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Thursday, 06 October 2016 16:35

136 Open Tech CEO Roles and 98 Tech CEO Appointments Featured

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Detailed Version of Newsletter for month ended September 2016

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

The average length of time the CEO searches have been open is 9 months, up from 6.5 months earlier this year. There is little variance across geographies.

Total Tech CEO Roles Open:136
New Tech CEO Appointments: 98 (5 women, 93 men)

New Technology CEO Stats

New Tech CEO Openings:11 – Viacom (NY), Lands' End (WI), Jenoptik (Germany), Optiemus Infracom (India), Perion Network (Israel), Westell Technologies (IL), Quest Solution (OR), Brady (UK), Micronet (Israel), WANdisco (UK), TransBiotec (CA).

CEOs Appointed

Sources of Appointments: 52 were External appointments, and 46 were internal promotions.

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

Diversity: 5.1% of the appointments are women CEOs. Polycom (CA), WorldPay US (GA), Style Research (UK), Vertafore (WA), and Emerald Medical Applications (Israel).

Geographic Distribution: 66 in North America, 19 in Europe, 15 in Asia/Russia/Australia, and 2 in Middle East/ Africa.

The average and median times open CEO roles have been open are about 9 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.
Viacom, New York - $13.05B, September 2016
Viacom announced that Tom Dooley, Interim President and CEO, has informed the board of his decision to
depart the company. He has agreed to remain in that position through November 15, 2016, to facilitate an orderly transition.
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.
Lands' End, Wisconsin - $1.38B, September 2016
Lands' End announced that Federica Marchionni has stepped down from her role as CEO and resigned as
 a Director.  Its Board of Directors has appointed Joseph Boitano and James Gooch Co-Interim CEOs. Mr. Boitano currently serves as Executive VP and Chief Merchandising and Design Officer, and Mr. Gooch currently serves as EVP and Chief Operating and Financial Officer.
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.
Jenoptik, Germany - $754.4M, September 2016
The President & CEO Dr. Michael Mertin has informed the Supervisory Board of Jenoptik AG that he will not be seeking another term on the Executive Board after the expiry of his employment contract on June 30, 2017.
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.
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.
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.
Optiemus Infracom, India - $288.9M, September 2016
mus Infracom Ltd. has informed that Sh. Ravinder Zutshi has resigned as Managing Director of the Company with an immediate effect due to his personal and family commitments. All day to day duties of the Managing Director in the interim will be performed by Mr. Ashok Kumar Gupta, Executive Chairman of the company.
Perion Network, Israel - $274M, September 2016
Perion Network
Ltd. announced that Josef Mandelbaum will be leaving his position as CEO after a transition period of up to several months. The Board of Directors has begun a search for the Company's next CEO and the Board and Josef are committed to a seamless transition.
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.
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.
Westell Technologies, Illinois - $81.4M, September 2016
Technologies announced that its board of directors has appointed Kirk R. Brannock as interim president and CEO. The company also announced that Dennis O. Harris, a director of the company since January 2010, has been appointed interim chairman of the board.
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.
Quest Solution, Oregon - $76.9M, September 2016
On September 15, 2016, Quest Solution announced that Gilles Gaudreault, the CEO of the ccompany
has taken a leave of absence. Mr. Gaudreault intends to resign as a director and officer of the company and its affiliates effective as of the date of the closing of the Transaction. The Board of Directors of the company has appointed Thomas O. Miller, the company's current President and Chairman of the Board, to serve as the company's Interim CEO during Mr. Gaudreault's leave of absence.
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.
Brady, UK - $37.3M, September 2016
plc announced that after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO with immediate effect. Mr. Lavelle will leave the company in February 2017. And Ian Jenks will assume operational control of the company as executive chairman.
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.
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.
Micronet, Israel - $15.4M, September 2016
On September 18, 2016, Mr. Shai Shalom Lustgarten, CEO of Micronet Ltd. notified the company
of his resignation.  Mr. Lustgarten's notice of his resignation was accepted by Micronet Ltd., however, as per the terms of his employment agreement and his prior notice obligations, Mr. Lustgarten shall continue to serve as the CEO of Micronet Ltd. until September 17, 2017, unless otherwise notified by the company.
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.
WANdisco, UK - $11M, September 2016
Board of WANdisco announced that David Richards, CEO, will be stepping down from the Board and his role as CEO of the company with immediate effect. In the interim period, Paul Walker, Non-Executive Chairman, has assumed the role of Executive Chairman with immediate effect.
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.
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 (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
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.
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.
TransBiotec, California, September 2016
TransBiotec appointed Ivan Braiker as Interim CEO and Interim Secretary, on September 1, 2016. Mr. Braiker was CEO of DubLi from May 2015 to January 2016. Prior to his position with DubLi, Mr. Braiker was President and CEO of Hipcricket from 2004 to 2014.
Other Moves:
Epiq Systems, Kansas - $529.8M, September 2016 - Tom Olofson, chairman and CEO of Epiq Systems, will retire from the company after its sale to two private equity firms is complete in the next few days. Olofson led a private investor group that acquired the business that would become Epiq in 1988.
, UK - $215.6M, September 2016 - Sepura PLC has been notified by Gordon Watling, its CEO, that he has received medical advice to take an immediate and extended period of absence, in order to recover fully from injuries sustained in an accident earlier in the year. Richard Smith, CFO, has been appointed Acting CEO with immediate effect in addition to his existing responsibilities.

