Keep up to date with technology leadership moves by category.

Monday, 05 September 2016 08:43

Tech CEO Turnover - Hiring CEOs and New Appointments Globally Featured

Written by
Rate this item
(0 votes)

Detailed Version of Newsletter for month ended August 2016

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

The average length of time the CEO searches have been open is 8 months, up from 6.5 months earlier this year. There is little variance across geographies.

Total Tech CEO Roles Open:133
New Tech CEO Appointments: 89 (6 women, 83 men)

New Technology CEO Stats

New Tech CEO Openings:10 – Ooredoo Algérie (Algeria), Chorus Limited  (New Zealand), (UK), Solutionary (NE), Vicon Industries (NY), Giga-tronics (CA), Electronics Industry Public Company Limited (Thailand), Shanxi Changcheng Microlight Equipment (China), Magor (ON), Spire (MA)

CEOs Appointed

Sources of Appointments: 49 were External appointments, and 40 were internal promotions.

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

Diversity: 7% of the appointments are women CEOs. Canon Singapore (Singapore), Telenor Hungary (Hungary), Enviance (CA), Arria NLG (UK), Dtex Systems (Australia), Kidbox (Uruguay)

Geographic Distribution: 49 in North America, 24 in Europe, 15 in Asia/Russia/Australia, and 1 in Latin America.

The average and median times open CEO roles have been open are about 8 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.
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.
Ooredoo Algérie SPA , Algeria - $1.3B, August 2016
Ooredoo Q.S.C. announced accepting the resignation of the CEO of Ooredoo Algeria, Mr. Joseph Ged, who has resigned this position.
*Replacement not announced.
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.
Chorus Limited, New Zealand - $718.7M, August 2016
Chorus Limited announced that Mark Ratcliffe has given notice of his intent to step down as its CEO and Managing Director around the middle of 2017.
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., UK - $392.8M, August 2016 Group announced that CEO Peter Plumb has indicated to the Board his intention to step down as CEO of the Group. This will happen on or before the group's AGM in May 2017, to ensure smooth succession planning.
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.  
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.
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.
Solutionary, Nebraska - $98.1M, August 2016
The CEO of Solutionary will step down at the end of this year, as the company is becoming more tightly integrated into the Japanese firm that acquired it in 2013. Steve Idelman said the company, known as of Aug. 1, 2016 as NTT Security, is hiring and growing in Omaha.
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.
B.S.D. Crown, Israel - $81.2M, August 2016
BSD Crown Ltd. announced that further to the company's announcement of 15 July 2016 regarding Israel Yosef Schneorson’s decision to step down from his post as CEO with effect from 31 October 2016, the company hereby announced that the Board of Directors notified Mr. Schneorson, on 24 August 2016, that his management services agreement with the company is terminated with immediate effect in light of the latest events as the company published in the last months. Consequently he will cease to act as the company CEO from that date.
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. 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.
Vicon Industries, New York - $41.1M, August 2016
On August 1, 2016, Eric Fullerton submitted his resignation as the CEO and as a director of Vicon Industries and notified the company that August 5, 2016 would be his last day of employment with the company. On August 2, 2016, the Company's Board of Directors appointed John M. Badke to serve as the Company's Interim CEO. Mr. Badke, 57, has served as the Company's SVP, Finance since May 2004, and as its CFO since December 1999. Mr. Badke will continue to hold such offices while serving as Interim CEO.
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.
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.
Giga-tronics, California - $13.7M, August 2016
Giga-tronics Incorporated appointed W. Joseph Thompson as Chairman and Acting CEO. He succeeds John Regazzi, the architect of the company’s Advanced Signal Generator and Analysis platform (ASG), who is assuming the role of CTO to enable him to focus on customer engagement and future technology development.
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.
Electronics Industry Public Company Limited, Thailand - $5.3M, August 2016
Electronics Industry Public Company Limited (EIC) announced that Mr. Bee Taechaubol has resigned from the position of Chairman and CEO of the company, effective August 11, 2016 due to his busy work schedule for overseas business commitments. The board of directors' resolved to appoint Mr. Luca Roveda as Chairman of the board of directors and acting CEO until a suitable replacement can be appointed.
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.
Shanxi Changcheng Microlight Equipment, China - $3.7M, August 2016
The board of directors of Shanxi Changcheng Microlight Equipment Co. Ltd. announced that Mr. Wang Wen Sheng resigned the position of CEO of the company as he intends to spend more time on other business and Mr. Shen Jian ("Mr. Shen") was appointed as acting CEO of the Company, with effect from 19 August 2016. Mr. Shen, aged 43, is currently the secretary of the Board and in-charge of the sale department of the Company.
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.
Magor Corporation, Ontario - $1.4M, August 2016
Magor Corporation announced that Mr. Mike Pascoe has decided to step down as CEO and a member of the Board on August 31, 2016. The board has appointed Mr. Brian Baker, its current CFO, as interim President and CEO and he will be joining the board of directors.
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.
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, 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
Nicholas Mitsakos resigned as the Interim CEO and as the Co-Chairman and member of the Board of Directors of Ubiquity, effective August 12, 2016.
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.
Spire, Massachusetts, August 2016
On August 19, 2016, the Board of Directors of Spire Corporation notified Rodger W. LaFavre that he was released as CEO and as an employee of Spire Corporation, effective August 26, 2016. *Replacement not announced.



