Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 30 days ended August 4, 2015.
New Tech CEO Openings: 2 – Citrix Systems (FL) and Zix Corporation (TX)
Total Tech CEO Roles Open: 11
New Tech CEO Appointments: 13
Sources of Tech CEO Appointments: 7 external; 6 internal promotions – COO (1), COO & President (1), President (1), Former CEO (1), Others (2).
Geographic Distribution of new Tech CEOs: 10 in the U.S and 3 international
Gender Diversity: None of 13 CEOs appointed were women.
All Other Industries
New CEO Openings (other industries): 15 - Avalanche Biotechnologies (CA), Vu1 Corporation (CA), BDCA Venture (CO), UQM Technologies (CO), UTC Building & Industrial Systems (CT), Axiall Corporation (GA), AMC Theatres (KS), Aegerion Pharmaceuticals (MA), CorMedix (NJ), Warren Resources (NY), Vince Holding (NY), Myers Industries (OH), Penn Virginia (PA), Harte-Hanks (TX), and Barclays (UK)
Total CEO Roles Open: 64 (other industries)
New CEO Appointments: 82 (other industries)
Sources of Appointments (other industries): 29 were external appointments; 53 were internal promotions – President & COO (9), COO (8), President (6), divisional execs (7), EVP (4), Chair (4), board member (2), Others (13)
Geographic Distribution of new CEO Appointments (other industries): US (61), Canada (11) and International (10)
Gender Diversity (other industries): Seven women were appointed as CEOs - Landec (CA), Sibling Group Holdings (FL), Covance (NJ), SoulCycle (NY), Berkley International Seguros Colombia S.A (Colombia), General Steel Holdings (China), Koovs (UK).
For more details, please refer to sections below on Tech CEOs wanted, Tech CEOs Appointed and Non-Tech CEOs Wanted, Non-Tech CEOs Appointed.
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.
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.
Citrix Systems, Fort Lauderdale, FL - Revenues: $3.1B
Citrix Systems provides virtualization, mobility management, networking and SaaS solutions to businesses.
July 2015 - Citrix Systems’ President & CEO Mark Templeton, 62, plans to retire after twenty years of service at the company. The Citrix Board has initiated a CEO search process and has retained search firm Heidrick & Struggles to assist with the process of identifying and evaluating candidates.
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.
Zix Corporation, Dallas, TX - Revenues: $50.3M
Zix Corporation offers email encryption, data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs.
July 2015 - Zix Corporation’s long-serving President and CEO Rick Spurr has decided to step down from those roles after 11 years of successful leadership to pursue personal and charitable interests outside of the company. The board has engaged a nationally recognized executive search firm to conduct a search for the new president and CEO.
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.
Reddit: Co-founder and former CEO Steve Huffman returned as CEO, replacing iCEO Ellen Pao.
Evernote: Chris O’Neill, who most recently ran the business operations at the Google X research unit, will join as CEO of Evernote, the popular cloud-based productivity app provider.
SurveyMonkey: HP EVP and head of the Enterprise Group Bill Veghte joined as CEO.
X-IO Technologies: Bill Miller, executive chairman and managing partner at PV Strategies & PV Ventures, is now chairman and CEO of X-IO Technologies.
GSE Systems: MicroStrategy VP Kyle J. Loudermilk joins as CEO of the software-based simulation and training products provider to nuclear, oil, and gas electricity generators, and chemical process industries.
Code42 Software: Joe Payne, a SaaS executive and most recently chairman and CEO of Eloqua, joins as president and CEO of the endpoint data protection and security company.
AT&T Entertainment & Internet Services: John Stankey, CEO and President of AT&T Business Solutions, will be CEO of AT&T Entertainment & Internet Services, responsible for leading its combined DIRECTV and AT&T Home Solutions operations.
Caringo: Former COO Jonathan Ring is now officially CEO of the Austin based object storage software developer.
NCI: NCI, a leading provider of IT and professional services and solutions to U.S. Federal Government agencies, named President Brian J. Clark as CEO, replacing Charles K. Narang.