Tech Companies: CEOs Appointed

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

Intel (McAfee), California - $56.61B, September 2016
Intel Corporation and TPG announced a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The new company will be called McAfee following transaction close. SVP and General Manager, Intel Security Group Chris Young will be appointed CEO of the new company upon closing of the transaction.
Avnet, Arizona - $26.219B, September 2016
Avnet announced that William J. Amelio has been appointed CEO of the company by the Board of Directors. Mr. Amelio has been acting in the role of interim CEO of the company since July 11, 2016.
CGI Group, Canada - $8.232B, September 2016
CGI appointed George D. Schindler, currently President and COO, to the role of President and CEO and member of its Board of Directors. He will succeed Michael E. Roach who will retire from the company, while remaining on the board.
Home Retail Group, UK - $5.873B, September 2016
J Sainsbury plc (Sainsbury's) and Home Retail Group plc (Home Retail Group) announced that the recommended acquisition of Home Retail Group by Sainsbury's has now completed in accordance with its terms. As set out in the Scheme Document, John Rogers has been appointed to the role of CEO of Home Retail Group effective from completion and will remain a member of the Sainsbury's Board and the Sainsbury's group operating board.
Benchmark Electronics , Texas - $2.384B, September 2016
Benchmark Electronics reported that it has named Paul J. Tufano as President and CEO, replacing Gayla J. Delly who has resigned from her positions as President, CEO and as a member of the Board of Directors to pursue other interests. Tufano, who joined the Company's Board of Directors in February 2016, brings broad experience to his new role, having spent over 35 years in the technology and telecommunications industries, most recently serving as CFO of the Alcatel-Lucent Group, a telecommunications company, from 2008 through 2013, where he also served as COO from 2012-2013.
Orange Egypt for Telecommunications, Egypt - $1.295B, September 2016
Orange Egypt recently appointed Jean-Marc Harion as CEO. With over 25 years of experience within the telecommunications sector, Harion previously served as CEO of Orange Belgium, as well as CEO of Orange Dominica.
National Instruments, Texas - $1.227B, September 2016
National Instruments elected COO & CFO Alex Davern, to serve as CEO and President, effective January 1, 2017. Davern will succeed Dr. James Truchard, who has served as the CEO of NI since the company's founding in 1976. Dr. Truchard will remain as Chairman of the Board. The Board of Directors plans to appoint Mr. Davern to the Board by the end of January 2017. In light of Mr. Davern's promotion, the company will start the process of considering candidates to serve as CFO and expects to complete the process by the end of 2016.
Polycom, California - $1.197B, September 2016
Polycom announced that Mary McDowell will succeed Peter Leav as its CEO effective and contingent on the closing of the merger of Polycom with an affiliate of Siris Capital. Peter Leav remains CEO and a board member until the transaction is closed.Ms. McDowell is a technology executive who has led global businesses in the mobile, consumer and enterprise sectors. She is currently an Executive Partner at Siris Capital. Prior to that, Ms. McDowell was the EVP, Mobile Phones at Nokia.
Kingsoft, China - $1.023B, September 2016
The Board announced that Tao ZOU, currently an executive Director and SVP of the company, has been appointed as CEO of the company to replace Dr. Hongjiang ZHANG.
Versum Materials, Pennsylvania - $954.1M, September 2016
Guillermo Novo will be the President and CEO of Versum and will be a member of its board of directors. He is currently EVP, Materials Technologies of Air Products.
P2 Energy Solutions, Colorado - $724.2M, September 2016
P2 Energy Solutions appointed Ray Hood as its President and CEO, effective October 1, 2016. Most recently, Hood drove Allegro Development to significant growth and international expansion. In his time at Allegro, he worked closely with companies in the upstream oil and gas space, and his customer-first philosophy will allow him to quickly and effectively guide P2’s employees. Hood succeeds Amy Zupon, who will leave October 1 to pursue a new opportunity outside of P2.
WebMD, New York - $670.9M, September 2016
