
Lumber Liquidators, Toano, VA Revenues: $1.04B
Lumber Liquidators is a retailer of hardwood flooring, and hardwood flooring enhancements and accessories in North America.
May 2015 - Robert M. Lynch resigned as President and CEO. The Company intends to commence a national search for his replacement. In the interim, Thomas D. Sullivan, the Company's Founder, will serve as the acting CEO.
Outerwall, Bellevue, WA Revenues: $2.3B
Outerwall, formerly Coinstar, is a provider of automated retail solutions, which offers convenient products and services.
January 2015 - J. Scott Di Valerio has resigned as CEO. Board member Nora Denzel will serve as interim CEO while the board searches for a long-term replacement.
Pepco Holdings, Washington, DC Revenues: $5B
Pepco Holdings is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas.
January 2014 - Pepco Holdings announced that Chairman, President and CEO Joseph M. Rigby has notified to retire from PHI in the first half of 2015. To provide for a smooth transition, Rigby will step down as CEO near the end of 2014, following the selection of his successor.
Baylin Technologies, Toronto, ON Revenues: NA
Baylin Technologies is engaged in designing, producing and supplying antennas.
March 2015 – Baylin Technologies has appointed Board member Randy Dewey as Interim President and CEO, replacing Ephraim Ulmer. A Special Committee of the Board will begin the search for a permanent President and CEO.
Bayer, Leverkusen, Germany Revenues: $54.6B
Bayer AG is a German management holding company with core competencies in the field of health care, nutrition and high-tech materials.
June 2014 - Bayer AG CEO Marijn Dekkers will step down at the end of 2016, setting up a contest for the top job at one of Germany’s largest companies.
Galliford Try plc, Uxbridge, U.K. Revenues: $2.9B
Galliford Try plc is a United Kingdom-based housebuilding and construction company.
September 2014 - British builder Galliford Try said its CEO Greg Fitzgerald would retire no later than the end of 2015, and its board began a process to appoint his successor.
On Track Innovations, Rosh Pina, Israel Revenues: $19.9M
On Track Innovations is an Israel-based payment solutions company.
February 2015 –On Track Innovations’ CEO Ofer Tziperman resigned. He will continue to serve as CEO until the earlier of August 10, 2015 or such time as a suitable replacement has been hired and his duties have been effectively transitioned.
MENA Communications Group, Dubai, UAE Revenues: NA
MENA Communications Group (MENACOM), parent company of Young & Rubicam (Y&R) Middle East.
March 2015 – Joseph Ghossoub, chairman and CEO of MENACOM, has resigned. Roy Haddad, WPP’s director of MENA, steps in as interim chairman with full management authority and responsibility. The company will name a successor in the near future.
Reuters, London, U.K. Revenues: NA
Reuters is an international news agency headquartered in Canary Wharf, London, England, United Kingdom and a division of Thomson Reuters.
April 2015 – Andrew Rashbass, Reuters’ CEO, is leaving the company to become executive chairman of Euromoney. Steven Adler, Reuters editor-in-chief, would take on Rashbass’ role in the interim, but is taking his name out of the running for CEO. Thomson Reuters has started its search for a new CEO of Reuters.
Sasol Limited, Johannesburg, South Africa Revenues: $16.3B
Sasol Limited (Sasol) is a South Africa-based international integrated energy and chemicals company.
June 2015 – SASOL president and CEO David Constable would not renew his contract beyond its expiry in 2016. The company will search both locally and internationally for a successor.
Other Industry CEOs Appointed
National Bank of Arizona: Mark Young, who served as EVP and Executive Director of Real Estate at National Bank of Arizona, becomes President and CEO of National Bank of Arizona.
Blue SKY Petroleum: Karsanbhai Hirachan, former Chairman and CEO of ADF Group Holdings, appointed as president, secretary, CEO, CFO, treasurer and director.
THC Farmaceuticals: Former U.S. Senator Mike Gravel was appointed CEO of the Company.
Reliance Steel & Aluminum: President Gregg J. Mollins became CEO and President of Reliance Steel & Aluminum Co. and CEO David H. Hannah transitioned to the role of Executive Chairman.
