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Technology CEO's Wanted and New Executive Roles Filled Featured

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Detailed Version of Newsletter for month ended July 2016

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of July 2016.

The average length of time the CEO searches have been open is 6.5 months, up from 5 months earlier this year. There is little variance across geographies.

Total Tech CEO Roles Open:130
New Tech CEO Appointments:78 (2 women, 76 men)

New Technology CEO Stats

New Tech CEO Openings:13 – Avnet (AZ), Torstar (Canada), Great Elm Capital Group (MA), LOGIX Communications (TX), Ericsson (Sweden), William Hill (UK), NLY Scandinavia (Sweden), Pocket App (UK), (UK), Ericsson Power Modules (Sweden), 8Telecom International Holdings (China), B.S.D. Crown (Israel), (Australia)

CEOs Appointed

Sources of Appointments: 40 were External appointments, and 38 were internal promotions – Chair/Director (5), COO/President/EVP-Operations (10), CFOs (4), Divisional execs (3), iCEO (4), Others (12)

Others:  founders, former execs, CFOs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, and Leaders from acquired companies, etc.

Diversity: 2.56% of the appointments are women CEOs. Gravity4 (CA) and PagerDuty (CA).

Geographic Distribution47 in North America, 16 in Europe, 15 in Asia/Russia/Australia.

The average and median times open CEO roles have been open are about 6.5 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.     

Want to keep up to date? Get more updates on new board members (Tech execs on tech and non tech boards; women board members), on new execs/board updates for the Giants, the software industry, and many more. A summary of Vell Research Reports and board/exec updates can be found here. Vell Research Reports and Exec/board moves.

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.

In this Edition

Tech Companies - CEO Roles Open
Tech Companies - CEO Roles Announced
Vell Research Reports and Summary Updates
Vell Executive Search Recent Placements
Vell Executive Search Team

You can subscribe to our Open Roles Newsletters and research reports.

Tech Companies: CEO Roles Open

 This is the detailed version of the Open CEO roles
Ericsson, Sweden - $28.2B, July 2016
Ericsson (ERIC) announced Hans Vestberg resigned as President and CEO and member of the Board, with immediate effect. Jan Frykhammar, Executive Vice President and CFO, will assume the CEO position until a new CEO is in office. Carl Mellander, currently VP & Group Treasurer, is appointed acting CFO with immediate effect.
Avnet, Arizona - $26.8B, July 2016
Avnet announced that William J. Amelio, a member of Avnet’s Board of Directors, has been named as interim CEO of the company. Amelio is replacing Rick Hamada, who is stepping down from his position at the company and on the Board of Directors. Mr. Amelio was the president, CEO and a director of CHC Group Ltd, from 2010 to 2015. From 2005 to 2009, he served as president and CEO of Lenovo.
The Priceline Group, Connecticut - $9.6B, June 2016
The Priceline Group announced that COO Brett Keller has been named Interim CEO of Paul J. Hennessy, who has acted as CEO of since 2015, has resigned to pursue an ecommerce opportunity outside of the travel space.
Sabre, Texas - $3.1B, June 2016 
Sabre Corporation announced that Tom Klein, President and CEO, intends to resign. Klein will resign from the Board of Directors of the Corporation effective as of December 31, 2016.
William Hill, UK - $2.4B, July 2016

The Board of William Hill PLC announced that James Henderson is stepping down as CEO with immediate effect. Philip Bowcock, CFO, has been appointed as Interim CEO. The search for a permanent replacement has been instigated.

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.

T-Mobile Netherlands B.V., Netherlands - $1.8B, June 2016
Deutsche Telekom announced a complete revamp of its management team at T-Mobile Netherlands. The new Dutch team will see its CEO named this summer, as the current CEO Mark Klein is leaving in September to join Ergo.

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.

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.

Torstar, Ontario - $565.3M, July 2016
Torstar Corporation announced that David Holland has decided to retire as President and CEO of Torstar Corporation later this fall. Torstar has initiated a search to fill the joint position of President and CEO of Torstar and Publisher of the Toronto Star. Mr. Holland has worked in a number of divisions within Torstar since 1986, and has served as President and CEO for the past seven years.

TESSCO Technologies, Maryland, $530.7M , May 2016
TESSCO Technologies  announced launched a CEO succession plan and are now engaged in a search for a new CEO with experience in achieving superior profitable growth through innovative marketing, sales and productive operations. The company expects the new CEO to be hired sometime during fiscal year 2017. In the meantime, Bob Barnhill remains the CEO, firmly dedicated to driving performance.

