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Friday, 27 January 2017 11:55

79 Open Tech CEO Roles and 78 CEO Appointments in December 2016 Featured

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Detailed Version of Newsletter for month ended December 2016

Welcome to our CEO Turnover Newsletter. Hope you had a restful and joyous Holiday Season. This newsletter covers open CEO roles as of December 31, 2016  and latest appointments in the tech sector in December 2016.

The average length of time the CEO searches have been open is 5 months, down from 6.5 months earlier in 2016. There is little variance across geographies. 

Total Tech CEO Roles Open: 79
New Tech CEO Appointments: 78 (8 women – 10%, 70 men)

New Technology CEO Stats

New Tech CEO Openings: 14 – NII Holdings (VA), Broadway Industrial Group (Singapore), EMIS Group (UK), YourPeople (CA), Oculus VR (CA), Paymark (New Zealand), 1Spatial (UK), Mr Green & Co Technology (China), 8common (Australia), Quantum Materials (TX), Omnitele (Finland), Avero (NY), Zyber Holdings (Australia), ProText Mobility (FL).

CEOs Appointed

Sources of Appointments: 36 were External appointments, and 42 were internal promotions.

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

Diversity: 10% of the appointments are women CEOs. Chorus (New Zealand), Global Sources (Bermuda), Amobee (Ca), GET Holdings (Hong Kong), SSH Communications Security (Finland), (OR), Translarity (CA), Interups (NY).

Geographic Distribution: 48 in North America, 17 in Europe, 11 in Asia/Russia/Australia, and 2 in Middle East & Africa.

The average and median times open CEO roles have been open are about 5 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.

In this Edition

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

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

Tech Companies: CEO Roles Open

 This is the detailed version of the Open CEO roles
Ooredoo Q.S.C., Qatar - $8.85B, October 2016
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.
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
Nuance 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.
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.
Syntel, Michigan - $983.2M, November 2016
Syntel appointed Rakesh Khanna, formerly COO, as interim CEO and President, effective November 3, 2016. 
NII Holdings, Virginia - $981.4M, December 2016
On December 21, 2016, in connection with the approval of the Company’s 2017 budget, the Agreement with Steven M. Shindler, CEO, was updated to provide for a target termination date of April 1, 2017.
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.
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, UK - $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.
Broadway Industrial Group, Singapore - $447.1M, December 2016
Broadway I
ndustrial Group Limited announced that the cessation of Mr. Lee Wai Leong (Jeremy) as Executive Director and CEO. The effective date is December 30, 2016.
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.
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.
EMIS Group, UK - $208.4M, December 2016
Group plc announced that Chris Spencer, the Group's CEO since 2013, having reached the age of 60, has indicated his intention to retire from his position and from the Board by the end of 2017.
YourPeople, California - $158.4M, December 2016
announced that CEO David Sacks, is leaving the company. Sacks confirmed that he will be stepping down from his position.
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.
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.
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.
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.
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., 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 Wireless 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.
Oculus VR, California - $58.9M, December 2016
n Iribe, the CEO of Facebook's virtual reality unit Oculus VR, is stepping down from his position as part of a restructuring. Jon Thomason, who joined Oculus recently, will head the mobile VR group. Thomason and Iribe, along with Facebook's CTO Mike Schroepfer, will together look for a new CEO for Oculus. Oculus, will split into two groups: PC and mobile. Iribe will step down from the top spot to lead the PC VR group.
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.
