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Thursday, 15 August 2013 04:00

Open CEO Roles at Mozilla, Pandora Internet Radio and Others

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Vacant CEO Posts

Vell Executive Search compiles Vacant CEO Posts

PREPARED BY: Vell Executive Search

DATE: July 16 to August 15, 2013

Vell Executive Search compiles this report from public sources. Any knowledge as to the Search firm leading the project is included in the comments section for that company.

New CEO Roles since Last Report (July 15, 2013)

  • California: Juniper Networks, Polycom, Selectica, Cloudscaling, Nevada Sunrise Gold Corp.
  • Colorado: Solera National Bancorp
  • Oklahama: Semgroup Corporation, Rose Rock Midstream,
  • New Hampshire: Standex International
  • New Jersey: Silverstar Mining
  • New York: Eastman Kodak
  • North Carolina: LipoScience
  • Washington: Red Lion Hotels Corporation
  • Wyoming: Cheyenne Regional Medical Center
  • International: Sterling Energy, Göteborg & Co., ServicePower Technologies

     CEO Appointments since Last Report (July 15, 2013)

  • True Religion Apparel - True Religion Apparel, a portfolio company of TowerBrook Capital Partners, named VF Retail Licensed Brands’ President, David Conn, as CEO.
  • Tejon Ranch Company - Tejon Ranch has hired Newland Communities’ senior executive Gregory S. Bielli, 53, to replace current CEO, Robert A. Stine, who retires at the end of this year. Bielli will serve as President and COO until Stine’s retirement.
  • Saba Software - Shawn Farshchi, Saba's Interim CEO and EVP and COO, has been named President and CEO.
  • ShoreTel - SVP of business operations Don Joos named as President & CEO.
  • Thompson Creek Metals Company - President and CEO of St Andrew Goldfields Jacques Perron was named new CEO of Thompson Creek Metals Company.
  • Groupon – Groupon named co-founder Eric Lefkofsky as permanent CEO.
  • Meritor - Meritor has named iCEO Ivor J. Evans as its new CEO and board chairman.
  • Bacterin International - Bacterin named CEO of Sound Surgical Technologies Daniel "Dan" Goldberger as its new CEO.
  • WebMD Health Corp – iCEO David J. Schlanger is new CEO of WebMD.
  • Bitly - Mark Josephson named Bitly CEO. He comes to Bitly from Aol’s Patch, where he ran revenue and marketing.
  • Four Seasons Hotels and Resorts - Four Seasons Hotels and Resorts named Allen Smith, currently CEO of Prudential Real Estate Investors, as its President and CEO.
  • The Royal Bank of Scotland Group - Ross McEwan, the head of its retail operations, will replace outgoing CEO Stephen Hester on October 1, 2013.
  • AVG Technologies - Former Mozilla CEO Gary Kovacs to Head AVG as CEO.

CEOs Appointed Through Internal Promotions (July 15-August 15, 2013)

  • Applied Materials - Gary Dickerson, president of Applied Materials, will become CEO of the company with effect from Sept. 1.
  • Kuehne + Nagel - World-leading logistics provider Kuehne + Nagel has appointed Dr. Detlef Trefzger, currently a  member of the Kuehne + Nagel Management Board and responsible for Contract and Integrated Logistics, as CEO.
  • Jollibee - Jollibee Foods Corp. named COO Ernesto Tanmantiong as the new president and CEO, w.e.f  July 1, 2014.
  • Rockwell Collins – President Kelly Ortberg also appointed CEO of Rockwell Collins.
  • AMP - Wealth manager AMP has appointed its head of financial services division, Craig Meller, to replace retiring CEO Craig Dunn at the start of 2014.
  • Siemens - Siemens appoints finance chief Joe Kaeser as CEO.
  • Time Inc. - Joseph A. Ripp, a former top Time Inc. and Time Warner executive, and currently the CEO of OneSource Information Services, will become the CEO of Time Inc. in September.
  • Turner Broadcasting System – CFO John K. Martin will be the next CEO of Turner Broadcasting System, beginning January 1, 2014.
  • Time Warner Cable – Chair & CEO Glenn A. Britt will retire at the end of 2013. COO Robert D. Marcus to succeed Britt as Chairman and CEO effective January 1, 2014.
  • Johnson Controls - Vice Chairman Alex A. Molinaroli will serve as the company's next president and CEO effective Oct. 1, 2013. He succeeds current CEO Stephen A. Roell.
  • HCA - Health care facilities organization HCA names President & CFO R. Milton Johnson as new CEO, replacing Richard M. Bracken.
  • Murphy Oil Corporation - COO Roger Jenkins named President and CEO, effective August 30, 2013, succeeding Steven A. Cosse.
  • ONEOK Partners and ONEOK – President Terry K. Spencer, 54, will become next CEO of ONEOK Partners and ONEOK.
  • Rock-Tenn Company – President & COO Steven C. Voorhees is appointed new CEO.
  • Hologic – Former CEO Jack W. Cumming has been re-appointed President and CEO, succeeding Robert A. Cascella.
  • BOK Financial - COO Steven G. Bradshaw will be new president and CEO.
  • FLIR Systems - President of FLIR Systems' commercial systems division Andrew C. Teich was promoted to the position of President and CEO.
  • Hexcel Corporation - President & COO Nick L. Stanage is the new CEO of the company.
  • IMRIS - President and COO Jay D. Miller, will also become the CEO of medical equipment company IMRIS.
  • Actuant Corporation - COO Mark E. Goldstein, will assume the responsibilities of CEO, replacing Robert C. Arzbaecher.
  • Sensient Technologies Corporation - Sensient promoted COO Paul Manning to the position of President and CEO.
  • Weight Watchers International - President and COO James Chambers will become CEO.
  • Curtiss-Wright Corporation - COO David C. Adams has been named President and CEO.
  • Jack in the Box – President Leonard A. Comma will succeed Linda A. Lang as CEO, effective January 1, 2014.
  • African Minerals Limited - London-listed iron-ore firm African Minerals Limited (AML) named company director Bernard Pryor as CEO.
  • California Water Service Group - President and COO Martin (Marty) A. Kropelnicki will become President and CEO.
  • Geospace Technologies Corporation - EVP and COO Walter R. (Rick) Wheeler will assume the role of President and CEO effective January 1, 2014.
  • Emulex - Jeffrey W. Benck, Emulex's current president and COO, has been appointed president and CEO.
  • Dice Holdings - Michael Durney, EVP, Industry Brands Group and CFO, will succeed Scot Melland as President and CEO.
  • Daktronics - EVP Reece A. Kurtenbach, will be officially appointed as the President and CEO of the Company effective September 1, 2013.
  • Enertopia – Robert McAllister, President and Director of Enertopia will assume the duties and responsibilities of CEO, Chairman of the Board and Secretary.
  • First Community Bank - Gary R. Mills, SVP and Chief Credit Officer of First Community Bank, to succeed John M. Mendez as CEO and President.
  • Star Gas Partners - EVP and COO Steven Goldman will succeed Dan Donovan as the President and CEO.
  • OrotonGroup - OrotonGroup’s esteemed CEO, Sally MacDonald, has stepped down. Mark Newman has been appointed the new CEO, from within Oroton.
  • Merge Technologies - Justin Dearborn, President of the Company and CEO of Merge DNA, was appointed as CEO of Merge Technologies.
  • Porter Bancorp - John T. Taylor, President and CEO of PBI Bank and President of Porter Bancorp, will also be named CEO of Porter Bancorp.
  • Uroplasty - iCEO Robert C. Kill has been named President and CEO.
  • Aegea - Co-Founder Keith Duffy, age 52, is now President and CEO.
  • Insignia Systems - President & COO Glen P. Dall is now President and CEO of Insignia Systems.
  • Rentokil Initial - Rentokil Initial has appointed Andy Ransom, currently Regional Managing Director and Executive Director, as its new CEO.
  • Alloy Steel International - The Board has promoted Steven Kostecki who will transition from Production Manager to the role of CEO and Managing Director.
  • Duke Energy - Duke Energy named Steve K. Young EVP and CFO to replace Lynn J. Good, who became president and CEO on July 1.
  • Peter Piper Pizza - Phoenix-based Peter Piper Pizza has named its president, Charles Bruce, as its new CEO.
  • U.S. Steel Corp. - CEO John Surma is stepping down and will be succeeded by President Mario Longhi.
  • FalconStor Software - iCEO Gary Quinn has been named President and CEO.
  • Alacer Gold - Alacer Gold Corp. announced that CFO Rodney P. Antal will become CEO.
  • Taro Pharma – Insider Kalyanasundaram Subramanian will serve as CEO.
  • CRH – COO Albert Manifold will assume the role of Group CEO at CRH on January 1, 2014, following the retirement of the current CEO, Myles Lee.

