New Technology CEO Stats
New Tech CEO Openings:12 - The Priceline Group (CT), Symantec (CA), Marvell Technology Group (Bermuda), Cypress Semiconductor (CA), GB Group (UK), Tecnotree (Finland), Temple & Webster (Australia), Europtronic Group (Singapore), VerifyMe (India), Interups (NY), VGTel (NY), Compliance Science (NY).
Sources of Appointments: 42 were External appointments, and 55 were internal promotions – Chair/Director (5), iCEO (3), COO/President/EVP-Operations (17), Divisional execs (5), Founders (2), Others (24)
Others: former execs, CFOs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, Leaders from acquired companies, etc.
Diversity: 6.8% of the appointments are women CEOs. Astro Malaysia (Malaysia), Varitronix International (Co-CEO, Hong Kong), Professional Diversity Network (Illinois), Eventbrite (CA), TaskRabbit (CA), VCCircle Network (India), TechSmith (MI), were seven companies out of 97 appointing women CEOs.
Geographic Distribution: 52 in the US, 1 in Canada, 20 in Europe and 21 in Asia/Russia
The average and median times open CEO roles have been open are about 5 months, and there is little variance by continent. The longest open searches are:
#1 - TeleCity Group, London, UK - $529.6M, September 2014
#2 Shanda Games Limited, China - $714M, November 2014
#3 - Atmel Corporation, San Jose, CA - $1.4B , May 2015
#4 - Wi-LAN, Ottawa, Ontario - $98.3M, June 2015.
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MTN Group Limited, South Africa - $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.
The Priceline Group, Connecticut, $9.22B, April 2016
The board of directors of The Priceline Group Inc. appointed former CEO and current chairman Jeffery H. Boyd as interim CEO and president, while the board conducts a search to name a successor. The appointment followed the resignation of Darren Huston as president, CEO and director.
Symantec Corporation, California, $6.17B, April 2016
Symantec Corporation announced that Mr. Michael A. Brown will be stepping down as President and CEO. Mr. Brown will continue to serve as CEO and as a director of the Company until a successor has been appointed.
Marvell Technology Group, Bermuda, $2.96B, April 2016
Marvell Technology Group Ltd. announced the departure of CEO Sehat Sutardja and President Weili Dai from their management positions. Dr. Sutardja and Ms. Dai will remain on the board of directors, with Dr. Sutardja continuing as chairman. The board, in conjunction with a leading executive search firm, will conduct a search for a new CEO and President. The board has formed an interim office of the chief executive to oversee day-to-day leadership of the company's operations. The interim office of the chief executive will be headed by Ms. Maya Strelar-Migotti, EVP, Smart Networked Devices and Solutions (SNDS) Business Group and Dr. Pantelis Alexopoulos, EVP of the Storage Business Group, as interim co-CEOs.
Cypress Semiconductor, California, $1.81B, April 2016
Cypress Semiconductor Corp. announced that its CEO, T.J. Rodgers, will step down. In the interim, daily operational activities will be taken over by an Office of the CEO comprised of four current Cypress EVPs: Hassane El-Khoury (EVP, Programmable Systems Division), Dana Nazarian (EVP, Memory Products Division), Joe Rauschmayer (EVP, Manufacturing) and Thad Trent (CFO). Rodgers will remain on the Cypress Board and become a project leader working on key technical projects.
Optimum Telecom Algeria, Algeria, $1.78B, March 2016
Global Telecom Holding S.A.E. announced that Ghada Gebara will be moving from the role of Djezzy CEO to VimpelCom Headquarters.
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.
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.
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.
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.
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.
exceet Group, Luxembourg, $197.20M, March 2016
Ulrich Reutner has decided to resign as CEO of exceet Group SE and from related functions for private reasons on 1 March 2016. He will continue to support exceet until the end of 2016 to ensure a smooth transition and to support the planned divestment of the IDMS segment with his experience in this market. The CFO of exceet, Wolf-G\xFCnter Freese, will act in addition to his duties as CFO, as CEO ad interim with immediate effect.
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.
Global Sources, Hong Kong, $162.10M, March 2016
Global Sources announced that CEO Spenser Au is retiring. He will remain engaged until the end of the year to assist the company in transitioning to a successor.
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.
GB Group, United Kingdom, $100.5M, April 2016
GB Group plc announced that, after 13 years as CEO of GBG, Richard Law has formally decided to retire and asked the board to start the search for a successor. Richard has family matters that need his attention and these can be best served by him following a more flexible portfolio career once his commitments to GBG have been fulfilled.
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.
Tecnotree, Finland, $82.4M, April 2016
Tecnotree has announced the resignation of Ilkka Raiskinen as CEO following its application for a restructuring programme designed to stave off bankruptcy. Tecnotree appointed the EVP MEA & APAC Padma Ravichander as Interim CEO as of April 18, 2016. Ravichander has been with Tecnotree for a duration of 5 years. Previously she assumed a position as Head of the Unit of Consulting and Outsourcing at Mercer.
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.
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.
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.
Temple & Webster, Australia, $24.0M, April 2016
Board of Temple & Webster Group Ltd. has accepted the resignation of Brian Shanahan as CEO and also appointed Mark Coulter, current COO as Interim CEO.
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.
Anoto Group, Sweden, $22.80M, March 2016
Anoto Group AB (publ) appointed Joonhee Won a new interim CEO. Joonhee Won, who has served on the board of Anoto for three years, will assume the role as an interim CEO while Tom Webb, who was recruited to Anoto in September 2015 as SVP in product management, will become the COO. Stein Revelsby will resign from office with immediate effect after five years as CEO. He will receive 6 months of salary under the terms of his employment contract. The recruitment process of finding a long-term alternative as CEO will be initiated within a few months.
