Thursday, 10 March 2016 11:24

92 Open Tech CEO Roles and 71 Recent Tech 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 29 days ended February 29, 2016. 

CEO Stats In this Newsletter - Technology Industry

New Tech CEO Openings: 12 - Everi Holdings (NV); Imagination Technologies, Crossrider (UK); Mobotix AG (Germany); Pixelworks (CA); Towerstream (RI); RoomLinX (CO); DATATRAK International (OH); International Datacasting Corporation (ON); Moko Social Media, Superloop (Australia); AppYea (TX).

Total Tech CEO Roles Open: 92

New Tech CEO Appointments: 71

Sources of Appointments: 38 were External appointments, and 33were internal promotions – Co-Founder (5), President (3), COO (2), iCEO (2), Board Member (2), Others (19)

Diversity: Nine out of 71 CEOs appointedwere women - A1 Telekom Austria (Austria), The Chamberlain Group (IL), Telenor Serbia (Serbia), Perforce Software (CA), Medfusion (NC), Orange Holding S.A (France), IBS AB (Sweden), Trintech (TX), Flat World Education (Washington, DC).

Geographic Distribution: 41 in the US, four in Canada and 26International appointments.

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

All the best,  

Dora Vell

Vell Executive Search
t: 617-530-1260 | This email address is being protected from spambots. You need JavaScript enabled to view it. 

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.

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. The board has hired executive search firm Spencer Stuart to seek a new CEO.

Xchanging plc, UK - $836.00M, January 2016
Ken Lever intended to retire from his role as CEO and from the Board of Xchanging plc. Ken Lever ceased be a Board Director and employee of the Company at the close of business on 31 December 2015.

Everi Holdings, Nevada - $774.6M, February 2016       
On February 16, 2016, Everi Holdings  announced that Michael D. Rumbolz, age 61, has been appointed to the positions of Interim President and CEO (collectively, CEO) of the Company. Upon assuming the office of Interim CEO, Michael D. Rumbolz replaced Ram V. Chary, whose employment with the Company ended on February 13, 2016.  Rumbolz currently serves as a member of the Board of Directors of Employers Holdings 

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.

Imagination Technologies, UK - $256.4M, February 2016
Imagination Technologies Group plc announced that Sir Hossein Yassaie has stepped down as CEO. Andrew Heath, one of the non-executive directors, has been appointed Interim CEO. Andrew joined the Group's Board in August 2012 as a non-executive director. The Group will start the search for a new Chief Executive immediately, assessing both internal and external candidates in the process. As a result of his appointment, Andrew will step down from the Remuneration and Audit committees.

United Online, California - $204.40M, January 2016
United Online reported that its Board of Directors has appointed Jeff Goldstein as the company's Interim CEO, effective January 11, 2016. The company noted that in connection with Goldstein's appointment, Howard Phanstiel has resigned as its Principal Executive Officer, effective January 10, 2016.

CU Cooperative Systems, California - $201.20M, January 2016
COOP Financial Services announced that President/CEO Stan Hollen will be retiring from the company in May 2016, and that the Board is already conducting a search for a successor. Hollen will continue to provide strategic support to the COOP Board and the new President/CEO after stepping down. Hollen will retire on May 31, 2016, following the company's 2016 annual meeting of shareholders earlier in the month.

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, Norway - $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.

Mobotix AG, Germany - $89.4M, February 2016 
MOBOTIX AG has announced the resignation of Klaus Gesmann as CEO, CFO, and as a member of management board. An interim manager will initially be placed in charge of the Finance department, previously under his control, while CTO Dr. Oliver Gabel is temporarily taking over the Purchasing department. A third board member will be appointed in the near future.

Crossrider Plc, UK - $85.3M, February 2016      
Crossrider plc announced that it has accepted the resignation of CEO Koby Menachemi. Mr. Menachemi will be leaving at the end of March 2016 to pursue other opportunities. Elgie has been appointed as Executive Chairman. Mr. Elgie having founded Creston plc and served as CEO until March 2014. Mr. Elgie is a respected industry figurehead having founded Creston plc and served as CEO until March 2014.

Perceptron, Michigan - $78.30M, January 2016
Perceptron announced that the board of directors of the company appointed current Board Chair W. Richard Marz as interim president and CEO. Mr. Marz will continue to serve as chairman of the board. Mr. Marz succeeds Jeffrey M. Armstrong, who resigned his roles as director, president and CEO of the company, effective January 26, 2016. The Board of Directors will initiate a search to identify a new president and CEO of the Company. Mr. Marz will serve as interim president and CEO until a successor is appointed.

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, Malaysia - $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.

