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Saturday, 09 December 2017 00:59

58 Open Tech CEO Roles & 41 Tech CEO Appointments Featured

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December 5th, 2017 

Welcome to our Technology CEO Transitions Newsletter.

We endeavor to catalog all open technology CEO roles (as of 11/30/2017) and latest appointments for the month of November 2017.  

The average length of time the searches are open is 3.9 months, down from 4.4 months earlier this year. There is little variance across geographies.


In This Edition 

  • Want a  Tech Board Seat? A Vell Study Reveals Backgrounds in Demand
  • Summary Trends & Stats -  Open Tech CEO Roles & Latest Appointments
  • Open CEO Roles as of November 30th, 2017
  • Tech CEOs Appointed in November 2017
  • Vell Research & Insights Summary
  • Featured Vell Placements

You can subscribe to our Open Roles Newsletters and research reports 

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Want a Tech Board Seat?

Superhero Guy Icon jpegAre you seeking your next board seat in a technology company? It is often helpful to look at the current composition of technology boards and what skills and experiences are currently in demand. ​A recent Vell Study studied public tech companies with $100m in revenues or more.

Where are the board seats? There are more board roles in the $100m to $500m companies overall, even though they have fewer board seats per company. 

Industry sub-sectors with the most board seats: Software leads the way with 30% of the board seats, the Hardware sector has almost 20%. 

Getting on your own company’s board: you may have a shot if you have one of the following roles. Companies between $100m to $500m have 18% insiders and include non-founder CEOs, including CTOs, CMOs, COOs and Presidents. 

Technology Hot Topics in Tech Companies & All Industries
Analytics & Data, Virtual Reality and leaders in the innovative breakthrough sectors. Hot topics in all Industry Sectors:  Cybersecurity, Digital Transformation, Analytics & Data,  Cloud operation and  ERP (from a Deloitte study lines up with our own) 

Ages:  41% are between 50 to 60, and 36% over 60.  But ages vary from 25 to 94. 

Education Matters
Harvard leads the way in all categories and some of the other Top Ranked Universities. As with everything else, it is an indicator of success. Other factors also weigh in, like deep expertise in something hot or have recognizable company names. 75% have an advanced degree. The top degree in demand seems to be an MBA. The second highest degree attained is a Bachelor’s. 

Committee Leadership Specialization: specializing in a specific committee and leading one gets you multiple boards and board leadership opportunities to head up committees. 

Functional Representation:  For executives sitting on multiple boards., CEOs and GMs take up 53% of the roles, and CFOs make up for another 22% of the roles.   New functional areas? a new trend are CHROs with Succession Planning experience to supplement compensation committees. 

if you want to learn more about recruiting technology executives for your company 
or are curious about how to get on boards,
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Summary Stats and Trends

By the numbers, overall:
  • Total Open CEO Roles:  58  
  • New CEO Appointments: 41 CEOs (1 women or 2%, 40men).
Geographic Distribution of Open Roles Vs. New Tech Appointments
2017 Dec Fig 1 New CEOs by Geography
New Tech CEO Openings: 17 – Oi S.A. (Brazil), StarHub (Singapore), Digital China Holdings (Hong Kong), Match Group - OkCupid and PlentyOfFish (Texas), J-Devices (Japan), SMART Global Holdings (CA), Quantum Corporation (CA), Five9 (CA), Ellies Holdings (South Africa), Xplore Technologies (TX), Westell Technologies (IL), Cartesian (KS), IndigoVision Group (UK), Immersion (CA), Dods Group (UK), SysGroup (UK).
CEOs Appointed – Sources
7% of the CEOs appointed were COOs or President or EVP - Operations, 7% were current board members, CFOs were 7%, iCEOs were 3%, divisional execs promoted were 12%, 10% other internal executives and 54% external appointments.
2017 Dec Fig 2 Sources of CEO AppointmentsDiversity: 1 (2%) CEOs out of 41 total CEOs appointed was a woman.
2017 Dec Fig 3 New CEOs   DiversityThe 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 ech- 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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Vell Executive Search is a retained executive search firm that specializes in recruiting technology execs for boards and executive roles, such as CIOs, CTOs, VP, Engineering, CISO and Chief Digital Officers. Vell has built a reputation for recruiting talented high-performing leadership teams globally. 