NuVasive: Gregory T. Lucier, 51, is the new CEO, in addition to his current role as Chairman.
Aerojet Rocketdyne Holdings: COO Eileen P. Drake was elected the CEO and President.
Regulus Therapeutics: Paul Grint, M.D., who previously served as Chief Medical Officer of Regulus, was appointed as President and CEO.
BIOLASE: Veteran dental industry executive Harold C. Flynn Jr. will become President and CEO.
WaferGen Bio-systems: The Company has appointed Rolland D. Carlson, Ph.D., President & CEO of Asuragen, as President & CEO, replacing Ivan Trifunovich, Ph.D.
OXiGENE: Board Member Bill Schwieterman, M.D., who is former Chief Medical Officer of Chelsea Therapeutics, appointed CEO.
Hunter Douglas North America: Ron Kass will be promoted to CEO of home furnishings company Hunter Douglas North America in addition to his duties as President.
Showtime: CEO Matthew Blank will be replaced by President David Nevins at the cable and satellite television network.
Cesca Therapeutics: iCEO Robin C. Stracey appointed as CEO.
IHS: Chairman and former CEO Jerre Stead will serve as CEO.
Mountain High Acquisitions Corp: Teri D. Vries, Product Consultant to Highmark, named CEO, President, and Director.
Starwood Hotels & Resorts: The website lists earlier announced iCEO Adam M. Aron as CEO now.
Faraday (General Reinsurance): Pietro Toffanello, Gen Re’s Property/Casualty Regional Manager for APAC and MD of Gen Re Australia, will become CEO of Faraday upon Paul Ceurvorst’s retirement in 2016.
Perry Ellis International: President and COO Oscar Feldenkreis will become CEO.
Earth Science Tech: Acting CEO and CFO Matthew Cohen is the new CEO and CFO at the wellness industry consulting company.
Perma-Fix Environmental Services: Steve Belcher, who served on Perma-Fix Medical S.A's advisory board since mid-2014 and has experience in nuclear pharmaceutical sector, named as CEO.
Central Pacific Financial: President and COO A. Catherine Ngo named as President and CEO.
NiSource: Joseph Hamrock, current EVP and Group CEO of Gas Distribution Segment, will become NiSource President and CEO, and will join the Board.
Celadon Group: President and CFO Paul B. Cleveland appointed as President and CEO.
General Cable: Michael T. McDonnell, previously Chairman, President and CEO at TPC Group, named as President and CEO.
Entergy Arkansas: Hugh McDonald, president and CEO of Entergy Arkansas, will retire in 2016, replaced by, Rick Riley, currently VP of transmission for Entergy.
Western Asset Income Fund: Managing Director of Legg Mason Jane E. Trust joined as President and CEO.
EuroSite Power: The On-Site Utility™ solutions provider named Dr. Elias Samaras, founder and former president and MD of Digital Security Technologies S.A., as CEO.
Visteon Corporation: Auto parts maker Visteon Corp. named Sachin Lawande, 48, president of Harman International Industries, as its CEO.
Meritor: President and COO Jeffrey "Jay" Craig, 54, replaces Ivor “Ike” Evans, as CEO.
Rofin-Sinar Technologies: Thomas Merk, currently COO of the ROFIN Laser Micro and Marking Group, will succeed Gunther Braun as President and CEO.
Mercantile Bank: Robert B. Kaminski Jr., President of Mercantile Bank is now CEO.
Creative Edge Nutrition: James L. Robinson, Co-Founder and Managing Partner of the Hip Hop Beverage Corporation, appointed as President, CEO and a member of the Board.
Mosaic Company: Mosaic has elected James "Joc" C. O'Rourke, currently EVP Operations and COO, as President and CEO.
Appliance Recycling Centers of America: Its Founder, Edward "Jack" Cameron has returned as President and CEO.
DigitalTown: Rob Monster, Founder and former CEO of Global Market Insite (GMI) of Seattle, named as CEO.
Stearns Electric Association: Minnesota Power’s generation maintenance superintendent Patrick Bleth will be next CEO of Stearns Electric Association.
