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Tuesday, 13 December 2016 08:56

155 Open Tech CEO Roles and 73 CEO Appointments Featured

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Detailed Version of Newsletter for month ended November 2016

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

The average length of time the CEO searches have been open is 9 months, up from 7 months earlier this year. There is little variance across geographies.

Total Tech CEO Roles Open:155

New Tech CEO Appointments: 73 (2 women – 2.8%, 71 men)

New Technology CEO Stats

New Tech CEO Openings: 12 – Telefónica Deutschland Holding (Germany), Nuance Communications (MA), FTD Companies (IL), Syntel (MI), YuMe (CA), Model N (CA), Yuuzoo (Singapore), Jiangsu Nandasoft Technology (China), NetComm Wireless (Australia), Giken Sakata (Singapore), Touchcorp (Australia), and Brekford (MD).

CEOs Appointed

Sources of Appointments: 36 were External appointments, and 37 were internal promotions.

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

Diversity: 2.8% of the appointments are women CEOs. (China) and Interups (NY).

Geographic Distribution: 44 in North America, 9 in Europe, 19 in Asia/Russia/Australia, and 1 in Latin America.

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 - 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.

Open Tech CEO Roles

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. Robert Bakish named as Acting President and CEO
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.
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.
Telefónica Deutschland Holding, Germany - $8.75B, November 2016
Deutschland Holding AG announced that CEO Thorsten Dirks is to leave the management board of the company in 2017. As mutually agreed, this termination will become effective at the end of the first quarter 2017.
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 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.
Nuance Communications, Massachusetts - $1.9B, November 2016
Communications announced that its Board of Directors has extended Nuance Chairman and CEO Paul Ricci’s employment agreement through the first half of fiscal 2018. Mr. Ricci has advised the Board that he intends to retire at the end of this term. The Board of Directors will undertake a search process to choose Mr. Ricci’s successor during the term.
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.
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.
FTD Companies, Illinois - $1.14B, November 2016
FTD Companies
announced that Christopher W. Shean, one of the company’s directors, has been appointed interim President and CEO. Shean has served as one of FTD’s directors since December 2014. Mr. Shean is CEO of Liberty Expedia Holdings.
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.
Syntel, Michigan - $983.2M, November 2016
appointed Rakesh Khanna, formerly COO, as interim CEO and President, effective November 3, 2016. 
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 , New Zealand - $718.7M, August 2016
Chorus 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 , Victoria - $529.4M, November 2015
UXC 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. 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. 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.
YuMe, California - $168.7M, November 2016
YuMe announced that Jayant Kadambi will no longer serve as YuMe’s Chairman of the Board and CEO. Mr. Kadambi will remain on the Board. YuMe’s Board of Directors has named Paul Porrini to the role of Interim CEO. Mr. Porrini most recently served as the Company’s EVP, General Counsel and Secretary, and has led YuMe’s legal and human resources functions since July 2012.
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.
Model N, California - $107M, November 2016
Model N announced that effective November 15, 2016, Zack Rinat has re-assumed the role of CEO on an interim basis to replace Edward Sander, who will be leaving the company and resigning from the board of directors effective November 18, 2016. Mr. Rinat is Model N's founder and has served as the Chairman of the board of directors since the company's inception in December 1999. Mr. Rinat also served as the company's CEO from December 1999 to February 2016 and as Executive Chairman since February 2016.
Yuuzoo, Singapore - $106.1M, November 2016
Yuuzoo Corporation Limited announced the cessation of James Matthew Somasundram as CEO. Due to personal reasons or health reasons.
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.. 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.
Jiangsu Nandasoft Technology, China - $81.3M, November 2016
The board of directors of Jiangsu NandaSoft Technology Company
Limited announced that Mr. QIAO Ruo Gu has resigned from the offices of executive director and CEO of the Company, and Mr. DONG Liang has resigned as supervisor representing the shareholders of the Company, both with effect from 9 November 2016, due to their desire to devote more time on their personal affairs.
B.S.D. Crown, Israel - $81.2M, August 2016
BSD Crown. 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.
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., California - $65.1M, October 2016
On October 28, 2016, Elizabeth M. Cholawsky resigned her position as president and CEO of 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.
NetComm Wireless, Australia - $63.4M, November 2016
NetComm W
ireless Limited announced that David Stewart will be retiring from the role of CEO & Managing Director, as well as from the company's Board, effective from 23 December 2016. Until a formal appointment has been made, Ken Sheridan, the company's current Chief Strategy Officer and Executive Director has been appointed Interim CEO.
Giken Sakata, Singapore - $55.5M, November 2016
Giken Sakata
(S) Limited announced cessation of Tan Kay Guan as Executive Director and CEO of the company, to pursue personal interest.
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 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., , 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.
Touchcorp, Australia - $34.3M, November 2016
Limited announced that Managing Director, Mr. Adrian Cleeve, passed away on November 8, 2016 after a short illness. The Chairman of Touchcorp, Mr. Mike Jefferies, has been appointed as acting CEO.
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 , 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. 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 , 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.