     Details of CEO Vacancies


Arkansas Capital Corporation, Little Rock, AR                                   Revenues: Private 

Arkansas Capital Corporation Group provides commercial financing services. The company was formerly known as First Arkansas Development Finance Corporation.

July 2013 - Sam Walls, who served as the CEO of The Arkansas Capital Corporation Group, has retired after 24 years of service. Rush Deacon, who has served as Chairman of the Board of Arkansas Capital Corporation, is now serving as the acting CEO for the company.


Juniper Networks, Sunnyvale, CA                                                     Revenues: $4.36b 

Juniper Networks designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide.

Juniper CEO Kevin Johnson plans to retire, but will stay at the helm until Juniper’s board finds a replacement. Johnson has been the CEO of Juniper for the last five years, and said he is stepping down because it’s a good time for the company to transition.

Electronic Arts, Redwood City, CA                                                     Revenues: $3.7b  

Electronic Arts develops game software content and services that can be played on a variety of video game machines and electronic devices (platforms).

March 2013 - Electronic Arts announced that John Riccitiello will step down as CEO and as a member of the Board of Directors. EA continues its search for a new CEO.

VeriFone Systems, San Jose, CA                                                       Revenues: $1.86b

VeriFone Systems is engaged in the secure electronic payment solutions.

March 2013 - VeriFone Systems announced that Douglas G. Bergeron is stepping down as CEO and member of the Board of Directors, effective March 12. VeriFone's Chairman, Richard McGinn, has been named Interim CEO, while Leslie Denend has been named Interim Chairman.

Polycom, San Jose, CA                                                                       Revenues: $1.4b

Polycom is a provider of unified communications (UC) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards.

July 2013 – Polycom announced the appointment of Kevin Parker as Interim CEO. Parker replaced Andrew Miller who resigned as CEO, President and a member of the Board of Directors on July 19, 2013.

iGATE, Freemont, CA                                                                          Revenues: $1.07b

iGATE is an outsourcing provider of integrated end-to-end offshore centric IT and IT-enabled operations solutions and services..

May 2013 - On May 20, 2013, Phaneesh Murthy was terminated as CEO and President of iGATE Corporation , effective immediately. Following the termination of Mr. Murthy, the Board of Directors of the Company appointed Gerhard Watzinger, age 52, as interim CEO and President, effective immediately. Mr. Watzinger will lead the Company while a search for a new President and CEO is conducted.

Skilled Healthcare Group, Foothill Ranch, CA                                    Revenues: $872.6m 

Skilled Healthcare Group is a holding company. The Company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business.

July 2013 - Skilled Healthcare Group announced that its Chairman and CEO, Boyd Hendrickson, intends to retire from his role around the end of 2013. The Company's Board will engage a leading executive search firm with extensive experience in healthcare executive placements to identify both internal and external candidates to succeed Mr. Hendrickson. 

Impax Laboratories, Hayward, CA                                                     Revenues: $581.7m 

Impax Laboratories is a specialty pharmaceutical company.

June 2013 - Impax Laboratories announced that Dr. Larry Hsu plans to retire as President and CEO of Impax Laboratories. Dr. Hsu will remain with the Company in his current position until a replacement CEO is hired; he will also remain a member of the Board of Directors following the appointment of his successor.

Tessera Technologies, San Jose, CA                                                  Revenues: $209m 

Tessera Technologies develops and licenses miniaturization technologies for chip-scale, multichip, and wafer-level packaging.

March 2013 - Tessera Technologies has announced a shakeup of its board and the commencement of a search for a new CEO to replace Robert A. Young. It has named one of the Company's directors, Thomas Lacey, as interim CEO, effective May 29, 2013. Upon Lacey's appointment as interim CEO, Richard S. Hill who was named as interim CEO and executive chairman of the Board, returns to his role as non-executive chair.

IRIDEX, Mountain View, CA                                                                Revenues: $33.9m

IRIDEX is a worldwide provider of therapeutic based laser systems, delivery devices and consumable instrumentation used to treat eye diseases in ophthalmology and skin conditions in dermatology (also referred to as aesthetics).

September 2012 - IRIDEX Corporation appointed William Moore as interim president and CEO. Moore replaces Dominik Beck, whose employment with the company ceased on August 24, 2012. Moore currently serves, and will continue to serve, as chairman of the IRIDEX Board of Directors during his tenure as interim CEO.

FiberTower, San Francisco, CA                                                           Revenues: $76.1m

FiberTower Corporation is a provider of facilities-based backhaul services to wireless carriers.

November 2012 - Kurt J. Van Wagenen resigned as President, CEO and director of FiberTower Corporation and each of its subsidiaries. No replacement named.

Selectica, San Mateo, CA                                                                    Revenues: $ 17.6m

Selectica is engaged in developing software. The Company's guided selling, sales configuration, and contract lifecycle management solutions supports mid-size firms.

August 2013 - Selectica appointed Michael Brodsky as Chairman and Interim CEO of the Company, replacing Jason Stern, who was dismissed as President and CEO.