Madonna Rehabilitation Hospital: CEO Marsha Lommel to retire in the beginning of next year, replaced by COO Paul Dongilli.
Unwired Planet: Former Apple and HP executive Boris Teksler will serve as CEO.
Zonzia Media: Former CEO at both Prime Focus and Pixion Naresh Malik joins as CEO.
Hertz Equipment Rental Corporation (HERC): Former Ingersoll Rand Canada CEO Lawrence (Larry) H. Silber has been appointed President and CEO, replacing Brian MacDonald.
Mack-Cali Realty Corporation: The general partner of Mack-Cali Realty named Mitchell E. Rudin, former president and CEO of U.S. commercial operations at Brookfield Office Properties, as CEO.
Blonder Tongue Laboratories: President and Secretary Robert J. Palle, Jr. appointed to the position of CEO.
Delcath Systems: President and iCEO Jennifer Simpson, Ph.D., M.S.N., C.R.N.P. has been named President and CEO.
CUSIP Global Services: Scott Preiss, currently CGS's VP and COO, has been promoted to the role of Global Head & MD, replacing Jim Taylor, who is retiring.
ID Media: ID Media, an Interpublic Group media agency, appointed Amy Armstrong, EVP, MD of ID Media's Los Angeles office, as CEO.
POZEN: POZEN’s consultant and former CEO of Auxilium Pharmaceuticals, Adrian Adams, 64, joins as CEO.
Four Oaks Fincorp: David H. Rupp, the Company’s current President, COO and member of the Board, will become CEO.
REX American Resources: President and COO Zafar Rizvi, 65, replaces Stuart Rose as CEO. Rose will serve as the Executive Chairman.
NetJets: The Berkshire Hathaway private aviation subsidiary appointed President Adam Johnson as CEO.
OGE Energy: OGE Energy President Sean Trauschke is now CEO.
Polonia Bancorp: Former Chair and CEO of First Star Bank Joseph T. Svetik, 66, has been appointed to the positions of President, CEO and Director.
Delaware Enhanced Global Dividend and Income Fund: Roger A. Early, currently the MD, Head of Fixed Income Investments, will replace Patrick P. Coyne as the Fund’s President and CEO.
Aqua America: President and COO Christopher H. Franklin succeeds current CEO Nicholas DeBenedictis.
Carpenter Technology Corporation: CFO Tony R. Thene is new President, CEO and a member of the Board.
Prudential Bancorp: CFO Joseph R. Corrato becomes CEO.
World Acceptance Corp.: COO Janet Lewis Matricciani will be next CEO.
Dollar General: COO Todd J. Vasos is now CEO and Director.
Unum Group: President Richard P. McKenney assumed the role of CEO and President.
The North American Coal Corporation: J.C. Butler, Jr., 54, currently SVP, Project Development, Administration and Mississippi Operations will become President and CEO of North American Coal.
Owens & Minor: Former United Stationers CEO Cody Phipps joins as new President & CEO.
American Woodmark Corporation: President and COO Cary Dunston will assume the role of CEO.
Pendrell Corporation: iCEO Lee E. Mikles has been appointed CEO at the intellectual property investment and advisory company.
MPM Technologies: Daniel Carraway, PhD, a leader in biopolymer technology, has been appointed to replace interim CEO Peter Colella.
Diego Pellicer Worldwide: Ron Throgmartin, the Company’s COO named as CEO.
Toys“R”Us: The world’s leading dedicated toy and baby products retailer named Domino's Pizza’s Chair and former CEO David A. Brandon, as Chairman and CEO, succeeding Antonio Urcelay, who will retire.
TAG Oil Ltd.: Toby Pierce, MBA, B.Sc., a natural-resource executive, is new CEO.
Cyprium Mining Corporation: Chairman Alain Lambert, who co-founded Cyprium in 2012, will now act as Chairman and CEO.
Response Biomedical Corp: The board promoted long time executive Dr. Barbara R. Kinnaird to serve as its CEO.
Kaisa Group: Zheng Yi, 34, who was an executive director, takes over as CEO at the China based company.
Allied Irish Banks Plc: Director of retail & business banking Bernard Byrne replaces David Duffy as CEO.
