Tuesday, 05 January 2016 23:10

68 Open Tech CEO Roles and 70 Recent Tech CEO Appointments‏ Featured

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Happy New Year! Hope you had a restful holiday season...

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the 34 days ended December 31, 2015. 

CEO Stats In this Newsletter - Technology Industry

New Tech CEO Openings: 9 - Black Box Corporation (PA), Sitestar (VA), ShopKeep POS (NY), Salt Mobile (Switzerland), Omesti Berhad and Mesiniaga (Malaysia), RTX A/S (Denmark), Primary Opinion (UK), and Total Client Services (South Africa).

Total Tech CEO Roles Open: 68

New Tech CEO Appointments: 70

Sources of Appointments: 37were External appointments, and 33 were internal promotions – COO (7), Divisional Execs (5), Chair (4), President (3), iCEO (2), Founder (2), Board Member (2), Others (8)

Diversity: Three out of 70 CEOs appointedwere women - Rovio Entertainment (Finland), Klart.Se (Sweden), and LiveSafe (VA).

Geographic Distribution33 in the US, Four in Canada and 33 International appointments.

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.

Salt Mobile SA, Switzerland - $1.4B, December 2015    
Swiss mobile operator Salt CEO Johan Andsjo has resigned, with immediate effect. The board of directors has appointed Pierre-Alain Allemand as the company's interim CEO. Allemand has been at Salt since the recent change of ownership. A search for Andsjo's successor has been initiated.

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.

Black Box, Pennsylvania - $964.4M, December 2015     
Black Box Corporation announced that Michael McAndrew will be stepping down as the President and CEO of the company, effective upon the appointment of his successor. Mr. McAndrew will remain available to ensure a smooth transition. The Nominating & Governance Committee of the Board is in charge of succession planning and has engaged a national executive search firm to conduct an external search for candidates.

Shutterfly, California - $921.4M, December 2015
Shutterfly announced that Jeffrey Housenbold plans to step down from his roles as president, chief executive officer and member of the company’s Board of Directors to pursue other opportunities, effective from February 2016.

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.

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.

Speed Commerce, Texas - $140.6M, December 2015   
On December 17, 2015, Speed Commerce announced that Dalton Edgecomb was appointed as its Interim CEO and Interim President, and Bruce Meier was appointed as its Interim CFO. Mr. Edgecomb is a principal of Winter Harbor, LLC and has more than 20 years of experience advising companies through cash management and cost reduction, capital structure refinancing, crisis management and business plan development for restructuring purposes.

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.

Avanza Bank Holding AB, Sweden - $94.5M, December 2015
Avanza announced that its CEO Martin Tiveus intends to leave his position. He will remain in his current role during his six months period of notice. Martin Tiveus became CEO of the company in 2011.

Omesti Berhad, Malaysia - $92.7M, December 2015     
Omesti Berhad announced that Gan Nyap Liou alias Gan Nyap Liow, Managing Director will resign. The effective date is December 31.

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.

RTX A/S, Denmark - $52.7M, December 2015    
Current CEO, Flemming Hynkemejer, will step down at the end of the year. The current strategy will be continued. CFO, Jacob Vittrup, is appointed temporary CEO when Flemming Hynkemejer steps down. A process to find a long-term replacement has been initiated.

Mesiniaga Bhd, Malaysia - $50.9M, December 2015      
Mesiniaga Berhad announced that Mohamed Fitri Bin Abdullah, managing director will resign. The effective date is January 01, 2016.

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.

Sitestar, Virginia - $1.99M, December 2015       
On December 14, 2015, the Sitestar Corporation board of directors terminated Frank Erhartic for cause from his position as president and CEO of the company effective immediately. Mr.  Erhartic also agreed to resign his position as a director of the Company effective immediately. The board has appointed Steven L. Kiel as interim president and CEO. Steven L. Kiel, 37, is the founder and president of Arquitos Capital Management.

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. 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.

Primary Opinion, United Kingdom - $0.01M, December 2015   
Primary Opinion Limited announced that Mr. Martin Burke has tendered his resignation as CEO & Managing Director of the company effective 10 December 2015. Mr. Burke will continue to assist the board for the next 3 months to ensure a smooth transition of the Australian operations.

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.

ShopKeep POS, New York, December 2015       
Effective Jan. 1, 2016, ShopKeep announced that President and CEO, Norm Merritt, will be stepping down as head of the company for personal reasons. Michael DeSimone, who was formerly CEO of Borderfree will serve as ShopKeep’s acting CEO.