WebMD Health Corp. announced that the Board of Directors has appointed Steven L. Zatz, M.D., its President, to serve as its CEO. Dr. Zatz has been a member of the senior leadership of WebMD and its predecessor companies for 17 years. Dr. Zatz was appointed President of WebMD in 2013 and, for the last three years, has been responsible for all aspects of the company's advertising and sponsorship business, which represents approximately 80% of the company's revenue.
TESSCO Technologies, Maryland - $524.9M, September 2016
TESSCO Technologies announced that its Board of Directors has appointed Murray Wright as President and CEO. Wright was also elected to TESSCO’s Board of Directors. Robert B. Barnhill, Jr. will assume the role of Executive Chairman and will continue to serve as the Chairman of TESSCO’s Board. Murray Wright was most recently CEO & President of Zones.
TiVo Solutions, California - $470.3M, September 2016
At the effective time of the TiVo Merger, all members of the TiVo Board of Directors were replaced by Pamela Sergeeff and Wesley Gutierrez. The company appointed Thomas Carson as CEO and President; Wesley Gutierrez as Treasurer (Principal Accounting Officer); Pamela Sergeeff as General Counsel and Secretary; and Laurence Denny as Assistant Secretary.
Saxo Bank, Switzerland - $445.1M, September 2016
Saxo Bank Switzerland has appointed Patrick Hunger as its CEO. Hunger has replaced Antonio Ferrante. Prior to this appointment, Hunger worked for Saxo Bank Switzerland as general counsel and member of the executive of its Swiss unit.
Ordina, Netherlands - $392.4M, September 2016
Ordina announced that its CEO Stepan Breedveld will step down from 01 April 2017. Jo Maes, responsible for Ordina's Belgian and Luxembourg activities since 2014, has been named his replacement.
WorldPay US, Georgia - $370.4M, September 2016
Worldpay announced that Kim Crawford Goodman is to join the Group on 7 November 2016 to become CEO of Worldpay US. After a handover period, she will succeed Floris de Kort who has decided to leave the Group at the end of this year. During Kim's 25 year career she has held senior positions in financial services and technology companies, including most recently at American Express where she ran its Merchant Services Americas business before becoming President of Global Business Travel.
Comtech Telecommunications, New York - $336.1M, September 2016
On September 29, 2016, Comtech Telecommunications Corp. announced that Mr. Fred Kornberg, the company's Chairman of the Board of Directors, has resumed his former role as CEO of the company, replacing Stanton D. Sloane, who has resigned as CEO, President and a member of the company's Board of Directors.
Internap, Georgia - $307.3M, September 2016
Internap Corporation announced that Peter Aquino, a 30-year technology, media and telecommunications (TMT) industry veteran, has been appointed as president and CEO and a member of the company's board of directors, effective on September 19, 2016. Mr. Aquino succeeds Michael Ruffolo, a board member who stepped in as CEO during 2015 to lead the company's customer-focused transformation.
Peak 10, North Carolina - $177.2M, September 2016
Peak 10  announced Chris Downie has been appointed Peak 10 CEO. The current CEO David Jones will fully transition into the role of Chairman of the Peak 10 Board of Directors. He was previously the CEO of Telx Holdings. Downie spent eight years helping Telx shape its growth and execution strategy.
BasWare, Finland - $162M, September 2016
Basware Corporation announced that Esa Tihilä has stepped down as CEO and will be succeeded by Vesa Tykkyläinen, who will commence in his new position on September 26, 2016. Vesa Tykkyläinen was previously SVP of the Network business area and a member of the Executive Team at Basware, having joined the company in January 2016.
Imprivata, Massachusetts - $131.1M, September 2016
Imprivata announced that it has appointed Gus Malezis as its new President and CEO, effective September 19, 2016. Prior to joining Imprivata, Gus was most recently the President of Tripwire, a leading global provider of endpoint detection and response, security and compliance solutions.
Heath Consultants Incorporated, Texas - $129M, September 2016
Heath Consultants Incorporated announced that the company's CEO, Graham Midgley, will retire at the end of November, 2016. Jeffrey M. Tuttle, currently General Manager for Greer Commission of Public Works and current Heath Board of Directors member, will succeed Mr. Midgley as CEO.
Centrotherm photovoltaics, Germany - $127.3M, September 2016