Cheezburger: President and COO Scott Moore appointed as CEO of the online humor site.
Toshiba: Current Chairman Masashi Muromachi will be CEO Hisao Tanaka’s successor.
Alibaba Group Holding (Music division): Alibaba launched a music division and appointed Song Ke, former Warner Music exec, as its CEO.
eLong: Product development and software expert from online travel industry Hao Jiang joins as CEO of the China based online travel company.
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.
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.
Reading International, Los Angeles, CA - Revenues: $60.6M
Reading International is focused on the development, ownership and operation of entertainment and real property assets in the United States, Australia and New Zealand.
June 2015 – Reading International appointed Ellen Cotter as interim President and CEO, succeeding James Cotter, Jr. The company currently intends to engage the assistance of a leading executive search firm to identify a permanent President and CEO, which will consider both internal and external candidates.
Avalanche Biotechnologies, Menlo Park, CA - Revenues: NA
Avalanche Biotechnologies is focused on discovering and developing gene therapies for patients with sight-threatening ophthalmic diseases.
July 2015 –Thomas W. Chalberg, Jr., Ph.D., has resigned as CEO and president and as a member of the Board. SVP, Business Operations Hans P. Hull will serve as interim CEO and president. Avalanche's Board has appointed independent directors John P. McLaughlin and Paul D. Wachter to a Special Committee to lead the search for a permanent CEO and additional directors.
Vu1 Corporation, Berkeley, CA - Revenues: NA
Vu1 Corporation is engaged in designing, developing and marketing mercury-free lighting products using its electron stimulated luminescence (ESL), technology.
July 2015 – Vu1 corporation Chair/CEO William B. Smith resigned. The Board of Directors is actively seeking a replacement for the positions of Chairman and 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.
BDCA Venture, Greenwood Village, CO - Revenues: NA
BDCA Venture is a closed-end fund regulated as a business development company under the Investment Company Act of 1940.
July 2015 - Timothy J. Keating resigned as CEO and board member. COO Frederic M. Schweiger will be interim CEO, until the Board appoints a permanent CEO and President.
UQM Technologies, Longmont, CO - Revenues: $4M
UQM develops, manufactures and sells power dense, high efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automobile, marine and military markets.
July 2015 - UQM Technologies has promoted Joseph Mitchell to the position of COO with additional responsibilities of interim President and CEO, as the board sets out to identify a permanent CEO through a disciplined search process. Eric Ridenour, UQM’s former CEO, President and Director, has left the company to pursue other interests.
UTC Building & Industrial Systems, Hartford, CT - Revenues: $29.8B
UTC Building & Industrial Systems is one of world’s largest providers of building technologies.
July 2015 - Geraud Darnis, President and CEO of UTC Building & Industrial Systems, has informed the company of his decision to retire in January 2016. The company is looking forward to a smooth and successful transition of the leadership responsibilities.
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.
Axiall Corporation, Atlanta, GA - Revenues: $4.5B
Axiall Corporation is a manufacturer and international marketer of chemicals and building products.
July 2015 - President and CEO Paul D. Carrico retired. EVP of Strategy, General Counsel and Secretary Timothy Mann Jr. will be interim president and CEO. Axiall hired an unnamed executive search firm to identify qualified candidates. Internal and external candidates are being considered for 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.
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. COO J. Mark Howell is interim CEO.
AMC Theatres, Leawood, KS - Revenues: NA
AMC engages in the theatrical exhibition business.
July 2015 - Gerry Lopez stepped down as president and CEO of AMC Theatres to become chief executive of the hotel chain Extended Stay America. CFO Craig Ramsey will be iCEO, while the board of directors has formed a search committee to find Lopez’s replacement.
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.
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.
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.
Urban Edge, Boston, MA - Revenues: NA
Urban Edge is a nonprofit community development corporation in the Roxbury neighborhood of Boston.
June 2015 - The new CEO will succeed Chrystal Kornegay who has recently been named Undersecretary of the Department of Housing and Community Development for the Commonwealth of Massachusetts.