Tech Companies: CEOs Appointed


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

Viacom , New York - $13.1B, August 2016
Media mogul Sumner Redstones boardroom war for control of Viacom has ended in victory with the resignation of CEO Philippe Dauman and the installation of new members to the company's board. Viacom's board elected Thomas Dooley as CEO. Dooley has long been a popular figure among the rank and file of Viacom. He has worked 36 years for the New York media company.
Telia Company , Sweden - $10.1B, August 2016
Staffan Gojeryd has been appointed CEO of Telia Carrier with immediate effect. Over the past two years, Staffan has been responsible for the Data Business in Telia Carrier.
ARRIS International , Georgia - $5.7B, August 2016
ARRIS International plc announced that its Board of Directors has appointed Bruce McClelland as CEO and Director. McClelland joined ARRIS in 1999 as VP of Engineering. Stanzione was the founding President and CEO of ARRIS Interactive. 
Symantec Corporation , California - $3.6B, August 2016
Blue Coat CEO Gregory Clark became Symantec's CEO, after acquisition of Blue Coat.
Vodafone Telekomunikasyon , Turkey - $3.1B, August 2016
Vodafone Turkey appointed Colman Deegan as CEO, effective September 19, 2016. Most recently, Deegan was Vodafone Italy's EVP of Finance.
Canon Singapore , Singapore - $2.8B, August 2016
Canon Singapore appointed Ms. Noriko Gunji as President and CEO. Ms. Gunji has also been appointed as Executive Officer of Canon, earlier in April this year. She moved from her most recent role as VP of Canon China.
Spark New Zealand Limited, New Zealand - $2.5B, August 2016
Spark New Zealand appointed Ed Hyde,
CEO at Qrious, as the new CEO for Spark Ventures.
Cypress Semiconductor , California - $1.8B, August 2016
Cypress Semiconductor Corporation announced that Hassane El-Khoury has been named its president, CEO, and a member of its board of directors. Before joining Cypress in 2007, El-Khoury served in various roles with Continental Automotive Systems in the U.S., Germany and Japan.
Coolpad Group Limited, China - $1.4B, August 2016
The board of directors of Coolpad Group Limited announced that Mr. Liu Jiangfeng has been appointed as an executive Director and the CEO of the company. Mr. Liu served in Huawei for 19 years since 1996 and had successively served as the president of Global Technology Service Division, VP of Network Product Line, VP of Asia Pacific District and the president of Honor Business Unit.
National Instruments, Texas - $1.2B, August 2016
NI elected Alex Davern, age 49, to serve as CEO and President of National Instruments. Davern has served as COO of NI since 2010, and CFO since 1997.
Amaya, Canada - $1.1B, August 2016
Amaya announced that Rafi Ashkenazi, who was appointed Interim CEO of the company in March 2016 and currently serves as CEO of Rational Group, has been appointed CEO of the company on a permanent basis. Mr. Ashkenazi's appointment follows the resignation of David Baazov from all positions with the company, effective August 11, 2016.
YY, China - $1.1B, August 2016
YY announced that Mr. Jun Lei has tendered his resignation as the Chairman and a member of the company’s Board of Directors, in order to focus his energy on Xiaomi, where he is currently Chairman and CEO. Mr. Zhou Chen, who joined YY in 2007 and has served as the head of YY’s music and entertainment business since 2011 and has been hugely successful in growing the business during his tenure, will succeed Mr. Li as the company’s CEO.
Ansys, Pennsylvania - $961.5M, August 2016
ANSYS announced a leadership succession plan. James E. Cashman, who has served as ANSYS’ CEO since 2000, will become Chairman. Dr. Ajei S. Gopal, a technology industry veteran who has served as a member of the ANSYS Board since 2011, has been appointed President and COO effective immediately and will continue to serve on the Board. Dr. Gopal will become CEO on January 1, 2017.
Laird, UK - $900.0M, August 2016
Laird PLC announced that David Lockwood, who has been CEO of the company since 13 August 2012, will step down as CEO and director to take up the position of CEO at Cobham plc. The resignation will take effect on 5 September 2016. The Laird Board announced that Tony Quinlan, the current CFO of Laird PLC, has been appointed to take over from David on 5 September 2016. Richard Harris, the current Group Financial Controller, will assume Tony's previous responsibilities as leader of the Finance function on an interim basis, while Laird looks for a permanent successor to the CFO role.
Plantronics, California - $873.7M, August 2016
Plantronics announced that Ken Kannappan, president and CEO, will retire as CEO at the end of the second quarter of the company's fiscal year. Joe Burton, Plantronics' EVP and chief commercial officer, will become president and CEO.
II-VI Incorporated, Pennsylvania - $827.2M, August 2016