Total Client Services, South Africa, December 2015     
Total Client Services Limited announced its shareholders that Mr. Lindikhaya Sipoyo has decided not to renew his employment contract for a third term. However, in order to ensure a seamless transition, Lindikhaya has agreed to continue to fulfill the role as Executive Director and CEO until a suitable replacement is found. The Board expects this process to be completed by 29 February 2016 and shareholders will be advised once an appointment has been made.

Technology CEO Appointments

Renesas Electronics, Japan - $6.13B, December 2015  
Takao Endo notified the company of his intention to resign from his positions as Representative Director, Chairman and CEO, effective December 25, 2015, for personal reasons and the company has accepted his request. Following the resignation of Takao Endo, Renesas has appointed Tetsuya Tsurumaru, the Representative Director, President and COO to the position of Representative Director, President and CEO.

CSRA, Virginia - $3.9B, December 2015     

Effective as of November 27, 2015, Lawrence B. Prior III will become the President and CEO of CSRA. Mr. Prior will also be a director of CSRA.

Philippine Long Distance Telephone Company; Smart Communications, Philippines - $3.6B, December 2015                              
The company announced the retirement of Mr. Napoleon Polly Nazareno as President and CEO of Philippine Long Distance Telephone and Smart Communications, effective December 31, 2015, and his subsequent appointment as Strategic Advisor to the PLDT Group. The company also announced that Mr. Manuel V Pangilinan, present Chairman of the Boards of PLDT and Smart, shall assume the position of President and CEO.

CDK Global, Illinois - $2.0B, December 2015      
CDK Global announced a leadership transition plan in which Brian P. MacDonald, who currently serves on the company's board of directors, will succeed Steven J. Anenen as CEO of the company by June 30, 2016. 

F5 Networks, Washington - $1.9B, December 2015      
F5 Networks announced that John McAdam, Chairman of the F5 Board of Directors, has been appointed President and CEO. Mr. McAdam joined F5 in July 2000, and served as the Company’s President and CEO until his retirement in July 2015.

Micro Focus International, United Kingdom - $1.23B, December 2015
COO Stephen Murdoch and President and General Manager of SUSE Nils Brauckmann will join the Board effective February 1, 2016 as CEO of the company and CEO of SUSE respectively.

Criteo SA, France - $1.18B, December 2015      
Criteo S.A. announced that JB Rudelle, its founder, Chairman and CEO will become Executive Chairman and Eric Eichmann, currently President and COO, will be promoted as the company's new CEO, effective January 1, 2016.

Bahrain Telecommunications Company, Bahrain - $1B, December 2015     
Bahrain Telecommunications Co. announced the appointment of Ihab Hinnawi as its Group CEO. Hinnawi has over 25 years of managerial experience, has been CEO of Batelco's Umniah operation since 2009 and previously held the role of general manager of the Enterprise Division at Batelco Bahrain and the role of CEO at Batelco Jordan.

Match Group, Texas - $991.9M, December 2015
Match Group announced a series of senior management appointments to more effectively manage the business and drive global growth. Greg Blatt, Chairman of Match Group, will become Chairman and CEO of the company, effective December 31, 2015. Mandy Ginsberg, currently CEO of The Princeton Review (and formerly CEO of Match.com U.S.), will become CEO of Match Group North America.

Vodafone Qatar Q.S.C., Qatar - $611.9M, December 2015      
Vodafone Qatar has appointed Ian Gray as CEO with effect from 1 December 2015. Gray takes over from Kyle Whitehill who will be leaving Vodafone to pursue other opportunities. Gray joins Vodafone Qatar from Vodafone Egypt where he is chairman, having served on the board of Vodafone Egypt for over 14 yearsluding time as CEO of the company.

Premiere Global Services, Georgia - $566.8M, December 2015        
Boland T. Jones resigned as the CEO of the company. Theodore P. Schrafft, the President of the company immediately prior to the effective time, has been appointed to assume the role of CEO of the company.

SkillSoft Corporation, New Hampshire - $508.2M, December 2015     
Skillsoft Corporation announced that it has appointed Bill Donoghue as CEO, while Chuck Moran, Skillsoft CEO since its foundation in 1998, will continue to serve as the company’s Chairman. Donoghue had been supporting Skillsoft in an advisory capacity for the last few months and prior to Skillsoft, was COO of TES Global.

