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Wednesday, 09 November 2016 13:36

145 Open Tech CEO Roles and 83 CEO Appointments Featured

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Detailed Version of Newsletter for month ended October 2016

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of October 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:145
New Tech CEO Appointments: 83 (7 women - 8%, 86 men)

New Technology CEO Stats
New Tech CEO Openings:20 – Ooredoo Q.S.C. (Qatar), Reliance Communications (India), GrameenPhone (Bangladesh), Omani Qatari Telecommunications Company SAOG (Oman), Sepura (UK), Marchex (Washington), Nera Telecommunications (Singapore), Support.com (CA), Xchanging Solutions (India), RF Industries (CA), Bartronics India (India), Uniserve Communications (Canada), Sunvault Energy (Alberta), DagangHalal (UK), iGAMBIT (NY), Thred (Australia), INTREorg Systems (TX), UA Multimedia (CA), FibreCo Telecommunications (South Africa), and Techstep (Norway).
 
CEOs Appointed
Sources of Appointments: 51 were External appointments, and 32 were internal promotions.
 
 
Others:  founders, former execs, CFOs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, and Leaders from acquired companies, etc.
 
Diversity: 8% of the appointments are women CEOs. CyberCore Technologies (MD), Art.com (CA), Social Solutions (MD), Steampunk Wizards (CA), WebPT (AZ), MobiCash (China), Nvoi (Australia).
 
 
 
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 - Atmel Corporation, San Jose, CA -  $1.4B , May 2015
#3 -  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.  www.vell.com
 
 

Open Tech CEO Roles

The Priceline Group, Connecticut - $9.6B, June 2016
The Priceline Group announced that COO Brett Keller has been named Interim CEO of priceline.com. Paul J. Hennessy, who has acted as CEO of since 2015, has resigned to pursue an ecommerce opportunity outside of the travel space.
Ooredoo Q.S.C., Qatar - $8.85B, October 2016
Ooredoo Q.S.C. has announced that Ooredoo Oman has accepted Mr. Greg Young’s resignation from his post as CEO, and appointed its CFO, Mr. Jorgen Latte, as Acting CEO until the company appoints a new CEO.
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.
Reliance Communications, India - $3.1B, October 2016
Reliance Communications Ltd. announced that the company has accepted request of Mr. Vinod Sawhny to step down as CEO of the company with effect from September 30, 2016 to enable him and his family to relocate to New Delhi for personal reasons. Mr. William (Bill) Barney and Mr. Gurdeep Singh, who are already working with the company, will function as acting Co-CEOs of the company with immediate effect.
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.
GrameenPhone, Bangladesh - $1.4B, October 2016
The Grameenphone Board of Directors has appointed Mr. Petter-B. Furberg (49) as the company's interim CEO, effective from 1 November 2016.Furberg is the SVP Telenor Digital Businesses, based in Bangkok. Furberg will replace Rajeev Sethi who will pursue new opportunities.
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.
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.
 
 
Omani Qatari Telecommunications Company SAOG, Oman - $694.2M, October 2016
Mr. Greg Young, CEO of Omani Qatari Telecommunications Company SAOG (Ooredoo), has resigned from
the company on October 18, 2016, for personal reasons. The Board has appointed Mr. Jorgen Latte, the company’s CFO as Acting CEO for an interim period until the Board appoints a new CEO.
 
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.
 
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.
 
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.
 
Optiemus Infracom, India - $288.9M, September 2016
Optiemus 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.
 
Sepura, UK - $215.6M, October 2016
Sepura PLC has appointed Alan Lovell as Chairman and David Barrass as Interim CEO. David has
held a number of CEO roles as well as non-executive positions. David's appointment reflects the extended period of absence being taken by Gordon Watling, the CEO, on medical advice, as announced on 14 September 2016. Richard Smith reverts to his role as CFO having previously also been 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.
 