Brekford, Maryland - $16M, November 2016
Brekford Corp. announced that effective November 23, 2016 the company entered into a separation
agreement with C.B. Brechin, the company's CEO and CFO. Pursuant to the Separation Agreement, as of the Effective Date Mr. Brechin commenced a sabbatical leave from his position as the company's CEO and CFO. Mr. Brechin will continue to serve as a member of the Board of Directors of the company. Commencing 18 months after the Effective Date, Mr. Brechin will serve as a consultant to the company for a period of four years pursuant to the terms of a consulting agreement between the company and Mr. Brechin. Rodney Hillman, the company's President and COO was named principal financial officer as of November 23, 2016.

Micronet, Israel - $15.4M, September 2016
On September 18, 2016, Mr. Shai Shalom Lustgarten, CEO of Micronet. notified the company of his resignation. Mr. Lustgarten's notice of his resignation was accepted by Micronet., 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. 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 , Australia - $13.8M, November 2015      
Corum Group 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 , Thailand - $5.3M, August 2016
Electronics Industry Public Company (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.. 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 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.

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 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 , 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 announced that Superloop Executive Director and Founder, Mr. Bevan Slattery will be taking the role of Interim CEO of Superloop. Slattery will remain in the role of company Chairman.
AppYea, Texas, February 2016     
On February 4, 2016, AppYea's sole director, CEO and CFO, Jackie Williams, passed away. Effective February 16, 2016, pursuant to the company's Bylaws, shareholders holding a majority of the common share votes, voted by written consent to appoint Keri Williams and Devin Beavers to serve as directors of the company. In addition, on February 16, 2016, the newly appointed board of directors appointed Devin Beavers to serve as interim CEO and interim CFO.
Globecomm Systems,New York, March 2016
Globecomm Systems announced that Keith A. Hall is stepping down as CEO and that Current CFO, Jason D. Juranek, will serve as Interim CEO. Mr. Hall will continue to be a resource for the Company during this interim period to ensure a smooth transition.
Trendit, Israel, March 2016
The Board of Directors of Trendit appointed Lior Romano as Executive Director. Mr. Romano will also act as interim CEO until a permanent replacement is appointed. Mr. Romano is also CEO of Contacts+. Benny Saban, CEO of the company, has notified the Board of his resignation from his role as CEO and as a member of the company's board.             
Gulf Bridge International, Qatar, March 2016
Gulf Bridge International has appointed Amr Eid as acting CEO. Eid will take on the job effective immediately, in addition to his role and responsibilities as chief commercial officer.
Interups, New York, April 2016
Until April 26, 2016, the company's sole director and officer was Likhitha Palaypu, who resigned as an officer, and is the daughter of Laxmi Prasad, formerly the company's majority shareholder. The company appointed Hadley W. Donenberg as Director, Interim CEO.