Mozilla, Mountain View, CA                                                                 Revenues: Private

Mozilla is the the nonprofit organization behind Firefox, Firefox OS and other online tools.

April 2013 - Mozilla, the nonprofit organization behind Firefox, Firefox OS and other online tools, announced that its CEO Gary Kovacs, who joined Mozilla in 2010, has stepped down. The organization has started a search for his replacement.

Pandora Internet Radio, Oakland, CA                                                Revenues: Private

Pandora Internet Radio (also known as Pandora Radio or simply Pandora) is an automated   music recommendation service.

March 2013 - Pandora CEO Joseph Kennedy announced he will step down as soon as the company can find someone to fill his shoes.

Oakland Raiders, Oakland, CA                                                           Revenues: Private

The Oakland Raiders are a professional American Football team based in Oakland, California. They were founded in 1960.

May 2013 - Longtime Oakland Raiders CEO Amy Trask has ultimately decided to step away from the organization. Trask's void leaves a vacancy at one of the more unique positions in professional sports.

Qlogic, Aliso Viejo, CA                                                                         Revenues: $484.5m

QLogic Corporation designs and supplies network infrastructure products that provide and manage computer data communication. The Company’s products are used in enterprise data centers, cloud computing, Web 2.0 and other environments.

May 2013 - QLogic has named CFO Jean Hu to serve as interim CEO after announcing that President and CEO Simon Biddiscombe had resigned both these offices, and quit his position as a director of the company as well, "in order to pursue other opportunities."

Gemological Institute of America, Carlsbad, CA                               Revenues: NA

The Gemological Institute of America, or GIA, is a nonprofit institute dedicated to research and education in the field of gemology and the jewelry arts. Founded in 1931, GIA's mission is to protect all buyers and sellers of gemstones by setting and maintaining the standards used to evaluate gemstone quality.

June 2013 - Donna M. Baker has resigned as president and CEO of the Gemological Institute of America. The sudden announcement was made late with the reason given as “differing views on the direction of GIA”. Board of Governors Chair, Susan M. Jacques, president and CEO of Borsheims Fine Jewelry and Gifts, will serve as interim president and CEO while the board conducts a search for a new executive.

Community Valley Bank, El Centro, CA                                              Revenues: NA

Community Valley Bank is the Imperial Valley’s ONLY locally owned and locally headquartered bank. CVB was chartered as a state bank for Imperial Valley businesses on October 1, 2007, and now has two locations, 1443 Main Street in El Centro and 310 Main Street in Brawley, California and a Loan Production Office at 77564 Building A, Country Club Drive, Ste 103 in Palm Desert, California.

May 2013 - Community Valley Bank announced the retirement of Robert "Bob" Hahn as President and CEO. Upon receipt of notification of Mr. Hahn's retirement, the Board of Directors of Community Valley Bank took action to reorganize. This included naming Mr. Jon Edney as the Acting President and CEO (he previously served as the Chairman of the Board).

Independent Film Development Corporation, Los Angeles, CA         Revenues: NA

Independent Film Development Corporation (IFDC) focuses on acquiring and developing independent films for production, sales and distribution, with a goal towards partnerships with mini-major and the major film studios, such as Lionsgate and Sony.

June 2013 - Jeff Ritchie resigned as CEO of Independent Film Development Corporation, and was replaced by George Ivakhnik as Interim CEO. Mr. Ritchie will stay on as COO and director.

Flux Power Holdings, Escondido, CA                                                  Revenues: $5.9m

Flux Power Holdings, Inc. conducts its operations through its wholly owned subsidiary, Flux Power, Inc. (Flux Power). Flux Power develops and sells rechargeable advanced energy storage systems. The Company is structured its business around its core technology.

June 2013 - Flux Power's CFO, Ron Dutt, has been named interim CEO. Upon the closing of the proposed acquisition of KleenSpeed, its current CEO, Timothy Collins, will join the Board of Flux Power and assume Mr. Anthony's role of Executive Chairman.

Sierra Vista Bank, Folsom, CA                                                            Revenues: $3.4m

Sierra Vista Bank offers personal and business banking services. The bank serves the local banking needs of the businesses and residents in the community of Folsom.

July 2013 - Sierra Vista Bank announced that Gregory Patton has resigned as President and CEO. Until a successor is named, the Bank will be managed by the executive management team with Board oversight by Brady Whitlow the Chairman of the Board.

Qualstar, Simi Valley, CA                                                                     Revenues: $17.1m

Qualstar Corporation engages in designing, developing, manufacturing, and marketing power supplies and data storage systems worldwide.

July 2013 - Qualstar announced the appointment of Steven N. Bronson as interim CEO and President of Qualstar. Bronson replaces outgoing CEO, Lawrence Firestone.

Cloudscaling, San Francisco, CA                                                          Revenues: Private

Cloudscaling is the leading provider of on-premise elastic cloud infrastructure solutions to support dynamic applications.

July 2013 - Cloudscaling Co-Founder and CTO Randy Bias said CEO Michael Grant is leaving the company with a replacement being sought for the cloud systems company. Bias will serve as interim CEO, replacing Grant who joined Cloudscaling in 2011.

Nevada Sunrise Gold Corp, Auburn, CA                                              Revenues: NA

Nevada Sunrise Gold Corporation is an exploration-stage company. The Company’s principal business activities include the acquisition, exploration and development of mineral properties.

August 2013 - Nevada Sunrise Gold Corporation announces that long time director Warren Stanyer has been appointed interim CEO and interim President of the Company and interim President of the Company's wholly owned Nevada subsidiary, Intor Resource Corp., effective immediately.


Gasco Energy, Englewood, CO                                                            Revenues: $8.9m

Gasco is a natural-gas and petroleum company engaged in locating and developing hydrocarbon resources, primarily in the Rocky Mountain region.

May 2013 - Gasco Energy announced the resignation of W. King Grant as president and CEO, and as a member of the company's board of directors, and said the future of the company is in doubt. Richard Langdon was named interim CEO. He's been an independent director of Gasco since March 2003 and is chairman of Houston-based Constellation Energy Partners.

Solera National Bancorp, Lakewood, CO                                            Revenues: $5.1m

Solera National Bancorp is a bank holding company of Solera National Bank (the Bank). The Bank is a federally chartered national bank.

July 2013 - Douglas Crichfield retired from his positions as President, CEO and Board member of both Solera National Bancorp and its bank, Solera National Bank. It appointed Ray L. Nash to serve as the Company's Interim CEO and President while the Company searches for a permanent replacement.


Health Management Associates, Naples, FL                                       Revenues: $5.87bHealth Management Associates, by and through its subsidiaries operates general acute care hospitals and other health care facilities in non-urban communities.

May 2013 - Health Management Associates announced that Gary D. Newsome will retire as President, CEO and member of the Board of Directors, effective July 31, 2013. Mr. Newsome will continue to lead the Company until his retirement and the Board has initiated a search for a new CEO.