Pixelworks, California - $59.5M, February 2016 
Pixelworks announced that effective immediately Bruce Walicek has resigned as President and CEO and as a Director from the board for personal reasons. Mr. Walicek will remain as a consultant to the company for a period of up to six months. Pixelworks’ board of directors has commenced efforts to promptly identify and select a candidate to succeed Mr. Walicek as CEO. Until such time that a permanent CEO is appointed, Stephen Domenik will assume these duties and serve as interim CEO.

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.

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.

Blue Star Infotech, India - $43.40M, January 2016
Blue Star Infotech announced that at its board meeting held on January 27, 2016, the board has accepted the resignation of Mr. Sunil Bhatia as CEO and MD. The board also approved the resignation of Mr. Aloke Ghose, as CFO and Company Secretary. Mr. V. Sudarshan was appointed as CFO and Company Secretary, effective January 27, 2016. He has also been appointed as Compliance Office, effective January 27, 2016.

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.

Bull Will Co., Taiwan - $41.00M, January 2016
Serial System announced resignation of Mr. Peter Ho I Chin as Executive Chairman and Group CEO of Bull Will Co., Ltd, effective from January 07, 2016.

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.

Towerstream Corporation, Rhode Island - $31.7M, February 2016    
On February 16, 2016, the Board of Directors of Towerstream Corporation appointed Philip Urso as Interim CEO and Arthur Giftakis as COO of the company. Mr. Urso presently serves as Chairman of the Board of Directors and Mr. Giftakis as SVP of Engineering and Operations of the company. Urso co-founded Towerstream, has served as the company's director and chairman since inception and was CEO from inception until November 2005.

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.

Ominto, Washington - $21.30M, January 2016
On January 26, 2016, Ominto accepted the resignation of its CEO/President Ivan Braiker and its CFO Tom Virgin. Mr. Braiker also resigned from his position as a director of the company. Mr. Mitchell Hill, who is currently a director of the company and has served as Chairman of the Audit Committee since June 2015, was appointed Interim CEO by the Company's Board of Directors as of January 26, 2016. Michael Hansen, the company founder and largest shareholder, will continue as a director. He will also continue to guide the leadership of the company as its visionary and chief strategist while he concentrates on building and developing the sales and marketing forces of Ominto subsidiary companies worldwide. David C. Pollei will also continue as Ominto's Chairman of the Board.

Panoramic Universal Limited, India - $21.20M, January 2016
Panoramic Universal has announced that Mr. Babu Iyer, Managing Director of the Company has vide his letter dated January 29, 2016 intimated about his intention to resign as Director from the Board of the Company and as Managing Director of the Company as well as Committees of the Board in which he is a member due to his Medical issues. His resignation shall be considered by the Board in its ensuing meeting on February 09, 2016 and if accepted he will cease to be director and Managing director of the Company with effective form close of business hours of February 09, 2016.

RoomLinX, Colorado - $20.8M, February 2016    
RoomLinX announced that in order to focus on capital requirements, public markets, investor & public relations, and M&A opportunities, effective January 4, 2016, Aaron Dobrinsky, CEO, has handed all of his day to day executive positions at the company and its subsidiaries to existing members of the management team. With his focus to help build shareholder value, Mr. Dobrinsky has assumed the role of Chairman of the Board.

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, Australia - $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.

Schmitt Industries, Oregon - $13.00M, January 2016
Schmitt Industries announced that on January 8, 2016, James A. Fitzhenry, the President and CEO of the company tendered his resignation as an officer of the company, including any positions held with any of the company's subsidiaries. Mr. Fitzhenry will retain his position as a director of the company. On January 8, 2016, the company appointed board member David M. Hudson as its Interim President and CEO.

Pinnacle Technology Group plc, UK - $11.90M, January 2016
Pinnacle Technology Group plc announced that Nicholas Scallan, CEO, intends to step down from the Board at this year's Annual General Meeting proposed to be held on 23 March 2016. He will remain as CEO until this time. As announced on 7 December 2015, James Dodd will also step down as a non-executive director at the time of the AGM.

DATATRAK International, Ohio - $10.3M, February 2016       
DATATRAK International's board of directors unanimously voted to appoint James R. Ward or Jim Bob Ward to the position of Interim CEO and President to fill the vacancy and such appointment shall be effective as of the termination of the former chief executive on February 24, 2016.

International Datacasting Corporation, Ontario - $7.2M, February 2016    
International Datacasting Corporation announced a change in management. As previously announced, the Board has commenced a formal process to explore strategic alternatives with a view to enhancing shareholder value. Accordingly, IDC's Senior Management team including the Co-CEO's Chris Barrett and Steeve Huin, as well as the CFO, Steve Archambault, have voluntarily offered their resignations. Archambault has agreed to serve as CFO and interim CEO during this transition period.