VGTel, New York, April 2016
VGTel announced that effective August 31, 2015, the interim management team, consisting of Amilya Antonetti, interim CEO, and K. Bryce Toussaint, interim President elected not to renew the 90-day interim management contract, and as of August 31, 2015, Ms. Antonetti and Mr. Toussaint are no longer affiliated with the company. The Board of Directors is seeking replacements for both President and CEO positions.
Compliance Science, New York, April 2016
Compliance Science announced co-founder and CEO Mitch Kraskin has stepped down from his role as CEO. Effective March 29, David Eisner, a board member since March 2015, has assumed the role of executive chairman of Compliance Science and will be responsible for the company's operations and appointment of the next CEO. Michael D Angelo continues in his senior executive and board roles. Mr. Kraskin remains a non-executive board member of the company he co-founded in 2003.
Dyn, New Hampshire, May 2016
Jeremy Hitchcock, who co-founded Dyn, resigned as CEO. No one was named CEO. Jim Baum, who was named as chairman of the privately held company's board of directors in January, will be executive chairman.
CÜR Media, Connecticut, May 2016
CÜR Media appointed James Urie as Executive Chairman of the Board and as Interim president and Interim CEO, to assume the duties previously performed by Mr. Brophy, to serve until his successor shall be duly appointed, unless he resigns, is removed from office, or is otherwise disqualified from serving as an officer and a director of the Company.
ZipLocal, Canada, May 2016
ZipLocal announced that the Board of Directors has approved the appointment of Raj Ravindran, CFA, MBA, Ph.D as Interim CEO and Interim CFO. Both positions were vacant as a result of the resignations of Paul Van Damme as CFO and Director, and Kevin Dane as CEO and Director.
MediaWorks Integrated Systems, California, May 2016
MediaWorks said the board had accepted Mr. Mark Weldon's resignation as CEO.
Ubiquity, California, June 2016
Nicholas Mitsakos resigned as the Interim CEO and as the Co-Chairman and member of the Board of Directors of Ubiquity, effective August 12, 2016.
Gateway Media, Missouri, June 2016
Gateway Media announced that Gabe Douek CEO has left the company.
Lavu, New Mexico, June 2016
Marc Chesley has stepped down as the CEO of Lavu. Chesley confirmed that he left Lavu June 9, 2016.
HGS Colibrium, Georgia, June 2016
HGS Colibrium’s Board of Directors announced that Mark Poling has resigned as CEO and is leaving as a founder to pursue other interests.
Quikflo Health, Canada, June 2016
QuikFlo Health announced that it has, subject to regulatory approval, appointed David Lane as a director and interim CEO. Mr. Lane has significant experience as a director and officer of various public companies across various industry sectors.
chatAND, New York, June 2016
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., UK, July 2016
The Board of Directors of Coinsilium Group 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. 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:
Inseego, California - $252.1M, November 2016
On November 8, 2016, Inseego (formerly known as Novatel Wireless) completed its previously announced internal reorganization (the Reorganization) and Sue Swenson became the CEO and principal executive officer of Inseego.