Paymark, New Zealand - $47.5M, December 2016
CEO Mark Rushworth has resigned from the firm. General counsel Liam O'Reilly will act in the role until a new head is appointed. Rushworth was in charge of the company for three years.
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.
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
Touchcorp 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.
1Spatial, UK - $34.1M, December 2016
The Board of 1Spatial plc announced that Marcus Hanke has ceased to carry out the functions of the
CEO and will be resigning as a director. Claire Milverton, CFO, will carry out these functions on an interim basis.
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.
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.
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.
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.
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.
Adept4, 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.
Mr Green & Co Technology, China - $7.93M, December 2016
Stefan Gustafsson has been appointed as acting CEO of Mr. Green & Co Technology AB. He has extensive
experience in senior positions within IT, among other positions such as CIO at Elon Group, Boxer and Com Hem. Stefan Gustafsson succeeds Niclas Enhörning who was appointed CEO of Mr. Green & Co Technology in 2014.
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.
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.
8common, Australia - $2.74M, December 2016
8common L
imited announced that CEO Nick Gonios has resigned and provided six months notice. Nick will continue to provide services to the company as per his contract in his current role until his final day of service. Mr. Gonios said he was proud of the positive milestones he has achieved during his time as Group COO and CEO.
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.
Quantum Materials, Texas - $0.25M, December 2016
On December
22, 2016, Quantum Materials Corp. and Sriram Peruvemba entered into a Resignation Agreement pursuant to which Mr. Peruvemba resigned from his positions of officer and director of the company and agreed to terminate his employment agreement dated June 13, 2016. The company elected Stephen Squires Interim CEO and President.
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.
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.
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.
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.
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.             
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.
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.
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.
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.
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.
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.
Omnitele, Finland, December 2016
Tomi Paatsila, the CEO of Omnitele since October 2010, is departing from the company after December 31, 2016. Head of Service and Business Development Ville Laakso, who has been with Omnitele since 2006, is appointed as Acting CEO starting January 1, 2017. In his new role Ville Laakso shall be responsible for further strengthening the customer relationships of the company and thereby the overall business of Omnitele.
Avero, New York, December 2016
Avero announced that its founder, Damian Mogavero, is stepping down from his position as CEO, effective January 5, 2017. He is leaving to pursue new opportunities related to hospitality and will remain involved in Avero in an advisory capacity.
Zyber Holdings, Australia, December 2016
Zyber Holdings Limited announced the resignation of Mr. Ben Daly as CEO and Mr. Jason Tomkinson will step down from his role as an executive director and will move to a non-executive role.
ProText Mobility, Florida, December 2016
On September 1, 2015, and on September 11, 2015, ProText Mobility accepted the resignations of Steve Berman as Interim CEO and Frank Chester as a member of the Board of Directors, respectively. On September 12, 2015, the company appointed David Lewis as Interim CEO. Mr. Lewis was previously serving on the Board of Directors as Executive Director and remains in that capacity.
Other Moves:
SunEdison Semiconductor - The employment of Shaker Sadasivam, President and CEO of the Company, was terminated.