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.

Tangoe, Connecticut, $219.4M , May 2016
Tangoe announced that Albert R. Subbloie, Jr. resigned from his positions as President and CEO and as both a member and Chairman of the Board of Directors. On May 2, 2016, the Board appointed James D. Foy, one of the company's directors, as Acting CEO.

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.

3i Infotech, India - $175.0M, June 2016
3i Infotech announced that Mr. Madhivanan Balakrishnan, Managing Director & Global CEO of the company has decided to step down. Padmanabhan Iyer, Director and CFO of the company shall be designated as the acting CEO of the company in addition to his current role.

First Sensor, Germany, $163.1M, May 2016
First Sensor AG announced that CEO Dr. Martin U. Schefter to leave the company.

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.

Pricer, Sweden, $109M, May 2016
Pricer AB announced the resignation of Jonas Vestin as President and CEO. The Board of Directors of has appointed Charles Jackson as acting CEO. Charles Jackson has been with Pricer during the period 2002 - 2010 and returned to the position of EVP in 2014.

GB Group, U.K, $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.

8Telecom International Holdings, China - $83.1M, July 2016
8Telecom International Holdings Co. Ltd. Announced that resignation of Ye Tianyun as Executive Chairman and CEO of the company, effective from July 26, 2016.

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. Ravichander has been with Tecnotree for duration of 5 years.

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.

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.

Ensogo, Hong Kong - $43.6M, June 2016
The Board of Ensogo advised that it has accepted the resignation of CEO, Mr. Kris Marszalek. Marszalek is a co-founder of E88 and has been the CEO since August 2014. The Board is yet to announce the appointment of a new CEO.

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.

zamano, Ireland, $26.400M , May 2016
The Board of zamano plc announced that Ross Conlon has tendered his resignation as CEO and director of the company with effect from May 9, 2016 to pursue other interests. Ross has agreed to facilitate a smooth handover. The board will immediately commence a process for the appointment of a new CEO of the company.

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

Nexgram Holdings Berhad, Malaysia - $24.7M, June 2016
Nexgram Holdings Berhad announced the resignation of Mr. How Han Lun as executive director and interim CEO of the company with immediate effect.

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. Stein Revelsby will resign from office with immediate effect after five years as CEO. The recruitment process of finding a long-term alternative as CEO will be initiated within a few months.

Photon Control, Canada - $21.5M, June 2016
Christopher Weston has stepped down as President and CEO and has resigned from the Board of Photon Control. Michael Goldstein, Deputy Chairman of the Board, has been appointed Chairman and Acting CEO.

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.

Panoramic Universal Limited, India - $21.20M, January 2016
Panoramic Universal has announced that Mr. Babu Iyer intimated about his intention to resign as Director from the Board of the Company and as Managing Director of the Company.

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.

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.

Image Sensing Systems, Minnesota - $15.2M, June 2016
Image Sensing Systems announced that Dale Parker has resigned as CFO, Interim CEO, COO and Director. The board has appointed Chad Stelzig as Interim CEO. Mr. Stelzig has most recently served as VP of Engineering of ISS in addition to his prior position as Director of Algorithm and Software Engineering at the Company.

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.

RiT Technologies, Israel - $13.2M, June 2016
RiT Technologies  announced that Yossi Ben Harosh has resigned from his position as the President and 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.

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.

Spectra7 Microsystems, Canada, $6.07M, May 2016
The Board of Directors of Spectra7 Microsystems  announced with great sadness, the sudden death of its President and CEO, Tony Stelliga. Dave Mier, CFO, and Cynthia Cole, VP, General Counsel and Corporate Development, have been jointly appointed by the Board on an interim basis to lead the company's management team overseeing daily operations and corporate strategy. Mr. Mier and Ms. Cole will act in such capacity until the Board identifies an appropriate candidate for the position of President and CEO.

Great Elm Capital Group, California - $4.5M, July 2016
On July 18, 2016, Mr. Richard S. Chernicoff was appointed, on an interim basis, as CEO of the Great Elm Capital Group. Mr. Chernicoff will remain a member of the company's board of directors.

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.

Spindle, Arizona - $0.6M, June 2016
Spindle named Michael J. Schwartz as its Interim CEO. Schwartz replaces Bill Clark who has held the CEO role since 2011. Prior to joining Spindle, Schwartz was Chief Technology Officer, International Group of Fiserv.