Aegerion Pharmaceuticals, Cambridge, MA - Revenues: $158.4M
Aegerion Pharmaceuticals is a biopharmaceutical company engaged in the development and commercialization of therapies for patients with debilitating rare diseases.
July 2015 - Marc Beer offered his resignation as CEO and member of the board, as did Craig Fraser as COO. Board member Sandford Drexel Smith has been appointed interim CEO, while the company conducts a search to identify a successor.
Famous Dave's of America, Minnetonka, MN - Revenues: $149.4M
Famous Dave's of America owns, operates, and franchises restaurants.
November 2014 - Famous Dave’s of America’s CEO Ed Rensi has stepped down after less than two years on the job, the second CEO to leave after a short time on the job. The chain has hired an executive-search firm to find a permanent replacement. Independent director Adam J. Wright is interim 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.
CorMedix, Bedminster, NJ - Revenues: NA
CorMedix is a pharmaceutical company that in-licenses, develops and commercializes prophylactic and therapeutic products for the treatment of infectious diseases in cardiac, renal and oncology patients.
July 2015 – The Board is determined to transition the role of CEO from Randy Milby to an individual with clinical trial management and other management experience that will lead clinical, commercial, and financial oversight and long term vision for CorMedix. The company has begun a search for a CEO with the assistance of an executive search firm.
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.
Ogilvy & Mather, New York, NY - Revenues: NA
Ogilvy & Mather is an advertising, marketing and public relations agency, owned by WPP.
June 2015 - CEO Miles Young will leave the agency after more than three decades. The agency is launching a search for his successor, considering both internal and external candidates.
Town Sports International Holdings, New York, NY - Revenues: NA
Town Sports is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States.
June 2015 - Town Sports International Holdings’s President and CEO Dan Gallagher is leaving the Company. Chairman Patrick Walsh will serve as Executive Chairman while the Board conducts a search for Gallagher’s successor.
Warren Resources, New York, NY - Revenues: $150.7M
Warren Resources is an energy company engaged in the exploration, development and production of domestic onshore crude oil and gas reserves.
July 2015 - Warren Resources has commenced a search for a CEO. The Company has retained executive search firm Egon Zehnder to assist with the selection process.
Vince Holding, New York, NY - Revenues: $340.4M
Vince Holding is a contemporary fashion brand known for modern style and everyday luxury essentials.
July 2015 - Jill Granoff, CEO, has resigned from the Company. The board plans to work with an executive search firm to identify potential CEO candidates. Board Chairman Marc Leder will lead this search.
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.
Myers Industries, Akron, OH - Revenues: $623.6M
Myers Industries is an international manufacturing and distribution company.
July 2015 - The president and CEO of Akron-based Myers Industries, John C. Orr, will retire. The board of directors will work with DHR International to find a successor.
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.
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.
Penn Virginia, Wayne, PA - Revenues: $512.9M
Penn Virginia Corporation is an independent oil and gas company.
July 2015 - H. Baird Whitehead plans to retire as president and CEO after more than 14 years of service, including four years in his current position. The board has formed a committee to commence a search to identify a new president and CEO, and has retained SpencerStuart to advise it on potential candidates.
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.
Harte-Hanks, San Antonio, TX - Revenues: $553.7M
Harte-Hanks is a multi-channel marketing organization.
July 2015 - Harte-Hanks named CFO Douglas C. Shepard as interim President and CEO. He succeeds Robert A. Philpott, who has stepped down as President and CEO. The Board has formed a search committee to identify a successor CEO.
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.
Tredegar, Richmond, VA - Revenues: $951.8M
Tredegar Corporation is engaged in the manufacture of plastic films and aluminum extrusions.
June 2015 - The Board appointed John D. Gottwald, currently a member of the Company's Board and former CEO to serve as the Company's interim President and CEO. He replaces CEO Nancy M. Taylor who resigned.
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 2015. To provide for a smooth transition, Rigby will step down as CEO near the end of 2014, following the selection of his successor.
Sears Canada, Toronto, ON - Revenues: $2.7B
Sears Canada is a multi-channel retailer.
