Saturday, 05 December 2015 03:53

Tech Industry Leadership Update - 57 Open CEO Roles and 78 Recent CEO Appointments‏ Featured

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Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the 30 days ended November 27, 2015. 

CEO Stats In this Newsletter- Technology Industry

New Tech CEO Openings: 27 - 3D Systems Corporation (SC); TiVo, Lantronix, Compumed  (CA), Agritek Holdings (CO); FARO Technologies  (FL); Elephant Talk Communications, BreedIT, Ournett Holdings (NY); Daegis, 1st Detect (TX), Bridgeline Digital (MA), Zaio (Canada); UXC, Corum Group, Oniqua (Australia); 5N Plus (Quebec); Capinfo (China); Q-Free (Norway); Eyang, Daiwa Associate Holdings, Ground Properties (Hong Kong); Asdion Berhad (Malaysia); OTCO International (India); Openreach (UK); Société Internationale de Télécommunications Aéronautiques (Geneva); PeerTV Ltd. (Israel).

Total Tech CEO Roles Open: 57

New Tech CEO Appointments: 78

For more details, please refer to sections below on Tech CEOs wanted, Tech CEOs Appointed and Non-Tech CEOs Wanted, Non-Tech CEOs Appointed.

Other recent Vell Leadership Updates: Tech Company Director AppointmentsTech Directors in Corporate BoardsGiant Tech Companies Latest Appointments. 

Dora Vell

Vell Executive Search
t: 781-416-4003 | 
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Vell Executive Search is a retained executive search firm that specializes in recruiting technology execs for boards and executive roles, such as CEOs and C-Levels. Vell has built a reputation for recruiting talented high-performing leadership teams globally. You can reach us at This email address is being protected from spambots. You need JavaScript enabled to view it. and our website is www.vell.com

Tech Companies: CEO Roles Open

MTN Group Limited, Gauteng - $11.81B - November 2015 
MTN announced resignation of Sifiso Dabengwa as CEO of the company due to problems in Nigeria, where the company's subsidiary has been hit with a $5.2 billion fine.

Citrix Systems, Fort Lauderdale, FL -  $3.1B - 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. Robert Calderoni, Citrix’s Executive Chairman, has been unanimously appointed interim president and CEO.

Atmel Corporation, San Jose, CA -  $1.4B , May 2015
Steven Laub, president and CEO of microcontroller vendor Atmel, 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.

Pelephone Communications, Israel - $1.03B, October 2015
Gil Sharon, CEO of Pelephone, announced that he was ending his tenure after ten years as CEO of the company, following his upcoming appointment as CEO of Discount Investment Corporation. Sharon will be leaving Pelephone in three months, after transitioning the role to his successor.

Shanda Games Limited, China - $714M, November 2014     
Yingfeng Zhang has been appointed as acting CEO and the Board will begin a global search for a permanent successor.

Imation, Minnesota - $678M, October 2015
Imation announced that Bob Fernander, an existing member of the company’s Board of Directors, has been appointed as Interim CEO, effective immediately.

3D Systems, South Carolina - $670.2M, November 2015 3D Systems Corporation announced that Avi Reichental has stepped down as President and CEO and as a Director of the Company, effective at the close of business on October 28, 2015, by mutual agreement with the company's Board of Directors. Andrew Johnson will serve as Interim President and CEO, in addition to his continued role as Chief Legal Officer.

Kulicke and Soffa Industries, Singapore - $612M, October 2015                        
Bruno Guilmart that he will step down as President, CEO and as a Director of the company effective immediately. The Board has named Jonathan H. Chou, Kulicke & Soffa’s SVP and CFO, to fill the role of interim CEO and it has formed a committee to conduct a search for a permanent successor among external and internal candidates.

TeleCity Group, London - $529.6M, 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.

UXC Limited, Victoria - $529.4M, November 2015         
UXC Limited announced that Managing Director & CEO, Cris Nicolli has informed the Board of Directors of his intention to retire in 2016. A succession planning process has been in place for some time to enable the Board of Directors to choose Nicolli's successor and both internal and external candidates have been considered for the role.

QLogic, Aliso Viejo, CA - $520.2M, August 2015                         
QLogic appointed Christine King as executive chairman and Jean Hu as acting CEO. Hu has served as SVP and CFO since 2011 and will continue in that role and retain her CFO responsibilities while serving as acting CEO. Prasad Rampalli has resigned his positions as president and CEO in order to pursue other opportunities

Blucora, Bellevue, WA - $516.8M, October 2015
Blucora announced that Bill Ruckelshaus will resign his position as President and CEO when a permanent successor has been identified.  At the time of his transition, Mr. Ruckelshaus will assume the role of Vice Chairman of the Board of Blucora.

TiVo, California - $480.6M, November 2015        
TiVo announced that Thomas S. Rogers, its current CEO and president, will be stepping down from that role effective on the earlier of January 31, 2016 or upon the appointment of his successor.

SDL plc, Berkshire, UK  - $417M, October 2015   
SDL plc announced that its founder and CEO Mark Lancaster will be stepping down from the Board and his role as CEO of the Company with immediate effect and will be leaving the Company on October 31, 2015. The Board will appoint shortly an International Search firm to identify suitable candidates for the position of CEO. In the interim period, David Clayton, currently Non-Executive Chairman of SDL will assume the role of Executive Chairman.