II-VI Incorporated appointed Dr. Vincent D. Mattera, Jr. as President and CEO effective September 1, 2016 following the retirement of current CEO Francis J. Kramer. Dr. Mattera has served as the President since 2014.
Tableau Software, Washington - $743.8M, August 2016
Tableau Software announced that it has appointed Adam Selipsky as president and CEO effective September 16. Selipsky currently serves as VP of Marketing, Sales and Support for AWS. Prior to joining Amazon, he was an executive at RealNetworks.
Telenor Hungary, Hungary - $630.4M, August 2016
Mrs. Alexandra Reich was appointed as CEO of Telenor Hungary and EVP of Telenor Group. Reich has served as EVP and Head of Mobile Business for Swisscom Enterprise since 2014, after joining the Swiss company in 2009.
Vodafone Hungary, Hungary - $485.2M, August 2016
Vodafone Hungary appointed Alexandre Froment-Curtil as its new CEO. He will replace Diego Massidda who will leave the company to pursue new career opportunities in the UK. Most recently, Froment-Curtil was Vodafone Hungary's deputy CEO. He joined the Hungarian operator in 2012.
Novanta, Massachusetts - $370.5M, August 2016
Novanta has named Matthijs Glastra as CEO and a director of the company, effective September 1, 2016. Mr. Glastra currently serves as Novanta's COO, and will succeed John Roush as CEO. 
comScore, Virginia - $368.8M, August 2016
comScore announced that its Board of Directors has named company co-founder Gian Fulgoni as its CEO. Mr. Fulgoni most recently served comScore as Chairman Emeritus, a role he has held since 2014, and he will continue to serve on the Board.
IXYS, California - $315.8M, August 2016
Uzi Sasson has been promoted to the position of CEO of IXYS Corporation, a title he will share with Chairman and CEO Nathan Zommer. Sasson served as IXYS's President and CFO since December 2009.
Eniro, Sweden - $256.3M, August 2016
The Board of directors has appointed Mr. Örjan Frid as the new President and CEO of the Eniro Group. He has previously served as interim CEO, COO and project manager in organizations that were subject to significant change and restructuring. Mr. Frid has also worked as CEO of Patria Helicopters AB, Eneas Energy AB and TradeDoubler AB.
Hills Limited, Australia - $247.3M, August 2016
The board of Hills Limited appointed Mr. David Lenz as CEO. Mr. Lenz is currently the Chief Operations Officer and head of Hills' key Building Technologies division.
Automated Systems Holdings, Hong Kong - $195.0M, August 2016
Automated Systems Holdings Limited announced that Mr. Wang Yueou will be re-designated from the acting CEO to the CEO of the company and will resign as the CFO and the joint company secretary of the company.
Electro Scientific Industries, Oregon - $189.0M, August 2016
Electro Scientific Industries  announced that Michael Burger, former CEO of Cascade Microtech , will join as President and CEO of the company and will succeed Edward C. Grady on October 3, 2016.
Cicor Technologies, Switzerland - $186.1M, August 2016
Alexander Hagemann has been appointed as CEO per 1 September 2016. The current CEO will leave the Cicor Group. From March 2007 to July 2016 he was CEO at Schafer Group. 
Suss MicroTec, Germany - $180.4M, August 2016
The Supervisory Board of SUSS MicroTec AG appointed Dr. Franz Richter as a new member of the Management Board. His contract will run for a period of three years. Dr. Richter accepted the appointment to the Management Board as of August 30, 2016 and he will assume his position as new CEO on September 7, 2016.
Kordia Group, New Zealand - $171.6M, August 2016
Kordia Group appointed Scott Bartlett as Group CEO. Since 2013, he has served as CEO of the New Zealand operations and in his new role assumes responsibility for Kordia's Australian operations too.
Cision, Illinois - $171.1M, August 2016
Cision announced that Kevin Akeroyd has been named global CEO. Most recently he was general manager and SVP at Oracle Marketing Cloud where he orchestrated and executed the industrys most prolific acquisition strategy, including Marketing Automation, Omni-Channel Campaign Management, Web Personalization, Content Marketing, DMP, Mobile Marketing, Data, and X-Device Orchestration.
First Sensor, Germany - $164.1M, August 2016
Dr. Dirk Michael Rothweiler is to become the new CEO of First Sensor AG. After working at the Fraunhofer Gesellschaft, Carl Zeiss AG, SÜSS MicroTec and the Cymer/Zeiss joint venture TCZ, Dr. Rothweiler has been in charge of the global optics activities of the Jenoptik Group in recent years.
Fonecta, Finland - $136.7M, August 2016
The Board of Directors of European Directories Midco S.à r.l. has announced changes within the leadership at Fonecta Oy and appointed Pekka Harju as the new CEO. Harju, Head of Fonecta B2B Vesa-Pekka Kirsi and Head of 020202 Lauri Kangaslahti will continue to lead Fonecta through the transformation.