Moko Social Media, Australia - $3.6M, February 2016   
MOKO Social Media announced the final phase in its transformation from a digital and social media content creator to a developer of mobile products targeted exclusively at the U.S. high school and college student market. As a result of this transition, Mr. Ian Rodwell will be stepping down from his position as CEO and will serve as a strategic advisor to the Strategic Partnerships and M&A Board SubCommittee. In addition, Mr. Rodwell will also resign as a Director of the company effective Feb. 18, 2016. Mr. Shripal Shah, who previously served as MOKO's COO, will serve as the company's interim CEO.

Asdion Berhad, Malaysia - $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.

Nektan plc, UK - $0.83M, January 2016
Nektan plc announced the resignation of David Gosen as CEO effective from the end of January 2016. Mr. Gosen has decided to resign from the Board to explore new opportunities. Gary Shaw, currently Executive Chairman of Nektan, will assume the role of interim CEO whilst the Board of Nektan undertakes a search for a permanent replacement.

OTCO International, India - $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 2015Erez 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.

Micromax Informatics Limited, India - January 2016
Micromax announced that CEO Vineet Taneja has resigned from the company. Taneja was appointed the CEO in May 2014. The company's four promoters, Rajesh Agarwal, Vikas Jain, Rahul Sharma and Sumeet Kumar, that own about 80% stake, are now in charge of the company.

Imagination TV, Florida - January 2016
STEVEN SAMBLIS, has stepped down as CEO, CFO and President and as a Member of the Board of Directors of the company. JOE SIRIANNI, who has consented to act as a President, Secretary and Treasurer, is appointed as President, Secretary and Treasurer of the company.

HempTech Corporation, Florida - January 2016
In connection with the new operating structure and upon completion of the Agronetix Merger, Sam Talari will become the Acting CEO and CFO of Agronetix. The Company will start to recruit a CEO for HempTech Sam Talari will remain as the acting CEO for HempTech.

Superloop, Australia, February 2016       
Superloop Limited announced that Superloop Executive Director and Founder, Mr. Bevan Slattery will be taking the role of Interim CEO of Superloop. Slattery will remain in the role of company Chairman.

AppYea, Texas, February 2016 
On February 4, 2016, AppYea's sole director, CEO and CFO, Jackie Williams, passed away. Effective February 16, 2016, pursuant to the company's Bylaws, shareholders holding a majority of the common share votes, voted by written consent to appoint Keri Williams and Devin Beavers to serve as directors of the company. In addition, on February 16, 2016, the newly appointed board of directors appointed Devin Beavers to serve as interim CEO and interim CFO.

Tech Companies: CEOs Appointed

Hitachi, Japan - $84751.6M, February 2016
Hitachi appointed Toshiaki Higashihara as CEO of the company. In addition to new roles, Higashihara will continue to serve as representative executive officer and president of the group.

Nokia (HERE), Finland - $13574.8M, February 2016      
HERE announced that Edzard Overbeek has been appointed CEO to lead the company as a newly independent entity. He will start at the company on March 1, 2016. Overbeek is currently Strategic Advisor at Cisco at which he has held several senior executive roles since 2000. Most recently he was responsible for the Global Services organization with over $12 billion in revenues and 15,000 employees.

Broadcom, California - $6824.0M, February 2016
Avago Technologies Limited announced the agreement and plan of merger with Broadcom Corporation. In connection with the Transactions, on February 1, 2016, Hock E. Tan appointed as CEO of Broadcom Limited.

A1 Telekom Austria, Austria - $3306.9M, February 2016        
A1 Telekom Austria has announced the appointment of Margarete Schrambock as new CEO as of June 1, 2016. She looks back at 20 years of experience in the ICT sector. She started her career at Alcatel in Austria and in 2002 became managing director of NextiraOne. Her appointment follows the departure of Hannes Ametsreiter last year to become CEO of Vodafone Germany.

Blackhawk Network Holdings, California - $1801.1M, February 2016
Blackhawk Network Holdings hired Talbott Roche as its next CEO, succeeding William Tauscher. Roche, whose appointment is effective February 22, 2016, has been president of Blackhawk for more than five years, a role she will continue to fill, the company said in a statement.

Viavi Solutions, California - $1729.2M, February 2016
On February 2, 2016, Viavi Solutions announced that Richard Belluzzo would step down from his role as Interim President and CEO of the Company. The Company announced the appointment of Oleg Khaykin as the Company’s President and CEO and as a member of the Board, effective February 3, 2016. Prior to joining the Company, Mr. Khaykin was a Senior Advisor at Silver Lake Partners.