Options Media Group Holdings, Boca Raton, FL                                  Revenues: NA

Options Media Group Holdings is a multi-channel marketing firm specializing in the acquisition and retention customers through direct and digital, and Internet marketing programs.

September 2012 - Scott Frohman resigned as the CEO, Secretary, a director and all other positions at Options Media Group Holdings and its subsidiaries, with no replacement announced.


Alternate Energy Holdings, Eagle, ID                                                  Revenues: NA

Alternate Energy Holdings is engaged in the purchase, optimization and construction of green energy sources, primarily nuclear power plants.

November 2012 - Alternate Energy Holdings announced that founder Don Gillispie will step down as CEO and Director after seven years. The decision was made amid ongoing health concerns, although Gillispie will assist the company part time as a consultant only as his health allows going forward. In his place, the AEHI Board of Directors voted unanimously to appoint Pete Honeysett, AEHI Director of Nuclear Projects, as interim President.


Heidrick & Struggles, Chicago, IL                                                        Revenues: $443.8m

Heidrick & Struggles is an advisory firm providing executive search and leadership consulting services.

July 2013 - Heidrick said Chief Executive L. Kevin Kelly stepped down and will return to the firm's executive-search business in a senior client service role. He will be replaced on an interim basis by the leader of the company's Americas business, Jory Marino. A board search committee will look for a successor. Mr. Marino will be considered for the permanent post.

Roseland Community Hospital, Chicago, IL                                         Revenues: Private

Roseland Community Hospital is a full-service medical facility with health care professionals in several medical specialties.

June 2013 - CEO and President of Roseland Community Hospital, Dian Powell, has resigned. Board Chairman Genivee Chapman was appointed interim CEO.


Delta Dental of Kansas, Wichita, KS                                                    Revenues: Private

Delta Dental of Kansas is the largest provider of dental benefits in Kansas.      

July 2013 – CFO Michael Herbert will serve as the interim CEO of Delta Dental of Kansas Inc. when Linda Brantner retires later this year. Delta will conduct a national search for Brantner’s replacement.


Vera Bradley, Fort Wayne, IN                                                              Revenues: $541.1m

Vera Bradley is a designer, producer, marketer, and retailer of functional accessories for women. The Company’s products include a range of offering of handbags, accessories, and travel and leisure items.      

June 2013 - Current CEO Michael Ray has notified the company that he will retire, and Vera Bradley has formed a search committee to hunt for a successor, with the aid of executive search concern Spencer Stuart.


CashStar, Portland, ME                                                                        Revenues: Private

CashStar operates digital gift card programs for major retailers.      

May 2013 - CashStar co-founder and CEO David Douglas Stone has left the Portland-based high-tech firm, according to the company's website. The website no longer lists Stone as CEO. Instead, California-based entrepreneur Steven Boal is listed as interim CEO. Boal is also a company co-founder and is chairman of the board of directors.


Spherix, Bethesda, MD                                                                        Revenues: NA

Spherix Incorporated engages in the biotechnology research and development business.

February 2013 - Spherix announced the naming of an interim CEO. Harvey Kesner, currently a director, will serve as interim CEO.


Harvard BioScience, Holliston, MA                                                      Revenues: $111.2m

Harvard Bioscience is a global developer, manufacturer and marketer of a range of specialized products, apparatus and scientific instruments, used to advance life science research at pharmaceutical and biotechnology companies, universities and government laboratories worldwide.

May 2013 - Harvard Bioscience announced that its Board of Directors has appointed David Green, the Company's President and member of the Board since 1996, as interim CEO following the retirement and resignation of Chane Graziano as CEO and a Director of the Company. The Board of Directors will immediately commence a search to hire a new CEO.

Helicos BioSciences, Cambridge, MA                                                  Revenues: NA

Helicos BioSciences is a life sciences company focused on genetic analysis technologies and the monetization of that technology and related intellectual property.

September 2012 - Ivan Trifunovich is leaving Helicos BioSciences, the company disclosed. Helicos said that Trifunovich is resigned as president and CEO effective Sept. 14 2012 and resigned as executive chairman of Helicos' board on Aug. 31 2012.

Affectiva, Waltham, MA                                                                       Revenues: Private

Affectiva is the global leader in emotion measurement technology.

June 2013 – Affectiva announced that as part of its continued focus on digital, media and market research, Nick Langeveld has been appointed as interim CEO. David Berman will transition from his role as CEO and will assume a new position as chairman of the board of directors, and eventually leave the company.


St. John Providence Health System, Warren, MI                               Revenues: Private

St. John Providence Health System is comprised of five hospitals plus more than 125 medical facilities in southeast Michigan.    

May 2013 - Patricia Maryland, the outgoing president and CEO of metro Detroit’s St. John Providence Health System, announced that she stepped down from her leadership post today, a month and a half earlier than initially planned. Jean Meyer, formerly the EVP of the five-hospital system, took over as interim president and CEO.


Uroplasty, Minnetonka, MN                                                                  Revenues: $20.6m

Uroplasty is a medical device company, develops, manufactures, and markets proprietary products for the treatment of voiding dysfunctions.                  

April 2013 – Uroplasty announced that David B. Kaysen has tendered his resignation as President, CEO and a member of the Board of Directors, effective April 5, 2013. Independent director Robert C. Kill has been named interim CEO while the board of directors conducts a search for a permanent CEO.


Stereotaxis, St. Louis, MO                                                                   Revenues: $46.6m

Stereotaxis is a company that develops probes, devices, therapeutic and magnetic surgery delivery systems.

March 2013 – Stereotaxis announced that Michael Kaminski will step down as President and CEO, effective April 12, 2013, to accept a position as division president of a company in an unrelated field. The Stereotaxis Board has appointed Chairman William Mills III as interim CEO and created an interim Office of the Chief Executive, with Director Dr. Euan Thomson providing support and guidance in certain areas to ensure a seamless transition to new company leadership. Augmenting this office will be a senior executive committee representing the Company's business segments. The Board will immediately retain an executive search firm to assist in conducting a comprehensive search for a successor.


Stillwater Mining Company, Billings, MT                                             Revenues: $800.2m

Stillwater Mining Company engages in the development, extraction, processing, smelting, refining, and marketing of palladium, platinum, and associated metals (platinum group metals or PGMs) from a geological formation in south-central Montana known as the J-M Reef and from the recycling of spent catalytic converters. 

June 2013 – Stillwater Mining Company announced that Frank McAllister, the Company's CEO, has announced his retirement from the Company. Terrell I. Ackerman, VP of Corporate Development for the Company, has agreed to serve as the interim CEO of the Company, while the search continues for a permanent CEO.

Vann's Acquisition, Missoula, MT                                                         Revenues: NA

Vann's Acquisition LLC sells electronics and appliances through its retail stores and online in the United States.                                     