Guy moving through brick wall jpegWomen Board Members in Technology Companies - Strategies for Building High Performing Diverse Boards.

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Tech CEO Roles Open As of November 30th, 2017

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The United States & Canada 

Cerner Corporation, Missouri, July 2017 - Cerner Chair & CEO passes away. Vice Chair & Founder Cliff Illig  named Chair & iCEO.

HSN, Florida, April 2017 - CEO Mindy Grossman has resigned. The Board has established an Office of the CEO.

Intellicheck, New York, October 2017 - Intellicheck announces the appointment of Bill White as interim president and CEO and the departure of William Roof. 

Equifax, Georgia, September 2017 - Chairman and CEO Richard Smith would step aside following massive data breach. Paulino do Rego Barros Jr. named interim leader as the board searches for a successor. 

Nuance Communications, Massachusetts, November 2016 - Chairman and CEO Paul Ricci intends to retire at the end of first half of fiscal 2018. 

Finisar Corporation, California, September 2017 - Finisar Corporation announced that Chairman and CEO Jerry Rawls has informed the board of directors that he intends to retire as CEO of the company by the end of calendar year 2018. 

Match Group (OkCupid and PlentyOfFish), Texas, November 2017 - Match Group is actively recruiting to fill the CEO positions at both OkCupid and PlentyOfFish. 

Syniverse, Florida, August 2017 - Syniverse's President and CEO Stephen C. Gray retires in 2018. Gray will remain as CEO until the completion of the search process. 

SMART Global Holdings, California, November 2017 - CEO Iain MacKenzie has decided to transition to a revised role during the 2018 calendar year, but will remain on the board. It is anticipated that a search for a new CEO will commence in the near future. 

Ellucian, Virginia, July 2017 - Ellucian President/CEO Jeff Ray has retired. The company is in search for its next CEO. 

GlassBridge Enterprises (fka Imation), Minnesota, February 2017 - CFO Danny Zheng is serving as Interim CEO until the company Board appoints a new CEO. 

Quantum Corporation, California, November 2017 - Quantum Corporation named board member Adalio T. Sanchez as interim CEO to replace Jon Gacek, who has left the company. 

Five9, California - Mike Burkland, Chairman, President and CEO, will be transitioning to become executive chairman. In October, he was diagnosed with Stage 4 cancer and will be undergoing aggressive treatment over the next several months. The board has named Barry Zwarenstein, the company’s CFO, to the additional post of Interim CEO while a search for a permanent CEO commences. 

Marchex, Washington, October 2016 - Pete Christothoulou resigned as CEO in October last year.  

Edgewater Technology, Massachusetts, March 2017 - Chairman Jeffrey L. Rutherford is Interim President and CEO. 

Quarterhill (fka Wi-LAN), Ottawa, Canada, April 2017 - Shaun McEwan, CFO, will become Interim CEO.  

Xplore Technologies, Texas, November 2017 - Thomas Wilkinson, the company's CFO, has been named the company's Acting CEO. 

Numerex, Georgia, January 2017 - Numerex terminated the employment of Marc Zionts as CEO. CFO Kenneth Gayronis interim CEO., California, October 2016 – Dr. Elizabeth M. Cholawsky as president and CEO. Richard Bloom is iCEO. 

Westell Technologies, Illinois, November 2017 - Chairman Kirk R. Brannock has been appointed interim President and CEO. The Board intends to conduct a search for a permanent CEO.

 Xceligent, Missouri, October 2017 - Jody Vanarsdale, Xceligent’s COO, will take on the role of Acting CEO. 

Cartesian, Kansas, November 2017 - Peter Woodward provided formal notice to Cartesian that he will resign from his position as CEO. 

Apivio Systems, BC, Canada, May 2017 - Apivio Systems appointed Ms. Elizabeth Park as interim President and CEO. 