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.

VidWrx, Canada - $0.4M, June 2016
VidWrx announced that CEO Steve Hancock was injured in a cycling accident on June 8. Steve is currently hospitalized with serious injuries the full extent of which is still being assessed. As a result the Board of Directors announced that Steve will be stepping down as CEO and Director of the Company., Australia - $0.3M, July 2016
Founder and Managing Director of, Mr. Mark Woschnak, has announced that he is stepping down as Managing Director and CEO of Limited and its associated entities. Mr. Greg Bader, who has been providing strategic consulting services to RENT, will assume the interim CEO role while a thorough recruitment process is undertaken by the board.

Vogogo, Canada - $0.2M, June 2016
Vogogo announced that Geoff Gordon will be resigning as President and CEO. Mr. Gordon has also indicated his resignation from the board of directors of the Company.

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, U.K - $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.

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.

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 appointed 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 appointed 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.

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.

Dyn, New Hampshire, May 2016
Jeremy Hitchcock, who co-founded Dyn, resigned as CEO. No one was named CEO. Jim Baum, who was named as chairman of the privately held company's board of directors in January, will be executive chairman.

CÜR Media (OTCPK:CURM), Connecticut, May 2016
CÜR Media appointed James Urie as Executive Chairman of the Board and as Interim president and Interim CEO, to assume the duties previously performed by Mr. Brophy, to serve until his successor shall be duly appointed, unless he resigns, is removed from office, or is otherwise disqualified from serving as an officer and a director of the Company. 

ZipLocal, Canada, May 2016
ZipLocal announced that the Board of Directors has approved the appointment of Raj Ravindran, CFA, MBA, Ph.D as Interim CEO and Interim CFO.  Both positions were vacant as a result of the resignations of Paul Van Damme as CFO and Director, and Kevin Dane as CEO and Director.

MediaWorks Integrated Systems, California, May 2016
MediaWorks said the board had accepted Mr. Mark Weldon's resignation as CEO.

Ubiquity, California, June 2016
Ubiquity announced that on June 8, 2016, Nick Mitsakos, who is presently Co-Chairman has been appointed as Interim CEO and will remain as Co-Chairman of the company. Mr. Carmichael who has served the dual roles of CEO and Creative Architect will relinquish the role of CEO and will remain Co-Chairman and will continue to serve as Chief Creative Architect of the company.

Gateway Media, Missouri, June 2016
Gateway Media announced that Gabe Douek CEO has left the company.

Lavu , New Mexico, June 2016
Marc Chesley has stepped down as the CEO of Lavu. Chesley confirmed that he left Lavu June 9, 2016.

HGS Colibrium, Georgia, June 2016
HGS Colibrium’s Board of Directors announced that Mark Poling has resigned as CEO and is leaving as a founder to pursue other interests.

Quikflo Health, Canada, June 2016
QuikFlo Health announced that it has, subject to regulatory approval, appointed David Lane as a director and interim CEO. Mr. Lane has significant experience as a director and officer of various public companies across various industry sectors.

chatAND, New York, June 2016
chatAND has appointed Victoria Rudman as the Interim CEO of the company. Ms. Rudman currently also serves as the CFO. 

WordLogic, Canada, June 2016
Frank Evanshen hereby resigned from the Board of Directors and the position of CEO and President of WordLogic.

NLY Scandinavia, Sweden, July 2016
Qliro Group AB (publ) announced that Magnus Mansson intends to step down as CEO of Nelly. Magnus will remain in his current role until further notice and has a six month notice period. Magnus Månsson will assume the role of CEO of Gina Tricot after he has concluded his assignment at Nelly.

Pocket App, UK, July 2016
Pocket App has announced that Hugh Griffiths, a former Director of Mobile Services at Microsoft, has been appointed as Interim CEO. Paul Swaddle, the incumbent CEO, has taken up the position of Chairman and will continue to drive innovation and development, marketing and product marketing., UK, July 2016
The Board of Directors of Coinsilium Group Limited appointed Mr. Mark McDonnell as interim CEO of its investee company operating as Magnr. Mark has over 25 years' experience in the Financial Services Industry and has held senior positions at Lehman Brothers, AIG Financial Products and Bank of America Merrill Lynch. Mark is a director of Sherpa Millbank Ltd. and is a founding partner of EMx Capital Strategies LLC.