Tech CEO Roles Appointed

This is the detailed version of CEOs Appointed in the month November 2016., China - $2.55B, November 2016 International. announced that its board of directors has appointed Ms. Jane Jie Sun as CEO and a member of the board of directors of the company. Sun has served at several senior executive positions at Ctrip since 2005. She was Ctrip's COO since May 2012 and Co-President since March 2015, and CFO from 2005 to 2012.
Aristocrat Leisure, Australia - $1.631B, November 2016
Aristocrat Leisure shareholders have reacted with concern after CEO Jamie Odell announced he would step down next February. Mr. Odell will be succeeded by Trevor Croker, a long-term Aristocrat executive who followed the CEO to Aristocrat from Foster's Group in 2009 and has since filled a variety of roles, and is EVP of global product and insights at Aristocrat.
Littelfuse, Illinois - $991.7M, November 2016
Littelfuse announced that Gordon Hunter, Chairman, President, and CEO, will transition to the role of Executive Chairman. Dave Heinzmann, COO, will assume the position of President and CEO at that time and will join the company’s board of directors.
Monster Worldwide, Massachusetts - $612.7M, November 2016
Monster Worldwide appointed Mark Stoever as CEO, effective December 1, 2016. Stoever, currently Monster's President and COO, has served in increasingly senior roles since joining the company in July 2005. He succeeds Tim Yates, who is departing Monster after serving as CEO for the last two years.
Meyer Burger Technology, Switzerland - $504.8M, November 2016
Hans Brändle, previously CEO of Oerlikon Coating, has been appointed CEO as of 1 January 2017.
Electronics Corporation of India, India - $415.9M, November 2016
Debasis Das has taken over as the new Chairman and Managing Director of the Electronics Corporation of India (ECIL). A distinguished scientist and Associate Director, Electronics & Instrumentation Group, BARC, Mumbai, Das will also hold charge of Director (Technical). He succeeds Sudhakar Rao, who superannuated on October 31.
HT Media, India - $379.6M, November 2016
Rajeev Beotra, who recently quit Star India as President of Ad Sales, will be taking over as CEO at HT English, effective from December 2016.
NCI, Virginia - $329.3M, November 2016
NCI announced that Brian J. Clark, the company's President and CEO, has resigned. The Board has appointed Paul A. Dillahay as Mr. Clark's successor. Prior to his appointment, Mr. Dillahay served as EVP of the Health and Litigation Solutions business group for CACI International.
Alexander Open Systems, Kansas - $268.8M, November 2016
Alexander Open Systems has tapped a tech executive from Dallas as its next CEO. Jon Groves succeeds Grant Cynor. Groves most recently was VP of sales at GDT.
Amway (Malaysia), Malaysia - $267.2M, November 2016
Amway (Malaysia) Holdings Berhad announced the re-designation of Liu, Ming-Hsiung at Martin Liou from Non-Independent Director to Managing Director. Mr. Martin Liou is currently the Managing Director, South East Asia.
Glu Mobile, California - $215.3M, November 2016
Niccolo de Masi, the current CEO of Glu Mobile, was appointed by the Glu Board of Directors to serve as Glu’s Executive Chairman. Glu’s President of Global Studios, Nick Earl, to serve as Glu’s President and CEO.
Yota, Russia - $210.6M, November 2016
Yota has appointed Vladimir Dobrynin its new CEO. Dobrynin succeeds Konstantin Likhodedov. Dobrynin earlier worked as director for operations at Yota. The position has now been eliminated.
Actian, California - $188.5M, November 2016
The Board of Directors has elected David Murphy, currently board member, as Executive Chairman and appointed Rohit De Souza to the role of CEO and President. Prior to his appointment at Actian, De Souza held the President and acting CEO position at BeyondCore, where he refocused its go-to-market strategy and drove the acquisition of the company by Salesforce.
Electro Rent, UK - $175.3M, November 2016
Electro Rent Corporation announced it entered into an agreement to acquire Microlease from Lloyds Development Capital. The transaction is expected to close during first quarter of 2017. Microlease CEO Nigel Brown will be appointed as CEO of the combined company once the transaction is completed.
Prosper Funding, California - $173.1M, November 2016