5N Plus, Quebec - $366.4M, November 2015      
5N Plus announced that Jacques L'Ecuyer has informed the board of directors of the company of his desire to step aside from his current position of president and CEO. He will remain as President and CEO until the new President and CEO has been appointed by the board of directors.

FARO Technologies, Florida - $330.4M, November 2015
FARO Technologies announced that Jay Freeland plans to step down as President and CEO and member of the Board of Directors. Freeland will remain in his current role until a successor is appointed. Freeland is leaving to pursue other business and personal interests.

Automated Systems Holdings, Hong Kong - $194.7M, September 2015                
Leung Tat Kwong, Simon has resigned as an Executive Director and the CEO of the Company with effect from 1st October 2015; Wang Yueou has been appointed as the Acting CEO of the Company with effect from 1st October 2015 and continues to act as an Executive Director and the Joint Company Secretary of the Company.

Exar,  Fremont, CA  $171.8M, October 2015
Exar Corporation announced that its Board of Directors has appointed Chairman of the Board, Richard L. Leza, as interim President and CEO. Mr. Leza's appointment follows a mutual agreement by the company's Board of Directors and Louis DiNardo that he will step down as President and CEO and as a member of the Board of Directors.

Capinfo Company Limited, Beijing - $130.5M, November 2015
The board of directors of Capinfo Company Limited announced that due to change of work allocation, Dr. Wang Xu has tendered his resignation as Chairman, executive director, CEO and chairman of Nomination Committee and Strategy Committee of the company which will be effective when a new Chairman is elected by the Board. Dr. Wang Xu confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Q-Free ASA, Sør-Trøndelag - $99.2M, November 2015  
In a board meeting in Q-Free ASA held on November 3, 2015 the board approved the step down of Thomas Falck as CEO of the company with immediate effect. CFO Roar is appointed as interim CEO in the company.

Wi-LAN, Ottawa, Ontario - $98.3M, 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.

GBST Holdings Limited, Queensland, Australia - $87.9M, September 2015   
GBST announced that Stephen Lake announced the board that he intends to retire as managing director and CEO of GBST. As part of the company's succession plan he will be fully involved in selection of a successor and handing over his responsibilities. Mr. Lake will leave the company during 2016, when the handover to the new CEO is completed.

Eyang Holdings Group, Hong Kong - $74.6M, November 2015 
EYANG Holdings announced that Chen Weirong, Chairman has resigned. The effective date is November 05, 2015. As Mr. Chen has disposed of his entire indirect shareholding interest in the company and ceased to be a substantial shareholder of the company, Mr. Chen resigned as the Chairman, the CEO and an Executive Director of the company with effect from 5 November 2015.

Daiwa Associate Holdings, Kowloon       - $68.5M, November 2015  
The board announced that Mr. Hui Lap Shun John, an executive Director of the company, has been appointed as the chairman of the company and the acting CEO with effect from November 25, 2015.

Zix Corporation, Dallas, TX - $50.3M,  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.

GuestLogix,  Toronto, Ontario - $50M, September 2015                    
GuestLogix announced that Brett Proud has advised the Board that effective immediately he is retiring from his position as CEO and Director. Proud has agreed to remain available to the Board and management in a consultative role through the end of the year. A special committee of the Board has begun the search for a new permanent CEO. In the interim, Chairman Louis Belanger-Martin will play a larger role in both the strategic direction of the business, as well as the oversight of critical client and partnership relationships.

Lantronix, California - $42M, November 2015    
On November 18, 2015, Kurt Busch resigned as President and CEO of Lantronix Mr. Busch also resigned as a member of the Board of Directors of the company and withdrew himself as a nominee for director at the company's AGM scheduled to be held on November 19, 2015. The Board appointed Jeremy Whitaker, as interim CEO of the company, while the Board finalizes the search for a new CEO.

Fireswirl Technologies, Vancouver, BC - $41.2M, September 2015                    
Fireswirl Technologies announced that Tony Lau has resigned as the CEO, President and CTO of the company and as a member of the company's board of directors. Lawrence Ng has been appointed to replace Lau as the company's Interim CEO and has been appointed to the board.

Elephant Talk Communications, New York - $33.2M, November 2015
Elephant Talk Communications appointed Robert H. Turner as Executive Chairman and Tim Payne, the current President of Elephant Talk North America, as interim CEO. Together, both appointees will be responsible for managing and growing Elephant Talk's global operations. Mr. Steven van der Velden has stepped down as Chairman, CEO and a director of the Company.

Act-On Software, Oregon - $24.9M, October 2015
Act-On Software's CEO and Chairman Raghu Raghavan is stepping aside from the company. Raghavan, who will still be involved with the company, said a new CEO will be named soon. Prior to Act-On, Raghavan helped to start California-based Responsys.

Daegis, Texas - $23.7M, November 2015 
Daegis announces management changes with the terms of the merger agreement and effective as of the effective Time on November 23, 2015. Timothy P. Bacci and Susan K. Conner were removed from the positions of CEO and CFO, respectively, of the company.

Publishing Technology, Oxfordshire - $21.4M, September 2015                    
Publishing Technology PLC announced that after careful consideration, the Board announced that Michael Cairns has stepped down as CEO with immediate effect and will be replaced as acting CEO by the company's current CTO David Montgomery.