Marchex, Washington - $142.1M, October 2016
Marchex announced changes to its executive leadership team to improve its operational performance
and focus on returning the company to profitability. Pete Christothoulou has resigned as CEO.  The Board of Directors has created an Interim Office of the CEO subject to oversight by Anne Devereux-Mills as Chairman and comprised of the following members: Russell Horowitz, former CEO and Chairman of the Board and current consultant to the company, Michael Arends, CFO; Ethan Caldwell, Chief Administrative Officer and General Counsel; and Gary Nafus, Chief Revenue Officer. The Board of Directors will begin a search for the company’s next CEO.
 
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.
 
Nera Telecommunications, Singapore - $137.6M, October 2016
The Board of Nera Telecommunications announced that Mr. Ang Seong Kang Samuel, CEO,
has tendered his resignation on October 24, 2016. In accordance with his contractual obligations, he will continue to be employed by the company for a period of 18 months and will facilitate the transition of leadership. His final day of service with the company shall be on April 23, 2018. The Board has appointed Mr. Beck Tong Hong to serve as acting CEO in the interim.
 
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.
 
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
Westell 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.
 
Support.com, California - $65.1M, October 2016
On October 28, 2016, Elizabeth M. Cholawsky resigned her position as president and CEO of Support
.com. On October 28, 2016, the board of directors of the company elected Richard Bloom as the interim president and CEO of the company. Mr. Bloom, age 49, currently serves on the board, and has served since June 2016.
 
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.
 
Xchanging Solutions, India - $42.2M, October 2016
Xchanging
Solutions Limited announced that company has received a resignation letter from Mr. Alok Kumar Sinha, CEO cum whole time director with effect from November 10, 2016.
 
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
Brady 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.
 
RF Industries, California - $32.7M, October 2016
RF Industries
announced that Johnny Walker, President and CEO, and the company mutually agreed to terminate his employment with the company to allow Mr. Walker to attend to family medical needs and to be closer to his residence in Arlington, Texas. Howard Hill, RFI's former President, CEO and Founder, will serve, without pay, as the company's interim President and CEO.
 
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.
 
Bartronics India, India - $25.4M, October 2016
Bartronics
India has informed that Mr. Pundarika Prasad Bibireddy, CEO of the Company, has tendered his resignation with a request to be relieved immediately. On the interim basis, Mr. K. Udai Sagar, Managing Director of the Company, will take charge of his responsibilities.
 
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.
 
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.
P
osera-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
The 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.
Uniserve Communications, Canada - $4.9M, October 2016
Uniserve Communications Corporation announced that Hashim Mitha, the current President and COO, has been appointed interim CEO allowing John Dobson to focus his efforts on growing the company`s enterprise consulting division.
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.
Sunvault Energy, Alberta - $3.87M, October 2016
Gary Monaghan has resigned as a member of board of directors. Mr. Monaghan concurrently resigned as CEO of company. The resignation of Mr. Monaghan is as a direct result of a change of control in the company per his management contract and a difficult personal family illness at home and not the result of any disagreement with company regarding operations, policies, practices or otherwise. Mr, Monaghan is enacting his change of control provisions within his management contract which is predominantly unpaid to date.
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.
 
DagangHalal, UK - $1.48M, October 2016
A search
for a replacement for CEO Mohamed Hazli Mohamed Hussain has commenced. In the interim period, Francis Chong, Managing Director and co-founder, has assumed the role of CEO with immediate effect.
 
iGAMBIT, New York - $1.47M, October 2016
The Board of Directors of iGambit unanimously voted to remove Rory T. Welch as its president
and CEO. On October 24, 2016, Board of Directors unanimously voted to appoint John Salerno as its interim President and CEO, to replace its current president and chief executive. Officer Rory T. Welch. Mr. Welch will remain in the role of CEO and President of Subsidiary Wala.
 
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
David Stefanksy, a member of the Company's Board of Directors, will serve as Interim CEO.
 
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.
 
Coins.sx, 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.
 
Thred, Australia, October 2016
Founder and CEO, David Whitaker will transition from his role as CEO, effective October 5, 2016 to take on the important roles of Chief Information Officer and Commercial Director.
Chris Adams, currently an Executive Director, will become Interim CEO, effective 5th October. Chris has a long and successful career in media, digital, strategy and commercialisation including past roles with Facebook, Amazon, and Participant Media, as a Director for Manalto.
 