Deutsche Bank AG: Co-CEOs Anshu Jain and Juergen Fitschen will be replaced by John Cryan, a British member of the company's supervisory board who has worked for Switzerland's UBS in the past, as CEO.
Y&R Latin America and Wunderman Latin America: Y&R and Wunderman announced that Grey Exec John Lynn will join to serve as CEO of Latin America for both agencies.
Abengoa SA: Santiago Seage, who had previously resigned as CEO of Abengoa Yield, is the new CEO.
Abengoa Yield: Javier Garoz, CEO of Abengoa Bioenergy and a director of UK based Abengoa Yield.
McCann Worldgroup France: Bruno Tallent joins from TBWA\France, as CEO.
Goodyear Turkey: Goodyear has named Pietro Saletta, managing director sales consumer EMEA at Goodyear Dunlop Tires Europe, as CEO of its Turkish operation.
China Lodging Group: President Jenny Zhang appointed as CEO.
Nomad Holdings Limited: Stéfan Descheemaeker, former CFO at Delhaize Group, is new CEO of the UK based company and will also serve as CEO of newly acquired Iglo Group.
Mega Retail Ltd.: Raviv Brookmayer, CEO of subsidiary Na'aman Group, is now CEO.
Whitbread: Alison Brittain has just been made CEO of UK based Whitbread, the company behind Costa Coffee and Premier Inn. Brittain is former head of Lloyds Banking Group’s retail division.
Kirin International Holdings: The Beijing based company elected senior real estate executive Jianfeng Guo as CEO and President.
Circle Oil Plc: The Ireland based oil and gas company named Mitchell Robert Flegg, 54, Serica Energy’s COO, as CEO and a director.
China Commercial Credit: The China based direct loans and loan guarantee services firm appointed board member Jingen Ling, 49, as the CEO and President.
Panoro Energy ASA: John Hamilton, former CEO of London listed President Energy PLC, named CEO of this London based company.
Vedanta: Siemens veteran Ajay Dixit has been appointed as the new CEO of Vedanta's power operations, the India based natural resource company confirmed.
Nordex SE: The German wind turbine company decided that Chief Customer Officer Lars Bondo Krogsgaard will succeed Dr. Jürgen Zeschky as CEO.
Cochlear: Australia based hearing implants maker Cochlear has promoted the head of its North American operations, Chris Smith, to be its next CEO.
Mekonomen: The Sweden based automotive spare parts and accessories retailer has appointed Magnus Johansson, President of Mekonomen Nordic, as new President and CEO.
Odenza Corp.: Dato' Lim Kah Chuan, Megatrax Plastic Industries Sdn.Bhd. MD, was appointed as the new Malaysian Company's President, CEO, Secretary and Chairman.
Capital GP LLC: COO Gerasimos (Jerry) Kalogiratos will be next CEO of the Greece based general partner of Capital Product Partners LP.
Alcatel-Lucent: As the company merges with Nokia in a $16.6B merger, Alcatel-Lucent’s CEO Michel Combes would leave. Nokia CEO Rajeev Suri would be the CEO of the combined entity.
Recent Vell Placements
For Specific bios and announcements, please refer to Vell Website.
LogMeIn (LOGM), SaaS & IoT Software - Board members (2)
Chairman & CEO - Mobile Application Software company (West Coast)
Fleetmatics (FLTX), Fleet Management Software for SMB (SaaS) - Board members (4)
Carbonite (CARB), Online Backup for SMB (SaaS) - Board Members (2)
mHealth Software CEO (Announcement being made)
$1b CFO Media Company
$60m SaaS to Retail Industry Company: VP North America (now SVP Sales)
VP Product Management, $120m SaaS Co.
Chief Technology Officer (CTO) and Chief Product Officer (CPO), $100m Mortgage Software company
VP & GM, Transportation and Logistics Software (SaaS, large public co.)
VP & GM, SMB (SaaS, large public co.)
CMO, SaaS Software Company
Dora Vell - Managing Partner
Dal Coger – Vice President
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Earl Stephens - Business Manager
Ajanta Banerjee – Business Research Associate
Tori Agel – Marketing Coordinator