Aaron Vermut resigned as the CEO of Prosper Marketplace (PMI) and the CEO and a director of Prosper Funding. David Kimball has been named CEO and a director of PMI and Prosper Funding. Kimball has served as the CFO of PMI since March 2016.
bswift, Illinois - $152.6M, November 2016
bswift announced that Sanjiv Anand has been appointed as its president and CEO. Most recently, Anand was group president and global capability leader of Xerox's HR & Benefits Outsourcing business.
Capinfo, China - $131.4M, November 2016
The Board of Directors of Capinfo Company announced that it has resolved to appoint Mr. Yu Donghui as CEO of the Company. Mr. Yu joined the Company in June 1999, is currently the VP of the Company, also the chairman of Capinfo Technology Development and executive director of Beijing Parking Management Centre Company.
Samart I-Mobile, Thailand - $124.9M, November 2016
Samart I-Mobile Public Company approved the appointment of Acting Managing Director - Service Provider Business Mr. Watchai Vilailuck as CEO in replacement of Mr. Chakkrit Charuchinda.
Bematech, Brazil - $109.6M, November 2016
The Board of Directors of Bematech S.A. elected VP of Marketing Mr. Eros Alexandre Jantsch to the position of CEO, replacing Mr. Cleber Pereira de Morais. With that, Mr. Eros Alexandre Jantsch, who joined the company in 1993, will accumulate the position of CEO and the position of EVP.
IDOX, UK - $102.7M, November 2016
IDOX plc announced that its CEO, Richard Kellett-Clarke, stepped down. Andrew Riley, previously the Group's COO, has been appointed CEO to succeed Richard.
TmaxSoft, South Korea - $78.9M, November 2016
TmaxSoft has appointed former Samsung SDS executive Rho Hak-myung as its CEO, effective March 2017. Hak-myung previously led diverse divisions and overseas subsidiaries of the Samsung Group system integration affiliate.
Mastek, India - $77.8M, November 2016
Mastek appointed Mr. John Owen as Group CEO of the company with effect from November 1, 2016 in place of Mr. Sudhakar Ram, the current Managing Director & Group CEO of the company. Owen has played senior sales and marketing roles in organizations like Serco, HP and Nortel over the last 25 years.
Quantel, France - $76.2M, November 2016
Quantel announced that board of directors appointed Marc le Flohic, QUANTEL's new majority shareholder through the company EURODYNE, which he indirectly controls, as chairman of the board of directors and CEO, replacing Alain de Salaberry.
Perceptron, Michigan - $71.6M, November 2016
Perceptron announced that the Board of Directors of the company appointed David Watza to serve as President and CEO of the company. Watza has been Senior Vice President and CFO of Perceptron since October 2015, a position he will continue to hold.
Nation Multimedia, Thailand - $70.9M, November 2016
Nation Multimedia Group Public Company approved the appointment of Group Editor-In-Chief Mr. Thepchai Sae-Yong to hold office in the vacant position of the CEO after the Board of Directors resolved to approve the matter.
GHL Systems, Malaysia - $57M, November 2016
GHL Systems Berhad appointed Group Head - Strategic Planning Leong Kah Chern as Group CEO, effective from December 1, 2016.
Wellesley Information Services, Massachusetts - $38.4M, November 2016
Wellesley Information Services announced that Jonathan Ewert has been selected as its new President and CEO. Mr. Ewert succeeds former CEO Benny DiCecca. In addition to his role as CEO of WIS, Mr. Ewert also currently serves as President of Placeable.
International Research Corporation, Thailand - $36.9M, November 2016
International Research Corporation Public Company announced that Mr. Kungval Kusoltammaratana resigned from CEO of the company and Subsidiaries which because of health problem. Executive Director Mr. Don Hetrakul is appointed to the position of CEO.
Allied Digital Services, India - $35.8M, November 2016
Allied Digital Services approved the resignation of Mr. Paresh Shah as a Whole Time Director of the Company. The company appointed Mr. Paresh Shah with effect from November 05, 2016 as an Executive Director and CEO of the Company and to fix the remuneration.
HiPay Group, France - $31.4M, November 2016
HiPay Group announced that Grégoire Bourdin has been appointed as CEO. Following his experience in audit at KPMG, Grégoire Bourdin, 37, served as CFO at HiMedia from 2008 to 2011 where he restructured financial operations, supervised all French and foreign subsidiaries, and accompanied the integration of acquired companies.