Tech Companies: CEOs Appointed

This is the detailed version of CEOs Appointed in the month December 2016.
Fujitsu Limited, Japan - $45.25B, December 2016
Fujitsu has announced personnel changes, effective from April 1, 2017. The company has appointed Fujitsu Laboratories CEO Shigeru Sasaki as CEO and representative director.
SK Telecom, South Korea - $15.56B, December 2016
SK Telecom has appointed Park Jung-ho as its CEO, effective 2017. He previously served as CEO of SK Holding C&C. Park Jung-ho replaces Jang Dong-hyun, who will take up the position of sole CEO of SK Holdings C&C.
Viacom, New York - $12.48B, December 2016
Viacom announced that it has discontinued the exploration of a potential combination with CBS following receipt of National Amusements' letter and request, and appointed Bob Bakish as President and CEO and as a member of the Board. Bakish has served as Acting President and CEO of Viacom since November 15, 2016.
The Priceline Group, Connecticut - $10.39B, December 2016
The Priceline Group reported that Glenn Fogel, the company's current Head of Strategy and EVP of Corporate Development, has been named CEO of the company, effective January 1.
Telefónica Deutschland Holding AG, Germany - $8.75B, December 2016
Telefonica Deutschland Holding AG said that its supervisory board has resolved to appoint Markus Haas as CEO of the company effective as of January 1, 2017. Currently, he is COO of the company.
Chunghwa Telecom, Taiwan - $7.46B, December 2016
Chunghwa Telecom announced that Mr. Yu Cheng will take over the roles as Chairman and CEO of the company, succeeding Dr. Lih-Shyng Tsai. He was the former CEO and the current member of Board of Contemporary Taiwan Development Foundation.
Sabre, Texas - $3.3B, December 2016
Sabre appointed Sean Menke as president, CEO and a member of Sabre's board, effective Dec. 31, 2016. Menke will succeed Tom Klein, who has served as president, CEO and board member since 2013. Menke joined Sabre in October 2015 and currently serves as EVP of Sabre and president of Sabre Travel Network.
Hutchison Telecommunications, Hong Kong - $2.1B, December 2016
Woo Chiu Man, Cliff (‘Mr. Woo’) will be appointed as Executive Director and CEO of the Company with effect from 1 January 2017. Mr. Woo has been a director of Hutchison Telecommunications (Australia) Limited. Mr. Woo held various senior technology management positions in the telecommunications industry before joining in 1998 the group of Hutchison Whampoa Limited (‘HWL’).
Mobile Telecommunications Company Saudi Arabia, Saudi Arabia - $1.81B, December 2016
Mobile Telecommunication Company Saudi Arabia (Zain) announced the resignation of its CEO Mr. Hassan Kabbani, due to personal reasons. Zain KSA also appointed Mr. Peter Kaliaropoulos, as the new CEO. Kaliaropoulos joins Zain Saudi Arabia as a highly-accomplished telecom professional with over 30 years of international ICT sector experience.
Lands' End, Wisconsin - $1.35B, December 2016
Lands’ End announced that its Board of Directors has named Jerome Griffith to be the company’s next CEO. Griffith is a highly respected global executive with extensive experience driving growth and innovation for iconic consumer brands, who most recently served as President and CEO of Tumi Holdings. 
National Instruments, Texas - $1.23B, December 2016
Alex Davern, NI’s current COO and CFO, became CEO of the company effective Jan. 1, 2017.
Kingsoft, China - $1.12B, December 2016
SVP Tao ZOU has been appointed as CEO of the company with a term of five years.
Consolidated Communications, North Carolina - $755.4M, December 2016
Consolidated Communications Holdings announced that it agreed to acquire FairPoint Communications. After the transaction closes, Bob Udell will continue to serve as president and CEO of the combined company and one director from the FairPoint Board will join the Consolidated Communications board of directors. The combined company will retain the Consolidated Communications name and will be headquartered in Mattoon, Ill.
Chorus, New Zealand - $718.7M, December 2016
Chorus Limited appointed Kate McKenzie as its new CEO, effective from February 2017. Kate is a highly regarded and experienced telco executive. Most recently Kate was Telstra’s Chief Operations Officer, responsible for Telstra’s field services, IT and network architecture and operations.
Synchronoss Technologies, New Jersey - $633.9M, December 2016
Synchronoss Technologies and Intralinks Holdings announced that they have entered into a definitive agreement for Synchronoss to acquire Intralinks for approximately $821 million in equity value. Ron Hovsepian, CEO of Intralinks, is expected to be appointed CEO of Synchronoss and join the Synchronoss board of directors upon closing of the transaction with Synchronoss’ Founder and current CEO, Stephen G. Waldis will move into the role of active Executive Chairman of the board.