Zensar Technologies, India - $433.1M, December 2015
Zensar Technologies appointed Sandeep Kishore as CEO and Managing Director. He will join Zensar on January 12, 2016 and take over the leadership of the company succeeding Ganesh Natarajan. Currently, he is with HCL Technologies Ltd., as Corporate VP and Global Head for the Life Sciences & Health Care and the Public Services businesses.

5N Plus, Quebec - $366.4M, December 2015      
5N Plus appointed Mr. Arjang J. (AJ) Roshan as the company's new President and CEO effective February 15, 2016. Mr. Roshan replaces Mr. Jacques L'Ecuyer whom has informed the Board of Directors of the company of his desire to step aside from his position of President and CEO.

Gigaset AG, Germany - $363.9M, December 2015        
The Supervisory Board of Gigaset AG has in its meeting on December 15, 2015 appointed Mr. Klaus Wessing and Mr. Hans-Henning Doerr as new CEO and CFO with immediate effect. Wessing has worked in the communications industry for more than 30 years holding various operational and strategic functions.

Enea Netbricks S.A.S, France - $247.3M, December 2015      
On 1 December 2015, the Board of Teo LT, AB approved a joint management team for Omnitel and Teo that from January 2016 will lead the companies to offer new joint broadband and mobile communication, Internet, television and IT services. As announced in October 2015, CEO of TEO LT, AB Kestutis Šliužas will become the CEO of the two companies from 1 January 2016.

Monotype Imaging, Massachusetts - $188.2M, December 2015
Monotype Imaging appointed Scott Landers, currently COO, as president and CEO, effective January 1, 2016. Landers will succeed current president and CEO, Doug Shaw, as part of a planned transition process announced on March 9, 2015.

Rovio Entertainment, Finland - $185.1M, December 2015

Rovio is shifting more operational responsibility and decision-making into its two business divisions Games and Media. As a consequence of this change, Pekka Rantala, who has successfully led Rovio through a period of change and strengthened the company's focus, has decided to step aside. Rovio has appointed Kati Levoranta as the new CEO. Levoranta has served Rovio since 2012 as Chief Legal Officer, and has also headed the company's sales for the EMEA region since March 2015.

Progressive Digital Media Group, United Kingdom - $105.7M, December 2015       
Michael Danson, currently executive chairman of the company, will be appointed as CEO, taking over direct day-to-day management of the Group; and Simon Pyper, currently CEO of the company, will be appointed CFO of the Group.

Public Joint-Stock Company Bashinformsvyaz, Russia - $100.6M, December 2015
Marat Dolgoarshinnykh has been appointed as the CEO of Bashinformsvyaz, working under the Bashtel brand in Bashkortostan republic. Dolgoarshinnykh has previously worked in management positions at various subsidiaries of Russian national operator Rostelecom.

GBST Holdings Limited, Australia - $87.9M, December 2015   
GBST announced that Mr. Robert De Dominicis has been appointed managing director and CEO with immediate effect.

Miltope Corporation, Alabama - $60.3M, December 2015       
VT Miltope has appointed Edward F. Crowell, Brigadier General (US Air Force, retired), as President and CEO. He succeeds James Chambers, Major General (US Army, retired).  Crowell, a 21-year veteran of the company, has served most recently as VT Miltope’s COO.

Ooyala, California - $58.1M, December 2015      
Ooyala appointed Ramesh Srinivasan as CEO, effective January 1, 2016. Srinivasan succeeds Jay Fulcher, who successfully led Ooyala through its first major phase as a global leader in its industry, overseeing a six-year period of rapid growth, global expansion and innovation. Srinivasan oversaw Innotrac's recent merger with eBay Enterprise, which positioned the company for significant global expansion and increased distribution.

Vodatel Networks Holdings, Hong Kong - $52.9M, December 2015   
The Board of Vodatel Networks Holdings Limited announced that Yim Hong, an executive Director, the managing Director and the CEO, has tendered his resignation to the Board which will take effect from 12 February 2016 as he has decided to early retire due to his decision to spend more time with his family. The Board has decided that Kuan Kin Man and Monica Maria Nunes will co-chair the positions of managing Director and Chief Executive with effect from 12 February 2016. Kuan Kin Man is the general manager and Monica Maria Nunes is the finance director of the company and its subsidiaries and both of them have been executive Directors since 1999 and served on the boards of the directors of various subsidiaries.