Winshuttle, Washington - $28M, November 2016
Winshuttle has appointed John Pierson as new CEO. Pierson joined Winshuttle in early 2015 as vice president of North American sales and then became chief revenue officer.
PeopleAdmin, Texas - $21.4M, November 2016
PeopleAdmin announced that it has appointed Jack Blaha as its new CEO. Prior to joining company, he was COO and EVP of Aptean, responsible for coordinating all M&A and integration activities to help the company deliver leading industry-specific software solutions in the ERP, SCM, and CRM space.
Verve Wireless, California - $17.7M, November 2016
Verve™ announced that its board of directors appointed Tom Kenney as the company's next CEO. Kenney, an innovator in the mobile arena, is the original founder of Verve and has served as the company's president and chief innovation officer since 2015.
HPD Software, UK - $16.7M, November 2016
Kevin Day has been promoted to CEO at HPD Software with immediate effect. Day joined HPD Software 25 years ago as a developer, and worked in many roles including, most recently as COO, prior to being picked as CEO.
Woven Digital, California - $15.6M, November 2016
Woven Digital has named Benjamin Blank as CEO. Blank previously served as Woven’s Chief Creative Officer overseeing the company’s creative strategy across its portfolio of media properties and leading a significant expansion of the company’s in-house production arm, Woven Studios.
AS Delfi, Estonia - $14.8M, November 2016
Tõnu Väät, currently the head of Ajakirjade Kirjastus will start working as a CEO of Ekspress Meedia, effective January 1, 2017.
DTI Group, Australia - $12.1M, November 2016
DTI Group announced a strengthening of its executive management team with the appointment of Peter Tazewell as DTI’s new CEO. Peter was formerly the CFO of Matrix Composite & Engineering.
CV Check, Australia - $5.3M, November 2016
CVCheck appointed Mr. Rod Sherwood as CEO. Mr. Sherwood has been the company's CFO since 2014 and Acting-CEO since July 1, 2016.
REDtone Asia, China - $3.97M, November 2016
The company appointed Mr. Chan Wa Faat to serve on the Board and as CEO and CFO of the company. Mr. Chan Wa Faat is the sole Director, CEO and CFO of the company. He has been engaged in computer software industry after his graduation. He has worked in DATA DPS (Hong Kong Branch), VMS Technology. (Hong Kong Branch).
HealthSpace Data Systems, Canada - $1.94M, November 2016
HealthSpace Data Systems appointed Mr. Peter Smyrniotis as CEO. Mr. Smyrniotis is a commercialization professional, technology advisor & entrepreneur-in-residence with Victory Square Labs and the Hillcore Group.
Bisk Education, Florida - $0.1M, November 2016
Bisk appointed Michael Bisk to CEO. He succeeds Andrew Titen, who continues as Senior Advisor to the Chairman, Nathan Bisk. Michael Bisk, a 23-year veteran in higher education, has served in several leadership positions at the company, most recently as President since January 2014.
MGT Capital Investments, New York - $0.053M, November 2016
MGT Capital Investments announced that John McAfee, the Company's Executive Chairman, has officially been appointed CEO.
Interups, New York - $0.05M, November 2016
Louise Jones was selected as the company's CEO. Louise Jones, age 51, has been associated with the company since July, 2016. Prior to that, from November, 2014, until July, 2016, she was a partner at the Murray Peeler Group, a division of Global Wealth Management of Merrill Lynch/Bank of America, which services hedge funds and financial service institutional clients.
Quest Software, California, November 2016
Francisco Partners and Elliott Management Corporation announced they had closed their deal with Dell Inc, acquiring the software division of the company. Assets being shed include IT management assistant Quest Software and e-mail encryption and data security provider SonicWall. Now that the transaction has closed, Francisco Partners and Elliott are launching Quest and SonicWall as independent companies. Jeff Hawn, formerly chairman and CEO of Vertafore Inc, will serve as CEO of Quest.
Vertex , Pennsylvania, November 2016
Vertex appointed David DeStefano to CEO, effective November 2, 2016. DeStefano succeeds Jeff Westphal as president and CEO of Vertex. DeStefano joined the Vertex in 1999 as CFO.
Dell SonicWALL, California, November 2016