Ericsson Power Modules, Sweden, July 2016
Ericsson has announced the departure of Hans Vestberg as the president, CEO and member of the board of directors. Jan Frykhammar, EVP and CFO, will assume the CEO position until a new CEO is in office.

LOGIX Communications, Texas, July 2016
Astra Capital Management closed on its acquisition of Logix Communications. Matt Asmus, previous CEO of Logix, and Craig Sheetz, previous CFO, left the company as part of the sale. Astra partner Matt Murphy was named chairman and interim CEO of Logix. 


Tech Companies: CEOs Appointed


This is the detailed version of CEOs Appointed in the month July 2016. 

Citrix Systems, Florida, Massachusetts - $3.4B, July 2016
LogMeIn and Citrix Systems announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrix’s GoTo business in a reverse morris trust transaction. LogMeIn’s Bill Wagner will continue in his role as President and CEO, and LogMeIn’s Ed Herdiech will serve as CFO. Michael Simon, former CEO and current Chairman of the Board of LogMeIn, will remain in place as Chairman of the combined company’s Board.

Orange Belgium, Belgium - $1.4B, July 2016
The Board of Directors of Orange Belgium has decided to appoint Michael Trabbia to the position of CEO as from September 1st 2016. Michael Trabbia joined Orange in January 2011 and became Group SVP for Corporate Public Affairs.

Jack Henry & Associates, Missouri - $1.3B, July 2016
David B. Foss named President and CEO of the Company, and John F.  Prim resigned from his role as CEO and assumed the role of Executive Chairman of the Company.

ePlus, Virginia - $1.2B, July 2016
ePlus  announced that its Board of Directors has promoted Mark P. Marron to CEO and President. Mr.  Marron succeeds Phillip G. Norton, who will assume the new position of Executive Chairman. Marron is currently COO of ePlus  and President of ePlus Technology.

Pakistan Mobile Communications, Pakistan - $901.3M, July 2016
VimpelCom and Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah announced the completion of the transaction to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid), creating Pakistan's next generation digital telecommunications provider. With the completion of the merger transaction, Mobilink now enters the next major phase of its transformation and CEO Jeffrey Hedberg will hand over the CEO role of Mobilink and Warid to Aamir Ibrahim, currently Chief Commercial Officer and Deputy CEO of Mobilink.

Dialog Axiata, Sri Lanka - $533.4M, July 2016
The Board of Directors of Dialog Axiata have named Supun Weerasinghe as the successor to Dr. Hans Wijayasuriya from January 1, 2017.Weerasinghe joined the Dialog Group in 1999 and occupied several management positions in the Group prior to being appointed to the position of Dialog's Group COO in 2010.

Kontron, Germany - $489.9M, July 2016
Sten Daugaard is taking over the position of CEO effective immediately. Daugaard, originally from Denmark, has held various management positions in his home country, the US, and Germany, and has extensive experience with restructuring companies.

Computer Task Group, New York - $346.6M, July 2016
CTG announced that its Board of Directors has appointed Arthur (Bud) Crumlish as the company's President and CEO and a member of the Board of Directors. Crumlish joined CTG in 1990 and since July 2001 has served as SVP and General Manager of Strategic Staffing Services (SSS).

AVEVA Group, UK - $290.2M, July 2016
The company announced that Richard Longdon will step down from his role as CEO and as a Director of the company with effect from December 31, 2016. The board of company announced that James Kidd, CFO, has been appointed as deputy CEO with immediate effect and he will assume the role of CEO with effect from January 1, 2017.

Schaffner Holding, Switzerland - $200.2M, July 2016
On 15 July 2016, Schaffner Holding AG announced the leaving of the long-term CEO of the Group, Alexander Hagemann, with immediate effect. He is said to pursue new challenges outside of the company. Ad interim, the Group's CFO Kurt Ledermann, who has been with the company for more than 8 years, will take over as CEO.

United Online, California - $145.3M, July 2016
B. Riley Financial has completed the acquisition of United Online As part of the transaction, Robert J. (Rusty) Taragan will be rejoining United Online as its CEO. Rusty previously spent 15 years at United Online, and its predecessor company NetZero, most recently as the President of its Communications Segment.

Beetel Teletech Limited, India - $127.9M, July 2016
Brightstar Corp. appointed Deval Parikh as the CEO and Director of Beetel Teletech Limited, effective immediately. Parikh has more than two decades of experience in the telecommunications and technology domains in both Silicon Valley (U.S.) and India, with focus on marketing, product management, engineering, supply chain and sales. 