July 2015 – Sears Canada CEO Ronald D. Boire joined Barnes & Noble as CEO of that company's retail business. The Sears Canada board will commence a search for a new president and CEO.
Wi-LAN, Ottawa, ON - Revenues: $98.3M
Wi-LAN (WiLAN) is an intellectual property licensing company.
June 2015 – CEO James (Jim) Skippen intends to retire and will stay on until such time as a suitable replacement has been identified and hired. A special committee of the Board will immediately begin the search for a new permanent CEO with the assistance of a leading search firm.
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.
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.
Woolworths, NSW, Australia - Revenues: $45.5B
Woolworths Limited is a major Australian company with extensive retail interest throughout Australia and New Zealand.
June 2015 – Under-pressure CEO Grant O'Brien would retire after less than four years in the job. Woolworths launched a global search to replace O'Brien, who would remain in the role until a successor was appointed.
Drillsearch Energy Limited, Sydney, NSW, Australia - Revenues: $289M
Drillsearch is an Australia-based oil and gas explorer and producer focused on the Cooper-Eromanga Basin.
July 2015 – Oil and gas company Drillsearch Energy’s CEO Brad Lingo will leave the company and a global search is underway to find a successor. COO Walter Simpson will take over as the acting head while candidates from Australia and overseas are considered as part of the search process.
Electrolux, Stockholm, Sweden - Revenues: $13.2B
Electrolux AB is a Sweden-based company engaged in the manufacture and marketing of household appliances and appliances for professional use.
June 2015 – Swedish appliances maker Electrolux is seeking a replacement for CEO Keith McLoughlin. The American, who will be 60 next year, would step down on his own initiative.
Loomis, Stockholm, Sweden - Revenues: $1.6B
Loomis AB provides various solutions for the distribution, handling, storage, and recycling of cash and other valuables primarily in the United States, Europe, and Argentina.
June 2015 – Jarl Dahlfors, President and CEO of Loomis AB, has chosen to leave his position at Loomis. The recruitment process to appoint a new CEO has begun. Dahlfors remains in his position until the end of the year at the latest.
Barclays, London, UK - Revenues: $35.2B
Barclays is a global financial services holding company based in London.
July 2015 – CEO Antony Jenkins has left the British bank. Executive chairman John McFarlane will take over the role as interim CEO while the bank searches for a replacement.
Other Industry CEOs Appointed
USA Truck: Director and interim COO Thomas Glaser is new CEO and president.
Jacobs Engineering Group: Steven J. Demetriou, most recent Chairman and CEO of Aleris Corporation, named President & CEO.
Toyota Financial Services Americas Corporation: Mike Groff, President and CEO of TFS USA, is appointed to CEO of the Toyota Financial Services Americas Region.
Guess?: EVP Victor Herrero Amigo will be CEO, replacing Paul Marciano.
William Lyon Homes: The regional homebuilder elected Matthew R. Zaist, currently President and COO, as its co-CEO and President.
Landec Corporation: COO Molly A. Hemmeter succeeds retiring CEO Gary T. Steele.
Biolase: Harold C. Flynn, Jr., President of Zimmer Dental, was appointed President and CEO.
MyDx: CFO & COO Thomas Gruber named CEO of the company and its subsidiary CDx.
VIASPACE: Haris Basit, Founder/CEO of Almaden Energy Group and former IBM exec, joins as CEO.
RAMOIL MANAGEMENT: Jeremy Foti, founder of Americor Lending Group, is their new CEO.
Golden Minerals: President Warren M. Rehn will succeed Jeffrey G. Clevenger as CEO.
Tauriga Sciences: The diversified life sciences company appointed its former CEO Seth M. Shaw as Chairman and CEO.
Travelers: Alan Schnitzer, who currently runs one of Travelers’ biggest units, the business international insurance group, will become the company’s next CEO.
CenterState Banks: EVP and subsidiary head John C. Corbett is new President and CEO, replacing Ernest S. Pinner who will assume his new position as the Company's Executive Chairman.
Car Charging Group: The company appointed Michael J. Calise, formerly Head of North America Electric Vehicle Solutions at Schneider Electric, to serve as CEO.