Bridgeline Digital, Massachusetts - $20.4M, November 2015
Bridgeline Digital announced that its founder, President & CEO, Thomas Massie, has completed the company's transition from a service only business model to a iAPPS business model, and effective December 1, 2015 he will resign as President & CEO to pursue other opportunities. The Board will create a temporary 'Office of the CEO Office' whereby Bridgeline's current COO, Roger 'Ari' Kahn and EVP & CFO, Michael Prinn, will act as Interim CEOs. Each Mr. Kahn and Mr. Prinn will continue in their respective roles while assuming the responsibilities of the Office of CEO until a successor is named by the Board.

Ground Properties, Hong Kong - $16.7M, November 2015      
Ms. Chai Xiu had tendered her resignation as the CEO of the Company with effect from 10 November 2015 in order to devote more time on her other business commitment. Ms. Chai will remain as an executive director and the chairman of the Company. The Company is in the process of identifying a suitable candidate to assume the role as CEO and further announcement in this regard will be made as and when appropriate.

Posera-HDX Limited, Toronto, ON - $16.1M, September 2015                    
Posera-HDX announced that Paul K. Howell has stepped down as CEO effective immediately. Mr. Howell will continue as a director of the company. An interim CEO will be appointed as soon as possible.

Corum Group Limited, New South Wales - $13.8M, November 2015   
Corum Group Limited announced that David Tonuri has resigned from his positions of Managing Director and CEO with immediate effect. Current CFO, David Clarke, has assumed the position of interim CEO. David will hold this position for the time necessary for the board to undertake a search process for a new CEO.

Asdion Berhad, Wilayah Persekutuan - $2.34M, November 2015        
Asdion Berhad announced that Tai Tee Yap, CEO has resigned. The effective date is November 11, 2015.

OTCO International, Karnataka - $0.45M, November 2015      
OTCO International  announced that Ms. Chinnamma Pullatu Mathew is re-designated as Non-Executive & Non-Independent director from her existing position as executive & non-independent director and CEO of the company. She is not holding the post of CEO hereafter.

Zaio Corporation, Alberta - $0.43M, November 2015    
ZAIO announced that David King has been terminated from his position as President and CEO by the Board of Directors, effective immediately. Joel Strickland, Chairman of the Board has been appointed interim CEO, and Phil Wazonek, currently a Zaio Director has been appointed interim President and COO.

Agritek Holdings, Colorado - $0.03M, November 2015  
On November 4, 2015, Justin Braune resigned as the CEO and as the sole member of the Board of Directors of Agritek Holdings. B. Michael Friedman will act as interim CEO, and sole member of the board, and shall serve until the 2016 annual meeting of stockholders and thereafter, until his respective successor is duly elected, qualified and practicable to replace Mr. Friedman. Mr. Friedman was previously the company's CEO from 2009 until he was replaced by Mr. Braune in March 2015.

BreedIT Corp., New York - $0.01M, November 2015    
On November 10, 2015, the board of directors of BreedIT Corp. accepted the resignation of Mr. Yoel Yogev as the company's CEO and a director, effective November 10, 2015. Mr. Yogev stated that the reason for his resignation was to permit him to pursue other business interests. Mr. Itschak Shrem, who has served as the company's chairman since December 31, 2013, has been appointed as interim CEO and will continue to serve as chairman of the company's board of directors.

Kronologi Asia Berhad, Selangor, Malaysia -  October 2015                   
Kronologi Asia Berhad announced appointment of Mr. Teo Chong Meng Philip Dominic (Executive Director) as Acting CEO and Mr. Tan Wee Seng Gerard (Independent Non-Executive Director) as Non-Executive Chairman.

NETIA SA,  Poland, October 2015  
Netia announced Boguslawa Matuszewska's term as temporary president of its management board (CEO) expired on 06 October. As a member of the company's supervisory board, she was appointed temporarily to perform the duties of the CEO with effect from 06 July for no longer than three months. Netia also announced that she resigned her membership of the company's supervisory board with effect from 06 October.

Wall Street Media Co., New York, NY - October 2015                          
Wall Street Media Co. announced that Jerrold D. Burden immediately resigned as the sole director, CEO, President, Principal Executive Officer and Principal Financial Officer of the company. The company also announced that Jeffrey A. Lubchansky was appointed as the company's sole officer and director, serving as the company's interim CEO, President, Principal Executive Officer and Principal Financial Officer.

Epcylon Technologies, Toronto, ON - September 2015
 Effective on September 22, 2015, the board of directors of Epcylon Technologies accepted the resignation of Jack J. Bensimon as the CEO and member of the board of directors of the company. Gary Schwartz, as director of lead strategies on behalf of the company, will be overseeing the day-to-day operations of the company until a replacement for CEO has been appointed.

HashingSpace, Los Angeles, CA - September 2015                    
Timothy M. Roberts resigned as the Chairman and CEO. No replacements announced yet.

eMoney Advisor Conshohocken, PA - September 2015
Michael R. Durbin named interim CEO of eMoney Advisor. The move follows the decision by eMoney Advisor's founder, Edmond Walters, to step out of his CEO role and leadership position, following 15 years with the company. * Not clear if they are looking for external candidates for permanent CEO role.

Gilat Satellite Networks, Israel - 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.

Research Now Limited, Greater London - October 2015
Research Now announced it will begin the process to identify a successor to the company's President and CEO, Kurt Knapton. Mr. Knapton, a pioneer and catalyst in the online survey data collection space, who returned to the company as its President and CEO in 2011, will remain on the Board of Directors following the identification of and transition to his successor. The announcement that Knapton was tendering his resignation to the Board was made on October 13, 2015 to all company employees.