Accruent, Texas - $124.7M, August 2016
Accruent announced the promotion of John Borgerding to CEO. Borgerding joined Accruent in January as president.
PlumChoice, Massachusetts - $114.9M, August 2016
PlumChoice announced that David Shimoni has been appointed president and CEO. Most recently, Shimoni was president and general manager at Mformation Software Technologies.
Marin Software, California - $108.3M, August 2016
Marin Software Incorporated announced that the Board of Directors decided to reappoint Christopher A. Lien to the role of CEO, and as a result David A. Yovanno has stepped down as CEO and from his position as a member of the board. Mr. Lien, founded the company in 2006, and currently serves as its chairman of the board. USA, California - $89.5M, August 2016
Wal-Mart Stores CEO Doug McMillan confirmed that Neil Ashe, CEO of, would be leaving the company following the end of the fiscal year. Marc Lore, current president and CEO of, will join Walmart as its new president and CEO of e-commerce following completion of Walmart's acquisition of Jet.
Packet One Networks, Malaysia - $88.8M, August 2016
Telekom Malaysia has appointed Azizi Hadi as the new CEO and executive director of Webe Digital (formerly known as Packet One Networks), effective 1 August. Hadi succeeds CC Puan. Hadi previously served as COO of Webe Digital. Puan will continue as a non-executive director on the Webe board of directors.
Intermolecular, California - $50.7M, August 2016
Intermolecular announced that Chris Kramer has been appointed as President and CEO. Kramer has more than 25 years of experience as a senior technology executive in the semiconductor and materials industry in the U.S., Asia and Europe. He joined ATMI in 2010 as SVP of Materials Solutions, where he was responsible for the company's ion implant business operations and its gas and liquid storage and delivery systems.
Subex, India - $49.0M, August 2016
Subex Limited has informed the Exchange regarding the re-appointment of Mr. Surjeet Singh as Managing Director & CEO of the company, for a period of one year from October 5, 2016 to hold office until October 4, 2017 as per the terms of appointment.
Spark Networks, California - $41.3M, August 2016
Daniel Rosenthal was appointed the company’s CEO. Rosenthal is joining the company from PEAK6 Investments, L.P. Since December 2015, Mr. Rosenthal has overseen the development of electronic trading strategies and served as a member of the board of directors of Apex Clearing Corporation.
Bridgelux, California - $40.7M, August 2016
Bridgelux announced, Tim Lester, has been appointed CEO. Mr. Lester’s appointment comes after the completion of the sale of Bridgelux to an investment group led by the China Electronics Company (CEC) and ChongQing Linkong Development Investment Company. Lester joined Bridgelux in 2010 and has served as CFO/COO.
Verisk Health, Massachusetts - $34.7M, August 2016
Verisk Health announced that Dr. Emad Rizk has been named CEO.Dr. Rizk joins Verisk Health from Accretive Health where he served as CEO and as a member of its Board of Directors.
Unitrends, Massachusetts - $33.0M, August 2016
Unitrends announced Paul Brady as the company's new CEO. Brady previously held CEO and other senior leadership positions with ObserveIT, Riverbed Technology, Mazu Networks, Guardent, Exodus, Cohesive Technology Solutions, and Business Technologies Before joining Unitrends, Brady was the CEO of ObserveIT.
Top Image Systems, Israel - $32.6M, August 2016
Top Image Systems Ltd. appointed Brendan Reidy to the position of CEO.  Reidy most recently served as President, COO and CTO of XRS Corporation.
Dods (Group), UK - $28.3M, August 2016
Dods Group plc announced that Guy Cleaver, COO, has been appointed CEO and Director with immediate effect. Mr. Cleaver was Managing Director for the company from 2007, and was promoted to COO with responsibility for all Group's businesses in March 2016.
