Monday, 20 July 2020 15:46

Vell Recruits Chairman/iCEO for Carbonite (NASDAQ:CARB) Featured

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Stephen Munford

Member of the Board of Directors

(Promoted to Chairman and interim CEO)

> Location: Greater Boston Area, MA
> Industry: SaaS
> Other experience: Chairman, Sophos | CEO, Sophos
> Ownership: Public (NASDAQ: CARB)

BOSTON, MA and Vancouver, BC– Stephen Munford, non-executive chairman and former CEO, Sophos, was announced today as a new member of the Carbonite (NASDAQ:CARB) board. Carbonite, Inc. is a leading provider of cloud solutions that keep small businesses and home offices running smoothly.

"As CEO, Steve led Sophos Ltd. through a transition from an anti-virus company to a leader in the security industry. Sophos more than tripled its bookings to a record $400M under Steve's leadership," said David Friend, CEO and Chairman, Carbonite. "His guidance will be invaluable as Carbonite continues to shift its focus to the small and medium business market and increase its investment in the channel."

"I'm excited to bring my experience in leading major strategic shifts to Carbonite's board of directors," said Munford. "Carbonite has the vision, people and resources in place to bring the best products and resources to its small business customers and partners." Munford joined Sophos Ltd. in 2003 as president of North America after it acquired ActiveState, where he also served as president. Munford was appointed CEO in January 2006 and Sophos Ltd. experienced rapid growth under his leadership. Prior to ActiveState and Sophos Ltd., Munford held senior positions at Seanix Technology and Coopers & Lybrand.

Munford has a bachelor's degree in economics from the University of Western Ontario and an MBA from Queen's University.

About Carbonite

Carbonite (NASDAD: CARB) is a leading provider of cloud and hybrid business continuity solutions for small and midsized businesses. Together with their partners, they support more than 1.5 million individuals and businesses around the world who rely on them to ensure their important data is protected, available and useful. To learn more about Carbonite, their partner program, and their award-winning backup, recovery and archiving solutions, visit them at

Read 908 times Last modified on Wednesday, 28 April 2021 11:00
Dora Vell

Managing Partner

Dora Vell is the CEO of Vell Executive Search, a boutique executive search firm in Boston that recruits technology executives and board members for companies ranging from promising tech startups to Fortune 100 companies. Throughout her 22-year career in executive search, she has successfully completed hundreds of assignments, placing board members, CEOs, COOs, CIOs, technology officers, vice presidents and many other C-level executives. Vell’s clients span both private and public companies and her work has included searches in markets large and small across the U.S. and Canada.

Prior to founding Vell Executive Search in 2005, she was a partner at the executive search consulting firm Heidrick & Struggles for seven years. She started in the Technology Practice in the Toronto office, became the firm’s Technology Practice leader for Canada, and then joined the firm’s Boston office.

Before her career in executive search, Vell worked for 11 years at IBM Canada in software-related roles of increasing responsibility. She started as a software engineer, managed a software engineering team of 100, and then led software sales for IBM Canada. She holds seven worldwide software patents. This deep industry understanding has helped Vell Executive Search become a recognized leader in finding senior executive and board talent for software and SaaS companies.

Vell is a recognized industry thought leader who has published several reports on governance and leadership topics. She has been frequently quoted as an expert on executive and board leadership by outlets such as 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 has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell has been a Fellow of the National Association of Corporate Directors (NACD) and the Boston CEO Roundtable. She has served on the boards of Framingham State University, Entrepreneur's Organization, Goodwill, Mary Centre for Developmentally Handicapped Adults,, and RBC Capital Partners.

The trilingual daughter of a diplomat, Vell grew up in Canada, Greece, France, Switzerland and China. Her unique multicultural and international perspective, experiences as a woman in the male-dominated software field, and insights as a dual Canadian and U.S. citizen inform all her work for clients.

Vell received an MBA from the University of Toronto, a master’s in Computer Science from the University of Waterloo, and a bachelor’s in Computer Science from Carleton University.  She has also completed the MIT Entrepreneurial Master’s program.

Areas of Practice:

  • C-Level Technology Executives
  • CEOs, CROs, Heads of Sales, Heads of Marketing, Chief Product Officers
  • Technology Officers: CTOs, CIOs, Heads of Engineering, CISOs, Chief Data Officers
  • Board Directors
  • Diversity Executives and Board Directors
  • Canadian Executives and Board Directors


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