Immersion Corporation, California, November 2017 - Carl Schlachte, currently chairman of the board, has been unanimously elected by the board as interim CEO.

Blancco Technology Group, Georgia, September 2017 - Pat Clawson, CEO, has decided to step down. Interim CFO Simon Herrick, will become CEO on an interim basis. 

Dealnet Capital, Ontario, Canada, October 2017 - The company has commenced the search for a new CEO following the decision by the company to replace the current CEO, Mr. Michael Hilmer. 

Brekford, Maryland, November 2016 - Brekford entered into a separation agreement with C.B. Brechin, the company's CEO and CFO.  

Digiliti Money, Minnesota, August 2017 - Jeffrey Mack has resigned as President and CEO. EVP & CFO, Bryan Meier, will assume the position of interim CEO. 

MMRGlobal, California, June 2017 - Robert H. Lorsch, Chairman, President and CEO of the company, died unexpectedly. 

Lavu, New Mexico, June 2016 - Marc Chesley has stepped down as the CEO of Lavu.  

INTREorg Systems, Texas - June 2017 - David M. Beach tendered his resignation as president, CEO and a director.  

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

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., Utah, September 2017 - CEO Tim Sullivan is stepping down. CFO and COO Howard Hochhauser assumed the role of interim CEO as the company conducts a search for a permanent replacement. 

Social Finance, California, September 2017 - CEO Michael Cagney will be stepping down at the end of the year. 

Nexus Enterprise Solutions, Florida, October 2017 - James Bayardelle, was appointed as the company's CEO, until a new CEO is appointed. 

Birch Communications, Georgia, October 2017 - Birch Communications announced the departure of President and CEO Tony Tomae. 

Qlik Technologies, Pennsylvania, October 2017 - Qlik announced that Lars Björk, CEO, has transitioned his responsibilities to David Murphy as interim CEO. A search is underway to find a permanent CEO. 

comScore, Virginia, October 2017 - Dr. Gian Fulgoni its Co-Founder and CEO, intends to retire as CEO. The Board has formed a committee to direct the search for a new CEO. The Committee will retain a leading executive search firm to assist in identifying and evaluating both internal and external candidates for the CEO role. 

Bolste, Arizona, October 2017 - Founder Leif Hartwig has stepped down from his position as CEO, but will continue to serve on the board. Current Board member Kenneth Waters will serve in the role of Interim CEO until a permanent successor has been named.  

Europe, Middle East & Africa 

Independent News & Media plc, Ireland, October 2017 - Secretary and Chief Risk Officer Michael Doorly named as interim Group CEO, replacing outgoing CEO Robert Pitt. 

Ellies Holdings Limited, South Africa, November 2017 - Wayne Samson resigned as CEO. The board says a further announcement, regarding the appointment of a new CEO, will be released in due course. 

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. 

Avanti Communications, United Kingdom, August 2017 - CEO David Williams is stepping down. Alan Harper, currently a board non-executive director who joined in March 2017, who will assume the role of interim CEO. 

Catena Media Plc, Malta, October 2017 - Catena Media appointed Henrik Persson Ekdahl as acting CEO as Robert Andersson leaves as CEO. 

IndigoVision Group plc, United Kingdom, November 2017  - Pedro Simoes, who was appointed as SVP - Global Sales, has been appointed as Interim CEO and will join the Board. 

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. 

Dods Group PLC, United Kingdom, November 2017 - Guy Cleaver, CEO, has resigned. The Board is currently seeking to appoint a new CEO. 

SysGroup plc, United Kingdom, November 2017  - SysGroup plc announced that Chris Evans, CEO, has, due to longstanding health issues, will step down. A process is undertaken to appoint a permanent successor. 

Asia Pacific

Samsung Electronics, South Korea, October 2017 - The CEO of Samsung Electronics and Samsung Display Kwon Oh-Hyun resigned from both the units, leaving in March 2018. Samsung has not yet announced a replacement. 