Sibling Group Holdings: The company appointed Julie Young, founding President and CEO of Florida Virtual School, as CEO.
Unified Payments: David Chester, most recently COO of JetPay, will lead Net Element's US subsidiary, Unified Payments as its CEO.
Kaplan: CEO Thomas C. Leppert is resigning, replaced by Andrew S. Rosen, EVP of Graham Holdings Company and Chairman of Kaplan.
Alexander & Baldwin: President & COO Christopher J. Benjamin will be CEO.
Gold Torrent: Chair Daniel Kunz takes over as CEO additionally.
Crate and Barrel: Doug Diemoz, currently chief development officer of Restoration Hardware, named new CEO.
Walgreens Boots Alliance: The company named Vice Chair Stefano Pessina permanent CEO.
Sagent Pharmaceuticals: Allan Oberman, President and CEO of Teva Americas Generics, joins as CEO and Director.
Career Education: Todd S. Nelson, former CEO and director of Education Management Corporation, joins as CEO.
The Female Health Company: CEO, President and a director Karen King has left. Chairman O.B. Parrish was appointed to the additional role of CEO.
Essendant (formerly United Stationers): iCEO Robert B. Aiken Jr., is now president and CEO.
Do It Best Corp.: COO Dan Starr will become the fifth president and CEO of the company.
Casey's General Stores: CEO Robert J. Myers will retire as contemplated, replaced by President and COO Terry W. Handley, as CEO.
Colfax Corporation: Matthew L. Trerotola, formerly an EVP at DuPont, has been named CEO and a Director of Colfax.
Creative Edge Nutrition: James L. Robinson, Co-Founder and Managing Partner of the Hip Hop Beverage Corporation, named President and CEO.
Fastenal: Chairman Willard Oberton, who resigned as CEO last year, will resume his previous roles as president and CEO.
First Interstate BancSystem: EVP & CFO Kevin P. Riley will serve as President and CEO.
Crown Equity Holdings: CMO Mike Zaman was named President & CEO.
Walker Lane Exploration: The Board elected director and VP of shareholder relations Phillip Allen to serve as the Company's president and CEO.
Covance: Deborah Keller, EVP, Covance and Group President, R&D Laboratories, will succeed Joseph Herring as CEO of Covance Drug Development (Covance).
Annaly Capital Management: President Kevin Keyes is now President & CEO.
MDC Partners: Scott L. Kauffman, who has served as Presiding Director on the Company's Board, was named the Company's new Chairman and CEO.
Lindblad Expeditions Holdings: Founder of Lindblad Expeditions Sven-Olof Lindblad was named CEO of the newly formed merger between Capitol Acquisition Corp. II and Lindblad Expeditions.
SoulCycle: The premier indoor cycling brand appointed its COO, Melanie Whelan, as CEO.
Extended Stay America: AMC Theatres’ CEO Gerardo (Gerry) Lopez will replace Jim Donald as President & CEO.
Sonic Automotive: B. Scott Smith, co-founder, President and Chief Strategic Officer, appointed to the position of CEO.
Toshiba Global Commerce Solutions: Scott Maccabe has been named president and CEO of Toshiba Global Commerce Solutions, besides retaining his role as Toshiba America Business Solutions (TABS) President.
Procter & Gamble: David S. Taylor, Group President of Global Beauty, Grooming and Health Care, will succeed A.G. Lafley as President and CEO, effective November 2015.
Fifth Third Bancorp: Greg D. Carmichael, current president and COO, will become president and CEO effective November this year.
Dana Holding: Auto-parts company Dana Holding named James Kamsickas, CEO of automotive supplier International Automotive Components Group, its next CEO, succeeding Roger Wood.
Aleris: The company appointed Sean Stack, EVP and CEO, Aleris North America, to the position of CEO.
Devon Energy Corp.: The company elected COO Dave Hager as President & CEO.
Celestica: Robert Mionis, Operating Partner at Pamplona Capital Management, joins as President and CEO.
SunOpta: Hendrik Jacobs, the Company's President and COO named as President and CEO.