Pulse Systems, Kansas - $27.1M, August 2016
Pulse Systems announced that Charles Walls has been appointed as President and CEO, effective August 8, 2016. Mr. Walls is joining the company with 30 years of Healthcare IT experience. Walls recently served as VP of Strategic Accounts and Business Development for Anthelio Healthcare Solutions.
Nesscap Energy, Ontario - $18.6M, August 2016
Nesscap Energy  announced that Jim Zuidema has assumed the title of CEO and CFO. Jim served as the company's acting CEO as well as CFO.
LRAD, California - $15.9M, August 2016
LRAD Corporation appointed Richard Danforth as CEO of the Company. Prior to joining the Company, Danforth founded RsD Aero in October 2013.
The Aldridge Company, Texas - $14.3M, August 2016
Aldridge has promoted Patrick Wiley, formerly the company's COO and president, as its CEO.
Payment Data Systems, Texas - $13.3M, August 2016
Payment Data Systems announced that effective August 4, 2016, Mr. Michael R. Long, one of co-founders, retired as long-standing CEO and Mr. Louis A. Hoch, other co-founder, was appointed as new CEO by Board.
Onrox, Sweden - $12.2M, August 2016
The board of Onrox Malmö appointed Stefan Jönsson as new CEO. Stefan starts on August 15, 2016. Stefan Jönsson has since January 2016 been working as Inission’s sales manager.
Silego Technology, California - $12.0M, August 2016
Silego Technology announced that John Teegen has been named its CEO and President, and a member of its Board of Directors. Before joining Silego, Teegen held executive management positions at Kovio , NeoPhotonics Corporation, MMC Networks  (AMCC), Intellon Corporation (QCOM), VLSI Technology (NXP) and Advanced Micro Devices, where he began his career.
Enviance, California - $11.7M, August 2016
Enviance announced that Amy Stelling has joined the company as president and CEO. Stelling -- who was previously an executive-in-residence at the Battery Ventures, the backer of Enviance -- brings to the role a wealth of operational experience including integrating software products and teams to better serve customers.
Asset Control International, Netherlands - $11.3M, August 2016
Asset Control announced that it has appointed Mark Hepsworth as CEO with effective immediately. Prior to working at the company, Mr. Hepsworth brings the experience of a career with providers of financial data, application software and services and a track record of successful product innovation and business development. Earlier, Mr. Hepsworth worked at Interactive Data Corporation as President, EMEA was a member of the company's executive leadership team.
Trillion Grand Corporate Company, Hong Kong - $8.3M, August 2016
Lau Kelly, an Executive Director, has been appointed as the CEO. Mr. Lau Kelly, aged 37, was appointed as an executive Director on 31 December 2015.
SigmaRoc, UK - $5.1M, August 2016
Messaging International named Max Vermoken as CEO. Max was most recently a strategic advisor to LafargeHolcim Ltd.
Engagement Labs, Canada - $5.1M, August 2016
Ed Keller, President, was also appointed CEO of the company on August 30, 2016.
Arria NLG, UK - $1.2M, August 2016
Arria NLG plc announced changes to the board of directors of the company. Ms. Sharon Daniels, formerly a non-executive director of the Company, has been appointed, with immediate effect, as Chairperson of the Board and, until the Listings, CEO of Arria NLG. It is anticipated that on the Listings being effected Chief Strategy Officer Matthew Gould will be appointed CEO with Ms. Daniels continuing as Chairperson.
Crnogorski Telekom, Montenegro - $0.9M, August 2016
Crnogorski Telekom announced the new executive director and CEO of the company is Milija Zekovic. He was former assistant executive director for commercial affairs. He will replace Ruediger Schulz, who has been CEO of the company since 2011., Australia - $0.7M, August 2016 Limited appointed Mr. Greg Bader as its new CEO. Mr. Bader is an experienced Senior Executive having worked in the Information and Communication Technology (ICT) industry for more than 20 years, both locally and internationally. Most recently he was a key member of iiNet's executive team, where he was CTO from 2003 to 2012.