AKADO Group , Moscow, Russia - October 2015                    
Dmitriy Dronov has resigned from the position of CEO and president of the Akado group after working there for only four months. Nikolay Kuzmenko has been appointed acting CEO and president of the group. Kuzmenko earlier worked as the company's first deputy CEO.

Compumed, California, November 2015   
CompuMed announced that W. Scott Rombach has resigned as President, CEO, and Director of CompuMed, effective November 13, 2015. Lee Keddie and David Pointer, existing Directors, will serve in the role of interim Co-CEOs for the company.

Oniqua Pty , Queensland, November 2015
Oniqua Intelligent MRO announced that effective December 4, 2015 company co-founder and CEO Andy Hill will retire after 25 years of service. Steve Herrmann, EVP of marketing and alliances for the company, will serve as interim CEO to ensure a smooth and successful transition during the search for Mr. Hill's successor. Hill will continue to provide strategic advice and counsel to the company on a consulting basis.

Openreach, Greater London, November 2015    
BT announced that Joe Garner is to step down as CEO of Openreach after deciding to take up a new challenge as CEO of Nationwide.

Société Internationale de Télécommunications Aéronautiques, Geneva, November 2015
SITA announced that CEO Francesco Violante will step down in the second half of 2016 after more than 13 years at the helm. A global search for Violante's successor is currently under way.

1st Detect Corporation, Texas, November 2015
Astrotech Corporation and its subsidiary 1st Detect Corporation, announced the demise of 1st Detect CEO Bob C. Kibler on October 31 due to heart complications. Mr. Kibler joined the company on June 23, 2014 and served as CEO of 1 Detect Corporation since December 4, 2014. Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation and Chairman of 1st Detect, who was also the CEO of 1 Detect from inception to December 3, 2014 will serve as Acting CEO until a successor is named.

PeerTV , Israel, November 2015   
PeerTV Plc announced the resignation of Wes Wilcox as CEO of PeerTV Limited.

Ournett Holdings, New York, November 2015   
Effective as of October 22, 2015, Mr. Xavier Rey has resigned as the CEO of Ournett Holdings  and as a member of the company's Board of Directors.

Technology CEO Appointments

Ooredoo Q.S.C., Qatar - $8.94B, November 2015         
Ooredoo Q.S.C announced that Mr. Waleed Mohamed Al-Sayed has been appointed as CEO of Ooredoo Qatar. Mr. Yousuf Abdulla Al Kubaisi has replaced Mr. Waleed Al-Sayed as COO of Ooredoo Qatar.

STATS ChipPAC, Singapore - $1.53B, November 2015   
STATS ChipPAC announced that Mr. Tan Lay Koon has stepped down as Co-President and CEO with effect from 6 November 2015. Following his stepping down as a Co-President and CEO with effect from 6 November 2015, Mr. Tan Lay Koon is also expected to step down as a director in the near future. Dr. Han Byung Joon will continue as the Company’s sole President and CEO.

Moneygram International, Texas - $1.4B, November 2015    
MoneyGram announced that Lawrence Angelilli has been named EVP and CFO, effective January 1, 2016. Angelilli succeeds W. Alexander Holmes, who will assume MoneyGram's CEO role on January 1, 2016.

Pelephone Communications, Israel - $1.030B, November 2015  
Bezeq The Israel Telecommunication Corp., Limited announced that Bezeq's board of directors approved the appointment of Bezeq's Deputy CEO, Ran Guron, as CEO of Pelephone. Guron will replace Pelephone's current CEO, Gil Sharon, who announced his resignation.

Allianz Managed Operations & Services SE, Bavaria - $863.30M, November 2015  
As of January 1, 2016, Sylvie Ouziel will become CEO of Allianz Global Assistance. She will be replaced as CEO of Allianz Managed Operations & Services by Barbara Karuth-Zelle, a member of the latter's management board.

CSG Systems International, Colorado - $748.9M, November 2015 
Peter E. Kalan, CSG's current CEO, will retire as CEO of the company and resign from CSG's Board. Bret C. Griess, CSG's current President and COO, will become the CEO and President of CSG.

Pinnacle Holdings, Gauteng - $657.5M, November 2015
As announced on 11 March 2015, Mr. Pierre Spies was appointed as deputy CEO of Pinnacle and has since worked closely with Mr. Arnold Fourie, the CEO ("CEO") for the past eight months. The Pinnacle board ("the Board") is now pleased to announce that Mr. Spies will assume the role of Joint CEO effective 1 January 2016. Mr. Arnold Fourie will continue as the Joint CEO of Pinnacle until 30 June 2016.

Splunk, California - $595.8M, November 2015    
Splunk  announced that Godfrey Sullivan, the company's President and CEO, has informed the Board of Directors that he will retire as President and CEO November 19, 2015. The Board has appointed Doug Merritt, who previously served as the company's SVP, Field Operations, as President and CEO of the company and has appointed Merritt to the Board of Directors, effective November 19, 2015.

LDK Solar Co., Jiangxi Province - $561.9M, November 2015     
LDK Solar CO.,  announced the resignation of Mr. Xingxue Tong as President and CEO, effective immediately, for his personal reasons. The company’s Chairman, Mr. Zhibin Liu, will assume the management position as company’s President and CEO.

