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Technology CEO Shuffles - New Openings & Appointments in July 2017 Featured

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August 8, 2017 

Welcome to our Technology CEO Transitions Newsletter. We endeavour to catalogue all open technology CEO roles (as of 7/31/2017)  and latest appointments for the month of July 2017. 

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#1 - Including more smaller companies, especially if they are a trend or just we deem cool.

#2 - Including more North American companies that some of you may or may not consider "tech" but are definitely getting a big footprint in digital  / tech.  

#3 -  Increasing the size cut-off for companies that are not in North America/ EMEA and don't have a specific interesting trend of coolness factor. 

The average length of time the searches are open is 2.97 months, down from 3.8 months earlier this year. There is little variance across geographies.

This month's trends.... 

By the numbers, overall:

  •   Total Open CEO Roles: 42
  •   New CEO Appointments: 42 CEOs (5 women or 11.9%, 37 men).

Geographic Distribution of Open Tech CEO Roles & New CEO Appointments

2017 August Fig 1 New CEOs by Geography

New Tech CEO Openings: 11 – Cerner (MI), Ultra Clean Holdings (CA), Yellow Pages Limited (QC, Canada), Ellucian (VA), Brightcove (MA), (BC, Canada), HopTo (Canada), Tomizone (New Zealand), International Card Establishment (CA), Tinder (TX) and Kickstarter (NY). 

CEOs Appointed – Sources 


19% of the CEOs appointed were COOs or President or EVP - Operations, 3% were current board members, 21% other internal executives and 57% external appointments.

 2017 8 11 Sources of Tech CEO Appoint jpeg

 Diversity: 5 (11.9%) CEOs out of 42 total CEOs appointed were women.

2017 8 11 Tech CEO gender diversity jpegThe average length of time the CEO searches have been open is 2.97 months, down from 3.8 months earlier this year. There is little variance across geographies. 

The two longest CEO searches started in June and September 2016. 

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.

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In This Edition 


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Open CEO Roles as of July 31st, 2017 

Tech CEOs Appointed in July 2017 

Vell Research & Insights Summary 

Featured Vell Placements 

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Tech CEO Roles Open as of July 31st, 2017

The United States & Canada 

Uber Technologies, California, June 2017 - Uber Co-founder Travis Kalanick, 41, has stepped down as CEO of the ride-hailing service following intense pressure from investors Kalanick will, however, stay on the company's board. 

Cerner Corporation, Missouri, July 2017 - Cerner Chair & CEO Neal Patterson passes away at 68 years of age. Vice Chair & Founder Cliff Illig, 66, named Chair & iCEO. 

HSN, Florida, April 2017 - Mindy Grossman, 59, resigned as CEO of the Home Shopping Network to join Weight Watchers as CEO. The Board has established an Office of the CEO. 

Lexmark International, Kentucky, June 2017 - President and CEO David Reeder, 42, has resigned for personal reasons. In the interim, Lexmark will be led by a management team consisting of Brock Saladin, SVP and chief revenue officer, and Allen Waugerman, SVP and CTO. 

Nuance Communications, Massachusetts, November 2016 - Chairman and CEO Paul Ricci, 61, intends to retire at the end of first half of fiscal 2018. Nuance has speech and image software products, with the aim to recognize human language. 

John Wiley & Sons, New Jersey, May 2017 - President & CEO Mark J. Allin, 55, resigned from the online publisher of award-winning journals, encyclopaedias, books, and online products. Chairman Matthew S. Kissner, 63, is now Interim CEO. 

Cree, North Carolina, May 2017 - Chairman, President and CEO Chuck Swoboda, 50, intends to stay on until a successor is appointed to the LED Lighting, Chips and Components company. 

Pandora Media, California, June 2017 - Tim Westergren, 51, stepped down as CEO & board member of the music streaming service company in June 2017. He will likely stay on at the company he founded 17 years ago until a new CEO is in place. The company has commenced a search for a successor and appointed CFO Naveen Chopra as interim CEO. 

Endurance International, Massachusetts, April 2017 - CEO Hari Ravichandran, 41, will remain CEO while the company conducts a search to identify his successor. Endurance has grown into an international family of brands that provides small business owners with the tools they need to establish and build their web presence, get found in online search, and connect with customers through social media, email marketing, and more. 

Ultra Clean Holdings, California, July 2017 - UCT SVP and CFO, Sheri Brumm, 46, will serve as acting CEO as President and CEO, Jim Scholhamer, 51, will take leave of absence. Ultra Clean Holdings is a leading developer and supplier of critical systems and subsystems for the semiconductor capital equipment and flat panel industries. 

TiVo, California, May 2017 - President and CEO, Thomas Carson, 57, intends to retire when a successor is appointed at the digital video recorder and streaming media player company. 