Mobio Technologies, Canada - $0.5M, August 2016
Mobio Technologies  announced that Laurie Baggio has been appointed as CEO and a director of the Company. Companies he has recently been involved with include, a company bringing smart technology to cars, Beanworks Solutions and Foodee Media an online delivery and takeout ordering platform.
Vogogo, Canada - $0.4M, August 2016
Vogogo announced that Gino DeMichele, currently a director of the Company, has been appointed as Vogogo’s interim President and CEO.
CSS, California, August 2016
CSS Corp. has appointed Manish Tandon as its new CEO of the company. He will be inducted as a whole time director of the board and as CEO later this quarter. He is currently the head of Healthcare & Life Sciences, Insurance and High-Tech Manufacturing businesses at Infosys.
Timico, UK, August 2016
Timico announced that it has appointed Ben Marnham as its new CEO, replacing the company's founder Tim Radford, who becomes executive chairman. Marnham, a non-executive director on company's board since May 2014, was previously COO at UK IT group Alternative Networks.
Upper Street Marketing, California, August 2016
Upper Street Marketing and SPRiZZi Beverage Company announced that as of Aug. 16, Upper Street will acquire SPRiZZi Drink Company and will appoint Michael Breault as CEO of Upper Street Marketing. Breault is the original founder of SPRiZZi Drink-Co and has decades of experience in all aspects of manufacturing and marketing with several consumer product companies.
Changepoint, Virginia, August 2016
Changepoint announced it has appointed Matt Scheuing as CEO.Before the company, Scheuing spent time in leadership roles as CEO and on the Board of Directors at enterprise technology companies ranging from Fortune 200 to venture funded start-ups. Most recently, he was CEO of Tideland Signal, where he led high performance teams in the delivery of innovative aids to marine navigation solutions.
L&S Lauf- & Sport Shop, Germany, August 2016
Michael Burk, who held various management positions at adidas and Google, was named to the role of CEO.
Pebble Beach Systems, UK, August 2016
Pebble Beach Systems has appointed Tom Gittins as CEO. With a strong commercial focus and many years of industry experience, Gittins has been with Pebble Beach Systems for 10 years, and previously held the position of Sales Director at the company.
Santa Rosa Resources, Canada, August 2016
Santa Rosa Resources Corp. appointed Samuel Vella as CEO and a director of the corporation. Mr. Vella replaces Colin Haddock who has resigned as CEO and director to pursue other interests. Mr. Vella is an independent consultant in corporate management and financing specifically aimed at the junior mining industry. He has built and managed several businesses in the United States over the past 16 years.
Arkena Nordics, Sweden, August 2016
Arkena Nordics has appointed Mats Victorin as its CEO. Victorin used to be CEO of Tilgin, and before that, head of medical technology company Tunstall.
Myotest, Switzerland, August 2016
Myotest named Dr. Christophe Ramstein as its CEO. Ramstein is the former VP of Engineering at Logitech.
Dtex Systems, Australia, August 2016
Dtex Systems announced new executive leadership appointments, naming industry veterans Christy Wyatt as CEO and Bahman Mahbod as COO. Wyatt succeeds Dtex co-founder Mohan Koo, who will transition to the role of CTO.
Azerfon, Azerbaijan, August 2016
The company is pleased to announce that Klaus Mueller (Ph.D) is to be appointed as the new CEO. Mueller joins from Deutsche Telekom where he served as COO, in their foreign mobile & fixed operations division where he had responsibility for 12 European countries.
Revon Systems, Kentucky, August 2016