Hitachi Kokusai Electric, Japan - $1716.0M, February 2016    
Hitachi Kokusai Electric passed a resolution to appoint a new representative executive officer, president, and CEO. The company appointed Kaichiro Sakuma as Representative Executive Officer, President and CEO in the place of Manabu Shinomoto. Manabu Shinomoto designated to Director from Representative Executive Officer, President, CEO, and Director. From April 2015, Kaichiro Sakuma was SVP and Executive Officer VP, Information & Telecommunication Systems Company and Hitachi Ltd.

Micro Focus International, UK - $1230.7M, February 2016     
Micro Focus International plc confirmed the following board changes effective February 1, 2016. Stephen Murdoch joined the Board as CEO of Micro Focus. Stephen Murdoch rejoins the Board having been a Director from April 2014 to November 2014. Stephen Murdoch joined the Company in November 2012 and is currently COO of Micro Focus.

Cowell e Holdings, China - $1067.9M, February 2016    
The board of directors of Cowell e Holdings announced that Mr. Kwak Joung Hwan has tendered his resignation from his position as an executive Director, the chairman of the Board, the chairman of the nomination committee of the Board and CEO of the company with effect from 29 February 2016 due to personal health reasons. Mr. Lee Sun Yong has been newly appointed as the CEO, each with effect from 1 March 2016. Mr. Lee is responsible for managing the overall business operations and achieving the strategic objectives of the Group.

The Chamberlain Group, Illinois - $1007.7M, February 2016    
The Chamberlain Group announced that JoAnna Sohovich has been appointed CEO. Sohovich has had a distinguished career at both Honeywell and Stanley Black & Decker, where she most recently served as Global President of STANLEY Engineered Fastening.

Black Box Corporation, Pennsylvania - $933.6M, February 2016        
Black Box Corporation announced that E.C. Sykes has been appointed as president and CEO of the company. He also will join the board at that time. Mike McAndrew will resign from the board on that date but will remain available to assist Mr. Sykes on transition matters. Mr. Sykes most recently was President and CEO of Switch Lighting.

GP Industries, Singapore - $732.7M, February 2016     
GP Industries Limited has appointed Victor Lo Chung Wing as CEO. The effective date is February 3, 2016.

Telenor Serbia, Serbia - $432.7M, February 2016        
Ms. Ingeborg Ofsthus was appointed as CEO of Telenor Serbia. She will succeed Mr. Ove Fredheim who will take on new responsibilities within Telenor. Ofsthus has served as CTO in Serbia since September 2012, and since February 2013, also CTO of Telenor Montenegro.

Constant Contact, Massachusetts - $361.9M, February 2016   
On February 9, 2016, Constant Contact completed its previously announced merger with Paintbrush Acquisition Corporation, according to the terms of the Agreement and Plan of Merger, Hari Ravichandran, age 40, became CEO and President of the Company and was appointed as a director. He is also a founder of Endurance, has served as a director of Endurance periodically since its inception and continuously since 2007, as its president since December 2009 and as its president and CEO since March 2011.

FormFactor, California - $282.4M, February 2016
FormFactor and Cascade Microtech announced that they have entered into a definitive agreement under which FormFactor will acquire all outstanding Cascade shares in a cash and stock transaction. The combined company will use the name FormFactor Mike Slessor, FormFactors current CEO will lead the combined company and Tom St. Dennis, FormFactors Chairman, will continue in that role.

AGC Networks Limited, India - $136.5M, February 2016        
AGC Networks Ltd. announced that the Board of the company at its meeting held on February 15, 2016, accepted the resignation tendered by Mr. Anil Nair from the designation of Managing Director and CEO of the company with immediate effect. The Board also re-designated Mr. Sanjeev Verma as Whole time Director and CEO of the company with immediate effect. Mr. Verma was earlier Non-executive Director of the company handling international business based out of Dallas, USA.

Hosting.com, Colorado - $108.4M, February 2016        
HOSTING announced co-founder Joel Daly as CEO. Daly will replace co-founder Art Zeile, who has stepped down from a direct leadership role.

Model N, California - $96.2M, February 2016      
Model N announced that effective February 21, 2016, Edward Sander will join the company as CEO. Zack Rinat, Founder, Chairman, and CEO will assume a new role as Executive Chairman, focusing on board development, strategy, and supporting Ed as the new CEO of Model N. Ed brings a wealth of executive leadership experience to the company to accelerate its very positive trajectory.