June 2013 – Less than three months after announcing the closure of all three Vann’s stores in Western Montana, the CEO of Vann’s Acquisition has left the company. Greg Regelbrugge said that he left the company for personal reasons and is now working in Seattle. A national search to find Regelbrugge’s replacement is under way.


Gryphon Gold Corporation, Carson City, NV                                       Revenues:Private

Gryphon Gold Corporation is a company focused on its joint venture interest in the gold Borealis Oxide Heap Leach Project in Nevada.

May 2013 - The Board of Directors of the Company was notified by its CEO, Interim CFO and Director, Jim O'Neil, of his intention to resign from his position as CEO, Interim CFO and Director by May 10, 2013. The Board is in the process of identifying and selecting candidates to fill these positions.

New Hampshire

Standex International, Salem, NH                                                       Revenues: $634.6m

Standex International Corporation is a manufacturer of a range of products and services for diverse industrial markets segments.

August 2013 - Standex International Corporation announced that President and CEO Roger Fix plans to retire upon the appointment of a new CEO. The board of directors has engaged international executive recruiting firm Heidrick & Struggles to conduct the search for the new CEO.

New Jersey

Dun & Bradstreet, Short Hills, NJ                                                         Revenues: $1.66b

The Dun & Bradstreet Corporation provides commercial information and insight on businesses worldwide.

May 2013 - D&B initiates succession planning for chairman and CEO. Sara Mathew informs board of her intention to retire as chairman and CEO by May 2014. The Board has engaged Spencer Stuart, to advise on the matter and will consider both internal and external candidates for CEO position.

Silverstar Mining, Jersey City, NJ                                                        Revenues: NA

Silverstar Mining is a development-stage company. During the fiscal year ended September 30, 2012, the Company is engages in the exploration and development of properties in the Caribou Mining District in east-central British Columbia, Canada.

May 2013 - Neil Kleinman resigned as CEO and as a Director of the Company. No replacement has been announced yet.

New Mexico

Los Alamos National Bank,  Los Alamos, NM                                      Revenues: Private

Los Alamos National Bank is a full service financial institution, serving customers in northern New Mexico.

February 2013 - Los Alamos National Bank’s CEO Bill Enloe has announced his retirement. Bank president Steve Wells will take over as interim CEO.

New York

Eastman Kodak Company, Rochester, NY                                           Revenues: $4.11b

Eastman Kodak Company (Kodak) is a picture and printing company. The Company operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG), and Film, Photofinishing and Entertainment Group (FPEG).

July 2013 - Antonio Perez, who has led Eastman Kodak Co.’s transformation into a commercial imaging company, will serve, at most, one year as CEO after the company emerges from Chapter 11 bankruptcy. Perez will work with the board to identify his successor.

Forest Laboratories, New York, NY                                                     Revenues: $3.09b

Forest Laboratories develops, manufactures and sells branded forms of ethical drug products, most of which requires a physician's prescription.

May 2013 - Forest Laboratories said its veteran CEO and president, Howard Solomon, will retire at the end of the year, ending his five-decade career with the pharmaceutical company. The drug maker's board hired executive-search firm Spencer Stuart to evaluate internal and external candidates, and Forest Laboratories expects to name a successor before the year ends.

First Niagara Financial Group, Buffalo, NY                                         Revenues: $1.29b

First Niagara Financial Group provides a range of retail and commercial banking, and other financial services through its wholly owned bank subsidiary, First Niagara Bank.

March 2013 - John Koelmel has stepped down as president and CEO of First Niagara Financial Group. Gary Crosby, chief administrative and operations officer of First Niagara (Nasdaq: FNFG) has been named interim CEO.

Martha Stewart Living Omnimedia, New York, NY                             Revenues: $197.6m

Martha Stewart Living Omnimedia is a diversified media and merchandising company organized into four segments: Publishing, Internet, Broadcasting media platforms and Merchandising product lines.

December 2012 - Martha Stewart Living Omnimedia announced that President and CEO Lisa Gersh plans to step down from that role and that a search is underway to name a successor.

Vicon Industries, Hauppauge, NY                                                       Revenues: $49.7m

Vicon Industries provides a range of video systems and system components used for security, surveillance, safety and control purposes.

February 2013 - Vicon Industries announced that Kenneth M. Darby has informed the Board of Directors of his decision to retire as CEO and President no later than December 31, 2013. Mr. Darby, 67, will continue to serve in his current capacity, until a successor is named and the CEO transition is complete.

Vision-Sciences, Orangeburg, NY                                                       Revenues: $15.3m

Vision-Sciences designs, develops, manufactures, and markets products for endoscopy, the science of using an instrument, known as an endoscope, to provide minimally invasive access to areas not readily visible to the human eye.

May 2013 - Vision-Sciences announced that Howard I. Zauberman has been named as Interim CEO. Mr. Zauberman replaces Cynthia Ansari, who stepped down as CEO and President. A special committee of the Board, composed of independent directors, has initiated the search for a new CEO.

ProLiteracy, Syracuse, NY                                                                   Revenues: Private

ProLiteracy is a non-profit Organization. ProLiteracy focuses on creating or assisting programs that help people learn to read, write, compute and use technology.

November 2012 - The president and CEO of ProLiteracy David Harvey, 50, has left the international nonprofit. Kevin Morgan, ProLiteracy’s chairman of the board, was appointed interim president and CEO.

ProText Mobility, Syosset, NY                                                             Revenues: NA

ProText Mobility, formerly EchoMetrix, develops markets and sells software products and solutions for the Internet and mobile communications markets. The Company has three products, one for personal computers (PCs) and two for the mobile communications devices.

May 2013 - Effective May 20, 2013, Steve Berman was appointed as Interim CEO of Protext Mobility.

Cushman & Wakefield, New York, NY                                                  Revenues: Private

Cushman & Wakefield, with more than 240 offices in about 60 countries, serves the real estate needs of corporations and financial institutions globally.

June 2013 - In a surprise move, the CEO of brokerage Cushman & Wakefield stepped down after three years in the executive suite. The sudden departure of Glenn Rufrano is a sign of stress at one of the world's top commercial real-estate firms. New York-based Cushman & Wakefield at one point was clearly the top commercial brokerage in the city, but it was toppled from that position by competition. Mr. Rufrano served as chief executive since early 2010. The company said on Monday that he would be succeeded temporarily by Carlo Barel di Sant'Albano, who is currently the chairman.

The Newsweek Daily Beast Company, New York, NY                         Revenues: Private

The Newsweek Daily Beast Company is an American media company, and owner of Newsweek and The Daily Beast. It was established in 2010 as a merger between the two media outlets. The company is owned by IAC and the estate of the late Sidney Harman.