Energizer Resources: Craig Scherba, P.Geo., who has acted as President and COO, is now CEO.
PPG Industries: PPG Industries named President & COO Michael H. McGarry as President, CEO and Director.
Rite Aid Stores: Ken Martindale, who is currently president and COO, was promoted to the newly created position of CEO of Rite Aid stores.
Crown Holdings: President and COO Timothy J. Donahue, 52, replaced John W. Conway, 70, as CEO.
Donegal Group: EVP & COO Kevin Gerard Burke named CEO.
Anpath Group: The company elected industry exec Arthur R. Batson as CEO and President.
Cullen/Frost Bankers: Chairman and CEO Dick Evans will retire, replaced by President Phillip D. Green who will become chair and CEO and will replace Evans on the Cullen/Frost board.
J. C. Penney Company: President Marvin R. Ellison, 50, replaces Myron E. Ullman, III, as CEO.
Primoris Services: David King, the Company's current EVP and COO, was appointed to the position of CEO and President.
MoneyGram: EVP, CFO & COO W. Alexander Holmes to serve as MoneyGram's next CEO.
Trecora Resources: EVP Simon Upfill-Brown was appointed CEO and President of the Company.
USANA Health Sciences: The company appointed its President Kevin Guest as Co-CEO along with CEO Dave Wentz.
Outerwall: Erik E. Prusch, former president and CEO of Clearwire, appointed as CEO and Board Member.
Mikron Industries: Former DuPont exec F. Timothy (Tim) Reese joined the Company as President and CEO.
Westbury Bancorp: COO Greg J. Remus will succeed Ray Lipman as CEO.
Mercer International: David M. Gandossi will transition to CEO and President and become a director of the Company from CFO.
Silver Standard Resources: CEO John Smith will retire, replaced by Paul Benson, former CEO of Troy Resources Limited, as President and CEO.
Blox: Robert Spiers, former General Manager for H&S Consultants, was named CEO.
Easton Pharmaceuticals: Evan Karras, former President & CEO of Telemax, is now CEO & Director at Easton.
Discovery Ventures: Dan Omeniuk has been named Director, CEO and Chairman. Most recently president of Trappers Transport, provider of temperature controlled transportation services.
Fortress Paper: Yvon Pelletier, currently president of subsidiary Fortress Specialty Cellulose, is new CEO.
Apogee Silver: The company appointed Fred Leigh, founder and President of Siwash Holdings, as CEO.
Red Pine Exploration: Quentin Yarie, Red Pine's President and COO has been appointed as CEO.
On Track Innovations: The Israel based company has appointed Shlomi Cohen, former president and CEO of Yahoo acquired RayV, as CEO, succeeding Ofer Tziperman.
Razor Resources: The China-based mineral property exploration company named Zongfeng Dai as CEO, replacing Meng Hao. Dai has been and continues to be the Chairman Secretary, SVP of Qingdao Radio Youhan Internet Technology, an Internet TV products company he founded.
Nike Korea: Nike Korea veteran David Wook-hwan Song named new CEO for Korea.
Aon Benfield Greater China and Aon Risk Solutions China: Aon Risk Solutions exec Qin Lu will be CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions China.
Berkley International Seguros Colombia S.A.: The newly formed Colombia based subsidiary of W. R. Berkley Company appointed Sylvia Luz Rincón, veteran in the property and casualty insurance market, as President & CEO.
General Steel Holdings: Yunshan Li, Co-Founder and CEO of Catalon Chemical Corporation, succeeds Henry Yu, as CEO.
Akastor ASA: The Norway based oil-services investment company appointed Kristian Røkke, chairman of Aker Philadelphia Shipyard ASA, as its CEO.
Koovs: Board member Mary Turner has been appointed as the UK based (India-focused) retailer Koovs' new CEO. Former CEO of AlertMe.com.
Telekom Austria: The company named its COO Alejandro Plater as its CEO.
HSBC Bank plc: Deputy CEO Antonio Simoes will be appointed as CEO of HSBC Bank plc and CEO of Europe.
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