INTREorg Systems, Texas, October 2016
INTREorg Systems appointed, Mr. Thomas Lindholm to serve as a member of the company's board of directors. The board intends for Mr. Lindholm to serve as Executive Director (Officer) and be charged with recruiting and hiring a full time CEO for the Company to replace out-going President, Darren Dunckel. Currently, Mr. Lindholm is CEO of Rangeford Resources. Previously Mr. Lindholm was EVP of Radiant Oil and Gas and consultant to several other oil and gas companies in Houston, Texas.
 
UA Multimedia, California, October 2016
UA Multimedia announced that due to weak results in the movie production business, the Company has appointed Thu Pham as acting CEO to oversee a shift in operations and guide the Company into the advantageous and thriving cannabis industry.
 
FibreCo Telecommunications, South Africa, October 2016
FibreCo Telecommunications has appointed Simon Harvey as its interim CEO for the next six months. The company says Harvey is taking over from Arif Hussain, who is leaving FibreCo after six years to pursue personal interests.
 
Techstep ASA, Norway, October 2016
Techstep ASA announced that the termination notice period for its CEO, Lonnie Schilling, has expired and, as a result, that Mr. Schilling no longer serves as CEO of the company. By resolution of the board of directors of the company, Fredrik Johansson, COO and acting CFO, has assumed the position as acting CEO, pending the board's decision on a permanent CEO.
 
Other Moves:
 
Home Retail Group, UK - $5.87B, October 2016
Home Retail Group plc has announced that John Walden, CEO, will step down from his role of group and its principal business, Argos, upon completion of the proposed acquisition of the Group by J Sainsbury plc. John joined the Group in February 2012, initially as Managing Director of Argos. He was subsequently promoted to Chief Executive of the Group in March 2014.
Hexagon, Sweden - $3.5B, October 2016
Hexagon AB announced that Ola Rollén will resume his position as CEO. The detention period will end on November 4, 2016. The board of director’s has full confidence in Ola Rollén and he will resume his position as CEO as soon as the detainment is ended.
Premier Farnell, UK - $1.23B, October 2016
On 13 October 2016, Premier Farnell announced that the High Court of Justice in England and Wales had made an order sanctioning the scheme of arrangement (the Scheme) relating to the recommended cash offer by Bidco, an indirect wholly-owned subsidiary of Avnet, for the entire issued and to be issued share capital of Premier Farnell (the Acquisition). Jos Opdeweegh's role as CEO of an English listed public company no longer exists within the Combined Group and he will therefore cease to be an employee of Premier Farnell with immediate effect. 
 
Schweizer Electronic, Germany - $126M, October 2016
Schweizer Electronic AG was informed that due to health reasons, Dr. Maren Schweizer, CEO will not be available for the company until further notice.
 
 

Google Fiber, California - $21.5M, October 2016
Google Fiber said that Craig Barratt will be stepping down from his role as CEO and will remain as an adviser within Alphabet, Google's parent company. The company also did not name a new CEO to replace Barratt.