Rocket Fuel, California - $475.7M, November 2015       
Rocket Fuel has named Randy Wootton as its new CEO. Wootton joined Rocket Fuel in March as chief revenue officer and will replace Monte Zweben, who has been acting as interim CEO since March.

Ericsson-LG Co, Gyeonggi-do - $431M, November 2015
Ericsson-LG said that the board of directors has appointed Patrick Johansson, VP of the firm's business unit radio, as new CEO of the company. Johansson, who will be responsible for all Ericsson-LG business operations in Korea, joined Ericsson in 1997 and has since then held various management positions and served as a board of director member for Ericsson-LG from 2012.

Futong Technology Development Holdings Limited, Hong Kong - $427.6M, November 2015
The Board also announced that Ms. Zhang Yun (Ms. Zhang), an executive Director, has been appointed as CEO with effect from 13 November 2015.

Envestnet, California - $399.3M, November 2015
Envestnet announced that upon the closing of the Merger with Yodlee, Anil Arora, CEO and a former director of Yodlee prior to the Merger, joined the Envestnet Board of Directors as Vice Chairman and as CEO, Envestnet | Yodlee.

58.com, China - $398.8M, November 2015         
58.com  announced its plan to spin off Guazi.com  Mr. Mark Haoyong Yang, the founder, former Chairman and CEO of Ganji.com, will serve as Chairman and CEO of Guazi and has resigned from his position as the co-CEO of 58.com, effective immediately, but will remain the co-Chairman of 58.com's board of directors. The Spin-off is expected to be completed in the near future.

TrueCar, California - $251.7M, November 2015
TrueCar announced that Chip Perry, an online automotive pioneer and long-time industry leader, will become the company’s president and CEO, effective December 15, 2015. Perry was the first employee of AutoTrader.com in 1997 and served as its CEO from the company’s inception until 2013.

PAR Technology Corporation, New York - $247.2M, November 2015 
PAR Technology Corporation announced the retirement of Ron Casciano from his position as CEO & President effective January 1, 2016. The company also announced the election by the Company’s Board of Directors, effective January 1, 2016, of Karen Sammon to the position of CEO, President and Board member. Ms. Sammon is currently President of ParTech.

Flexera Software, Illinois - $227.7M, November 2015   
Flexera Software announced the retirement of president and CEO Mark Bishof and named Jim Ryan, currently the company's COO, to assume the role of CEO on January 1, 2016.

Rudolph Technologies, New Jersey - $220.2M, November 2015        
Rudolph Technologies  announced that Paul F. McLaughlin shall retire from the employment of the company effective December 30, 2015 and that the Board of Directors has named Michael P. Plisinski as the company’s next CEO and appointed him as a Director of the company, both effective November 9, 2015.

Novatel Wireless, California - $218.2M, November 2015         
Novatel Wireless announced that the Board of Directors has appointed its current Chair, Sue Swenson, to serve as CEO of the company. Ms. Swenson replaces Alex Mashinsky, whose employment with the company was terminated on October 27, 2015. Most recently she served as CEO of Sage, North America.

Xerox S.p.A., Milan - $210.3M, November 2015  
Xerox Italia has appointed Daniele Puccio as its new chairman and CEO. Puccio has occupied several senior sales positions since starting his career at Xerox Italia in 1979 and is currently general manager of the European Channel Group Southern Region, a role he will retain.

United Online, California - $204.4M, November 2015    
The Board unanimously appointed Howard Phanstiel, the current Chairman of the Board, as the company's new Principal Executive Officer, effective November 18, 2015. Mr. Phanstiel, age 66, has served as Chairman since November 2013 and as a Company director since October 2008.

Xunlei, Guangdong Province - $164.00, November 2015 
Effective immediately, Xunlei Limited's board of directors has appointed Mr. Lei Chen, the Company's CTO, as Co-CEO. Simultaneously, Mr. Chen resigned as Xunlei's CTO, a post he has held since joining the company in November 2014. Mr. Chen has a wealth of industry experiences in cloud computing, software architecture and online infrastructure from his previous roles at Tencent, Google, and Microsoft.

Pericom Semiconductor, California - $127.1M, November 2015        
Pericom Semiconductor announced that in accordance with the Merger Agreement, from and after the effective time, the officers of PSI Merger Sub became the officers of the company. In particular, Keh-Shew Lu became the CEO of the company and Richard D. White.

Connecture, Wisconsin - $94.5M, November 2015        
Connecture announced that Jeff Surges will assume leadership as CEO effective November 17, 2015. Doug Schneider, current CEO since January 2012, will continue with company as president and chief product officer, and retain his seat on the company’s board of directors.

TC Orient Lighting Holdings Limited, Kowloon - $91M, November 2015       
Mr. Wang Shi Jin, an executive Director and the Deputy Chairman of the company, stepped down from the position of Deputy Chairman and was re-designated as the CEO of the company. Mr. Wang, aged 61, is a founder of a reputable company in the People's Republic of China specializing in advanced technologies and engineering services.

Kinaxis, Ontario - $85.9M, November 2015        
The company announced that John Sicard will succeed Douglas Colbeth as the Company's next CEO. Mr. Sicard has most recently been the Company's Chief Products Officer, and will assume the role of CEO on January 1, 2016.

Practice Fusion, California - $73M, November 2015      
Practice Fusion appointed Tom Langan as its permanent CEO. Langan has been interim CEO of Practice Fusion since August of 2015.