June 2013 - Baba Shetty, who became CEO of The Newsweek Daily Beast Company just nine months ago, is leaving the company. The company has already secured Rhona Murphy, its international publisher, as interim CEO. She will be "supported" by CFO Gary Starr, CAO and GC Randy Shapiro, president Rob Gregory and Andrew Perlmutter, who is taking on the role of general manager of business operations and development.

North Carolina

Chelsea Therapeutics, Charlotte, NC                                                  Revenues: $12.9m

Chelsea Therapeutics is a pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases.

July 2012 - Chelsea Therapeutics CEO, board members resign; job cuts, reorganization planned. The Charlotte, N.C., company said that founder and CEO Simon Pedder has resigned, , and Kevan Clemens will be replaced by Dr. Michael Weiser as board chairman but will remain a director. Operations VP Joseph G. Oliveto will serve as interim CEO.

CaroMont Health, Gastonia, NC                                                           Revenues: Private

CaroMont Health is an independent not-for-profit health care system serving residents of North Carolina's Piedmont region.

May 2013 - CaroMont Health has fired system President and CEO Randall Kelley in the wake of opposition from physicians and CaroMont's recently recalled "Cheat Death" campaign, according to a Charlotte Observer report. In a 8-2 vote, the board fired Mr. Kelley after a lengthy board meeting. CaroMont COO Douglas Luckett was named interim president and CEO.

LipoScience, Raleigh, NC                                                                     Revenues: $54.8m

LipoScience is a vitro diagnostic company.

August 2013 – LipoScience’s President and CEO Richard Brajer is stepping down. Board member Robert Greczyn is now serving as its interim president and CEO. LipoScience has begun a search for a successor.


Cliffs Natural Resources, Cleveland, OH                                            Revenues: $5.97b

Cliffs Natural Resources is an international mining and natural resources company.

July 2013 - Cliffs Natural Resources announced that its president and CEO Joseph Carrabba will be retiring from his post by Dec 31, 2013. Carrabba, however, will continue to serve as president and CEO and a director of the company until a successor is elected.

EQM Technologies & Energy, Cincinnati, OH                                      Revenues: $79.5m

EQM Technologies & Energy, formerly Beacon Energy Holdings, is engaged in the production and marketing of biodiesel.

June 2013 - EQM Technologies & Energy announced the appointment of Jon Colin as its interim CEO. Colin will assume CEO duties immediately while EQM’s board initiates a search for a permanent chief executive.

Madison County Hospital, London, OH                                               Revenues: Private

Madison County Hospital is a general medical and surgical hospital in London, OH.

December 2012 - Fred Kolb, CEO of Madison County Hospital in London, Ohio, retired on Dec. 28 2012. The hospital's CFO, Mike Browning, serves as interim CEO until a permanent replacement is named. Madison County Hospital retained search firm B. E. Smith for the CEO recruitment.


Limco-Piedmont, Tulsa, OK                                                                 Revenues: Private

Limco-Piedmont performs aircraft component maintenance, repair, and overhaul (MRO) services for commercial and military planes, as well as air cargo carriers.

November 2012 - Mr. Paul Hall, the CEO of Limco-Piedmont, a wholly-owned subsidiary of TAT, resigned from his position.  A successor has not yet been appointed.

Semgroup Corporation, Tulsa, OK                                                      Revenues: $1.07b

Semgroup Corporation provide gathering, transportation, storage, distribution, marketing and other midstream services in the Midwest and Rocky Mountain regions of the United States, Canada and the west coast of the United Kingdom.

August 2013 - Norman J. Szydlowski, President and CEO of SemGroup Corporation , advised the Board of Directors of the Company that he will retire once a successor is in place. Szydlowski will continue to serve in his current capacities to ensure an orderly transition.

Rose Rock Midstream, Tulsa, OK                                                        Revenues: $620.5m

Rose Rock Midstream owns, operates, develops and acquires a diversified portfolio of midstream energy assets.

August 2013 - Norman J. Szydlowski, President and CEO of the general partner of Rose Rock Midstream, L.P. advised the Board of Directors of the General Partner that he will retire once a successor is in place. Szydlowski will continue to serve in his current capacities to ensure an orderly transition.


Hurley International, Beaverton, OR                                                  Revenues: Private

Hurley International – Owned by NIKE, Hurley is a clothing, footwear, sportswear, and equipment supplier based in the United States.

June 2012 - NIKE announced that company founder and Chairman Bob Hurley will assume the interim CEO role at Hurley International, replacing Michael Egeck who has decided to leave the company. Hurley will work closely with Roger Wyett, President of NIKE Affiliates, and a former CEO of Hurley, during the transition.


Bryn Mawr Bank Corp, Bryn Mawr, PA                                                Revenues: $107.1m

Bryn Mawr Bank Corporation operates as the holding company for The Bryn Mawr Trust Company that provides personal and business banking services.

May 2013 - Bryn Mawr Bank Corporation announced that Frederick C. Peters, II, its Chairman, CEO and President, has informed the board of directors of his intent to retire at or prior to the end of 2014. No Successor named yet.

Michael Baker Corporation, Allegheny County, PA                             Revenues: $593.4m

Michael Baker Corporation provides engineering services for public and private sector clients worldwide. The Company's operates in two segments: Transportation and Federal.

December 2012 - Michael Baker Corporation announced that, at the request of its Board of Directors, Bradley L. Mallory has stepped down as president and CEO and director of the Company. The Company has created an Office of the Chief Executive, composed of Michael J. Zugay, CFO, and H. James McKnight, chief legal officer, to lead the Company on an interim basis. Supporting this office will be an Operations Committee consisting of senior operating executives representing the Company's business segments. Korn/Ferry to Assist Baker Board with CEO Search.

TechPrecision Corp., Center Valley, PA                                               Revenues: $33.3m

TechPrecision is a global manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the commercial industries.

May 2013 - TechPrecision reported that James Molinaro, the Company’s CEO, informed the Company’s board of directors that he has decided to resign from all positions he holds with the Company, including the positions of CEO and director, to pursue other opportunities. The Company’s board of directors has given Leonard Anthony, the current chairman of the board of directors, the responsibilities of the Company’s principal executive officer, making him the Company’s Executive Chairman while the Company undertakes a search to find a permanent CEO.

Big Brothers Big Sisters Lehigh Valley, Allentown, PA                       Revenues: Private

Big Brothers Big Sisters, which pairs children with volunteer mentors, helps youngsters achieve educational success, avoid risky behavior, develop higher aspirations and build self confidence.

June 2013 - Big Brothers Big Sisters Lehigh Valley announced that Maryjean deSandes, its CEO for the past 26 years, is leaving her position. The board has begun a search to fill deSandes' position.

South Carolina

Blackbaud, Charleston, SC                                                                  Revenues: $438m

Blackbaud is a global provider of software and related services designed specifically for nonprofit organizations.

January 2013 - Blackbaud announced President and CEO Marc Chardon will step down by the end of 2013. He will work with the board and an executive search firm to help identify his successor.