Highway to Health, Pennsylvania - $65.4M, February 2016     
GeoBlue announced the appointment of Guillaume Deybach as President and CEO for Highway to Health (HTH). Deybach joins HTH from the role of Group EVP - Travel Business Line of the Europ Assistance Group.

Syzygy AG, Germany - $60.9M, February 2016  
With effect from April 1, 2016, Lars Lehne is joining SYZYGY AG as an additional member of the Management Board. Lehne, 46, is moving from Google Germany, where he has been employed since mid-2009, most recently as Director of Media & Technology. On September 1, 2016, Lars Lehne will take over the role of CEO from Marco Seiler, founder and CEO of SYZYGY.

AssureCare, Ohio - $60.0M, February 2016       
AssureCare announced the appointment of Dr. Yousuf Ahmad as its new CEO. Dr. Ahmad most recently served as the SVP of System Development for Mercy Health.

Perforce Software, California - $54.6M, February 2016
Summit Partners announced the acquisition of Perforce Software. Janet Dryer will assume the role of Perforce CEO. Perforce CEO Janet Dryer has worked in the software industry for more than 30 years. Dryer held various roles with HelpSystems, becoming President in 1998 and serving as CEO and Executive Chairwoman from 2007 until 2015.

HNA International Investment Holdings, Hong Kong - $50.4M, February 2016      
HNA International Investment announced that Wang Hao, CEO has resigned. The effective date is February 04, 2016. Mr. Wang Hao has stepped down as the Executive Director and has been redesignated as a Non - executive Director, and resigned as the CEO. The original duties of the CEO will be taken up by the Executive Director and the Executive President of the company, Mr. Xu Haohao.

PatientSafe Solutions, California - $28.6M, February 2016     
PatientSafe Solutions announced the appointment of company co-founder, Si Luo, to the position of president and CEO. Mr. Luo has played an integral role in the evolution of PatientSafe Solutions since its founding in 2009, and will continue to lead the company with an aggressive go-to-market strategy and a bold vision for the future of clinical mobility.

Medfusion, North Carolina - $20.9M, February 2016      
Medfusion announced that Kimberly Labow has been named CEO. Following senior executive positions at leading healthcare technology companies, including NaviNet and ZirMed, Labow rejoined the Medfusion team in 2015 as VP of Product Management and VP of Marketing. She now assumes the role of CEO, replacing Vern Davenport, who has recently announced his departure from the company.

SSH Communications Security, Finland - $20.5M, February 2016      
Tatu Ylönen started as CEO from February 17, 2016. Ylönen invented the SSH protocol and he has a long career at SSH Communications Security.  Ylönen is the founder of the company and has previously worked as COO Chief Innovation Officer and CEO of the company.

Acorn Energy, Delaware - $19.4M, February 2016       
Acorn Energy reported that its Board of Directors has appointed Jan Loeb the CEO of Acorn Energy. Loeb served as a director since August 2015, succeeds John Moore, who has served as President and CEO of the Company since 2006. Moore is departing as President and CEO to pursue his entrepreneurial interests.

Savvius, California - $18.6M, February 2016       
Savvius announced that Larry Zulch has been named CEO. Former CEO and co-founder of company, Tim McCreery, will assume the new role of executive chairman and chief strategy officer. Prior to joining company, Zulch was chief strategy and development officer at SQLstream.

OpenConnect Systems, Texas - $18.1M, February 2016         
OpenConnect announced that Mark Dailey has been appointed CEO, after having led the company as interim CEO since April, 2015. Since 2008, Dailey has served, as he continues to serve, on OpenConnect’s Board of Directors. Dailey, who also is a partner in Newport Board Group, specializes in managing internationally aspirational, growth-stage information technology companies.

RoodMicrotec NV, Netherlands - $11.3M, February 2016        
RoodMicrotec NV announced that it nominates Martin Sallenhag and Reinhard Pusch for appointment on 26 May 2016 as CEO/CTO and COO/CSO respectively, succeeding Philip Nijenhuis, who will retire on the same date.  Before joining RoodMicrotec, Martin Sallenhag was VP Engineering with Digital Imaging Systems and VP and General Manager with Samsung Electronics.

Observant Pty Ltd, Australia - $10.4M, February 2016  
Observant has announced the appointment of James A. Chambers as global CEO. Current CEO and co-founder, J. Matthew Pryor, will focus on the new role of CTO for the company. Most recently, Chambers served as Director of Marketing for Bayer CropScience.

Cambridge Cognition Holdings, UK - $9.8M, February 2016    
Cambridge Cognition Holdings plc announced the appointment of Steven Powell as CEO. With over 25 years of operational and investment experience in the pharmaceutical and life sciences sector, Steven joined the company as Head of European Operations in 2014.