Yellow Pages Limited, QC, Canada, July 2017 - Yellow Pages President & CEO Julien Billot, 49, has departed with CFO Ken Taylor, 53, being named as interim President and CEO. The company has commenced the process of identifying a permanent successor. Yellow Pages Limited operates as a digital media and marketing solutions company in Canada. The company offers marketing solutions comprising digital and traditional marketing products, such as online and mobile priority placement, content syndication, search engine solutions, Website fulfilment, social media campaign management, digital display advertising, video production, and print advertising to small and medium-sized enterprises. 

Ellucian, Virginia, July 2017 - Ellucian President/CEO Jeff Ray, 62, has retired. The company is in search for its next CEO for the edtech software leader serving the higher ed market. 

GlassBridge Enterprises (fka Imation), Minnesota, February 2017 - CFO Danny Zheng is serving as Interim CEO until the company Board appoints a new CEO.  Through the company's two subsidiaries, Glassbridge focuses primarily on investment, asset management and global enterprise data storage. Prior to the name change, Glassbridge had three core elements – traditional storage (magnetic tape and optical products), secure and scalable storage (data backup, data archive and data security for small and medium businesses) and what the company calls “audio and video information” products. 

CPI Card Group, Colorado, April 2017 - CEO and President Steve Montross, 64, will be retiring from the provider of integrated payment solutions to credit and debit card issuers.   

Nanometrics, California, May 2017 - President and CEO, Dr. Timothy J. Stultz, 69, plans to retire. The company has retained Spencer Stuart to identify a successor.Nanometrics is a leading provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, such as data storage components and discretes including high-brightness LEDs and power management components. 

Brightcove, Massachusetts, July 2017 - Cloud video platform Brightcove's President and COO Andrew Feinberg, is iCEO. 

Marchex, Washington, October 2016 - Pete Christothoulou, 45, resigned as CEO in October last year from the mobile advertising analytics company. 

Edgewater Technology, Massachusetts, March 2017 - Chairman Jeffrey L. Rutherford, 56, is Interim President and CEO of the business and IT consulting firm.  

Quarterhill (fka Wi-LAN), Ottawa, Canada, April 2017 - Shaun McEwan, CFO, became Interim CEO of the diversified holding company focused on the Industrial Internet of Things.  

Numerex, Georgia, January 2017 – Numerex, the provider of managed machine-to-machine enterprise solutions, terminated the employment of Marc Zionts, 55, as CEO. CFO Kenneth Gayronis interim CEO., California, October 2016 – Dr. Elizabeth M. Cholawsky, 59, stepped down as president and CEO of the cloud-based software provider for self-support. Richard Bloom is iCEO. 

Apivio Systems, BC, Canada, May 2017 - Applied voice technology solutions firm Apivio Systems appointed Ms. Elizabeth Park as interim President and CEO. 

Sierra Monitor, California, May 2017 - Industrial Internet of Things (IIoT) solutions provider Sierra Monitor appointed Gordon Arnold, 71, as interim President and CEO. 

Brekford, Maryland, November 2016 - Leading public safety technology provider Brekford entered into a separation agreement with C.B. Brechin, 46, the company's CEO and CFO. 

MMRGlobal, California, June 2017 - Robert H. Lorsch, Chairman, President and CEO of the company, died unexpectedly at the age of 67. The CEO role at the online personal health records (PHRs) and storage solutions company is still not filled. 

Lavu, New Mexico, June 2016 - Marc Chesley has stepped down as the CEO of Lavu, the iPad point of sale system firm.  

INTREorg Systems, Texas - June 2017 - David M. Beach tendered his resignation as president, CEO and a director from the consulting and software as a service (SaaS) provider offering services, including shareholder analytics, analytics consulting and IT services., BC, Canada, July 2017 - (First Growth Holdings), the leading wine online store, announced that Ms. Ting Zhao has resigned as CEO and no longer iCFO. All directors, except Ting Zhao resigned. 

HopTo, California, July 2017 - Application virtualization & cloud software firm HopTo’s CEO Eldad Eilam resigns and names CFO Jean-Louis Casabonne as iCEO. 

International Card Establishment, California, July 2017 - Payment company International Card Establishment appointed Kelani Long iCEO & Director. 

Tinder, Texas, July 2017 - Greg Blatt will stay on as CEO of Tinder, the social search mobile app firm that facilitates communication between mutually interested users, until a replacement is named.

Kickstarter, New York, July 2017 - Kickstarter co-founder Yancey Strickler is stepping down as CEO of the innovative crowdfunding company later this year. Kickstarter is now actively looking for a replacement. 