Halogen Software, Ontario - $63.6M, November 2015  
Halogen Software announced the company has appointed Leslie (Les) Rechan as President and CEO, effective immediately. Mr. Rechan joined the Halogen Board of Directors in May 2015, and has served as interim CEO of the talent management leader since early July 2015.

STATS, Illinois - $39.8M, November 2015 
STATS LLC named Kenneth Fuchs as its new CEO. Fuchs will take the helm at STATS from outgoing CEO Gary Walrath, who led STATS for 12 years. As a global VP at Yahoo! , where he served in various product and media leadership roles including oversight of Yahoo Sports, Yahoo Finance, Yahoo Entertainment and strategic partnerships, Fuchs brings an extensive background in sports technology and digital media management to STATS, and has particularly deep domain experience in fantasy sports and analytics.

Adacel Technologies, Victoria - $32.3M, November 2015        
The Board of Adacel Technologies Limited announced that Mr. Gary Pearson has been confirmed as the company's CEO. Mr. Pearson has acted as CEO since Seth Brown's medical leave of absence as announced on June 22, 2015.

Link Mobility Group, Oslo - $30M, November 2015       
The Board of Directors of Link Mobility Group ASA has appointed Arild Hustad as new CEO. Arild Hustad is a seasoned manager within Telecom, and has previously held CEO positions in Telecom Management Partner, Network Norway and Tele2 Norway. The resigning CEO Johan Andersen will continue his valuable work for LINK Mobility as head of the group's Strategy and Business Development.

IS Solutions, Middlesex - $15.3M, November 2015
IS Solutions Plc announced the changes: Peter Kear takes over as CEO at the start of the financial year. Peter, currently Sales Director and a member of the PLC Board, was also a co-founder of the IS Solutions business and he has worked with John since 1977 and was appointed an Executive Director on its formation in 1985.

Aircraft Technical Publishers, California - $15.3M, November 2015   
Aircraft Technical Publishers (ATP) reported that ParkerGale Capital has acquired the company and partnered with Charles Picasso, who has been named as the new CEO. As chairman of the board of Narus he led a strategic realignment that resulted in the company being acquired by Boeing Network and Space Systems as a subsidiary.

Outsourcery, Greater Manchester - $12.7M, November 2015   
Outsourcery PLC appointed Emma de Sousa as Managing Director, with a primary focus on driving company's sales and marketing activity. Ms. de Sousa will be based in company's Manchester headquarters and joins company from Insight, where she was Managing Director, UK & Ireland.

Life Image, Massachusetts - $11.8M, November 2015   
lifeIMAGE announced that Matthew A. Michela will join as President and CEO effective November 2, 2015. Michela's extensive experience includes senior positions at Harvard Pilgrim Health Care. Most recently, Michela served as COO at Healthways.

Patton-Inalp Networks, Switzerland - $11.8M, November 2015        
Patton Electronics appointed Peter Burkhalter as President and CEO of Patton-Inalp Networks (Switzerland), which serves as Patton's European headquarters. A former Nortel and IBM executive, Burkhalter joined Patton-Inalp as VP of Business Development in January amid forecast growth in the global SBC market.

Instacom Group Berhad, Sarawak - $11M, November 2015   
Instacom Group Bhd has appointed Dr. Yeoh Seong Mok as its joint CEO, a role Yeoh will share with current CEO Anne Kung. The appointment was a strategic move to add more impetus into Instacom's new construction division.

Optima Healthcare Solutions, Florida - $10.4M, November 2015      
Alpine Investors announced that it has made an investment in Optima Healthcare Solutions. Optima’s founding team will maintain minority ownership and remain active in the management of the Company. Josh Pickus, an Alpine CEO in Residence and part of the firm’s PeopleFirst program, has become Optima’s new CEO.

SQAD, New York - $5.48M, November 2015       
SQAD appointed Marc Krigsman as CEO. Neil Klar, who has been CEO and owner since 1990, will assume the role of Vice Chairman. Mr. Krigsman was most recently CEO and Founder of Cross MediaWorks.

Advenica AB, Skåne County - $5.32M, November 2015 
The board of Advenica appointed Einar Lindquist as its new CEO to lead the continued growth in the commercial market area. Former CEO Andreas Linde will focus on developing the company's business within the business area National Security. Einar has a solid background in IT & telecom industry and has in recent years been CEO of the IT security company Cryptzone.

Authentidate Holding Corp., New Jersey - $3.04M, November 2015  
Authentidate Holding Corp. and Peachstate Health Management, LLC d/b/a AEON Clinical Laboratories said they have entered into a definitive merger agreement under which privately-held AEON will merge with a wholly-owned subsidiary of Authentidate in exchange for shares of a newly created class of Series E Preferred Stock of Authentidate. The merger agreement provides that upon completion of the merger, Sonny Roshan, the current Chairman of AEON, will be appointed the chairman of the board of the company and Richard Hersperger, the current CEO of AEON, will be appointed CEO of the company.

HealthFore Technologies Limited, Delhi - $2.05M, November 2015   
HealthFore Technologies  has informed that the Board of Directors of the Company at its meeting held on October 27, 2015, have approved the resignation of Mr. Maninder Singh Grewal from the position of Managing Director and Key Managerial Personnel of the Company, effective from close of business hours on December 31, 2015. However he will continue to act as Director and Non-executive Chairman of the Board of Directors of the Company with effect from January 01, 2016. Board approved the appointment of Mr. Varun Sood as CEO of the company and designating him as one of the Key Managerial Personnel, effective from January 01, 2016.