Infosys, India, August 2017 - Vishal Sikka, 50, has resigned as the MD and CEO of Infosys over differences with the founders on governance issues. COO UB Pravin Rao, 55, has been appointed as the interim CEO. Infosys appointed Egon Zehnder to help find Vishal Sikka's successor. 

StarHub Ltd., Singapore, November 2017 - CEO Tan Tong Hai will step down from his position. The group said it is engaged in a global executive search for a new CEO. 

Digital China Holdings, Hong Kong, November 2017 - Denis Shing Fai YIP has resigned as an executive Director, the CEO and the president. 

J-Devices Corporation, Japan, November 2017 - Yoshifumi Nakaya notified parent company Amkor Technology of his intention to retire as President & CEO of J-Devices at the end of 2017. The company expects to announce Mr. Nakaya's succession plan concurrently with the effective date of his retirement. 

Xchanging Solutions, India, October 2017 - Ramaswamy Sankaranarayanan Kavalapara named as interim managing director cum interim CEO. 

Network for Learning, New Zealand, October 2017 - N4L CEO John Hanna is leaving the company. The N4L board has appointed Greg Woolley, currently N4L's chief product officer, as interim CEO. 

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. 

Latin America 

Oi S.A., Brazil, November 2017 - Eurico de Jesus Teles Neto to act as interim CEO, along with his current role Chief Legal Officer, until the Board deliberates on this matter. 




Technology CEO Appointments

Tech CEOs Appointed in November 2017

The United States & Canada 

diversity stars

Hewlett Packard Enterprise, California - Antonio Neri, current President of HPE, will become President and CEO, and will join the HPE Board of Directors. Meg Whitman, current CEO, will remain on the HPE Board. 

Brocade Communications Systems, California - Brocade Communications Systems merged with Broadcom and Broadcom CEO Hock E. Tan will serve as President and CEO of the merged entity. 

NEC Corporation of America, Texas - NEC Corporation of America named Masahiro (Mark) Ikeno as its new President and CEO. He previously led NEC’s EMEA operations.

Cardtronics plc, Texas - CFO Edward H. West will assume the role of CEO upon current CEO Steve Rathgaber’s retirement at the end of 2017. 

Match Group, Texas - Elie Seidman, currently CEO of OkCupid, will become Tinder's new CEO. 

Hesam Hosseini, currently CEO of PlentyOfFish, will become CEO of Match and Match Affinity Brands. 

Consolidated Communications Holdings, Illinois - The Board appointed C. Robert Udell, Jr. as its new President and CEO. For,er CEO and President of Fairpoint Communications. 

TiVo Corporation, California - TiVo Corporation elected Enrique Rodriguez to the position of president and CEO. Most recently, he was EVP and chief technical officer of AT&T’s Entertainment Group. 

Black Box Corporation, Pennsylvania - Black Box Corporation named Joel T. Trammell, 52, as President and CEO. Founder and CEO of Khorus. 

Synchronoss Technologies, New Jersey - Glenn Lurie has been appointed CEO and a member of its Board. Most recently served as President and CEO of AT&T’s Mobility and Consumer Operations. 

Benefitfocus, South Carolina - Benefitfocus appointed President Ray August to the position of President & CEO. 

Accenture Federal Services, Virginia - Accenture has named John Goodman as CEO of Accenture Federal Services (AFS). Prior, Goodman served as the U.S. Deputy Under Secretary for Defense for Industrial Affairs & Installations. 

Nanometrics, California - Nanometrics Incorporated appointed Pierre-Yves Lesaicherre as a director and as its new President and CEO. Dr. Pierre-Yves Lesaicherre, age 54, was the CEO of Lumileds, a provider of innovative LED solutions for the automotive, mobile, television, IoT and illumination markets. 

DHI Group, New York - Michael P. Durney will no longer be the President, CEO or a director of the company, while a search for a new CEO is close to being completed. 

Exa Corporation, Massachusetts - Exa Corporation entered into an agreement and plan of merger with Dassault Systemes Simulia Corp. and 3DS Acquisition 3 Corp. Dassault Systèmes CEO Bernard Charlès became CEO and Chairman of the Board. 