Europe, Middle East & Africa 

Dustin Group, Sweden, June 2017 - CEO Georgi Ganev, 41, will resign from Dustin Group, the leading re-seller of IT-products and additional services in the Nordics, to join as CEO of Kinnevik. Ganev will remain as CEO during his six months’ notice period. 

Softcat Plc, UK, May 2017 - Martin Hellawell has decided to step down as CEO once a successor is in place at the IT infrastructure provider. 

Solocal Group S.A., France, May 2017 –Jean-Pierre Remy, 53, resigned from his position as CEO and Director, to devote himself to an entrepreneurship project. No replacement announced at the digital local communication services company for general public and professionals in Europe. 

Pricer AB, Sweden, April 2017 - CFO Helena Holmgren, 41, has been appointed acting CEO until a new CEO has been recruited at the leading company in providing in-store digital shelf-edge solutions. 

Brady Plc, UK, September 2016 - After nine years at the commodity trading software company, CEO Gavin Lavelle, 57, has decided to pursue new opportunities. Ian Jenks will assume operational control of the company as executive chairman.  

1Spatial, UK, December 2016 - Claire Milverton, 42, CFO, is interim CEO at the company which is a leader in managing geospatial, gis & spatial data.  

Forbidden Technologies, UK, February 2017 – CEO Aziz Musa, 36, has resigned from the cloud-based video post-production platforms provider. Chairman David Main, will, on a short term basis, be taking on the CEO's responsibilities whilst the search for a new full time CEO is on. 


Asia Pacific 

RapidCloud, Malaysia, March 2017 - The Board has appointed Chew Man Fai, 42, Executive Director, as interim CEO. The company has stopped trading on AIM. The company is a enterprise cloud computing services and web-solutions provider for Southeast Asia. 

Tomizone, New Zealand, July 2017 – Business Intelligence HCM software company Tomizone CEO Geoff Wanless, 55, will step down from the role due to the changing nature and restructuring of the business. 



Technology CEO Appointments

Tech CEOs Appointed in July 2017

The United States & Canada 

Samsung Electronics America, New Jersey - Samsung Electronics promotes COO Tim Baxter, 47, to CEO of North America. 

General Dynamics, Virginia - M. Amy Gilliland, 42, will succeed S. Daniel Johnson, 69, as president of General Dynamics Information Technology. Former Deputy for Operations for the unit. 

Sanmina Corporation, California - EVP & CFO Bob Eulau, 55, named CEO of Sanmina Corp. 

Citrix Systems, Florida - CFO David J. Henshall, 49, is now CEO. 

The E. W. Scripps Company, Ohio – The company named COO Adam Symson, 42, as the new president and CEO. 

Syntel, Michigan - Digital transformation services company Syntel iCEO & former COO Rakesh Khanna, 54, is named CEO. 

Multi-Color Corporation, Ohio - Mike Henry, 51, current EVP and Head of Constantia Labels, is expected to become CEO-elect of Multi-Color Corporation (Multi-Color acquired Labels Division of Constantia Flexibles). 

Ciber, Colorado - CFO Christian Mezger,48, to serve also as President and CEO for the IT consulting, managed services, IT application development and IT outsourcing company. 

Lionbridge Technologies, Massachusetts - John Fennelly, 57, CEO of HireRight, named President and CEO for the localization solutions firm. 

VASCO Data Security International, Illinois - President Scott Clements promoted to CEO role at the cybersecurity technology firm. Founder, Chair & CEO T. Kendall Hunt keeps Chair Role. 

Nexant, California - Software, consulting, and services company Nexant named John Gustafson as new CEO. Former VP and Head of the Utility and Energy BU at Cognizant Technology Solutions. 

American Software, Georgia - Executive Chairman & former CEO James C. Edenfield named principal executive officer upon J. Michael Edenfield's leave of absence as President & CEO at the Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and IT Consulting firm. 

WidePoint Corporation, Virginia - Provider of managed mobility services, telecom lifecycle management, and cybersecurity solutions WidePoint appointed EVP/COO Jin Kang, 53, as its CEO and President. 

Optimizely, California - Customer experience optimization software company Optimizely named Jay Larson as CEO and director. Most recently, CEO of Birst. 

Westell Technologies, Illinois - Matthew B. Brady, 49, is the new President and CEO at the leading provider of high-performance wireless network infrastructure solutions. Most recently SVP of the Safety and Security Systems Group (SSG) of Federal Signal Corporation. 

TSR, New York - Christopher Hughes, 56, formerly SVP of TSR was elected Chairman and CEO. TSR provides contract computer programming services in the New York metropolitan area, New England, and the Mid-Atlantic region. 

Insurity, Connecticut - Property & casualty processing and data solutions provider Insurity named Chris Giglio as CEO. Most recently CEO of Aderant. 

eFolder, Georgia - Cloud data protection, business continuity, and cloud file sync solutions firm eFolder appointed Matt Nachtrab as CEO, about six months after he joined the cloud backup vendor to serve as its chief strategy officer. 