Titan Logix, Alberta - $7.4M, February 2016      
Titan Logix Corp. announced that Douglas Carruthers has been appointed to the position of CEO for a two- year term running until January 31, 2018, which may be extended by the company’s Board of Directors for an additional one year. In addition, Mr. Carruthers has been appointed as a director of the company. Douglas has over forty years of management experience with complex business models. He is a skillful planner, communicator and team motivator.

OptimizeRx, Michigan - $7.2M, February 2016    
OptimizeRx Corporation have appointed William Febbo as CEO, replacing David Harrell, who will continue as Chairman. Before joining company, Mr. Febbo served as Chairman and Founder of Plexuus.

Zinwave, UK - $6.4M, February 2016      
Zinwave Ltd. announced the appointment of Scott Willis as CEO in a bid to drive the company’s next wave of growth in a buoyant wireless market. Willis comes to Zinwave as a recognized telecommunications leader and has over 30 years’ executive-level experience with leading technology firms and network operators including Ericsson, Nokia, BellSouth and Sprint. Previously, Willis was EVP, Chief Sales and Marketing Executive for Goodman Networks.

ClusterSeven, UK - $6.0M, February 2016 
ClusterSeven announces the appointment of Chris Gomersall as CEO. Before joining ClusterSeven he was CEO at Acunu.

Minds + Machines, Caribbean - $5.5M, February 2016  
Minds + Machines Group Limited announced that Antony Van Couvering is no longer the CEO of the Company. The Company's CMO, Toby Hall, has, subject to regulatory approvals, accepted the Company's offer to take on the role of CEO and lead the Group during this important period. Toby will join the Board in that capacity at the first Board meeting post completion of the requisite regulatory approvals at which point a further announcement will be made.

Yappn, New York - $2.3M, February 2016
Yappn Corp. announced that Edward P. Karthaus has been appointed as president & CEO. With over 30 years experience in the information technology, financial services and telecommunication industries, Mr. Karthaus will lead the advancement of Yappn’s growth strategy. Prior to joining Yappn, Mr. Karthaus was the COO of Teneda and previously as COO of Prophix Software.

Sitestar, Virginia - $2.0M, February 2016 
The board elected Steve L. Kiel as the President and CEO of the company. Since December 14, 2015 Mr. Kiel has served as the interim President and CEO of the company.

Circuit Electronic Industries, Thailand - $1.8M, February 2016         
Venture Incorporation Public Company Limited had announced the resignation of Mr. Pongpol Ruenkaew from the positions of Director, Executive Director and CEO, of which his resignation will be effective on 29 February 2016.Later, the Board of Directors which was held on 26 February 2016, resolved to approve Mr. Sawin Laosethakul to be Director, Executive Director, and CEO.

Datetix Group, Australia - $0.1M, February 2016
DateTix Group Limited announced that it has named DateTix founder, Michael Ye, as CEO. Michael Ye founded DateTix in 2013 and has led the company's strategic direction since its inception.

Orange Holding S.A., France, February 2016     
Orange announced they will have new CEOs as of May 1. Liudmila Climoc is replacing Jean-Francois Fallacher as the new CEO of Orange Romania. Fallacher will pursue other career opportunities at Orange Poland. Climoc has served as Orange Moldova CEO since 2008. She will be replaced in Moldova by Julien Ducarroz, which has been the Chief Commercial Officer at Orange Romania for seven years.

IBS AB, Sweden, February 2016   
International Business Systems (IBS) announced appointment of Jayne Archbold as CEO. Archbold is a seasoned executive with eighteen years of experience in the ERP sector, most recently at Sage Group plc, where she led the global mid-market and enterprise customer business. Archbold succeeds Steven Hargreaves, a Marlin Equity Partners Operating President who served as interim CEO following the acquisition of IBS by Marlin Equity Partners in July 2015.

Spectralink, Colorado, February 2016     
Spectralink Corporation announced that its board of directors has appointed Doug Werking as CEO. Werking is a seasoned executive with deep operations expertise and a strong history with Spectralink. He succeeds Dan Mondor who has left the company for personal reasons.

Infogain, California, February 2016        
Infogain Corporation announced that it has successfully completed the acquisition of Blue Star Infotech’s IT operations following its entry into a definitive purchase agreement on September 29, 2015. Under the agreement, Infogain and Blue Star Infotech are combined under Infogain. Sunil Bhatia, CEO and Managing Director at Blue Star Infotech Ltd., will join Infogain’s management team as its CEO designate, and will assume responsibilities as CEO of the combined entity on July 1, 2016. At that time, Kapil Nanda will transition to his role as full-time Executive Chairman.