Interactive Intelligence Group, Indiana - $426.2M, December 2016
In connection with the closing of the merger Interactive Intelligence Group and U.S. Bank National Association (the Trustee) entered into a First Supplemental Indenture, dated as of December 1, 2016, to the Indenture, dated as of May 26, 2015, between the company and the Trustee, relating to the company's outstanding 1.25% convertible senior notes due 2020. In connection with the merger, and as contemplated by the Merger Agreement, Paul Segre, CEO of Genesys, was appointed as CEO (principal executive officer).
Comet Holding, Switzerland - $309.7M, December 2016
COMET Group announced CEO change for May 2017. Ronald Fehlmann will leave COMET Group by the end of April 2017, to seek other professional opportunities. Dr. René Lenggenhager appointed as new CEO of COMET Group as of May 2017. Dr. René Lenggenhager, from 2000 to 2015, senior manager at Mettler-Toledo AG in Greifensee (Switzerland). There, he first led the R&D department, and since 2004 the Global Business Area Laboratory Weighing Technologies, as its general manager.
Xura, Massachusetts - $292.7M, December 2016
Xura announced that its affiliates have entered into definitive agreements to acquire Mitel Mobility The Xura Board of Directors has appointed Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor (Mavenir Systems) and Co-Founder and CEO of Ranzure Networks, to succeed Philippe Tartavull as CEO of Xura.
Doro, Sweden - $232.9M, December 2016
Doro’s Board of Directors has appointed Robert Puskaric as new CEO and President. Robert joins Doro from his current position as Ericsson Group SVP with responsibility for special strategic projects.
Altibox, Norway - $211.4M, December 2016
Altibox appointed Thomas Skjelbred as its new CEO. He has spent the last two-and-a-half years as technical director at the Lyse subsidiary, and also has fifteen years of management experience at Telenor. Skjelbred replaces Nils Arne Bakke, who is moving to a post as director for business development and strategic projects at parent company Lyse.
Global Sources, Bermuda - $160M, December 2016
Global Sources has appointed Craig Pepples as the CEO of the company effective January 1, 2017. Mr. Pepples was named Deputy CEO with effect on October 1, 2016, following the announcement that Mr. Spenser Au would retire from Global Sources at the end of 2016.
Tenable Network Security, Maryland - $153.8M, December 2016
Tenable Network Security announced that Amit Yoran will become the company’s chairman and CEO effective Jan. 3, 2017. Yoran joins Tenable after serving as president of RSA.
NLY Scandinavia, Sweden - $134.6M, December 2016
Qliro Group AB (publ) has recruited Jan Wallsin as new CEO of Nelly. He most recently comes from the role as Digital and Online development manager for H&M New Business Group and prior to that held the position of COO and Head of H&M Online Expansion.
Agilysys, Georgia - $126.9M, December 2016
Agilysys appointed Ramesh Srinivasan as the company’s new President and CEO, effective January 3, 2017. Mr. Srinivasan, who most recently served as CEO of Ooyala will also serve as a member of Agilysys’ Board of Directors.
Fortec Elektronik, Germany - $86.7M, December 2016
Dieter Fischer, being the chairman of the board of managing directors (CEO) of FORTEC Elektronik AG for many years, announced his retirement for the time after his 65th birthday per June 30, 2017 end of BY 2016/17. As per July 1, 2017, the supervisory board will appoint and elect Sandra Maile (CEO of subsidiary Autronic GmbH) and Bernhard Staller (CEO of subsidiary Data Display GmbH) into the board of managing directors of the company.
Newtec Cy, Belgium - $73.5M, December 2016
Newtec announced that after ten years of dedicated and successful leadership CEO Serge Van Herck has decided to resign and move his career in another direction. The company's board of directors has appointed Thomas Van den Driessche, who was named chief commercial officer four years ago, to succeed Van Herck as CEO, effective from January 1, 2017.
Orascom Telecom Media and Technology Holding, Egypt - $55M, December 2016
Tamer El Mahdi, COO & Deputy CEO, as the CEO successor.
Quadrant 4 System, Illinois - $54.8M, December 2016
Quadrant 4 System Corporation announced the appointments of Robert Steele as CEO and Shekhar Iyer as COO. Steele has been serving as President of Q4’s Health Division and Iyer has been serving as President of Q4’s Education Division.