Bell Techlogix, Indiana - $98.4M, July 2016
Bell Techlogix appointed Ron S.  Frankenfield as CEO effective July 18, 2016. Mr.  Frankenfield joins the company from Unisys where he was president of the Global Services business.

ExtraHop Networks, Washington - $64.8M, July 2016
ExtraHop announced three key leadership changes, readying the company for its next phase of growth. First, the company has appointed Arif Kareem, former president of Fluke Networks and networking and telecommunications industry veteran, as its new CEO.

Pronto Software, Australia - $56.6M, July 2016
Pronto Software Limited appointed existing COO, Chad Gates as Managing Director succeeding David Jackman from 15 July 2016. During his 17-year tenure, David Jackman has tripled the size of Pronto Software.

TeamTalk, New Zealand - $39.5M, July 2016
TeamTalk Limited has appointed Andrew Miller to be its new CEO. Andrew Miller will take up the role in early September. He is currently the Commercial Business General Manager at Callaghan Innovation.

Lone Wolf Real Estate Technologies, Ontario - $38.4M, July 2016
Lone Wolf Real Estate Technologies  appointed Patrick Arkeveld as its new CEO. Lorne Wallace, founder and former CEO of Lone Wolf, will assume an active role as Executive Chairman. Arkeveld served as President of Lone Wolf for the past year.

dotDigital Group, UK - $35.7M, July 2016
dotdigital Group Plc announced that Simone Barratt will not be returning to the business following a period of illness. Milan Patel, currently interim CEO, has formally been appointed as CEO with immediate effect.

Fahrenheit IT; Global Employment Solutions, Colorado - $28.5M, July 2016
Global Employment Solutions and Fahrenheit IT announced that Howard Brill who has led the company for the past 16 years is moving to the role of Executive Chairman and Wayne Cavanaugh who has served as the company’s CFO, COO and President has been promoted to CEO.

Infogain India, India - $20.9M, July 2016
India Infogain has named Sunil Bhatia as CEO effective July 1, 2016. Mr. Bhatia has held the position of CEO Designate at Infogain since the completion of Infogain.

eHarmony, California - $19.3M, July 2016
eHarmony announced that it has selected long-time VP and member of the original eHarmony team, Grant Langston, as CEO. Founder and CEO, Dr. Neil Clark Warren, will retire as CEO and remain eHarmony chairman. The company said the changes will be effective immediately.

PJSC Datagroup, China - $17.9M, July 2016
Datagroup has appointed Mikhail Shelemba as the new CEO of the company. Shelemba has previously worked at the consultancy McKinsey & Company. Shelemba replaces Alexander Kardakov, the founder of Datagroup, who has been serving as CEO on a temporary basis.

Veriato, Florida - $13.9M, July 2016
Veriato announced the promotion of COO Mike Tierney to CEO and a member of the company’s board of directors. In the planned succession, effective immediately, former CEO Jason Judge will continue to play an active role on Veriato’s board.

TotalMobile, UK - $12.9M, July 2016
Jim Darragh, the former CEO at CMO Software, has been appointed as CEO TotalMobile in succession to Colin Reid who is retiring from full time work.

TradingScreen, New York - $12.3M, July 2016
TradingScreen announced that the Board of Directors of TradingScreen  appointed Pierre Schroeder as the CEO. He has served as interim CEO since May 10, 2016. 

ProctorU, California - $12.0M, July 2016
ProctorU named Scott McFarland as CEO. McFarland joins the fast-growing company after service as COO for PerfectServe.

Solexel, California - $11.6M, July 2016
The company recently named  Chief Sales and Marketing Officer and CFO Mark Kerstens as CEO, unveiled its new brand and introduced its Sprint lightweight photovoltaic (PV) solar panel system for flat commercial roofs.

Insurance Information Institute, New York - $9.4M, July 2016
The Insurance Information Institute (III) announced that it has hired Sean Kevelighan, most recently with Zurich Insurance, as president and CEO.

Solitron Devices, Florida - $7.8M, July 2016
Solitron Devices announced that on July 22, 2016, Shevach Saraf retired as Chairman, CEO, President, CFO, Treasurer and a member of the Board of Directors. On July 22, 2016, the Board of Directors of the company appointed Tim Eriksen as CEO and Interim CFO effective as of July 22, 2016. Mr. Eriksen, age 47, was elected a director of the company on August 4, 2015.