FanDuel, New York - Matt King, who served as CFO of FanDuel from 2014-2016, has been named CEO and will join the Board. 

Acquia, Massachusetts - Acquia named Michael Sullivan as CEO. Sullivan joins the company from Micro Focus, where he participated in the merger of Micro Focus with Hewlett Packard Enterprise’s software business. 

DiscoverReady, New York - DiscoverReady appointed James Schellhase, global executive with IBM, as CEO. 

Talari Networks, California - Talari Networks named former SonicWall executive Patrick Sweeney as CEO.

MicroVision, Washington - MicroVision named Perry Mulligan, a company director, as CEO, replacing Alexander Tokman who has resigned as CEO and director. 

Wigi4you, Nevada - Chi Qiang Liang was elected as President, CEO and Director of the Company. Former head of Internet Business and Value-Added Centre at Guangdong United Power Service Co. Ltd. 

Rapid Focus Security, Massachusetts - Pwnie Express has appointed board member Todd DeSisto as the company's new CEO. 

Cognitive Code, California - Alex Mayberry named as the company's new CEO. Previously focused on product development, Alex will now take over Cognitive Code's daily operations. 

Europe, Middle East & Africa 

Altice N.V., Netherlands - Dexter Goei, CEO and Chairman of Altice USA, will also serve as CEO of Altice N.V. CFO Dennis Okhuijsen will also served as Europe CEO. 

SFR Group SA, France - Alain Weill, SFR Media CEO, is appointed SFR Group Chairman and CEO. 

Softcat plc, United Kingdom - Softcat plc announced that Graeme Watt is to join as CEO. He previously spent six years at Bell Micro as President of Global Distribution. 

Telit Communications PLC, United Kingdom - Yosi Fait, who has been interim CEO since August, has been appointed CEO. 

NCC Group plc, United Kingdom - NCC Group plc appointed Adam Palser as CEO. Adam was previously the CEO of NSL Ltd. 

Techstep ASA, Norway - Jens Haviken has been appointed as new CEO of the company. Former VP of Services and Solutions at Dustin Group AB. 

Edgeware AB, Sweden - Karl Thedéen named as the new Managing Director and CEO of the company. Thedéen is the former CEO of Transmode AB. 

TARGIT, Denmark - Leif Vestergaard will replace Ulrik Pedersen as TARGIT CEO. Leif Vestergaard most recently served as CEO of EG. 

Micronet, Israel - Micronet Enertec Technologies appointed David Markus as the new CEO of Micronet Ltd. Former CTO at Pointer Telocation. 

Defenx Plc, United Kingdom - Defenx plc appointed Alessandro Poerio as CEO. Former CEO of Oberthur Technologies Italia. 

Asia Pacific 

PINE Technology Holdings Limited, Hong Kong - Li Jiàn has been appointed as the CEO. Mr. Li had previously worked in Haerbin Hechen Investment Management Limited for several senior positions from 2010 and acted as the CEO of Shanghai Wuyao Educational Technology Limited since 2017. 

D-Link (India) Limited, India - Tushar Sighat, Cyberoam Security exec, appointed as Managing Director and CEO Director of the company. 

BPS Technology, Australia - BPS Technology appointed Iain Dunstan as CEO. Most recently, he was CEO of Rubik Financial. 

Pureprofile Ltd., Australia - Pureprofile named Nic Jones as CEO of Pureprofile. Jones most recently as Chief Revenue Officer of music video publisher, Vevo. 

Acorn International, China - Acorn International announced that it has appointed Jacob A. Fisch, current President, to the position of CEO and President of the company. 

I Synergy Group, Malaysia - I Synergy Group Limited announced that Terance Chan, the present Group CEO, has resigned effective immediately. Dato' Lawrence Teo, the current Managing Director will assume the Group CEO responsibilities until a suitable candidate has been appointed. 

Melstar Information Technologies, India - Melstar Information Technologies named Director Ashish Mahendrakar as the CEO of the company.



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Read 2042 times Last modified on Thursday, 13 August 2020 18:33
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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