Bluebeam Software, California - Project communications software company Bluebeam promoted COO Jon Elliott to CEO. 

Valuesetters, Connecticut – Valuesetters, provider of for online chess, announced that Manuel Teixeira resigned from the board and as CEO. Business strategy consultant Cecilia Lenk, accepted the position as CEO. 

Mediware Information Systems, Kansas – The company named Bill Miller as CEO for the clinical and performance management information software systems. Most recently, CEO of OptumInsight at Optum, a subsidiary of UnitedHealth Group. 

Vimeo, New York – video sharing site Vimeo named Anjali Sud as CEO. Previously GM and SVP of Vimeo’s creator business. 

Wave Sync Corp., New York - Next Gen debit/credit card semiconductor company Wave Sync's CEO Zuyue Xiang resigns (stays on board). Yang Liu, 38, is new CEO. 

Go Banyan, Utah - HCIT company Go Banyan hires former CEO of MartizCX, Carine Clark, as President and CEO. 

TRICAST, Wisconsin - HCIT big data SaaS company TRICAST hires CEO Jim Clair from Good Health.  

1WorldSync, New Jersey - Product information network 1WorldSync appoints Karin Borchert as CEO & MD. Former EVP, client services for Sterling Talent Solutions. 

iSIGN Media Solutions, ON, Canada, March 2017 - iCEO Joe Kozar, a major shareholder in proximity marketing solutions company iSIGN, is now CEO.  

VertaMedia, New York - Video monetization platform VertaMedia appointed industry veteran Chris Karl as their CEO. He recently served as Chief Strategy Officer and Head of Market Development for Sonobi. 

Mobile1st, Texas - Mobile1st named Jonathan Silverstein as CEO and president. Silverstein joins from Nexstar Media Group where he was SVP, Head of Digital Media Businesses. Springbox Labs, doing business as Mobile1st, offers mobile page optimization solutions to improve user experience.

TRICAST, Wisconsin – TRICAST, that develops a SaaS application to provide data driven pharmacy benefits and risk management consulting, appointed Jim Clair as CEO. Jim was the CEO of Goold Health Systems. 

HIMSS, Maine - HIMSS, the global, cause-based, not-for-profit organization focused on better health through IT, elected Harold "Hal" Wolf III as its new president and CEO. Currently, Wolf serves as director, practice leader information and digital health strategy at The Chartis Group as well as a board member and officer of the International Care Delivery Alliance. 

6sense, California - Predictive intelligence platform 6sense named Jason Zintak as CEO. Most recently, he served as CEO of Platfora, a leader in big data analytics, and as CRO of Responsys. 

HHAeXchange, New York - HHAeXchange, the software solutions provider to home care agencies announced that current President Greg Strobel has assumed the role of president and CEO. 

ReachForce, Texas - Cloud based data quality firm ReachForce named Dion Cornett as the new president and CEO. Prior to joining ReachForce, Cornett was the VP of global sales at MariaDB Corporation. 

TetraVue, California - TetraVue, the provider of 3D camera technologies and optics solutions to government agencies, named Dr. Hal Zarem as CEO. Prior to TetraVue, Zarem was president and CEO of Seeo. 


Europe, Middle East and Africa 

Seagate Technology, Ireland - Seagate Tech's promotes President & COO Dave Mosley, 49, to CEO, replacing Steve Luczo, 59. 

ITV plc, United Kingdom - Integrated producer broadcaster ITV plc Names easyJet CEO,  Dame Carolyn McCall, 55, as CEO. 

JUST EAT plc, United Kingdom - Moneysupermarket's CEO Peter Plumb, 54, named CEO of online food order and delivery service provider Just Eat plc. 

Sitecore, Denmark - Mark Frost, 59, has joined as CEO at the customer experience management software. Most recently, he served as CEO of MarkMonitor. 

Nyotron, Israel - Cybersecurity firm Nyotron named Peter Stewart to CEO. Stewart has held several important executive positions at McAfee and is the former CEO of TraceSecurity. 


Asia Pacific 

Mach7 Technologies, Australia - Enterprise Imaging Solutions & HCIT firm Mach7 Tech appointed former GE Healthcare Michael W. Jackman, 58, to CEO. 

Adobe Systems India Pvt. Ltd., India - Adobe Systems appointed Shanmugh Natarajan as MD of Adobe Systems in India. Formerly Executive Director and VP Engineering, Digital Media at Adobe.




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CFO, West coast tech company
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SVP Sales, $22m Enterpise Software Co.
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Read 2247 times Last modified on Thursday, 27 August 2020 11:45
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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