Tech Companies: CEOs Appointed

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

Ericsson, Sweden - $26.95B, October 2016
Ericsson announced that its Board of Directors has appointed Borje Ekholm President and CEO. Borje Ekholm joins Ericsson from his current position as CEO of Patricia Industries.
Telefônica Brasil, Brazil - $13.06B, October 2016
Telefónica announced the Board of Telefónica Brasil has appointed Eduardo Navarro de Carvalho as new President and CEO, starting January 1. Eduardo Navarro currently is Chief Commercial Digital Officer of Telefonica S.A.
TE Connectivity, Switzerland - $11.89B, October 2016
TE Connectivity announced that its board of directors has appointed Terrence Curtin to succeed Tom Lynch as the company's CEO, effective March 9, 2017. Curtin was previously elected to TE Connectivity's (TE) board of directors and is currently TE's president.
Rogers Communications, Ontario - $10.39B, October 2016
Rogers Communications announced that President and CEO Guy Laurence will step down effective immediately. The company also announced that it is Rogers intention to hire Joseph Natale as President and CEO as soon as he is in a position to join Rogers. During the interim, Alan Horn will act as President and CEO. Natale was most recently President and CEO of TELUS Corporation where he held progressively senior executive roles since joining that company in 2003.
HCL Technologies, India - $6.59B, October 2016
HCL Technologies Ltd. appointed C Vijayakumar, COO of the company as the President and CEO of the company, with effect from October 20, 2016. Anant Gupta has decided to leave the company to pursue personal interests.
Plantronics, California - $873.7M, October 2016
Plantronics announced that Joe Burton, the company's former Chief Commercial Officer, officially transitioned into the role of President and CEO.
Mail.Ru Group, Cyprus - $604.2M, October 2016
The head of social network VKontakte, Boris Dobrodeyev will assume the position of CEO of Mail.ru Group in Russia.
Kulicke and Soffa Industries, Singapore - $600.5M, October 2016
Kulicke and Soffa Industries announced that it has named Fusen Chen as President and CEO.  He was also elected to the Board of Directors of K&S. Fusen joins K&S from Mattson Technology where he was the President and CEO.
CyberCore Technologies, Maryland - $484.7M, October 2016
CyberCore Technologies has hired Christina Kuhn, an executive at a Frederick cyber security company, as its new president and CEO.
Progress Software, Massachusetts - $400.3M, October 2016
Progress appointed Yogesh Gupta as its new CEO. Phil Pead, Progress’ current CEO, is retiring but will continue to serve on the Progress board of directors. Prior to joining Progress, Gupta was president and CEO of Kaseya from 2013 until 2015.
Moneysupermarket.com, UK - $392.8M, October 2016
Moneysupermarket.com Group named Mark Lewis as CEO, succeeding Peter Plumb. Lewis is currently Retail Director of John Lewis.
NCI, Virginia - $329.3M, October 2016
NCI announced that its board of directors has appointed Paul A. Dillahay as president and CEO. Dillahay previously held the position of EVP of CACI International’s Health and Litigation Solutions group.
Addnode Group, Sweden - $251M, October 2016
Addnode Group AB (publ)'s board of directors has decided to appoint Johan Andersson as new President and CEO from the AGM on 4 May 2017. Johan Andersson is currently CFO of the group and has been a part of the Group Management since 2007.
Marketo, California - $241.4M, October 2016
Marketo announced that it has hired Steve Lucas as its new CEO.Lucas joins Marketo from his role as President, Enterprise Platform & Analytics, at SAP.
Art.com, California - $188.2M, October 2016
The Board of Directors for Art.com appointed Kira Wampler as CEO and a member of the Board of Directors. Prior to joining Art.com, Wampler served as Chief Marketing Officer at Lyft.
Nextgen Group, Victoria - $181.8M, October 2016
The Board of Nextgen Group announced that David Yuile, the former CEO of AAPT, has been appointed Group CEO.
Asia Satellite Telecommunications, Hong Kong - $168.8M, October 2016
The board of directors of Asia Satellite Telecommunications Holdings Limited announced that in anticipation of Mr. William Wade reaching retirement age in 2017, Andrew Gervase Jordan will be the new executive director, president and CEO of the company. Jordan served as an Executive Vice President of Strategic Projects at Eutelsat Communications Société Anonyme since July 2013 until July 31, 2016.