PJSC Datagroup, Ukraine - $45.5M, December 2015     
Datagroup has appointed Alexander Kardakov the new CEO of the company. Kardakov replaces Maksim Smelyanets, who has left the company. Kardakov is a founder of Datagroup and will serve as CEO on a temporary basis, combining the position with his work as chairman of the supervisory board at Datagroup's holding company Octava Capital.

Technology Service Professionals, Texas - $42.3M, December 2015
TSP (Technology Service Professionals) promoted Frank Gonzalez, current VP of operations (and co-founder), to the role of CEO. Gonzalez will succeed Rick Skaggs, the company's current CEO (and co-founder).

Lantronix, California - $42M, December 2015     
Lantronix announced that Jeffrey W. Benck has been appointed as president and CEO of the company. Benck has also been appointed to the company's board of directors. Most recently, Benck served as president and CEO of Emulex Corporation from July 2013 until Emulex was acquired by Avago Technologies in May 2015.

Aspiro AB, Sweden - $39.4B, December 2015    
Tidal announced Jeff Toig, former SoundCloud chief business officer as its new CEO, effective January 2016. Toig will replace Tidal's former CEO- Peter Tonstad, who earlier this year took up the post as the company's interim leader, and eventually resigned in June 2015. Prior to his stint with the music service, Tonstad served as CEO to Aspiro.

Fronde Systems Group Limited, New Zealand - $38.1M, December 2015     
Fronde appointed Anthony Belsham as a new CEO. He served at Fisher & Paykel Appliances, his most recent role being General Manager Global Quality.

Alteva, Pennsylvania - $31M, December 2015     
Alteva announced the successful completion of the merger between Alteva and MBS Holdings. In connection with the Merger, Brian Kelley departed from his position as CEO of the company, and William J. Fox, III named as President and CEO.

Urthecast, British Columbia - $20.3M, December 2015  
UrtheCast Corp. announced that, Wade Larson has accepted the role as CEO in addition to his roles as President and COO.

EdgeWave, California - $17.2M, December 2015 
EdgeWave announced that Steve Orenberg has been named President and CEO. According to a release, Orenberg was most recently the President of Kaspersky Lab, a position he held for 10 years, during which he founded Kaspersky's North American operations and grew it to $160 million in sales.

Life Image, Massachusetts - $11.8M, December 2015   
lifeIMAGE has appointed Matthew Michela as its president and CEO. He has worked in senior positions at Harvard Pilgrim Health Care, and most recently served as COO of Healthways.

Advent Intermodal Solutions, New Jersey - $8.13M, December 2015
Advent Intermodal Solutions announced that its board of directors has appointed Parvez Mansuri to serve as the company’s new CEO. Mansuri returns to AIS after previously serving as its CIO and is committed to delivering integrated, advanced solutions to support essential operations of the trucking community and associated stakeholders from around the world. In 2001, Mansuri first joined AIS and in 2003 was named the company’s CIO.

Zinwave, United Kingdom - $6.42M, December 2015     
Zinwave Ltd. has appointed Scott Willis as the new CEO, effective from January 4, 2016. Ian Sugarbroad will step down from his current role on January 4, but will work closely with Scott on a full-time basis for several months to facilitate the transition of his responsibilities. Scott joins from Goodman Networks, where he was EVP, Chief Sales and Marketing Officer.

Synety Group, United Kingdom - $3.81M, December 2015       
SYNETY Group plc announced the restructuring of its board of directors which will take effect from January 4, 2016. Simon Cleaver, who currently serves as Executive Chairman, will be appointed as CEO; Mark Seemann, who currently serves as CEO, will continue to serve as an executive director to the board as President and Co-Founder.

Microwave Filter, New York - $3.54M, December 2015 
On December 9, 2015, Mr. Carl F. Fahrenkrug, SR retired as President and CEO of Microwave Filter Company. Mr. Fahrenkrug will continue to serve as a Director Of the Company and was elected Vice Chairman of the Board on December 9, 2015. On December 9, 2015, Mr. Paul W. Mears, 56, was appointed CEO of the Company by the Board of Directors. Mr. Mears began his association with the Company as a Co-op while attending Rochester Institute of Technology (RIT) in 1981.

8common Limited, Australia - $2.65M, December 2015 
8common Limited announced that current Managing Director and current CEO Nic Lim to be appointed Executive Chairman effective January 01, 2016 and current COO Nick Gonios is to be appointed as CEO effective January 01, 2016.