Channel Technologies Group, California, February 2016        
Blue Wolf Capital Partners announced that its portfolio company, Channel Technologies Group has named Christopher E. Holmes as CEO. Mr. Holmes succeeds Ralph L. Phillips, who has served as the CEO of the Company since June 2013. Mr. Holmes has more than 30-years of experience in the aerospace and defense industries. Prior to joining Channel, Mr. Holmes was CEO at RM Techtronics.

Trintech, Texas, February 2016    
Trintech announced their board of directors has appointed Teresa Mackintosh as CEO. Ms. Mackintosh succeeds long-time executive Paul Byrne, who is retiring from Trintech after holding the company’s top office for the past seven years. Ms. Mackintosh joins Trintech from Wolters Kluwer, where she led the U.S. Tax and Accounting software business. She has held several senior leadership roles at Wolters Kluwer and Thomson Reuters for the past twenty years.

RxWiki, Texas, February 2016      
RxWiki announced that Christopher J. Loughlin has been appointed CEO and a member of the company's Board of Directors. Founder and current CEO, Donald Hackett, will remain a member of the company's Board of Directors. Loughlin previously served as CEO of Travelzoo.

Weedmaps Media, Colorado, February 2016     
Weedmaps announced that Doug Francis has been named CEO, succeeding Justin Hartfield, who is now board chairman for the Weedmaps family of companies. Francis had served as COO for the company since 2009.

Verge Solutions, South Carolina, February 2016 
Verge Solutions announced that its Board of Managers has appointed Dr. Mark Crockett as CEO as of February 1, 2016 and elected him to the Board. Previous Interim CEO Larry McTavish will continue to serve on the Board. Dr. Mark D. Crockett, MD, FACEP most recently served as Chief Medical Officer and SVP of Strategy and Innovation at Best Doctors.

Cascadia Consumer Electronics, British Columbia, February 2016
Cascadia Consumer Electronics Corp. announced the resignation of Rong Yuan as the president, CEO and a director of the company. The company announced the appointment of Di Deng as the president, CEO and a director of the company.

Great Bay Software, Minnesota, February 2016
Alpine Investors announced that it has named James P. Scullion new CEO at Great Bay Software. Most recently Scullion served as CEO at Bunchball, where he was the driving force in the company's growth, increased employee engagement and improved retention.

Guardian Analytics, California, February 2016   
Guardian Analytics announced Laurent Pacalin as the company's new President and CEO. Most recently, Mr. Pacalin served as Group VP of Oracle Sales Cloud where he pioneered the use of real-time mobile analytics for improving sales productivity and customer experience.

SoftKinetic International SA/NV, Belgium, February 2016     
SoftKinetic announced that Akihiro Hasegawa has joined the company as CEO. Bringing over 35 years of experience with Sony Corporation, Hasegawa's appointment follows Sony's acquisition of SoftKinetic in October 2015.

Flat World Education, Washington, DC, February 2016 
Flat World Education appointed Jade Roth as CEO. Formerly SVP Strategy and Content.

Tele2 Russia Telecom, Russia, February 2016   
Sergey Emdin has been hired as new CEO by Tele2 Russia. He takes up the role from Sergey Noskov. Previously, Emdin served at numerous firms as CEO in the energy sector. In his new role, Emdin would be assigned with the responsibility of extending Tele2's customer base in Russia and supervising the expansion of its network infrastructure.

Mercury Network, Oklahoma, February 2016    
Mercury Network appointed Will Clemens as CEO. He was executive chairman.

Koverse, Washington, February 2016      
Koverse announced the appointment of Jon Matsuo as President and CEO and Paul Brown as Chief Product Officer (CPO). Matsuo joins Koverse with a strong track record of building successful companies. Some of his prior responsibilities included leading global sales and services at Qpass (acquired by Amdocs for $275 million), being the President of Concur Technologies (CNQR), and being a General Manager of Delrina Corporation.

Flat World Education, Washington, DC,   February 2016        
Flat World Education announced that Jade Roth has been appointed CEO. Roth succeeds Christopher Etesse, who will continue to serve as an advisor to Flat World as needed. Roth joined Flat World as SVP, Strategy and Content in November 2015.

mercator, India, February 2016   
Mercator Solutions reported that Cormac Whelan has joined as CEO. Whelan brings to Mercator an enviable track record founding and developing market leading companies known for products and services, along with extensive experience and expertise in the airline and travel markets. He is currently the Chairman of Boxever and previously the CEO of Datalex PLC.