ShopRunner, Pennsylvania - $7.7M, July 2016
ShopRunner appointed Sam Yagan as its CEO. Sam has co-founded several popular consumer internet businesses, including SparkNotes and OkCupid.

Skyhook Wireless, Massachusetts - $6.1M, July 2016
Skyhook appointed Craig Waggy as CEO. Waggy's appointment comes as Skyhook and its parent company, TruePosition, begin operating as a single business. Additionally, Karl Holzthum joins Skyhook as chief sales and marketing officer. Waggy joined TruePosition in 2005, serving as its EVP of finance and administration from 2005 to early 2014 when he was appointed CEO.

Hickok, Ohio - $6.0M, July 2016
Hickok Incorporated announced that Robert L. Bauman informed of his decision to retire as President and CEO. The company appointed Mr. Brian E. Powers as President and CEO effective September 1, 2016. Mr. Powers, is Chairman of the Company’s Board of Directors and has held this position since 2014.

Velosecure, New York - $4.6M, July 2016
Identity Finder LLC appointed Dr. Jo Webber as its CEO. Dr. Webber brings more than 16 years of experience leading global technology companies. Jo is an experienced technologist and software company CEO who has led three previous companies including Energy Solutions International.

Gravity4, California - $2.3M, July 2016
Gravity4 announced that days after a S.F. Superior Court judge ruled that Gurbaksh Chahal violated probation, Gurbaksh Chahal has stepped down as CEO of Gravity4. At Gravity4, Chahal is replaced by Chahal’s sister Kamal Kaur, who was listed as the chairwoman and CEO on the company's website as of July 28, 2016.

Gaming Corps, Sweden - $1.1M, July 2016
The Board of Gaming Corps has decided on a change of CEO. Magnus Kolaas takes over from Nicklas Dunham with immediate effect. Magnus, who took place in Gaming Corps Board of Directors at the Annual General Meeting in June, has a background in digital development, international sales, marketing and business development and has also founded and managed Ymer advertising and marketing agency network IN, The Library, SwopGate, and Swarmplanet and more.

Knosys, Australia - $0.6M, July 2016
Knosys Ltd. appointed its new CEO, industry veteran and experienced technology company executive, Mr. John Thompson. The appointment of Mr. Thompson follows the resignation of former CEO, Mr. Ashley Gall.

iGAMBIT, New York - $0.6M, July 2016
iGAMBIT appointed Rory T. Welch as President and CEO, to replace current President and CEO John Salerno. Mr. Salerno will remain in the role of Chairman of Board of Directors. Rory T. Welch, holds the position of President and CEO of Subsidiary Wala d/b/a ArcMail Technologies.

Omni Market Tide, Australia - $0.1M, July 2016
Omni Market Tide Limited announced the departure of Megan Boston as Managing Director of OMT. The company announced the immediate appointment of Steve Terry as CEO. Prior to joining OMT, Steve spent the last six years working as the General Manager for the Queensland operation of TechnologyOne Limited.

The Virtual Learning Company, New York, July 2016
Virtual Learning Company announced that, on July 20, 2016, at a duly called meeting of the board of directors of the company, Vincent Simonelli was appointed to fill one of the vacancies on the board of directors. Following Simonelli’s appointment to the board, the board accepted the resignation of Mr. Roger Fiddler as the then-serving President/CEO of the company and appointed Mr. Simonelli to that position, to initially serve without pay.

Telefónica UK, UK, July 2016
Telefonica UK (O2) has confirmed that CFO Mark Evans has been appointed as CEO to take over from Ronan Dunne on 01 August 2016. Evans also manages the giffgaff brand, which is a wholly owned subsidiary of Telefonica, and is Chairman of Tesco Mobile.

ROHDE & SCHWARZ, Germany, July 2016
As of July 1, 2016, Christian Leicher and Peter Riedel lead Rohde & Schwarz GmbH & Co. KG. Leicher, the new President and CEO, has been a member of the Executive Board since 2005.

Workfront, Utah, July 2016
Workfront announced the hiring of Alex Shootman as the company's President, CEO and member of its Board of Directors. Most recently, Shootman was the president of Apptio.

Teradata Applications, Indiana, July 2016
Marlin Equity Partners announced that it has acquired Revenew. The transaction follows Marlin's recent acquisition of the Marketing Applications business from Teradata Corporation. Revenew has been merged with the marketing operations business of TMA to create a differentiated leader with the unique ability to serve customers' central and channel marketing requirements. In addition, Marlin also announced that it has named John Stammen, previously CEO of Revenew, as CEO of the new Aprimo.