Clarabridge, Virginia - $54M, December 2016
Clarabridge appointed Mark Bishof as CEO. As President and CEO of Flexera Software, Bishof spent 10 years growing the company to from $200 million to over $1 billion in enterprise value.
Forebase International, Hong Kong - $46.3M, December 2016
Forebase International Holdings Limited announced that, with effect from 30 December 2016. Mr. Gan Lin be appointed as CEO of the company. Mr. Gan is currently an executive director of the company.
Amobee, California - $42.9M, December 2016
Amobee announced that Kim Perell has been appointed to CEO, as current CEO Mark Strecker steps down to pursue new opportunities. Kim Perell currently serves as Amobee's President.
I.D. Systems, New Jersey - $37.8M, December 2016
I.D. Systems has announced that current Chief Product Officer Chris Wolfe has been appointed the new CEO of the company.
GET Holdings, Hong Kong - $35.1M, December 2016
Ms. Hung Yvonne has been appointed as an executive Director and the CEO of the Company. Ms. Hung was a director of Century Harmony Investment Limited.
Uniguest, Tennessee - $33.3M, December 2016
Uniguest announced the appointments of Jeff Hiscox as CEO. Previously, Hiscox served as president and CEO of Newmarket International (hospitality technology) in Portsmouth, New Hampshire, where he oversaw significant company growth in both revenue and EBITDA.
Qvantel Oy, Finland - $30.1M, December 2016
Qvantel appointed Ove Anebygd as the new CEO for the company. Ove Anebygd joins Qvantel from Ericsson, where he has held several executive positions in the last 20 years in the telecommunications sector. Most recently he has acted as the VP & Head of Product Area Digital Business Systems.
Ubisense Group, UK - $29.6M, December 2016
Ubisense Group plc appointed Richard Petti as CEO. Richard joins Ubisense having most recently been CEO of Asset Control.
Professional Diversity Network, Illinois - $29.2M, December 2016
Professional Diversity Network appointed Maoji (Michael) Wang to the position of CEO. Katherine Butkevich, the Company’s former CEO, will become CEO of NAPW, the Company’s wholly-owned subsidiary. Maoji (Michael) Wang, 44, is currently a director of the Company and CEO and investor in Cosmic Forward Limited, the Company’s majority stockholder.
Corrisoft, Kentucky - $28.1M, December 2016
Corrisoft announced Bill Johnson has stepped down as President and CEO. Corrisoft's VP of Sales and Marketing, Jim Webb, will take over as Corrisoft's new President and CEO, ensuring a seamless transition with no impact on day-to-day operations or customer relations.
PROACTIS Holdings, UK - $25.7M, December 2016
PROACTIS Holdings PLC announced that Rod Jones has tendered his resignation as a director of the company and from his position as CEO. Current CFO, Tim Sykes, will be the CEO Designate whilst the company commences a search for a new CFO.
On Campus Marketing, Maryland - $19.5M, December 2016
Spire Capital Partners announced the continued growth of the executive team at On Campus Marketing. The addition of Jeff Scott, as CEO, will allow OCM to continue to provide high-quality service to its customers and school and university partners. Jeff Scott comes to OCM from his prior role as COO of GAIN Capital.
SSH Communications Security, Finland - $17.3M, December 2016
The Board of Directors of SSH Communications Security have appointed Kaisa Olkkonen as the new CEO of the company. She will start on January 1, 2017. Ms. Olkkonen has more than twenty-five years of experience in leadership roles in the digital services and telecommunications sectors. She has extensive experience in building and leading diverse international teams through change and transition.
Telensa, UK - $17.3M, December 2016
Telensa has appointed Will Franks as CEO. Franks has served on the board of the company for two years, and has a track record of leading tech companies through the transition needed to sustain rapid international growth.
Bookatable, UK - $13.5M, December 2016
Bookatable has appointed Michel Cassius as the company's CEO. Most recently Cassius has worked as an MD, CEO and non-executive director for a number of technology businesses. He started his career with Apple, before joining EA (Electronic Arts), and finally Microsoft where he was overseeing the European Xbox publishing business. Cassius succeeds Joe Steele as Bookatable CEO from November 2016.
Microphase, Connecticut - $8.04M, December 2016
Michael Ghadaksaz is the new CEO of the Company, effective as of December 1, 2016. Ghadaksaz served as the Chief Technology Officer and Chief Marketing Officer of the company.
Biamp Systems, Oregon - $2.47M, December 2016