AudioEye, Arizona - $0.55, November 2015        
Effective from November 4, 2015, Todd Bankofier, was appointed by the Board of Directors of AudioEye to the position of CEO of the company. As a principal in Fairmont Capital Group since 2008, Mr. Bankofier was responsible for day-to-day oversight of multiple asset holdings, including strategic planning, revenue generation, technology evolution, operational effectiveness and public relations for all FCG entities. Mr. Bankofier served as General Manager of Ensynch.

Zaio Corporation, Alberta - $0.43M, November 2015    
Zaio Corporation announced that its Board of Directors appointed Shane Copeland as CEO. Mr. Copeland, who currently serves as CEO of the Valuation Vision business unit, will immediately succeed Joel Strickland, current Chairman of the Board.

LeoNovus, Ontario - $0.22M, November 2015    
LeoNovus appointed Dan Willis as CEO of LeoNovus effective immediately. He is replacing Gordon Campbell, who has resigned as CEO effective November 13, 2015.

USG Tech Solutions, Uttar Pradesh - $0.2M, November 2015   
USG Tech Solutions announced that the board of directors of the company at its meeting held on October 23, 2015, considered and approved the appointment and re-designation of Mr. Servesh Gupta as managing director of the company and consider and approve the appointment of Mr. Shiv Kumar Gupta as a whole time director of the company.

Decimal Software, New South Wales - $0.1M, November 2015
Decimal Software Limited appointed Mr. Nic Pollock as CEO, commencing 23 November 2015. Nic has been operating in the enterprise software and professional services market at senior levels for over 20 years. During this period, he worked with enterprise software leader Oracle and was also Managing Director, Asia Pacific with Gemcom.

BullsnBears.com, Florida - $0.08, November 2015       
BullsnBears.com appointed a new CEO, Mr. James Farinella. Mr. Farinella will become CEO, effective as of November 18, 2015. Mr. Farinella joins the company with over 25 years experience in businesses related to the Capital Equity Markets while also holding officer and director positions in several public companies. The company's previous CEO, Mr. James Palladino, remains with the company as a Director.

Virtual Piggy, California - $0.01M, November 2015       
Virtual Piggy  announced the addition of Kathe Anchel to the company as CEO, and Martha McGeary Snider to the company as Chairman of the Board. Kathe Anchel (pronounced Kayta) joins with more than 15 years of diversified experience leading across product, design and strategy organizations. With a focus on bridging payments technologies with content and commerce, she has worked with global leaders in finance, mobile payments, education, healthcare, retail and content to launch and grow products and brands. Prior to joining Oink, Kathe served as a leader within the Global Consumer Products team of PayPal and previously at eBay Enterprises heading up product experience design. Martha McGeary Snider has served as the chair of the Board of Advisors for Virtual Piggy since 2012.

China Media Group, Selangor, November 2015  
China Media Group Corp. announced that with effect from October 21, 2015, the Board accepted resignation of Noor Azlan Khamis as President and CEO and Director of the company and the resignation of Azrinaz Mazhar Hakim Mazhar as Director of the company. The board appointed Ching Chiat Kwong, Abdul Fattah Abdullah, and Ahmad Shukri Abdul Ghani as Directors of the company and Andrew Hwan Lee as President and CEO of the company replacing Noor Azlan Khamis.

California Software, Tamil Nadu, November 2015       
California Software Company Limited announced that the board meeting held on Nov. 13, 2015 has approved the resignation of Bhavesh Rameshlal Chauhan as director as well as managing director and CEO. The board also approved the appointment of Fredreik Ivor Bendie as managing director and CEO.

3D Total Solutions, Connecticut, November 2015
On November 23, 2015, James Endee resigned as CEO and Director of 3D Total Solutions and agreed to terminate all agreements with the company. On the same date, Paul Fischer was named CEO and Director of the company.

Clarisite , Israel, November 2015  
Yaron Morgenstern joining Clarisite as CEO with immediate effect to spearhead the company's expansion in Europe and across North America. Morgenstern most recently served as General Manager of Financial Markets Compliance for Nice Systems.

Telenor Danmark Holding A/S, Denmark, November 2015    
Telenor Denmark announced that Jesper Hansen formally has been appointed as new CEO, after he was named to the top position in an acting limit in summer.

Vertu Corporation, Hampshire, November 2015 
After exactly three years with Vertu, Massimiliano Pogliani stepped down as CEO at the end of October 2015. Billy Crotty has been announced at Vertu's new CEO.

Wedge Networks, Alberta, November 2015      
Wedge Networks appointed James Hamilton as CEO to spearhead the company's global charge in the rapidly growing cloud security market. Hamilton, a company's board member since 2013, brings extensive executive leadership experience to the company.

OpenTable, California, November 2015   
The Priceline Group announced that Christa Quarles has been named CEO of OpenTable, effective immediately. Quarles has served as the CFO of OpenTable since May 2015 and as interim CEO since September of 2015 when former CEO Matt Roberts moved into the role of Chairman, OpenTable.

Argyle Data, California, November 2015  
Argyle Data has appointed Vikash Varma as President and CEO to lead its next stage of growth. Vikash Varma brings 23 years of multi-disciplined U.S. and international experience to Argyle Data, with a track record of building businesses from the early stages to market leadership.