KEYMILE, Germany, July 2016
Keymile has appointed founder/CEO of RMU CAPITA Rolf Unterberger as its new CEO with effect from start-July 2016. He replaces Axel Foery.

Oxford Instruments Plasma Technology, UK, July 2016
Oxford Instruments Plasma Technology has appointed Richard Pollard as the managing director. Most recently Richard was with Ocean Optics.

NetMotion Wireless, Washington, July 2016
NetMotion Wireless announced that its president, Christopher Kenessey, has been appointed CEO.

InTouch Technologies, California, July 2016
InTouch Health has appointed Joseph M. DeVivo as its new CEO. Mr. DeVivo was most recently President, CEO and Director of AngioDynamics.

NABUfit Global, Utah, July 2016
NABUFIT Global announced that Brian Palm Svaneeng Mertz was appointed as a member of the board of directors and its CEO. At the same time Ulrik Moll, who has been the company's CEO since December 2015 has ceased his services with company. Mr. Mertz served as a director and as the company's CEO from November 2014 through December 2015.

Deploy Technologies, Canada, July 2016
Deploy Technologies announce the appointment of Murray Simser, former CEO of Watts Unlimited, as CEO.

Vortex Brands, California, July 2016
Vortex Brands Co. announced that reached a preliminary agreement to acquire Sagan Labs and that Nicholas Busse will become its new CEO.

NuState Energy Holdings, South Carolina, July 2016
On July 8, 2016 Kathleen Roberton resigned her position as CEO and member of the Board of Directors of NuState Energy Holdings Mr. Kevin Yates, the current Chairman of the Board, will serve as CEO. Mr. Yates will remain as Chairman of the Board.

Yota Devices, Dubai, July 2016
Dmitriy Moyseyev has been named as new CEO by Yota Devices. Earlier, Moyseyev served as COO and takes up the role from Vladiislav Martynov in the top job.

Atlatl Software, South Carolina, July 2016
Atlatl Software announced that Marc Murphy has been selected to lead the company as its new CEO. Most recently, Murphy was CEO at SPARC LLC.

Identa, Israel, July 2016
IDenta Corp. announced that Mr. Nash Abramov has been appointed as the new CEO of the company. In the last 20 years, Mr. Abramov has been dealing with the management of companies in the technological-industrial sector. In the recent years he has dedicated his experience, expertise and professionalism especially to family owned companies.

Blink Couture, Colorado, July 2016
on June 13, 2016, Blink Couture announced that, A. Terry Ray, the sole officer and director, resigned from her respective positions as President, CEO, CFO, Secretary and sole director. Immediately prior to her resignation as a director, on June 13, 2016, A. Terry Ray appointed Michael Toh Kok Soon as a director of the company, to fill the vacancy created by her resignation, and also appointed Michael Toh Kok Soon as the President, CEO, CFO and Secretary. Michael Toh Kok Soon is the Managing Director of Toga Capital Sdn Bhd.

MuscleSound, Colorado, July 2016
MuscleSound brought on Andy Jackson, a veteran fitness tech executive, to lead the company. Stephen Kurtz, a co-founder and the previous CEO, has been named chairman of the business and will begin working researching health care applications of the company's product. Jackson most recently has been CEO of CloudTag.

PagerDuty, California, July 2016
PagerDuty appointed Jennifer Tejada as CEO and a member of the board. Tejada previously served as president and CEO of Keynote Systems.

Y3 Technologies, Singapore, July 2016
Y3 Technologies has appointed Marc Dragon as CEO. Marc has more than 18 years of experience serving clients in Asia Pacific, and has been in multiple leadership roles at IBM, Deloitte Consulting and Antuit.

Data-as-a-Service, Florida, July 2016
DataMentors announced key organizational changes in the company's leadership team to strengthen strategy execution and drive growth and profitability. Anders Ekman, previously serving as DataMentors' President, has been named CEO.

ZopNow Retail, India, July 2016
ZopNow has appointed Raj Pandey as its CEO. Pandey has replaced Mukesh Singh. Prior to this appointment, Pandey has worked as an executive director of TMT investment banking at JP Morgan. He also worked for Deloitte Consulting.

mLevel, Illinois, July 2016
The company announced that Jordan Fladell, mLevel co-founder, will assume the position of CEO.