Biamp Systems announced that Steve Metzger, president and CEO, is stepping down and Matt Czyzewski, COO is designated as his successor effective January 1, 2017.
RedZone Robotics, Pennsylvania - $1.2M, December 2016
RedZone Robotics announced that Dan Yingst, current COO, will become the company’s CEO.
Cleartronic, Florida - $0.59M, December 2016
Michael M. Moore was elected as the Registrant's new CEO of the corporation by the Board of Directors.
1-PAGE, California - $0.589M, December 2016
1-Page Limited announced founder Ms. Joanna Riley will step down as CEO to focus on strategy and business development. Mr. Peter Kent, currently CFO, will assume the role of CEO from 1 January 2017.
PAID, Massachusetts - $0.524M, December 2016
W. Austin Lewis resigned as the Company's President and CEO to allow emergeITs President, Allan Pratt, to become President and CEO of the Company.
Covata, Australia - $0.267M, December 2016
Covata Limited appointed Mr. Ted Pretty as the Managing Director and CEO of Covata, effective 23 January 2017. Pretty is also on the Advisory Board of Lighthouse Accelerator located at Barangaroo.
Bisk Education, Florida - $0.1M, December 2016
Bisk appointed Michael Bisk to CEO. He succeeds Andrew Titen, who continues as senior adviser to the chairman, Nathan Bisk. Michael Bisk has served in several leadership positions at the company, most recently as president since January 2014.
Amber Group, Nevada, December 2016
On November 29, 2016, Mr. Tee Chuen Meng was appointed as President and CEO, Secretary and Treasurer of Amber Group. Mr. Tee Chuen Meng has been navigating these companies for over 5 years expanding it to 70 retail stores in several countries. Mr. Tee is also the Senior Physician for Natural Health Naturopathics Centre.
Crowd 4 Seeds, Israel, December 2016
Kok Chee Lee named as Director & CEO. Dr. Kok Chee LEE, 60, brings extensive public management experience, and was previously Deputy Chief of a Police Center at Bayan Baru, Penang, Malaysia. He served more than 42 years in the Police Force of Penang, Malaysia until retirement on July 1, 2016.
Green Revolution Cooling, Texas, December 2016
Green Revolution Cooling selected Peter Poulin to serve as its new CEO. Poulin has spent the last 3 decades in IT, half of which at Compaq, the rest as VP of North American sales and marketing for APC, as an adviser to various small companies, and as CEO of Motion Computing.
WhereScape, Oregon, December 2016
WhereScape reported that Mark Budzinski, a 30-year industry veteran who currently serves as president of WhereScape USA and global head of sales, has been promoted to the post of CEO.
Media Analytics, California, December 2016
Guoqiang Qian named as President, CEO, Chairman. Guoqiang Qian spent the earlier part of his 40-year career working for the Shanghai Railway Yangpu Station and Shanghai Railway Bureau.
AppTech, California, December 2016
The Board of Directors of AppTech Corp. has appointed Steven Cox as the new President & CEO. Mr. Cox, who has been AppTech's President for the last three and a half years, replaces Luke D'Angelo who will remain as Chairman of the Board and Chief Investment Officer.
Enhanced Telecommunications, Georgia, December 2016
ETI Software Solutions announced that Frank Gine has been promoted from President and COO of ETI Software to CEO.
Datameer, California, December 2016
Datameer appointed Christian Rodatus, as CEO of the company. Most recently, he was EVP at Enlightened. Former Teradata and SAP HANA.
Lekmer, Sweden, December 2016
Qliro Group AB (publ) announced that Oscar Tjärnberg has been appointed as new CEO of the subsidiary Lekmer. He most recently comes from the role as CCO of Lekmer.
Conversant Intellectual Property Management, Ontario, December 2016
Conversant Intellectual Property Management announced that its Board of Directors has appointed Boris Teksler to be the company's new President and CEO and a member of the Board of Directors. Most recently he was the CEO of Unwired Planet., Oregon, December 2016
Ann Houlihan becomes the new CEO of the company. Houlihan started with CNV 7 years ago as a contract book keeper, became full time controller, VP of Operations, and now CEO.
Surrey Capital, Ontario, December 2016
Surrey Capital elected Paul Dickson as President and CEO., California, December 2016 announced Scott Thompson as its new CEO. Thompson joins from ShopRunner where he served as CEO and led the company's rapid retail and member network expansion over the last four years. Prior to ShopRunner, Thompson was CEO of Yahoo.
Promisec Limited, Israel, December 2016