Skyware Global, North Carolina, February 2016 
Skyware Global announced that Mr. Andy Thomson has been appointed Skyware's CEO. Mr. Thomson brings more than 30 years of experience in manufacturing, engineering, supply chain management, sales, commercial and medical services and the defence and aerospace industries. Prior to this, he was the VP of Operations for EchoStar Technologies.

Norse Corporation, California, February 2016   
Norse Corp. named Howard A. Bain III the company’s new CEO and interim CFO. He replaces co-founder Samuel M. Glines, who has left the company. Bain has served on Norse’s Board of Directors since 2013. Throughout his career, he has developed extensive experience leading multi-national corporations. He served as Symantec Corp’s CFO in the 90’s, and also held that role at Portal Software, Vicinity Corp., and Informix. He was most recently Chairman of the Board and interim CEO at data storage products manufacturer Violin Memory.

Fundamental Applications, British Columbia, February 2016   
Fundamental Applications Corp. announced the appointment of Mr. Bradley Moore as CEO and a Director of the company. Mr. Moore replaces Mr. Richard Whitehead, former CEO and a former Director of the company. Mr. Moore brings 20 years of practical business leadership experience with Fortune 500 companies, including nine years with Eastman Kodak.

HashingSpace, California, February 2016
The Board of Directors of HashingSpace Corporation appointed Philip Rogers as CEO. Concurrently and since 2011, Mr. Rogers has been the CIO for Protocol Networks and he will continue to operate in both capacities.

Mobile Telecom Service, Kazakhstan, February 2016   
Tele2 Kazakhstan announced that it has appointed Roman Volodin its new CEO. Volodin will start working in his new position on 16 February. He comes from Tele2 Russia, where he was director for marketing and development.

Steampunk Wizards, California, February 2016 
The Board appointed Mr. Joshua O'Cock as the company's President, CEO, CFO, Secretary and Director, effective immediately. Prior to joining Steampunk Wizards in 2014 Josh worked as Chief Marketing Officer for a 3D-printing company in Malta. Josh has also worked in communications and marketing roles in London in both the arts and beverages sectors.

SecureCom Mobile, British Columbia, February 2016    
SecureCom Mobile announced that Roland Josef Bopp joined the company as Director, President & CEO. Prior to joining the company, Mr. Bopp served in leadership roles of major established, early stage and emerging telecom service organizations in the Americas and Europe.

The Video Call Center, New York, February 2016         
Video Call Center has named Larry Thaler to the new post of CEO, responsible for day-to-day activities of the technology and programming pioneer. Thaler reports to the company's founder and executive chairman, Tom Wolzien. Prior to joining as CEO, Thaler's work for VCC was through Positive Flux. Thaler had served as an executive at NBC Universal before founding Positive Flux.

Cicayda, Tennessee, February 2016        
Cicayda announced eDiscovery veteran Billy Hyatt as its new CEO. Hyatt is replacing Roe Frazer, a Cicayda Co-Founder and CEO for the past four years, who now will head up Business Development, as well as initiate an eDiscovery consulting group of attorneys, Frazer.Law.

YourPeople, California, February 2016    
Zenefits announced that CEO and co-founder Parker Conrad resigned amidst much speculation as to the cause. In his place, former PayPal executive David Sacks steps in. Sacks emphasized that the company must not seek to downplay wrongdoing, but to acknowledge it and pledge to do better. One of the measures the new CEO highlighted was the appointment of a former federal prosecutor, Josh Stein, as Chief Compliance Officer.

Spiral Energy Tech., New York, February 2016  
On January 29, 2016, Ezra Green resigned as CEO and member of board of directors of Spiral Energy Tech. Concurrently with the resignation of Ezra Green, board of directors appointed Elliot Maza to serve as new CEO and as a member of Board of Directors. In addition, Mr. Maza will continue to serve as CFO. Elliot Maza, JD, CPA, has served as Consulting CFO since August 5, 2015. Currently, Mr. Maza serves as Chairman of the Board of Directors, CEO and CFO of Intellect Neurosciences.


 Recent Vell Placements

For Specific bios and announcements, please refer to Vell Website

vArmour, Security Software - Board Member
$70m EdTech SaaS Co. - SVP Sales & Services
$70m EdTech SaaS Co. - CTO
Secure Document Company SaaS - CIO  (with strong Security)
Quantum Computing Company, CFO 
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)    
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 – Vice President
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Ajanta Banerjee – Business Research Associate
Tori Agel – Marketing Coordinator

Read 3228 times Last modified on Tuesday, 20 March 2018 11:36
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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