Francisco Partners and Elliott Management announced the completion of the acquisition of Dell Software Group and the spin out of SonicWall as an independent company. In conjunction with the creation of an independent SonicWall, the company named Bill Conner as its President and CEO. Conner previously served as CEO of Silent Circle and CEO of Entrust as well as President of Data Networks and then President of Enterprise Networks at Nortel Networks.
iPayment Holdings, California, November 2016
iPayment Holdings announced that O.B. Rawls IV has been named CEO and President of the company. Rawls joined iPayment in April of this 2016 after more than 30 years of executive leadership in and around payments and financial services. Most recently he served as Senior Vice President and General Manager, Partner Solutions, with First Data Corporation.
Altitude Digital Partners, Colorado, November 2016
Jeremy Ostermiller, the founding CEO of Altitude Digital has stepped aside to let the company evolve into more of an ad-technology company under new leadership. He remains on the company's board. Joe Grover, a former venture capitalist who'd been company's chief marketing officer, is company's new CEO.
EHAVE, Canada, November 2016
Ehave appointed Prateek Dwivedi as President and CEO. Mr. Dwivedi will also serve on Ehave's Board of Directors.. Prior to joining Ehave, Mr. Dwivedi led Cancer Informatics at Princess Margaret Hospital at the University Health Network in Toronto, Canada.
Regional Brands, Ohio, November 2016
Carl Grassi, current Chairman of law firm McDonald Hopkins has joined Regional as Chairman of the Board and Fred DiSanto, Chairman and CEO of Ancora Advisors, has joined Regional as CEO.
Allied Ventures Holdings, Utah, November 2016
Xi Zhen Ye, President of Longwen, was appointed a Director of the company and President and CEO and CFO of the company.
QUMULO, Washington, November 2016
Qumulo appointed Bill Richter as CEO. Prior to joining Qumulo, Richter served as a partner at Madrona Venture Group, where he helped identify new investments and provided strategic and operational advice to portfolio companies.
Information Tycoon, Georgia, November 2016
InfoTycoon announced that Kevin George, the company’s current President and COO, will succeed James Davis as CEO when Davis retires.
Interactive Multi-Media Auction, UK, November 2016
Nicholas Hargreaves was appointed as President, CEO, CFO, Treasurer, Secretary and Director of company. From August 2012 to present, Mr. Nicholas Hargreaves has acted as the Founder and Director of Stop Sleep Go.
H2scan, California, November 2016
H2scan reported that Board Chairman Michael Allman has been appointed CEO of the company. For 17 years, Allman worked for Sempra Energy. In his most recent role with Sempra, he was the Chairman and CEO of the Southern California Gas Company.
SecureCom Mobile, Canada, November 2016
Michael Galloro has been appointed CEO.
Quixey, California, November 2016
Quixey appointed a permanent CEO, John Foster. Previously, Foster was president & regional director of Zed USA where he led a strategic reboot for the US & global business to address the disruptive technology shift to smartphones.
Knight Knox Development, UK, November 2016
Peter O'Brien was appointed as President, CEO, CFO, Secretary, Treasurer and as a director of the company. In 2008 Mr. O'Brien worked for HSBC International in Jersey, Channel Islands, UK, in the Private Client space. In 2012 he founded Nursing Station.
Versa Networks, California, November 2016
Versa Networks announced that Kelly Ahuja has joined the company as CEO. Kelly is an eighteen-year veteran of Cisco, serving most recently as SVP of the Service Provider Business.
LifeAssist, Texas, November 2016
InforcePro has a new CEO - Paul Winandy. Winandy was most recently the CEO of WebPT. He replaces co-founder Cameron Jacox. Jacox launched InforcePro in 2010 and served as CEO from 2015 to 2016.
NovoEd, California, November 2016
NovoEd announced that former Blackboard Division President and serial entrepreneur Ed Miller has joined the company as President & CEO.
TriLumina, New Mexico, November 2016
TriLumina Corp. announced that Brian Wong has been appointed as the company's new President and CEO and as a member of the board of directors. Most recently, Mr. Wong was CEO of Enevate Corp.
Human Condition Safety, New York, November 2016