Kirkland’s, Nashville, TN                                                                      Revenues: $448.4m

Kirkland’s is a specialty retailer of home decor and gifts in the United States.

March 2013 - Kirkland's announced that Robert Alderson, the Company’s long-time President and CEO, has advised the Board of Directors of his intention to retire from the Company at the end of fiscal 2013, or approximately February 1, 2014.

Mountain National Bancshares, Sevierville, TN                                   Revenues: NA

Mountain National Bancshares operates as the holding company for Mountain National Bank that provides various commercial banking services.

September 2012 - James S. Friddell resigned as CEO and Director of Mountain National Bancshares, and Mountain National Bank, a wholly-owned subsidiary of the Company, with no replacement announced.


Tuesday Morning Corporation, Dallas, TX                                           Revenues: $812m

Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.

March 2013 - Tuesday Morning Corporation announced the appointment of Michael Rouleau as interim CEO, effective immediately. Mr. Rouleau, whose distinguished career in retail includes most recently serving as President and CEO of Michaels Stores, will manage the Company's day-to-day operations through the retention of a new CEO.

AZZ Incorporated, Fort Worth, TX                                                       Revenues: $570.6m

AZZ Incorporated is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets, and a provider of hot dip galvanizing services to the North American steel fabrication market.

June 2013 - David H. Dingus, President and CEO of the Company informed the Board of his desire and intent to retire, due to health issues, from his current positions, effective March 1, 2014. The Board has appointed a succession committee and will immediately commence a nationwide search to succeed Mr. Dingus. The search will encompass both internal and external candidates.

KMG Chemicals, Houston, TX                                                              Revenues: $272.7m

KMG Chemicals manufactures, formulates and globally distributes specialty chemicals.

June 2013 - KMG Chemicals announced that J. Neal Butler, current president and CEO, has decided to resign as an officer and director of the company. Christopher T. Fraser, chairman of KMG's board of directors, has been appointed interim president and CEO to lead the company until a successor is in place.

GSE Holding, Houston, TX                                                                   Revenues: $476.6m

GSE Holding is a provider of engineered geosynthetic containment solutions.

July 2013 - GSE Holding announced that Mark Arnold, its President and CEO will be leaving the Company. The Company's Board of Directors has appointed Charles A. Sorrentino, a current member of the Board, as interim President and CEO.

Active Power, Austin, TX                                                                     Revenues: $76.3m

Active Power designs, manufactures and services uninterruptible power supply (UPS) products and modular infrastructure solution (MIS) products that provide electrical power continuity and integrated infrastructure platforms for data centers and other mission critical applications.

July 2013 - Active Power announced Dr. Ake Almgren, the company's chairman of the board, will become the company's interim president and CEO. Dr. Almgren will succeed Doug Milner, who submitted his resignation as president and CEO.

Crossroads Systems, Austin, TX                                                          Revenues: $14m

Crossroads Systems provides data archive and protection solutions.

May 2013 - Software maker Crossroads Systems's longtime CEO, Robert Sims, has left the company. The board has appointed director Rick Coleman Jr. as interim president and CEO during the selection process for a permanent replacement.

J. C. Penney, Plano, TX                                                                        Revenues: $12.98b

J. C. Penney is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012.

April 2013 - J.C. Penney is seeking a new CEO to replace interim CEO Mike Ullman. “According to a letter from Bill Ackman, he is frustrated with CEO search process, which he said is not going fast enough. It was supposed to complete by April”. Allen Questrom has agreed to come back as Chairman if he agrees with the new CEO choice, the letter also suggests.


SecureAlert, Sandy, UT                                                                        Revenues: $19.8m

SecureAlert provides offender tracking devices, combining global positioning system (GPS) tracking technologies, fulltime intervention-based monitoring capabilities and case management services.

October 2012 – SecureAlert announced that John L. Hastings III will be leaving his role as President, COO and CEO of the Company effective October 23, 2012 to pursue other opportunities. George Schmitt and Winfried Kunz, directors of the Company, will form a Board-appointed Executive Committee to fulfill the duties of the CEO during the interim until a new CEO is identified and engaged by the Company.


RealNetworks, Seattle, WA                                                                 Revenues: $258.8m

RealNetworks is a provider of network-delivered digital media products and services.

July 2012 - RealNetworks announced that Thomas Nielsen has resigned as president and CEO. RealNetworks chairman and founder Rob Glaser has been appointed Interim CEO. The board has begun a search for a new permanent CEO. Glaser said he is not a candidate.

Ambassadors Group, Spokane, WA                                                     Revenues: $58.1m

Ambassadors Group is an educational company. The Company is engaged in organizing and promoting differentiated worldwide travel programs for students and professionals.

February 2013 - Ambassadors Group announced the resignation of Jeffrey D. Thomas as a member of the Board and as the Company's President and CEO.

MPM Technologies, Spokane, WA                                                       Revenues: NA

MPM Technologies manufactures Charpy impact test machines in the world and offers testing, research, and consulting services.

June 2013 - Peter Colella, Jr. is appointed as Interim CEO, to oversee the Company’s day to day operations and shall perform the duties commensurate with his position until the Board of Directors has identified a new CEO.

Red Lion Hotels Corporation, Spokane, WA                                        Revenues: $150.3m

Red Lion Hotels Corporation (RLH), is engaged in the ownership, operation and franchising of midscale, full, select and limited service hotels under its Red Lion brand.

August 2013 - Red Lion Hotels Corporation announced the retirement of President and CEO Jon E. Eliassen, and James P. Evans, a director of the company since December 2012  and the former CEO of Brand USA, Ardent Hotel Advisors, Jenny Craig International and Best Western International, has  assumed  the role of Interim President and CEO.

West Virginia

MTR Gaming Group, Chester, WV                                                        Revenues: $478.6m

MTR Gaming Group owns and operates racetrack, gaming and hotel properties in West Virginia, Pennsylvania, and Ohio.

April 2013 - MTR Gaming Group announced that Jeffrey J. Dahl has provided his notice of resignation from his position as President and CEO of MTR Gaming Group to pursue other business opportunities. Dahl has agreed to remain with the Company in his current position as the Board conducts its interview process for a new CEO. COO Joseph L. Billhimer adds on the role of Acting President.


Cheyenne Regional Medical Center, Cheyenne, WY                           Revenues: NA

Cheyenne Regional Medical Center is a general medical and surgical hospital in Cheyenne, WY.

August 2013 - Cheyenne Regional Medical Center has appointed Margo Karsten to serve as interim CEO when current CEO John Lucas retires on September 1.


Rogers Communications, Toronto, ON                                                Revenues: $12.48b

Rogers Communications is a diversified public Canadian communications and media company. The Company operates in three segments: wireless, cable and media.

February 2013 - Rogers Communications announced that the company's President and CEO, Nadir Mohamed, has decided to retire in January 2014. Rogers Board of Directors will appoint a search committee and select a search firm to begin an international search.