Microsaic Systems, United Kingdom - $1.39M, December 2015
Microsaic Systems PLC announced that Dr. Jim Ramage, a Non-executive Director of Microsaic Systems since 2010, has been appointed as CEO. Dr. Ramage was previously a director of VG Instruments. He will replace Colin Jump, who shall be leaving the Company on 31 January 2016 and will step down from the Board of the Company with immediate effect.

MobileBits Holdings, Florida - $0.42M, December 2015 
On November 30, 2015, Hussein Abu Hassan tendered his resignation from the position of President with MobileBits Holdings Corp. Abu Hassan’s resignation will be effective November 30, 2015. Abu Hassan will remain the Chairman of the company Board of Directors. On December 3, 2015, the Board approved the election of Kent Kirschner as permanent CEO of the company. Kent Kirschner was the Interim CEO of the company.

Living 3D Holdings, New York - $0.01M, December 2015        
Mr. YIP, Man Wah Stephen was appointed to serve as the chairman of the board of directors and the CEO of the company.

Corona Labs, California, December 2015 
Perk.com appointed Roj Niyogi, the company’s founder and President, to the position of CEO of its newly acquired subsidiary, Corona Labs.  In addition to his existing responsibilities, Mr. Niyogi will lead this division of the company.

Airspeed Limited, Ireland, December 2015       
GMCD veteran Timothy Wyllie has been appointed as the new CEO of AirSpeed Telecom, following the departure of Liam O'Kelly.

Worlds Mall, Nevada, December 2015     
Thomas Wikstrom tendered his resignation as the President, CEO, CFO, Treasurer, director and from all officer positions held in the Company. Min Huang is new President, CEO and Director. Huang is also currently serving as the President and Chairman of the Board of Guangdong Solomon Industrial Co. Ltd. and President of Guangdong Yunlian Guoji Investment Management Co. Ltd.

Klart.Se, Sweden, December 2015

Alexandra Josephson appointed as new CEO for Klart.se. Alexandra Josephson joined Schibsted as a management trainee, and has subsequently held positions as marketing and business development manager in tv.nu and most recently as sales manager in The You Way and My Home. Alexandra Josephson will take up her new position in 2016.

Intellisense Solutions, Arizona, December 2015
On December 11, 2015, Intellisense Solutions  entered into a merger agreement with Dotz Nano Ltd. and Intellisense (Israel) Ltd. (Merger Sub). Dr. Moti Gross has been appointed CEO of company and the company accepted the resignation of Neil Reithinger as director and CEO of company, effective on closing of the merger.

DealCloud, North Carolina, December 2015        
DealCloud named Rick Kushel its new CEO. Kushel joins a DealCloud team that includes President and former CEO Ben Harrison and COO Rob Cummings, both co-founders of the company. Kushel, who is, has over a decade of experience leading and serving in senior roles at software-focused companies in the private market space.

iBasis, Massachusetts, December 2015    
iBasis appointed Feddo Hazewindus to the position of CEO. Effective January 1, 2016 Hazewindus will succeed Willem Offerhaus, who will become EVP of Executive Relations and Regional Management. Most recently, Hazewindus was responsible for leading the reorganization of the Operations division of KPN.

Linius, Australia, December 2015  
Linius (Aust) Pty Ltd. has appointed Chris Richardson as CEO. Previously, Mr. Richardson served in executive roles for a number of technology companiesluding KIT digital, U4EA Wireless, and NextHop Technologies.

Avangate B.V., Netherlands, December 2015     
Avangate announced that Board of Directors has appointed Alex Hart as CEO. Hart has more than 25 years of experience and an extensive record of success in leading payment services and software businesses. He was the President & CEO of Official Payments, from 2010 until its sale to ACI Worldwide in 2013, and most recently assisted ACIW in both corporate development and product strategy.

Wilson Electronics, Utah, December 2015        
Wilson Electronics announced the hiring of Bruce Lancaster as CEO. Lancaster will replace Donald Blohm, who previously served as the company's CEO. Lancaster joins Wilson Electronics after 15 years at Logitech, where he most recently served as VP and general manager of its Harmony Home Control and New Ventures groups.

CoreMedia, Germany, December 2015    
CoreMedia appointed Sören Stamer as CEO. Sören co-founded CoreMedia in 1996 and led the company for the first 13 years as CEO. In this time, he established CoreMedia. He serves on the board of directors of The Lisbon Council in Brussels and Cow Hollow School in San Francisco.