Human Condition Safety appointed a new management team to lead the organization into a new phase of growth. New appointments include Greg Wolyniec as president and CEO. Wolyniec was most recently head of commercial insurance strategy and innovation at AIG and has over a decade of experience restructuring and positioning organizations for success in the market.
Eze Software Group, Massachusetts, November 2016
Eze Software Group has appointed Jeffrey Shoreman President and CEO, effective Jan. 1, 2017. Shoreman has been with the firm, and its predecessor companies, for more than 17 years. He currently holds the position of President and has previously been the firm’s  COO and CTO.
Yottaa, Massachusetts, November 2016
Yottaa appointed Rich Stendardo as CEO to further grow the company’s leadership in eCommerce acceleration. Stendardo has deep experience and a long track record of growing innovative eCommerce technology companies, including pioneers such as and Endeca [acquired by ORCL]. His extensive general management experience also includes time with GE and SAAS marketing analytics pioneer DataXu.
Quanta Aesthetic Lasers USA, Colorado, November 2016
Quanta Aesthetic Lasers USA has announced the promotion of Michael Sparks, EVP of sales, to CEO. Mr. Sparks has more than thirteen years of experience in the laser industry, ten of those in aesthetics.
Indigo Systems & Technology Consulting, India, November 2016
Indigo Consulting has brought on board Rajesh Ghatge as CEO. Ghatge joins Indigo Consulting from iCare Life where he was the CEO and managing director. Ghatge brings with him 24 years of experience, 18 of which were spent in the activation and digital business, and two in the technology start-up world.
FollowAnalytics, California, November 2016
FollowAnalytics appointed Carl Theobald as CEO and to the Board of Directors. Before joining FollowAnalytics, Theobald was the CEO of Avangate.
Aviacode, Utah, November 2016
Aviacode has hired Keith Hagen as its new CEO. He joined the Salt Lake City-based company in October. Hagen brings healthcare IT experience in leadership roles at several leading companies including CEO at QuadraMed. He was also President of Misys Transaction Services. Most recently, Hagen was CEO of IHM Services.
Benu Networks, Massachusetts, November 2016
Benu Networks announced Mads Lillelund as CEO Officer. Lillelund has more than 20 years of experience leading and working for visionary technology organizations. He was previously CEO of Bluesocket, which under his leadership became an industry pioneer in cloud managed Wi-Fi.
FST Biometrics, Israel, November 2016
FST Biometrics announced that Gary Drutin has been nominated as CEO, replacing Major General (res.) Aharon Zeevi Farkash, who will shift his focus to the areas of innovation and strategy development. Drutin joins FST from Allot Communications, where he served as chief customer officer, overseeing all sales and marketing for the company.
Contegix, Missouri, November 2016
Contegix, LLC announced that it has entered into a definitive agreement with Strattam Capital. As part of the transaction, Strattam is partnering with David Turner, who will join Contegix as its new CEO, and Contegix’s current management team to make a majority growth investment in Contegix.
Ripple Labs, California, November 2016
Ripple announced Chris Larsen has decided to transition from his operational role as CEO of Ripple to executive chairman of Ripple’s board of directors. He has named Brad Garlinghouse his successor as CEO of Ripple, effective January 1, 2017. Garlinghouse will take the helm as CEO after more than a year and a half as Ripple’s president and COO.

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

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

CTOs/ Engineering/ CIOs/CISOs

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


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


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


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

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CPO, HCIT Healthcare SaaS (Division of large co.)
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VP & GM, Transportation and Logistics Software (SaaS, large public co.)
VP & GM, SMB (SaaS, large public co.)

Vell Team

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

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Read 3067 times Last modified on Friday, 14 August 2020 15:41
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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