The Supervisory Board has appointed Jan von Schuckmann as Management Board Chairman (CEO) of the company with effect from October 1, 2016. Von Schuckmann, who led Rena Technologies GmbH for the past two years, previously spent nine years as CEO and management leader at Herlitz AG before restructuring Centrotherm as its chief restructuring officer and management board spokesman from June 2012 to April 2014.
K3 Business Technology Group, UK - $118.6M, September 2016
K3 Business Technology Group plc appointed Adalsteinn Valdimarsson as the company's CEO. Adalsteinn, who joined company on 11 July 2016 as a Non-executive Director, will take up his new position on 1 October 2016.
SciQuest, North Carolina - $106.3M, September 2016
Robert Bonavito, a 30-year technology, procurement and supply chain veteran has joined SciQuest as its new CEO.  Mr. Bonavito was most recently the Chairman of On Center Software.
Pricer AB, Sweden - $100M, September 2016
Andreas Renulf has been appointed as the new President and CEO of Pricer AB and will take up his position on January 1, 2017. Andreas was previously CEO and Group Managing Director of Scan Coin AB.
PCTEL, Illinois - $98M, September 2016
PCTEL announced that Marty Singer, PCTEL’s Chairman and CEO since 2001, will step down on January 2, 2017 and serve as Vice Chair until his retirement later in 2016. David Neumann, who currently leads PCTEL’s RF Solutions business as its SVP and General Manager, will become the company’s CEO in January.
Vimpel-Communications, Russia - $88.6M, September 2016
VimpelCom  announced that it has accepted the resignation of Mikhail Slobodin, CEO of VimpelCom Russia (Beeline), with immediate effect, following news regarding Mikhail Slobodin and his prior employer, T Plus. Kjell Johnsen, Head of Major Markets, will lead VimpelCom's business in Russia with immediate effect.
Cherwell Software, Colorado - $81.7M, September 2016
Cherwell Software announced that its Board of Directors has appointed Craig Harper as CEO. Vance Brown, Co-Founder and previously CEO, will assume a new role as the Executive Chairman of the Board. Mr. Harper joined the Cherwell Board in February 2014, and he transitioned to a full-time operational role in July 2014 as President of Cherwell, responsible for worldwide marketing, sales, services, and support. His promotion to CEO is part of the Board's succession plan.
MapR Technologies, California - $67.5M, September 2016
MapR Technologies appointed Matt Mills, previously president and COO, as CEO and board member. Company founder and previous CEO John Schroeder will assume the role of executive chairman.
BAIOO Family Interactive, China - $58.8M, September 2016
The board of directors of BAIOO Family Interactive Limited announced that Dr. XU Gang has tendered his resignation as the CEO of the Company with effect from 15 October 2016 in order to pursue other career opportunities. Dr. Xu will continue to be an executive Director and will be mainly responsible for the financing and investment activities of the Group. Following the resignation of Dr. Xu, Mr. DAI Jian, currently an executive Director and the chairman of the Board, will act as the CEO. The Board announced that as the term of his service contract has recently expired and will not be renewed in order to pursue other career opportunities.
Puppet Labs, Oregon - $44.2M, September 2016
Puppet appointed Sanjay Mirchandani as CEO and a member of the board of directors, replacing founder Luke Kanies, who will remain a strong advocate for the company as a member of the board. He joined Puppet in May of this year as the company's first president and COO.
Cemat, Denmark - $43.3M, September 2016
Cemat A/S appointed Abdelmottaleb Doulan as new CEO of the company. Abdelmottaleb Doulan has been part of the Cemat group for the last 5 years, and holds the position as CEO for the Cemat 70 S.A. as well as for the Topsil Global Wafers, Poland.
Vicon Industries, New York - $41.1M, September 2016
On August 31, 2016, the Board of Directors of Vicon Industries approved a change in John M. Badke's title to CEO from Interim CEO.
Mxi Technologies , Ontario - $32.5M, September 2016
Mxi Technologies announced that Jon Slangerup has been named Mxi’s new Chairman and CEO. Mr. Slangerup joins Mxi Technologies from the Port of Long Beach, where he is currently transitioning as its CEO to take on his new role at Mxi.
Ground Properties, Hong Kong - $32.1M, September 2016