Promisec announced that its Board of Directors has appointed Simo Kamppari as CEO and President. Kamppari, a partner at Synetro Group, has served on Promisec's Board since 2012.
BMC Software, Texas, December 2016
BMC Software announced Peter Leav has joined BMC as President and CEO. Leav succeeds Bob Beauchamp, who continues to serve as Chairman of the Board of Directors and will play a key role going forward. Leav joins BMC from Polycom, where he served as President and CEO for the last three years.
PICWELL, Pennsylvania, December 2016
Picwell has appointed Matthew Sydney as the company's CEO. Mr. Sydney succeeds Jay Silverstein, who will continue to serve as an advisor to the Picwell Board of Directors. Mr. Sydney most recently was EVP of Sales at HealthEquity.
Translarity, California, December 2016
Translarity appointed Laura Oliphant as CEO and a member of the board of directors. Dr. Oliphant brings more than 20 years of industry experience to her new role having previously served as Director of Intel Capital.
Apposite Technology, California, December 2016
Ranch Creek Partners announced that it has appointed Steve Fazio as its new CEO. Apposite's new CEO, has more than 20 years of successfully launching and operating companies in consulting, network technology, IT solutions and managed services. He is a proven operator and executive with extensive experience building teams and growing technology businesses.
DataTorrent, California, December 2016
DataTorrent announced its board of directors unanimously appointed Guy Churchward as President and CEO effective February 2017. Churchward is joining DataTorrent from Dell EMC where he serves as President of their Core Technologies Division.
Global CashSpot, Nevada, December 2016
Global CashSpot Corp. has reported that its Board of Directors has named Pierre Sawaya as CEO. Sawaya is the founder and former Chairman of Endless One Global, an international Tier-1 payment processor and financial software developer that holds patents on security features and proprietary cross-border payment processing technology.
Boston Globe Media Partners, Massachusetts, December 2016
Boston Globe Media Partners announced that CEO Mike Sheehan is stepping down. The company announced that, a veteran of The Atlanta Journal-Constitution and Cox Enterprises will take over that role in January 2017. Doug Franklin was chosen as CEO after a 10-month national search.
Max Telecom, Bulgaria, December 2016
Max Telecom appointed Andrey Rassiysky as the new CEO of the company. He joined Max in 2013 and was appointed CTO of the telecom operator before that. Before joining the company, he was also a chairman of the board of directors of Vestitel's Greek office between 2010 and 2013.
Bharti Airtel Africa B.V., Netherlands, December 2016
Bharti Airtel announced top level changes for its Africa operations. Raghunath Mandava, who is currently the COO - Airtel Africa, will take over as Managing Director and CEO - Airtel Africa with effect from January 1, 2017.
CompuCom Systems, Texas, December 2016
CompuCom Systems announced it has appointed Dan Stone as its new CEO, effective November 28, 2016. Stone previously served for two years as EVP and president, End-User Enablement, a core strength in CompuCom’s portfolio.
Limes Audio, Sweden, December 2016
Limes Audio appointed Henrik Nilsson as CEO from December 1, 2016, as current CEO Sandra Finér leaves for a new position outside of the company. Henrik Nilsson, IHM Market Economist and Master of Science, was most recently at T3, where he has been the Marketing and sales manager for the past five years.
LeoNovus, Ontario, December 2016
Michael Gaffney was voted in as Chair of the board of directors and also appointed as CEO. From 2004 to 2013, Mr. Gaffney was CEO of In-Touch Insight Systems. 
ME Renewable Power, Latvia, December 2016
ME Renewable Power Corporation announced that effective December 1, 2016, Mr. Anthony Williams resigned as CEO and, if any, from all other offices of the company. Concurrently, the company appointed Ka Sing Edmund Yeung as CEO. Mr. Yeung also serves as President, CFO, Secretary, Treasurer and as a Director. The company’s officers and board of directors now solely consists of Mr. Yeung.
Interups, New York, December 2016
Interups, a holding company that intends to acquire or invest in operational Educational and Hospitality Real Property assets and businesses in India, announced that Louise Jones has been named CEO. Jones 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.


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Read 3555 times Last modified on Thursday, 13 August 2020 09:38
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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