Ted Smith is returning to the private sector as CEO of Revon Systems LLC. The company is working on a SmartCOPD app, which tells users whether a flare-up is imminent, and is considering monetizing it as a prescription digital therapeutic. While with the city, Smith helped create the AirLouisville program, in which asthma inhalers are given GPS devices as a way to track health data, and founded Code Louisville, a coding-skills training program for residents.
Bedrock Data, Massachusetts, August 2016
Bedrock Data announced that Thor Johnson has joined the company as CEO. Prior to Bedrock Data, Johnson served as Chief Marketing Officer of Intralinks (IL) and as chief marketer for Eloqua Corporation, a leader in SaaS marketing software, now part of Oracle (ORCL).
Globe Net Wireless, Hong Kong, August 2016
Gustavo Americo Folcarelli consented to and was appointed the President, the CEO, the CFO, the Treasurer, and the Corporate Secretary of Globe Net by the board of directors. From 2005 to present, Mr. Folcarelli has operated a private company, Current Real Estate Management and Development, in Priverno, Latina, Italy, which develops real estate properties in Italy.
New Valence Robotics, Massachusetts, August 2016
NVBOTS announced the addition of Duncan McCallum as CEO. Previously, as CEO, Duncan co-founded, built and sold two companies (Cilk Arts, VeloBit).
Relayware, California, August 2016
Relayware appointed Gordon Rapkin as CEO. Previously, Rapkin successfully served as CEO of three high-tech companies, including Archive Systems and Protegrity.
Kahuna, California, August 2016
Kahuna announced that Sameer Patel has been named as CEO. The former SAP SVP will lead the cross-channel marketing automation company's next phase of growth. Sameer Patel was the General Manager/SVP at SAP Successfactors.
Cognia Cloud, UK, August 2016
Cognia has appointed Stewart Holness as its new CEO. Stewart has a deep understanding of the media, big data, and telecommunication industries, having served as Marketing Director of Business Objects and EVP of both Stanford Technology Group and MicroStrategy.
Kidbox, Uruguay, August 2016
KIDBOX appointed Miki Racine Berardelli as the CEO. Berardelli joins from Chico's FAS, where she was President of Digital Commerce and CMO.
Intervention Insights, Massachusetts, August 2016
Intervention Insights announced that Steven W. Jones has joined the company as CEO and board member. Jones is a 30-year healthcare industry veteran with strategic and operational experience. He joins Intervention Insights from Dental Services Group., Germany, August 2016
test IO reported the appointment of Philip Soffer as CEO. Soffer is a Silicon Valley startup veteran who has led product, engineering, and marketing efforts at Plumtree Software, Lithium Technologies, and Piazza.
Pond5, New York, August 2016
Pond5 appointed Jason Teichman as the company’s new CEO and Board Director. Teichman most recently as COO at Group.
Pepperdata, California, August 2016
Pepperdata announced that Ashfaq Munshi has joined the company as CEO. Munshi has held CEO roles at several successful startups, as well as numerous other technology executive positions, including CTO at Yahoo, and brings over 30 years of experience to his role at Pepperdata.
StackIQ, California, August 2016
StackIQ appointed Pervez Choudhry as CEO. His most recent experience as a VP at Puppet provided know-how and relationships in the datacenter automation space that will benefit StackIQ greatly.
sipsynergy, UK, August 2016
sipsynergy, appointed Toby Gold as CEO. Gold joins sipsynergy from Dell Software where his most recent role was Director of Northern Europe.
Lumiant, Canada, August 2016
Lumiant Corporation appointed Charles Baker as CEO. Until recently, Mr. Baker was an Executive Director of Product Marketing at GM where he crafted winning strategies to focus on customer needs in China, Brazil, Mexico and other global markets. 