NUVI, Utah, November 2015        
NUVI has named Cameron Jensen as CEO and Brett Allred as president and CTO. Allred has been with NUVI since March 2014 serving as its COO, where he has used his diverse tech and entrepreneurial background to support NUVI’s extraordinary growth into a market leader.

Lumos Labs, California, November 2015  
Lumos Labs announced that Steve Berkowitz has been named CEO of the company, effective as of November 2015. Berkowitz succeeds Kunal Sarkar, a co-founder of the company, who has been appointed chairman of the board of directors and will continue to work with the company’s leadership on strategy and long-term vision. Berkowitz has over 30 years of senior management experience and was most recently the CEO of Move from 2009 to 2014.

HackerOne, California, November 2015   
HackerOne appointed Marten Mickos as CEO. Most recently, Mickos served as the SVP and General Manager of HP’s cloud businesses after it acquired Eucalyptus, where he was CEO.

Greenphire, Pennsylvania, November 2015       
Greenphire appointed Jim Murphy as CEO. 
The transition, which has been facilitated by Greenphire co-founder, Samuel Whitaker, will see Jim Murphy, who previously served as president and managing director of Almac Clinical Technologies, lead Greenphire in scaling global operations and further advancing the organization's market leading clinical trial payment technology solution suite. 

VideoMining Corporation, Pennsylvania, November 2015       
VideoMining Corporation announced that Sanjay Mittal has joined as President and CEO. More recently Sanjay Mittal co-founded Spotzot. Before starting Selectica, Sanjay had a distinguished career as a research scientist in Artificial Intelligence at Xerox Palo Alto Research Center.

Plus8 Global Ventures, British Columbia, November 2015       
Plus8 Global Ventures announced that Mr. Jason Moreau, a current director of the Company, has been appointed as President and CEO of the Company effective immediately.

REGEN Energy, Ontario, November 2015 
Encycle Corporation announced the addition of Bob Chiste to the Encycle team as President and CEO. Bob has served as Encycle's Chairman since 2011 and previously served as Interim CEO.

Locon Solutions, Maharashtra, November 2015  
Housing.com has promoted Jason Kothari as CEO, filling the position with a full-time head five months after cofounder and former CEO Rahul Yadav was ousted.

MOL AccessPortal Sdn. Bhd., Selangor, November 2015        
MOL AccessPortal Sdn.Bhd. announced that Ganesh Kumar Bangah has resigned as CEO with effect from October 31, 2015. The company has named Wilson Soon Poh Beng, previously MOLAP COO, as MOLAP's new CEO.

QuickMobile, British Columbia, November 2015  
QuickMobile appointed David Smith as CEO. Smith joins QuickMobile to lead the company through its next phase of growth. Prior to joining the company, David was CEO at Elix Wireless Charging Systems.

Antenna Company International NV, Curacao, November 2015       
The Antenna Company International announced that its board of directors has appointed David Favreau as new CEO, effective immediately replacing Roel Pieper, now becoming chairman of the Supervisory Board.

Lucid Design Group, California, November 2015
Lucid reported that Will Coleman, founder of Onramp Capital and former partner at Mohr Davidow Ventures, is the company's new CEO.

Pelco, California, November 2015 
Pelco by Schneider Electric appointed Sharad Shekhar as CEO. Based at Pelco Headquarters in Clovis, California, Shekhar is responsible for the entire global video business. Having had extensive general management experience with his prior positions at Cummins, where he spent 15 years, Shekhar most recently was in charge of North American Exhaust Aftertreatment Business.

AssetAvenue, California, November 2015
AssetAvenue announced that its Board of Directors has named Varun Pathria as its new CEO. Co-founder David Manshoory will shift his role from CEO to assume the role of President.

Mozido, Texas, November 2015    
Mozido announced that R. Todd Bradley has joined the company as CEO effective immediately. Bradley joins Mozido from TIBCO Software where he served as president of the Silicon Valley business software concern since June 2014.

Mojix, California, November 2015  
Mojix appointed Dan Doles as President and CEO, reporting to the company's board of directors. Most recently, he served as a Director of Connexive  Dr. Ramin Sadr, who founded Mojix in 2003, will continue to guide technical evolution and will serve on the Board of Directors of the company.

Shenzhen Mingwah Aohan High Technology Corp. , China, November 2015
Shenzhen Mingwah Aohan High Technology Corp.  announced that Mr. Liu Guo Fei has been appointed as the CEO of the company with effect from 28 October 2015. Mr. Liu joined the Company in January 1999. He has been an executive vice-president of the company since February 2007 and appointed to be an executive director in July 2008.

Aupeo GmbH, Berlin, November 2015     
Aupeo, GmbH announced David J. Taylor as CEO and Managing Director. Taylor joined Aupeo in April 2013 as CTO.

Zonzia Media, Nevada, November 2015  
On November 6, 2015, the company accepted the resignation of Mr. Naresh Malik as CEO of the company. The Chairman of the Board agreed to combine the duties and responsibilities of COO and CEO into one position of CEO and in that regard Mr. Johnathan Adair resigned his current position as COO and the Chairman of the Board appointed Mr. Adair as the new CEO of the company.


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)
CIO, Univision
$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

Vell Team

Dora Vell- Managing Partner

Dal Coger– VP

Paula Axelrod – VP

Judy Smith- Senior Consultant

Ajanta Banerjee– Business Research Associate

Tori Agel– Marketing Coordinator

Read 2970 times Last modified on Tuesday, 20 March 2018 11:56
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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