Hostway Services, Illinois - $157M, October 2016
Emil Sayegh was named CEO of Hostway Corp. on October 5, 2016. Sayegh most recently spent four years as CEO of Codero Hosting. Sayegh replaced Robert Boles as CEO of Hostway.
Evolution Gaming Group, Sweden - $116.8M, October 2016
Martin Carlesund takes the role as CEO of the group. Martin Carlesund is CEO of Evolution Malta since June 2015.
Evolution Gaming Group, Sweden - $116.8M, October 2016
Johan Nordström is employed as CEO of the operational entity. Johan Nordström most recently was President Asia at EF Education First.
SciQuest, North Carolina - $106.3M, October 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.
GB Group, UK - $105.7M, October 2016
GB Group PLC appointed Chris Clark as its new CEO, replacing Richard Law who is retiring from the Board after 14 years as CEO. It is anticipated that Chris will join GBG on 1 April 2017, providing sufficient time to complete an orderly handover. Chris Clark is a highly experienced, successful and well-regarded business leader who, since early 2012, has gained experience in similar markets to GBG as MD, UK, Ireland and EMEA of Experian.
Corporate Risk Holdings, Virginia - $102.8M, October 2016
LDiscovery and Corporate Risk Holdings announced a definitive purchase agreement under which LDiscovery will acquire Kroll Ontrack at $410 million. President and Founder at Ldiscovery Chris Weiler to become CEO of the combined organization.
Pricer AB, Sweden - $87.5M, October 2016
Pricer AB announced that Andreas Renulf has been appointed as the new President and CEO and will take up his position on January 1, 2017. Andreas was previously CEO and Group Managing Director of Scan Coin.
Quantel, France - $76.2M, October 2016
QUANTEL announced that Alain de Salaberry will be resigning from his positions as Chairman and CEO and as a director of QUANTEL following the proposed capital increase. Marc Le Flohic, ESIRA's current Chairman, will be Chairman and CEO of QUANTEL.
Market Track, Illinois - $65.5M, October 2016
President Dennis Moore will be promoted to CEO. Moore will succeed Wayne Mincey, who will become the Executive Chairman of company's Board of Directors.
BAIOO Family Interactive, China - $58.8M, October 2016
DAI Jian, currently an executive Director and the chairman of the Board, will act as the CEO.
Social Solutions, Maryland - $48M, October 2016
Social Solutions Global announced that Kristin Nimsger will join the company as CEO.  Kristin brings to Social Solutions extensive expertise and visionary leadership in the foundation and non-profit space, having previously served as CEO of MicroEdge, the world’s leading grants management software company.
Terago, Ontario - $46.3M, October 2016
Terago appointed Antonio (Tony) Ciciretto as President and CEO and will replace Stewart Lyons. He recently served as President and CEO of Cogeco Peer 1 (formerly known as Cogeco Data Services) for over six years.
Temple & Webster Group, Australia - $37.9M, October 2016
Temple & Webster announced that it had appointed the current Interim CEO, Mark Coulter, as CEO.
Eucon Holding, Singapore - $31.1M, October 2016
The Board of Directors of Eucon Holding Limited appointed Mr. Ji Zenghe as an Executive Chairman and CEO. From 2003 to Present, Mr. Ji is Chairman, Beijng Aozhongxingye Real Estate Development Co. Ltd.
Metalogix Software US, Washington, D.C. - $29M, October 2016
Metalogix reported that Ben Levitan has joined the company as CEO. Levitan has a technology leadership career extending over 25 years with leading companies including IMN (now Reynolds & Reynolds), EnvoyWorldWide, etc.
Castleton Technology, UK - $25.9M, October 2016
Castleton appointed Dean Dickinson as CEO, effective from 31 October 2016. Dickinson was previously Managing Director of Advanced Business Solutions.
TractManager, Tennessee - $22.4M, October 2016
TractManager announced that it has named Trace Devanny as CEO of the company. Devanny joins TractManager from his position as President of Nuance Communications’ Healthcare Business.
Emergency Communications Network, Florida - $22.1M, October 2016
Emergency Communications Network appointed Wain Kellum as CEO. Kellum joins the company from Vonage Business Solutions, where he served as the division’s President.
Dovetail Insurance, South Carolina - $16.3M, October 2016
Marsh announced that Rich Drab has joined the firm as CEO of Dovetail Insurance. He joins from IBM, where he most recently served as a partner in its Global Business Services practice.