Mr. Wang Guanghui, an executive Director of the company, has been appointed as CEO of the company with effect from September 14, 2016. Mr. Wang Guanghui has been an executive Director of the company since February 2015 and is the director in certain subsidiaries of the company. Mr. Wang has over 22 years of experience in real estate industry, specializing in construction project development, planning and management.
Evans & Sutherland Computer, Utah - $30.2M, September 2016
Evans & Sutherland Computer Corporation appointed Jonathan Shaw as CEO and a member of the Board of Directors in connection with the retirement of David Bateman as the company’s CEO and Board member, and the promotion of Kirk Johnson to President and COO, both effective immediately. Mr. Shaw was appointed President and CEO of E&S's subsidiary, Spitz, in November 2001, where he held various management positions since 1985.
Metalogix Software US, District Of Columbia - $29M, September 2016
Metalogix has announced that Ben Levitan has joined the company as CEO. Levitan succeeds acting CEO Abe Peled, who remains Executive Chairman of the Metalogix Operating Committee. Levitan has a technology leadership career extending over 25 years with leading companies including IMN (now Reynolds & Reynolds), EnvoyWorldWide (now Nuance Communications), Viand Corporation, In-Q-Tel, James Martin + Company and Cambridge Technology Partners.
mjunction Services, India - $25.9M, September 2016
mjunction services limited announced that Mr. Vinaya Varma, 47, took over as the CEO of the company. Mr. Varma has served the company for the last 15 years since its inception in 2001, and his last held position in the company was that of its VP.
Track Group, Utah - $25.6M, September 2016
Guy Dubois, Track Group's Chairman of the board of directors, remains Chairman and is now also appointed as CEO.
Symplicity Corporation, Virginia - $24.7M, September 2016
Symplicity Corporation announced that EdTech veteran Matthew Small has been hired as the company’s next President & CEO. Small joins the company from Blackboard, where he previously served as Chief Business Officer and President, International.
Auctionata AG; Paddle8, New York - $18.4M, September 2016
Auctionata | Paddle8 has expanded its leadership team. Thomas Hesse, 49, has been named new CEO, to lead the German-American high-growth company. In his role as CEO, Hesse succeeds Auctionata founder Alexander Zacke, 50, who has held this position since 2012. He was formerly President of Corporate Development and New Businesses and member of the Executive Board of Bertelsmann.
Ingenious Med, Georgia - $14.2M, September 2016
Ingenious Med announced that it has added Joe Marabito to its executive team as CEO. Marabito is joining Ingenious Med to replace retiring president and CEO S. Hart Williford. Williford will serve as chairman of Ingenious Med’s board of directors. Marabito formerly served as president and CEO of ikaSystems.
HireVue, Utah - $13.9M, September 2016
HireVue appointed Kevin Parker as CEO and Chairman of the Board. Parker succeeds HireVue founder Mark Newman, who will assume a new role as Chief Customer Officer with a special focus on customer engagement and long-term product strategy. Parker previously served as Chairman and CEO of Deltek and co-President and CFO of PeopleSoft.
Style Research Limited, UK - $12.9M, September 2016
Kirsten English joined as CEO of Style Research Limited. Earlier she served as Consultant to Private Equity for acquisitions and Investor Relations Director at Terra Firma Capital Partners., Washington - $12.1M, September 2016
Whitepages has named Rob Eleveld as its CEO. Prior to joining the company, Eleveld was CEO of Optify.
Eagle Eye Solutions Group, UK - $8.59M, September 2016
Tim Mason, previously Non-Executive Chairman, becomes CEO.
Spectra7 Microsystems, Ontario - $7.64M, September 2016
Spectra7 Microsystems announced that the board of directors has unanimously appointed Raouf Halim as CEO effective September 26, 2016.
Truveris, New York - $7.49M, September 2016
Truveris appointed Faisal Mushtaq as the CEO. Prior to joining Truveris, Mr. Mushtaq served as SVP and general manager, payer life sciences for Allscripts.
op5 AB, Sweden - $7.06M, September 2016
OP5 appointed Mr. Jonas Vestin as Group CEO. Vestin previously served as Group CEO of Pricer AB.
iLOOKABOUT, Ontario - $6.35M, September 2016
iLOOKABOUT Corp. announced that its board of directors has appointed Laurence Rose as CEO of the company effective immediately. In addition, Mr. Rose will make an equity investment in the company and will join its board of directors. Rose most recently served as chairman, president & CEO of Cantor Fitzgerald Canada Corporation, a wholly-owned subsidiary of Cantor Fitzgerald & Co.