About Vell - Research Reports and Leadership Updates

Vell Executive Search Insights

Downloads do not require identification or email addresses

Research & Newsletters on Boards

   Vell Research Reports

       Technology Board Report(Entrepreneurial Companies)
       Board Leadership Structure Report (Fortune 100)   

   Monthly Leadership Updates:

       Women Directors in Large Boards  - Moves 
       Technology Board Members - Moves
       Technology Execs on Corporate Boards - Moves 

Research & Newsletters on Executive Leadership

     Vell Research Reports

    Characteristics of Successful Tech CEOs
    CIO Succession (Fortune 100)

 Monthly Leadership Updates - Open CEO & Open CIO/CTO Roles

     CEO Moves  & Open Roles in the Tech Industry
     CTO, CIO, CISO & Engineering Exec Moves & Open Roles in the Tech Industry

  Monthly leadership Updates Blog Posts - Keep Up to Date by Tech Sector

     Giant Tech Companies
     Software Industry 
     Digital Media
     Cloud & Infrastructure
     Telecom Products

You can subscribe to our Open Roles Newsletters and research reports

Recent Vell Placements

For Specific bios and announcements, please refer to our Website -

Board Members

Board Member, $50m Security Software, West Coast
Fleetmatics (FLTX), Fleet Management Software (SaaS)  - Board member (4)
Carbonite (CARB), Online Backup for SMB (SaaS) - Board Members (2)  
LogMeIn (LOGM),  SaaS & IoT Software  - Board members  (2) 

CEOs/ Presidents/ GM

CEO, Unified Communication
CEO, $10m Software for media 
President, $1.4b BPO business
Chairman & CEO  - Application Software company (West Coast)

CTOs/ Engineering/ CIOs/CISOs

CTO, $70m EdTech SaaS Co.
CIO, $2b Media company (NYC)
CIO & CISO, Secure Document Software Company (West coast)
CTO & CPO, $100m Mortgage Software company
CTO, Security Software company (West Coast)
CISO, $5b Tech Company


CFO, West coast tech company
CFO, Quantum Computing Company
CFO , $1b Media Company 
CFO, digital media Company


SVP Sales & Services, $70m EdTech SaaS Co.
EVP Sales, Marketing & BD, $500m Unified Communications Co.
VP, North America (now SVP Sales), $60m SaaS to Retail Industry  


CMO, SaaS Software Company
VP, Marketing, $50m software company
VP, Marketing & BD, Software company
CMO, $50m Services Company

Product Management

CPO, HCIT Healthcare SaaS (Division of large co.)
VP Product Management, $120m SaaS Co.      
VP & GM, Transportation and Logistics Software (SaaS, large public co.)
VP & GM, SMB (SaaS, large public co.)

Vell Team

We are a team of retained search veterans, that have large search firm and boutique experience. Our team consists of a principal executive search consultant (Dora Vell), a Vice President (Dal Coger), two senior consultants, one senior industry analyst (Ajanta Banerjee), two candidate research associates, and two data entry folks, as well as an an EA/ Business Manager and a Controller.

 Contact Us 

Vell Executive Search
185 Devonshire, Unit 200
Boston, MA 02110
Main Line: 617-530-1260
Fax: 781-207-0553


Read 5210 times Last modified on Thursday, 27 August 2020 13:07
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.

Leave a comment

Subscribe to Vell Leadership Insights

Track leadership moves and stay up to date with current trends