Elephant Talk Communications, New York - $13.3M, October 2016
Elephant Talk Communications appointed Vic Bozzo as CEO. Prior to joining Pareteum Corporation, Bozzo served as SVP, Worldwide Sales and Marketing for Telarix.
ClosingCorp, California - $13.2M, October 2016
ClosingCorp announced that Bob Jennings has been named as the company's new CEO. Jennings was previously EVP of RealEC® Technologies, a division of Black Knight Financial Services.
Critical Mention, New York - $11.2M, October 2016
Don Yount has been named CEO of Critical Mention. He had been serving as the company’s president since March and succeeds Sean Morgan.
KnowledgeLake, Missouri - $10.3M, October 2016
KnowledgeLake announced that its Board of Directors has appointed its COO Bernie Schweiss as CEO.
Clinicient, Oregon - $9.34M, October 2016
Clinicient appointed T. Kent Rowe as CEO. Prior to joining the company, Rowe served as SVP of Sales at ZirMed.
Intermap Technologies, Colorado - $9.27M, October 2016
Intermap announced that Mr. Todd R. Oseth, CEO and Mr.  Richard Mohr, CFO are no longer with the company. Mr. Patrick A. Blott, Chairman of the Board, has been appointed CEO.
HealthWarehouse.com, Kentucky - $8.29M, October 2016
HealthWarehouse.com appointed Jeffrey T. Holtmeier as the President and CEO of the company. Founder & former CEO, GENext.
Xtranet Gruppen i Stockholm, Sweden - $4.93M, October 2016
Xtranet Gruppen I Stockholm has appointed Hafsteinn Jonsson as CEO. Hafsteinn Jonsson takes over as the new President of Xtranet Gruppen i Stockholm AB (publ), while current CEO, Mats Ferm, leaves his position. Hafsteinn Jonsson, who started at Xtranet in the autumn of this year, prior to its recent position as CEO of MittNat AB and metro network manager in Karlstad.
Connexionz, New Zealand - $2.72M, October 2016
Connexionz Limited appointed Rhod Pickavance a CEO, to replace Roger Carruthers. Rhod will continue to discharge the role of sales director pending the appointment of a successor to this role which is likely to be US based. Prior to joining Connexionz Rhod was regional manager for Asia, Missle East and Australia for Hamilton jet.
Mobile Tornado Group, UK - $2.68M, October 2016
Mobile Tornado announced that Abraham Bahram Tooba has been appointed to the Board as CEO of the Group. 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 continue to engage Tier 1 MNOs. He was previously the senior director of engineering at Motorola Solutions.
Jian ePayment Systems, China - $0.655M, October 2016
Li Sui Yang, an executive director and the chairman of the company, will be appointed as the CEO, an agent for service of process in Hong Kong and an authorised representative of the company with effect from 1 November 2016.
Netlinkz, Australia - $0.221M, October 2016
NetLinkz Limited appointed Suthan Naganayagam as managing director and CEO, based in Sydney. He has over 15 years' experience in the technology industry, most recently with software giant, SAP, where he led the launch and development of the SAP HANA Cloud Platform Ecosystem.
BrainChip Holdings, Australia, October 2016
BrainChip Holdings Limited announced that Mr. Louis DiNardo has been appointed the CEO of the Company. He is currently a board member of NYSE listed Quantum Corp.
Smart Server, California, October 2016
On October 24, 2016, Steven R. Berrard resigned as Smart Server's CEO and Marshall Chesrown was appointed Chairman and CEO of the company.From December 2014 to September 2016, Mr. Chesrown served as COO and as a director of Vroom.com, an online direct car retailer.
Bromium, California, October 2016
Bromium appointed Gregory Webb as CEO. With over 10 years of security industry and management experience, Webb will be responsible to continue Bromium's strong growth trajectory through a reinvigorated marketing and sales strategy.
Pacific Software, Nevada, October 2016
The Board appointed Harrysen Mittler as the company's President, CEO, Secretary and Chairman of the Board. From 2016 to present Mr. Mittler has served as President and Director of ePiQ Entertainment.
NUVI, Utah, October 2016
Keith Nellesen, company’s current chairman of the board, will resume the role of CEO, which he held until November 2015.
Simply Measured, Washington, October 2016
Simply Measured announced that current COO, Michael Wasyluka, has been named CEO and will be replacing Interim CEO, Sameer Kazi, who will continue to serve on Simply Measured's board of directors.