Lululemon Athletica, Vancouver, BC                                                   Revenues: $1.37b

Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.

June 2013 - Lululemon CEO Christine Day is stepping down after five and a half years at the helm of the international apparel retailer famous for its yoga wear, the company announced. Day will stay on as CEO until the Lululemon board of directors can find a suitable replacement. A search committee for a new CEO was formed.

Catalyst Paper Corporation, Richmond, BC                                         Revenues: $1.05b

Catalyst Paper Corporation is a producer of mechanical printing papers in western North America.

May 2013 - Catalyst Paper announced that President and CEO Kevin J. Clarke will step down from his position later this spring. Mr. Clarke has advised Catalyst's Board of Directors that, with the company's recent financial restructuring successfully completed, the time is right for a leadership transition. Mr. Clarke will continue in his role for an interim period through June 2013 to assist in a smooth transition. He plans to return to his home in New York State, where his family resides. A search for his successor is underway.

Vitran Corporation, Toronto, Ontario                                                  Revenues: $702.9m

Vitran provides freight surface transportation and related supply chain services in Canada and United States.

April 2013 - Vitran Corporation announced that its Board of Directors has appointed Bill Deluce, a current member of the Board, as interim President and CEO following the resignation of Rick Gaetz as President and CEO and a Director of the Company, effective immediately.

Rockbridge Resources, Vancouver, BC                                               Revenues: $288.03m

RockBridge Resources engages in the acquisition and development of oil and natural gas resource properties in Canada.

June 2013 - Canadian junior RockBridge Resources is in the hunt for a new boss after its president and chief executive quit. Mike O’Byrne is vacating the top seat “to focus on his own business endeavours” but will remain on the board, the Vancouver-based explorer said. Current director Stephen Mathiesen, a business lawyer and partner with Lang Michener, will step in on an interim basis.

Quantitative Alpha Trading, Toronto, ON                                           Revenues: NA

Quantitative Alpha Trading, formerly RTN Stealth Software, is engaged in the developing and monitoring real-time, intraday, trading software as a service to money managers.

March 2013 - Quantitative Alpha Trading announced that Dr. Alex Bogdan has resigned as Director, President and CEO, with no replacements announced.

QLT, Vancouver, BC                                                                             Revenues: NA

QLT, a biotechnology company, engages in the development and commercialization of ocular products that address the unmet medical needs of patients and clinicians worldwide.

February 2013 - Charting a new course after a boardroom coup, Canadian biotech company QLT outlined plans on July 9 2012, to cut 68 percent of its workforce and find a new chief executive as CEO Robert Butchofsky to step down. It said Butchofsky has agreed to stay in his job until July 31 2012, or until the board names a new CEO. QLT said it is currently evaluating several candidates for the post.

Valdor Technology International, Vancouver, BC                               Revenues: N/A

Valdor Technology International is a technology fiber optic components company using its Impact Mount and HeptoPort technologies.

December 2012 - Mr. Robert Nickel has resigned as Director, CEO and President of Valdor Technology. No replacement announced.

Dessau, Montreal, Quebec                                                                   Revenues: NA

Dessau operates as an engineering-construction company. Besides engineering services, it also provides urban planning and landscape architecture services.

June 2013 - A major Quebec engineering firm has become the latest to lose its top executive in the wake of corruption scandals. Montreal-based Dessau Inc. announced the resignation of Jean-Pierre Sauriol as CEO and president. Sauriol will be replaced by Marc Verreault on an interim basis.

SMTC Corporation, Markham, ON                                                        Revenues: $296.3m

SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS), including product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order and end customer fulfillment..

May 2013 - SMTC Corporation announced that Alex Walker and Claude Germain mutually agreed with the Board of Directors to terminate their employment as Co-CEO's of the Company and their respective directorships. Directors Larry Silber is now Interim President and CEO and Clarke Bailey is Executive Chairman.

Yellow Media, Verdun, QC                                                                   Revenues: NA

Yellow Media is a Canada-based digital advertising and marketing solutions company.

August 2013 - Yellow Media’s chairman of its board of directors Robert MacLellan will take on the CEO's role temporarily as the publishing company continues to search for a permanent replacement for Marc Tellier, who vacates the position.

Other International

Delhaize, Brussels, Belgium                                                                 Revenues: $29.27b

Delhaize is a Belgium-based food retailer. It operates food supermarkets, convenience and proximity stores, specialty stores, and discount supermarkets.

May 2013 - After 15 years at the helm of Belgian retailer Delhaize Chief Executive Pierre-Olivier Beckers will step down at the end of the year, just as a revamp of its U.S. Food Lion chain is gaining momentum. The departure of Mr. Beckers, who is 53 years old, comes as a surprise, although he will stay on until a successor has been found to ensure a smooth transition and take on a role as nonexecutive board member.

Lloyds Banking Group, London, UK                                                     Revenues: $15.36b

Lloyds Banking Group is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.                

July 2013 - Lloyd's of London CEO Richard Ward will resign his post at the end of the year. The Council of Lloyd's and the Franchise Board will conduct a search for a successor for Mr. Ward and said it is hoped that a successor will be named before the end of the year.

Alvarion, Tel Aviv, Israel                                                                       Revenues: $49.9m

Alvarion is engaged in the design, development, manufacturing and marketing of wireless products.

April 2013 - Alvarion is now on the hunt for a new chief executive. Hezi Lapid has resigned as CEO. Assaf Katan is Acting CEO.

Karstadt, Essen, Germany                                                                    Revenues: NA

Karstadt, based in Essen, Germany, operates department stores, sporting goods stores, gastronomy and food retail activities throughout Germany.

June 2013 - Andrew Jennings, the British CEO of German retail chain Karstadt will leave when his contract expires at the end of this year, with no replacement named yet.

Sterling Energy, London, UK                                                                Revenues: $22.5m

Sterling Energy is an upstream oil and gas company. Sterling is an operator of international licenses with a focus on projects in Africa and the Middle East.

August 2013 - Sterling Energy CEO Angus MacAskill has resigned and executive chairman Alastair Beardsall will become interim CEO.

Göteborg & Co, Göteborg, Sweden                                                      Revenues: NA

Göteborg & Co aims to market and collaborate in developing Gothenburg as a tourist, meeting and event destination.

August 2013 - Sabine Söndergaard will leave her position as CEO of Göteborg & Co. The acting CEO Camilla Nyman will continue to lead the company.

ServicePower Technologies, Greater Manchester, UK                        Revenues: NA

ServicePower Technologies plc is engaged in the sale, hosting and implementation of field service management software, outsourcing and management of dispatch, claims and warranty processing, and the sale of global positioning system (GPS) and mobility products..

August 2013 - ServicePower Technologies announced today that Marne Martin, CFO, has been appointed interim CEO of the United Kingdom-based field management software company.

Read 91034 times Last modified on Thursday, 11 June 2020 15:03
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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