Electronics Industry, Thailand - $5.25M, September 2016
Electronics Industry Public Company Limited announced that Kusol Sangkananta from an Independent Director to be the Authorized Director and CEO Office of the company.
Multimedia Platforms , Florida - $2.85M, September 2016
Robert Blair was reappointed as CEO of the company. Mr. Blair remains Chairman of the Board. Bobby Blair has over 25 years of experience in leadership in the business world and is a former world ranked professional tennis player. After retiring from tennis at the age of 23, Mr.  Bair became one of the youngest general managers in United States history for a professional sports franchise. 
Mobile Tornado Group, UK - $2.68M, September 2016
Mobile Tornado announced that Abraham Bahram Tooba has been appointed to the Board as CEO of the Group, replacing Jeremy Fenn, who will move to the role of Executive Chairman, replacing Peter Wilkinson, who in turn will move to the role of Non-executive Director, all with effect from 30 September 2016. Avi, joined Mobile Tornado as COO to lead the Group's technical and operations teams and brings significant experience to the business as the company continues to engage Tier 1 MNOs.
ApplyDirect, Australia - $0.473M, September 2016
ApplyDirect Limited announced that its new CEO, Mr. Lorcan Barden, will commence on September 12, 2016. Pursuant to the company's prospectus, upon Mr. Barden's commencement, the current Executive Chairman, Mr. Michael Kay, will assume the role of Non-Executive Chairman.
XcelMobility, California - $0.321M, September 2016
The Board appointed Mr. Zhixiong Wei, an existing member of the Board, as the Company’s CEO.
HealthTalk Live, Nevada, September 2016
The board of directors appointed Daniel Crawford to act as CEO, CFO, and a member of board of directors.
Uvic, Prior to Reverse Merger with Zoompass , Nevada, September 2016
Rob Lee was appointed as CEO, Director of the company.
Vertafore, Washington, September 2016
Vertafore appointed Amy Zupon as its new CEO, effective October 3, 2016. She joins the company from P2 Energy Solutions where she has served as CEO, and will succeed Jeff Hawn. Zupon has a proven track record of driving customer-centered innovation, scaling operational excellence, and uniting teams.
iPayment Holdings, California, September 2016
iPayment Holdings announced that Mr. O.B. Rawls IV will be elevated from his current position as Co-President to interim CEO and president of the company.
Kyyba, Michigan, September 2016
Kyyba has announced that COO Thiru Ganesan has been promoted to president and CEO of the company. He succeeds Tel Ganesan, who will transition to Chairman of the Board.
REI Systems, Virginia, September 2016
REI Systems is seeing a change at the top, with the company's co-founder and former CTO Shyam Salona named CEO of the company. The 59-year-old replaces co-founder and former CEO Veer Bhartiya, who will become executive chairman.
MtronPTI, Florida, September 2016
The LGL Group appointed its COO Robert Mamazza, Ph.D. to President and CEO of the company’s primary subsidiary, M-tron Industries (MtronPTI). Effective, October 1, 2016, Dr.  Mamazza will be replacing Michael J. Ferrantino, Sr., who will be stepping aside as CEO of MtronPTI, but will continue as Chairman and CEO of LGL.
Telarix, Virginia, September 2016
Telarix announced that it has appointed Marco Limena as its new CEO, succeeding Glen Kazerman. Previously, Limena led HP’s Network & Service Provider Solutions business globally, served as President and CEO of VoIP communications software provider Sylantro Systems, and most recently was VP in charge of driving growth of Microsoft’s B2B hosting and cloud business at a time of critical transformation for Microsoft to mobility and cloud.
Standard Solar, Maryland, September 2016
Tony Clifford has transitioned his CEO responsibilities to President Scott Wiater and will now serve the company as Chief Development Officer. Scott Wiater is now CEO and President of the company.
Emerald Medical Applications, Israel, September 2016
Mrs. Adi Zamir has been named as CEO of the Company and of Emerald IL. Prior to her appointment as CEO of the Company, Mrs. Zamir served as VP of Product Development for Emerald IL.
Truli Media Group, California, September 2016
Truli Media Group announced that Michael Jay Solomon resigned as President, CEO, and CFO and the Company appointed Mr. Elliot M. Maza as CEO and CFO. Mr. Solomon will remain Chairman of the Board of Directors. The office of President will remain vacant. Mr. Maza, has served as an executive officer and director of numerous public companies. From May 2006 through the present, he has served as either part-time or full-time CFO of Intellect Neurosciences and from July 2014 through the present he has also served as its Chairman and CEO.