Aqua Comms, Ireland, October 2016
Aqua Comms DAC appointed Nigel Bayliff as its new CEO. Bayliff also served as CEO and a board member of Huawei Marine Networks.
Kindara, Colorado, October 2016
Ira Hernowitz has been named CEO. In his former role as President of Stride Rite, Hernowitz led the turnaround and re-branding of the popular children's footwear brand. Prior to Stride Rite, Hernowitz acted as EVP for ToysRUs/BabiesRUs and served as SVP of Marketing North America during his 16-year tenure with Hasbro.
Conservis, Minnesota, October 2016
Conservis announced that it has appointed Sherman Black as CEO. Black is a seasoned leader with extensive senior executive experience at both public and private companies including Qumu, Rimage and Seagate Technology.
PayCommerce, New Jersey, October 2016
PayCommerce announced Max Narro as CEO. Mr. Narro, formerly President of WorldPay, U.S. Small Business and Senior Executive at Fiserv and First Data, will also join the PayCommerce board of directors.
Steampunk Wizards, California, October 2016
Cuilian Cai, was appointed as a director and CEO and CFO of the Company. Ms. Cai was a founder of a foreign trade vegetable company called Qingsong Vegetables Foreign Trade Export Company, which was founded in 1992 where she focused primarily on foreign exports. Cai currently is the Sales Manager for Shanghai Sanyuan Industrial Ltd.
Techstep, Norway, October 2016
Gaute Engbakk has been appointed CEO of Techstep ASA with start from November 5, 2016. Mr. Engbakk is an experienced change leader from working many years in Accenture with large international companies. Mr. Engbakk led Creuna AS, branding and advertising during 2010-2014, and during 2014-2016 he was the CEO of Gambit Hill & Knowlton Strategies.
NuLife BioMed; SmooFi, California, October 2016
John Hollister will be leading Smoofi and NuLife going forward as CEO. John was previously CEO of Nemus Bioscience and served as a strategic consultant working with early stage healthcare companies.
WebPT, Arizona, October 2016
WebPT named Nancy Ham as new CEO. Ham, former CEO of Healthagen Population Solutions, joined WebPT, replacing Paul Winandy, who served as the company's CEO for six years.
Baseline, Idaho, October 2016
Bird & Bird has appointed Edoardo Monopoli as its new CEO of Baseline after the departure of Dominic Cook in August. Edoardo joins from Valeocon, where he remains a partner and leader of the UK team.
MyFiziq, Australia, October 2016
MyFiziq Limited appointed its Business Development Consultant Vlado Bosanac as an Executive Director and CEO, effective 17 October 2016.
Micron Optics, Georgia, October 2016
Todd Haber has been promoted to CEO and President, having most recently served as the Micron Optics Chief Technology Officer.
Bimedia SAS, France, October 2016
Jean-Baptiste Pondevy, Chairman of the Supervisory Board and founder of Bimedia announced Guillaume Dewael’s immediate appointment as CEO of the Group. Before joining Bimedia, Guillaume Dewaël served as Vice-President at MoneyGram International. He joined MoneyGram in 2005 and held several executive leadership positions in Europe and Africa.
Invoca, California, October 2016
Invoca announced Gregg Johnson as its new CEO. TMost recently, Johnson led Salesforce Marketing Cloud's social marketing product line, where he integrated $1 billion of M&A investments into the Salesforce product portfolio.
3D Icon Corporation, Prior to Reverse Merger with Coretec Industries LLC, Oklahoma, October 2016
3DIcon Corporation announced that it has appointed Doug Freitag as its CEO. Freitag previously served the company in the role of VP of Technology and Business Development.
Upper Street Marketing, California, October 2016
Upper Street Marketing announced former CFO of Mike's Hard Lemonade U.S., Feza Sanigok, will serve as CEO and interim CFO of Upper Street and will lead a new venture with the acquisition of Ennoble Progressive Beverage Distribution.
Ant Financial Services Group, China, October 2016
Ant Financial Services Group has appointed Eric Jing as its CEO. Jing currently serves as president of Ant Financial. He will replace Lucy Peng as Ant Financial CEO. Peng will remain executive chairman and focus on the company's longer-term global strategies.
Cyanogen, California, October 2016