Publishing Technology, UK - $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.
Europtronic Group, Singapore, $18.7M, April 2016
Europtronic Group Ltd. announced the resignation of Mr. Huang Chien-Hung as CEO and Executive Director of the company with effect from 8 April 2016. In the interim period, the duties of the CEO would be undertaken by the Vice Chairman the Company, Mrs. Huang Chuang Shueh-Ou.
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.
LRAD, California, $15.20M, March 2016
Tom Brown, the company's President and CEO, is resigning from the company. The company's Board of Directors has initiated a replacement search. Mr. Brown joined the Company as a member of the Board in March 2006 and became President and CEO in August 2006.
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.
SpendSmart Networks, California, $6.46M, March 2016
Alex Minicucci resigned his position as CEO and was appointed to the position of Chief Strategy Officer. The Board of Directors appointed Chairman Jerold Rubinstein to the position of interim CEO. Mr. Rubinstein will serve as interim CEO until the appointment of a permanent CEO. Mr. Rubinstein has served as a member of the Board of Directors and Chairman of the company's Audit Committee since October 2013.
Birdstep Technology, Norway, $6.37M, March 2016
Lonnie Schilling, the CEO of Birdstep Technology ASA will step down from his position as the company's CEO. Mr. Schilling will continue to serve as the company's CEO for the notice period of six months, which starts on April 1, 2016.
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.
Kollakorn, Australia, $0.21M, March 2016
Kollakorn Corporation Limited advised that Mr. Richard Sealy has tendered his resignation as a director and CEO of the Company. Richard expressed his desire to step down from his management role in the Company was due to deteriorating health. He resigned as Managing Director of the Company on 31 March 2015, and agreed to enter into a one-year consulting contract in order for the Company to arrange a seamless transition to a new CEO, up until 31 March 2016.
VerifyMe, India, $0.2M, April 2016
VerifyMe announced that Paul Donfried has resigned as President and CEO of the Company as well as his positions as a director on the Company's Board of Directors in order to pursue other business and personal interests. Donfried has agreed to assist the Company in making a smooth transition to new leadership.
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.
Kashin, Nevada, $0.01M, March 2016
On February 28, 2016 in a Consent to Action in Lieu of a General Meeting of the Shareholders of Kashin to remove and terminate Carl Maybin II as the CEO and as a Director, Richard Dryer as the CIO and as a Director, to appoint Richard Specht as the Interim CEO, Interim CFO and Interim President and to appoint Scott Kline as the CIO and as a Director.
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.
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.
Globecomm Systems,New York, March 2016
Globecomm Systems announced that Keith A. Hall is stepping down as CEO and that Current CFO, Jason D. Juranek, will serve as Interim CEO. Mr. Hall will continue to be a resource for the Company during this interim period to ensure a smooth transition.
Trendit, Israel, March 2016
The Board of Directors of Trendit announced the appointment of Lior Romano as Executive Director. Mr. Romano will also act as interim CEO until a permanent replacement is appointed. Mr. Romano is also CEO of Contacts+. Benny Saban, CEO of the company, has notified the Board of his resignation from his role as CEO and as a member of the company's board.
Gulf Bridge International, Qatar, March 2016
Gulf Bridge International has announced the appointment of Amr Eid as acting CEO. Eid will take on the job effective immediately, in addition to his role and responsibilities as chief commercial officer.
Interups, New York, April 2016
Until April 26, 2016, the company's sole director and officer was Likhitha Palaypu, who resigned as an officer, and is the daughter of Laxmi Prasad, formerly the company's majority shareholder. The company appointed Hadley W. Donenberg as Director, Interim CEO. He relocated to the United States in 1994 and formed Haddon Corporation, which has long-standing business and legal relationships in many countries, including offices in South Africa, Bulgaria, United Kingdom and Peru. In addition, through Mr. Donenberg's status as a former national Chairman of the Jewish National Fund of South Africa, and as former President of the Chicago/South Africa Chamber of Commerce, he has excellent access to owners of hedge funds, high net worth individuals, and other persons with global influence.
VGTel, New York, April 2016
VGTel announced that effective August 31, 2015, the interim management team, consisting of Amilya Antonetti, interim CEO, and K. Bryce Toussaint, interim President elected not to renew the 90-day interim management contract, and as of August 31, 2015, Ms. Antonetti and Mr. Toussaint are no longer affiliated with the company. The Board of Directors is seeking replacements for both President and CEO positions.
Compliance Science, New York, April 2016
Compliance Science announced co-founder and CEO Mitch Kraskin has stepped down from his role as CEO. Effective March 29, David Eisner, a board member since March 2015, has assumed the role of executive chairman of Compliance Science and will be responsible for the company's operations and appointment of the next CEO. Michael D Angelo continues in his senior executive and board roles. Mr. Kraskin remains a non-executive board member of the company he co-founded in 2003.
Tech Companies: CEOs Appointed
This is the detailed version of CEOs Appointed in the month April 2016.
- Jeff K. Storey, the President and CEO of Level 3, has returned from his medical leave of absence and has resumed his duties as Level 3's President and CEO. Sunit S. Patel, who served as interim CEO and interim principal executive officer during Mr. Storey's medical leave of absence, continues to serve as Level 3's EVP and CFO and principal financial officer.
- The Overstock.com board of directors has appointed the company’s General Counsel and SVP Mitch Edwards to the role of acting CEO, effective immediately. This appointment comes after company founder Dr. Patrick M. Byrne announced his decision to take a medical leave of absence. The role is not yet open it seems.
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