Portlogic Systems, Ontario, September 2016
Michael E. De Valera was appointed as CEO. Mr. De Valera is an experienced technology executive and entrepreneur with more than 25 years' extensive career in the development of consulting practices specializing in managing IT needs for small and midsize corporates.
Drop the Chalk, Louisiana, September 2016
Kickboard announced that Stefan Kohler has been named CEO. For the past three years he served as EVP of Solution Tree, where he was responsible for the company’s marketing, sales, technology and business development divisions.
RosterBot, Canada, September 2016
Sora Capital Corp. announced its investee company RosterBot has engaged the services of a comprehensive senior management group. Sora also announced it has established a Restricted Share Unit Plan and names a new director. The team is led by Greg Stanway, as CEO and includes Tom Syvenky, Chief Operations Officer and Jeff Law, Chief Customer Officer.
3D Signatures, Canada, September 2016
3D Signatures announced that they have appointed Jason Flowerday, B.Sc., MBA as the company's new CEO. Mr. Flowerday was also co-founder and co-owner of both Orphan Canada and RxMedia Healthcare Communications.
FireMon, Kansas, September 2016
FireMon appointed Satin H. Mirchandani as President & CEO. His track record as founder, CEO and technology executive includes leading MessageOne and MD Buyline to successful exits, serving as VP of Global Services at Dell, and driving the IPO process for
AerData, Netherlands, September 2016
AerData announced that Matthew Bull is named CEO of AerData. Matt will be responsible for leading AerData through the next phase of growth, building on the solid foundation achieved by Mark Nieuwendijk and Paul van Tol, founders and former Co-CEOs of AerData. Matt joined Boeing in 2005 and has held various roles within the company. He most recently served as 787 Deputy Fleet Chief.
Acunetix, UK, September 2016
Acunetix appointed Chris Martin as its new CEO. Chris was promoted from his position as General Manager and is to take over from Nick Galea, who will be presiding over the company as Chairman, after having successfully led the company for the past eleven years.
Cure Forward, Massachusetts, September 2016
Cure Forward appointed Frank Ingari as CEO. Mr. Ingari has served the consumer, healthcare and information technology industries for the past 35 years. He previously held CEO appointments at NaviNet.
Teridion Technologies, Israel, September 2016
Teridion announced that it has appointed Christopher Keene as CEO. Keen has extensive experience scaling early-stage companies, having founded and taken public Persistence Software. More recently, he held executive roles at VMware and Mirantis. Elad Rave, founder of the company, will assume the role of CTO.
ACV Auctions, New York, September 2016
ACV Auctions appointed Synacor founder George Chamoun as CEO.He replaces ACV Auctions Co-founder Joe Neiman, who will focus on market development.
Sysomos, Ontario, September 2016
Sysomos appointed Peter Heffring, as its new CEO. He brings to the role more than 25 years of experience, most recently as founder and president of Sysomos platform business unit Expion.
Console, California, September 2016
Console reported that Jef Graham has joined the company as Chairman and CEO, succeeding founder and former CEO, Al Burgio. The company said that Burgio takes on the role of Console's Chief Strategy Officer. Prior to joining Console, Graham served nine years as Chairman and CEO of RGB Networks. From 2001 to 2005, Graham was Chairman and CEO of Peribit Networks.
Canatu Oy, Finland, September 2016
Canatu Oy announced that its Board of Directors has appointed Juha Kokkonen as CEO effective immediately. Juha previously held the position of General Manager of Windows Phones at Microsoft.
CyPhy Works, Massachusetts, September 2016
CyPhy Works announced that Lance Vanden Brook has been named CEO. Brook previously led a $1 billion business unit for Pilot Thomas Logistics serving as the SVP of their Energy and Industrial Group.
PayU Payments, India, September 2016