Cyanogen, which was recently in news for laying off 20% of its workforce has appointed the former COO Lior Tal as new CEO, while the co-founder and CEO Kirt McMaster will be shifting to an 'Executive Chairman' role. Along with Kirt McMaster, Co-founder, and former CTO Steve Kondik has also been transitioned into CSO, chief science officer.
MobiCash, China, October 2016
MobiCash announced that its board of trustees has unanimously chosen Ann J. Camarillo as the organization's next Group CEO. Camarillo, who currently serves as the company board member, will succeed Patrick G. Ngabonziza the company's Chairman and current Group CEO.
Kiosked, Finland, October 2016
Antti Pasila has been named as CEO of Kiosked in a natural evolution from his former role as Chief Strategy Officer. Pasila co-founded the company in 2010 with Micke Paqvalen, who previously served as CEO and has now been appointed Chairman of the Board.
Banyan Technology, Ohio, October 2016
Banyan Technology appointed Brian Smith as CEO. Smith brings more than two decades of 'C-suite' experience to Banyan Technology. Prior to joining Banyan Technology, Smith served as President & CEO of Proforma, an international distributor of custom printed and promotional products.
3D Signatures, Canada, October 2016
3D Signatures has appointed Jason Flowerday, B.Sc., MBA as the company's new CEO. Flowerday has extensive life sciences leadership experience including over a decade of business development and marketing work for two of the pharmaceutical companies, Bayer AG and Johnson and Johnson.
Nvoi Limited, Australia, October 2016
Jennifer Maritz has been appointed CEO. Ms. Maritz replaces Mr. Warwick Kirby, who has held the position of Nvoi CEO for the past 12 months. Ms. Maritz, who brings more than 25 years of experience in business and the IT sector, joins the company from IBM, where she served as VP of its Global Complex Sales Business covering more than 16 countries.
iPerceptions, Canada, October 2016
iPerceptions appointed Martin Le Sauteur as CEO. Le Sauteur joins iPerceptions from Marketel McCann Erickson where he was President and COO.
GT Advanced Technologies, UK, October 2016
GT Advanced Technologies appointed Greg Knight as CEO. Knight, a member of the GT board, has extensive PV industry experience, with leadership positions at various companies, including GT, where he was the director of process engineering during GT's rapid expansion in the PV industry between 2006 and 2010. Most recently, he was founder and CEO of Exawatt and PV Tech Group.
Xyleme, Colorado, October 2016
Xyleme appointed Greg Schottland as their new President and CEO. Schottland has led the company operations and engineering teams for 5 years. During that time he has spearheaded the transition of the company's software solutions to a SaaS-based learning platform, positioning them for further expansion.
comForte 21 GmbH, Germany, October 2016
comForte 21 announced that its CEO, Dr. Michael Rossbach, has retired from the company as planned effective 30th September 2016. Dr. Michael Rossbach's retirement follows the appointment of Michael Deissner as his successor as the CEO. Michael Deissner is joining comForte from Cytonet, a biotech company, where he was Managing Director for the last 15 years.
Zoomaway Travel, Canada, October 2016
ZoomAway Travel (formerly named Multivision Communications) completed the acquisition of ZoomAway. Sean Schaeffer is appointed as the new President & CEO and will also serve as a Director. Sean has spent the last 30 years in the Gaming and Hospitality industries.
Blockstream Corp, Canada, October 2016
Blockstream announced that its board of directors unanimously appointed the company's co-founder Dr. Adam Back as CEO of the company. Adam replaces the outgoing CEO, Austin Hill, who recently stepped down from the board to pursue other opportunities.
SPi Global Holdings, Philippines, October 2016
SPi Global has completed the exit of its CRM business unit to Relia. Maulik Parekh, SPi Global President and CEO will transition to head SPi CRM (now a Relia company). With this development, the company appointed Ratan Datta as SPi Global President and CEO. Ratan joined SPi 13 years ago and headed Global Operations of Content Solutions from 2007. From 2013 he led the business as President of Content Solutions.
 

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Read 3879 times Last modified on Friday, 14 August 2020 15:44
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, garage.ca, 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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