OpenLink Financial, New York, December 2015 
OpenLink announced John O’Malley’s appointment as CEO. Mr. O’Malley takes over from Mark Greene who announced his intention to retire earlier 2016. Mr. Greene will continue to serve on the OpenLink Board as an independent director. Most recently, Mr. O’Malley was an Operating Partner for Thoma Bravo after being hired as CEO of Digital Insight.

Société Internationale de Télécommunications Aéronautiques, Switzerland, December 2015
SITA announced that David Lavorel, currently SITAs SVP for Corporate 
Development and CEO Office, has been appointed CEO of SITAONAIR effective 1st January 2016. Lavorel succeeds Ian Dawkins who is stepping down to pursue other opportunities.

Angoss Software, Ontario, December 2015       
Angoss Software Corporation announced a strategic organizational move towards the Big Data evolution with the introduction of new CEO, Rick Makos. Until recently, Mr. Makos was the VP of Analytics at SAP Canada.

Wilson Electronics, Utah, December 2015        
Wilson Electronics appointed Bruce Lancaster as CEO. Lancaster will replace Donald Blohm, who previously served as Wilson Electronics’ CEO. Lancaster joins Wilson Electronics after 15 years at Logitech, where he most recently served as VP and general manager of its Harmony Home Control and New Ventures groups.

MTN Nigeria Communications, Nigeria, December 2015        
MTN Nigeria's CEO Michael Ikpoki has tendered his resignation with immediate effect. He is replaced by Ferdi Moolman as MTN Nigeria CEO.

LiveSafe, Virginia, December 2015
LiveSafe announced that Carolyn Parent has been named the company's president and CEO. She most recently served as co-founder of Gravy. Before that, Parent was an EVP and general manager at Deltek. She succeeds Jenny Abramson, a former Washington Post executive, who stepped down as chief executive of the company in June.

Azercell Telecom, Azerbaijan, December 2015  
Azercell Telecom appointed Vahid Mursaliyev as permanent CEO. During 10 years, he has worked in a number of top managerial positionsluding General Counsellor to the CEO and Director of Legal Affairs and General Administration. Since January 2015, he has been acting CEO of the company, in additional to his main duties of Legal Affairs & Contract Management Director.

Newgistics, Texas, December 2015        
Newgistics named Todd Everett as President and CEO, effective January 1, 2016. He is replacing Bill Razzouk who served as CEO. Most recently, Everett served as General Manager and Chief Operating Officer for the company’s parcel and fulfillment business.

Jazz, Pennsylvania, December 2015        
Peter Lamson accepted the position of CEO of Jazz (formerly Resumator). Lamson was SVP of global sales at Carbonite where he helped to accelerate the growth of the company’s small business solutions.

Ambiq Micro, Texas, December 2015      
Ambiq Micro announced that Fumihide (Humi) Esaka has joined the firm as CEO. Mr. Esaka takes over from Mike Noonen who was interim CEO since July 2015. Fumihide Esaka has twenty years' senior management experience in the semiconductor industry and held CEO roles in his last two companies, Nihon Inter Electronics and, most recently, power conversion specialist, Transphorm.

PlanetRisk, Maryland, December 2015    
Paul McQuillan recently joined as president and CEO of iMapData, and will continue in this role in the new organization that has become PlanetRisk. He brings over 25 years of federal sector experience and a track record of success growing successful organizations that serve both government and private sector customers. Most recently, McQuillan was CMO of A-T Solutions, which was recently acquired by PAE.

Fitbug Limited, United Kingdom, December 2015
Fitbug Holdings Plc announced that Paul Landau, CEO of Fitbug's 100% owned subsidiary Fitbug Ltd, and James Ward, interim CFO, are stepping down to pursue new business opportunities.  Fitbug Holdings Plc's CEO Anna Gudmundson will fulfill Paul's current responsibilities.

banglalink digital communications limited, Bangladesh, November 2015    
Banglalink announced that Erik Aas was named as CEO of the company, effective from November 29, 2015. Aas will replace Ziad Shatara who will leave Bangladesh on November 30, 2015. Aas was the CEO of Grameenphone from October 2004 to October 2007.

First Point Minerals, British Columbia, December 2015
First Point Minerals Corp. announced that Martin Turenne will succeed Jim Gilbert as the company's President and CEO. Turenne has served as the company's CFO since September 2012.


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 2543 times Last modified on Tuesday, 20 March 2018 11:49
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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