PayU has acquired Citrus Pay for $130 million in an all-cash deal. Citrus Pay, which was founded by Jitendra Gupta and Satyen Kothari in 2011, will become a wholly owned company of Naspers following completion of the deal. Citrus PayU's current managing director, Amrish Rau will become CEO of PayU in India and will report to PayU Global CEO Laurent le Moal. , Washington, September 2016
Jobaline appointed Douglas Johnson, as CEO. Johnson brings more than 15 years of experience as CEO, board member and company builder to his role at Jobaline. As CEO of Accessline Communications, Johnson drove a company turnaround that grew revenue 10x and went on to become the CEO of the acquiring company, Telanetix. At both companies and in his most recent role at Intermedia, which acquired Telanetix, Johnson has consistently focused on creating customer value and building company success.
ClickTale, New Jersey, September 2016
Clicktale announced that Tuval Chomut has been appointed as CEO. Chomut has previously served as COO of the company.
Rednote, New York, September 2016
Rednote announced a trio of new executive appointments to spearhead the company's growth: Andrew Blacker to CEO. Blacker brings over 20 years of experience launching and leading successful digital startups to his role as Rednote's CEO where he will define strategy for expansion and business development. Additionally, Blacker has held executive posts at AOL, Screenvision and Discovery, and was one of the first employees at Infoseek.
HealthMyne, Wisconsin, September 2016
HealthMyne has named Arvind Subramanian as its CEO and Board Member. Arvind brings 30 years of general management, process and functional expertise to the executive suite: as his foundation, he spent over 10 years at the General Electric Company. Arvind was named President & CEO of Wolters Kluwer Health’s Clinical Solutions (CS) business unit in 2006.
Myotest SA, Switzerland, September 2016
Myotest has named Dr. Christophe Ramstein as its CEO.Ramstein is the former VP of Engineering at Logitech, where he was VP of engineering responsible for product delivery of PC, tablet peripherals and gaming devices.
Console, California, September 2016
Console announced that Jef Graham has joined the company as Chairman and CEO, succeeding founder and former CEO, Al Burgio. Prior to joining Console, Graham served nine years as Chairman and CEO of RGB Networks., Illinois, September 2016 announced that Alex Vetter will serve as CEO and president of Vetter was named CEO and president of in November 2014.
Building Systems Design, Georgia, September 2016
BSD appointed Christopher Anderson as its new president and CEO.
Les Mills United States Trading, Maryland, September 2016
Les Mills International has named Brian Gagne as the new CEO of Les Mills U.S. Gagne previously served as COO for Health Fitness Corporation, where he provided leadership for the delivery of health and fitness management services for one in five U.S.
Multifonds, Luxembourg, September 2016
Multifonds has appointed Keith Hale as the firm's new CEO. Hale joined Multifonds in 2010 as global head of transfer agency before taking up the role of EVP responsible for client services and business development. Prior to Multifonds, he was co-founder and head of EMEA at Netik.
PropertyGuru, Singapore, September 2016
Hari Krishnan is promoted to become CEO of the company. This transition is part of a process initiated two years ago and succession plan. Hari joined PropertyGuru as President and CBO in January 2016.
Trustly Group, Sweden, September 2016
Trustly Group AB appointed Oscar Berglund as CEO. Berglund joined the company in 2013 as CFO and was appointed Deputy CEO in 2014.
INN Partners, Illinois, September 2016
Marc Wilson, CEO of has been named executive chairman of the company. Brad Ward, who currently serves as COO, will become CEO.
Cronycle, UK, September 2016
Cronycle appointed Theo Priestley as CEO. Prior to joining Cronycle, Priestley held the position of Chief Technology Evangelist for Software AG.
Construction Computer Software, South Africa, September 2016
Construction Computer Software welcomed their new CEO, Andrew Skudder. Andrew has worked for A.T. Kearney and Mitsui & Co.  and Murray & Roberts Limited, where he was Sustainability Director responsible for amongst other, sustainability, talent management, branding and communications, corporate social investment and corporate strategy support to the CEO and board. Andrew officially joined the CCS family on the August 15, 2016.

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Read 3362 times Last modified on Friday, 14 August 2020 15:48
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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