Annai Systems, California, July 2016
Annai Systems announced it has appointed biotech veteran James Jamie Levine as CEO. Michael Penley will continue to have key executive responsibilities as Annai’s chief business officer. Prior to joining Annai, he was the CEO of Sapphire Energy  and of Verenium Corporation where he led the successful commercialization of new products for a wide variety of customer industries.

Robi Axiata, Bangladesh, July 2016
Robi Axiata Limited has appointed COO Mahtab Uddin Ahmed as its CEO and managing director, effective 1 November. Ahmed will replace Supun Weerasinghe, who will return to Sri Lanka's Dialog Axiata, as the successor to the incumbent Group CEO Hans Wijayasuriya, effective 1 January.

Kinetic Social, New York, July 2016
Kinetic Social appointed digital marketing veteran Matt Gilbert as CEO as well as to the company's Board of Directors. e arrives at Kinetic from 500 friends, a leading SaaS omni-channel loyalty and lifecycle marketing solution for ecommerce, omni-channel retail, and CPG brands that he co-founded in 2011.

Compliance Science, New York, July 2016
ComplySci, formerly Compliance Science, appointed Jean-Marc Levy as CEO and as a member of its board of directors.

Across Systems, Germany, July 2016
Gerd Janiszewski (aged 47) to take over the role of the CEO of Across Systems GmbH.  Most recently, he served in an executive position for Transline Gruppe GmbH.

Mobile Phone Recycling Organisation, UK, July 2016
MPRO announced that Dr. Leland A. Babitch, M.D., MBA, has been named president and CEO. Prior to joining MPRO, Dr. Babitch served as an executive medical director at The Advisory Board Company.

NextGxDx, Tennessee, July 2016
Mark Harris announced that Rob Metcalf has succeeded him as CEO of NextGxDx. Most recently, he served as president and COO for Digital Reasoning.

Civitas Media, North Carolina, July 2016
Civitas Media announced that Lior Yahalomi, a board member and prior President of Civitas, has been appointed CEO effective July 8, 2016. Mr. Yahalomi replaces Ralph Martin, who is stepping down.

LiveHive, California, July 2016
LiveHive announced that its board of directors named Graham Curme as CEO. Curme succeeds former CEO Suresh Balasubramanian, who will continue to serve the company in the newly created role of Chief Strategy Officer. Curme co-founded and most recently served as CEO at Operatix.

StockTwits, California, July 2016
StockTwits announced that it has named Ian Rosen, former CEO, CoFounder at EVEN Financial, as CEO.

Integra ServiceConnect, Maryland, July 2016
Integra ServiceConnect appointed Richard 'Rick' M.  Hassett, MD, as CEO. Most recently, Rick served as an Executive in Residence at Warburg Pincus. Previously, he was CEO of NovaSom.

Opengear, Utah, July 2016
Gary Marks has been appointed CEO of the company. Previously, Marks served as the company's President. 

Avid Life Media, Ontario, July 2016
Avid Life Media appointed Rob Segal as CEO and James Millership as President are three months into their new roles at the company and have transformative changes planned for the company and its brand Ashley Madison.

vCargo Cloud, Singapore, July 2016
vCargo Cloud Pte Ltd. appointed Mr. Tay Koong Phong as CEO. Mr. Tay will be responsible for vCargo's business development and growth and to drive its strategic plans. He is also responsible for synergizing the operation of vCargo with the group's business plans.

comForte 21, Germany, July 2016
comForte 21 GmbH has appointed Michael J. Deissner as new CEO. Deissner is joining comForte from Cytonet, where he was one of the Managing Directors for the last 15 years.

Starticket, Switzerland, July 2016
Stefan Riedel named new CEO of Starticket AG. Following the merger with ticketportal, Starticket is reorganizing. Stefan Riedel previously held various positions at Salt Mobile and brings many years of experience in business development, strategy, process optimisation, and marketing.

ApplyDirect, Australia, July 2016
The Board of Directors of ApplyDirect Limited appointed Lorcan Barden as the company's new CEO. Prior to ApplyDirect, Lorcan was CEO of efm Logistics Services Group. 

Other Moves, Utah - $1.7B, July 2016 Inc. announced founder Patrick M. Byrne has resumed his position as CEO of the 17-year old online retailer of home furnishings, décor, electronics, jewelry and apparel. Byrne took a medical leave of absence April 11, 2016 to deal with complications of a Stage IV diagnosis of Hepatitis C, contracted after receiving a head wound in rural China in 1984. 

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Read 4842 times Last modified on Thursday, 27 August 2020 13:09
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,, 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.

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