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Tuesday, 19 November 2013 02:00

3% Decline in CEO Appointments - November 2013 Featured

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Vacant CEO Posts

Vell Executive Search compiles Vacant CEO Posts

PREPARED BY: Vell Executive Search

DATE: October 17 to November 16, 2013

According to Liberum,  public company CEO turnover declined 3% from a year earlier, while overall C-level changes increased 10% and board of director changes increased 5%.  During the third quarter, we saw also a slight decrease since the same a year ago. Perhaps these CEOs are now putting together their new leadership teams and boards.

The sectors with the most active changes are similar to last month’s.
Top Industry sectors for turnover in October, according to the same source:

  • CEO turnover October were: Drugs/Biotech, Energy and Banking
  • C Suite overall: Drugs/Biotech, Metals/Mining and Energy.
  • Board level: Drugs/Biotech, Metals/Mining, Energy, Metals and Mining.

The report is organized as follows: (1) Summary of New Open CEO Posts by State in the Past Month (2)  For each of the States and International: CEO Appointments (either listed as open in the prior report or other activity within the month) and Open CEO Posts.

Any suggestions for improvement on this report (or in general) are greatly appreciated.

All the best,

Dora Vell
Vell Executive Search
t: 781-416-4003 | This email address is being protected from spambots. You need JavaScript enabled to view it.

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 the company.

New CEO Roles since Last Report (October 16, 2013)

  • California: Ixia, ICU Medical, Maxwell Technologies
  • Florida: WellCare Health Plans
  • Illinios: Essex Rental
  • Minnesota: Proto Labs
  • Nevada: Ormat Technologies
  • New Jersey: Suburban Propane Partners
  • Canada: BlackBerry
  • Other International: Teva Pharmaceutical Industries Ltd

Details of CEO Vacancies and Appointments
Note: Appointments refer to - Appointments since last report (October 16, 2013) and through internal promotions, etc. (October 17-November 16, 2013)

CEO Roles Open

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.

Appointments Listed as Open in Prior Report


  • Juniper Networks: Barclays’ chief operations and technology officer Shaygan Kheradpir has been appointed CEO at Juniper Networks.

Internal Promotions & Others

  • Hulu: Hulu names Fox Networks' Mike Hopkins as CEO.

CEO Roles Open

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.

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.

Integrated Device Technology, San Jose, CA
Revenues: $487m
Integrated Device Technology designs, develops, manufactures and markets a range of semiconductor solutions for the advanced communications, computing and consumer industries.

August 2013 - Integrated Device Technology announced that Dr. Ted Tewksbury has resigned as CEO, and board member Jeffrey McCreary is interim President and CEO. The Board has formed a search committee to identify and consider candidates for the permanent President and CEO role.

ReachLocal, Woodland Hills, CA
Revenues: $455m
ReachLocal offers online marketing and reporting solutions, including search engine marketing, display advertising, remarketing and online marketing analytics, each targeted to the small and medium-sized businesses (SMB) market.

September 2013 - ReachLocal announced that Zorik Gordon has resigned as CEO to pursue other entrepreneurial opportunities. David Carlick, chairman of the board, has been appointed Interim CEO. The board has commenced a search for a new CEO and will consider both current members of management and outside executives.

Ixia, Calabasas, CA
Revenues: $413m
Ixia is a provider of converged Internet Protocol (IP) network validation and network visibility solutions.

October 2013 - Ixia announced that Vic Alston has resigned as its President and CEO and as a member of its board of directors following a determination by the Ixia audit committee that although he had attended Stanford University, he had misstated his academic credentials, incorrectly. The Board plans to commence a search to identify a permanent CEO for the company.

Demand Media, Santa Monica, CA       
Revenues: $380.6m
Demand Media is a diversified Internet media and domain services company.

October 2013 - Demand Media announced that CEO and Chairman Richard Rosenblatt has resigned. His departure as chairman is effective immediately, while he will officially vacate the CEO position on Oct. 31. In his stead, the board has named Shawn Colo as interim president, effective immediately, and interim CEO as of the latter date.

ICU Medical, San Clemente, CA       
Revenues: $316m
ICU Medical is engaged in the development, manufacture and sale of medical devices used in infusion therapy, oncology and critical care applications.

October 2013 - ICU Medical, Inc. announced that due to health reasons Dr. George Lopez, will step down as President and CEO. He will continue in his role as Chairman and will remain an employee in the Research and Development Department. The Company has appointed Steven Riggs, current VP of Operations, as Acting CEO.

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.

Maxwell Technologies, San Diego, CA       
Revenues: $159m  
Maxwell Technologies together with its subsidiaries, develops, manufactures, and markets energy storage and power delivery products, and microelectronic products worldwide.

October 2013 - Maxwell Technologies CEO David Schramm will retire from his position and the company has begun the search for a qualified individual.

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.

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."

Internal Promotions & Others

  • Priceline Group: The Priceline Group promoted subsidiary’s CEO Darren Huston to President and CEO.

Internal Promotions & Others


  • Fidelity National Financial: Current President, Raymond R. "Randy" Quirk has been named the company's new CEO.
  • Office Depot: Delhaize America’s President & CEO Roland C. Smith named Chairman and CEO at Office Depot.

CEO Roles Open

WellCare Health Plans, Tampa, FL
Revenues: $7.4b
WellCare Health Plans is a provider of managed care services to government-sponsored health care programs, focusing on Medicaid and Medicare.

October 2013 - The Board appointed David J. Gallitano, the Company's Chairman of the Board, to serve as the Company's Interim CEO effective as of October 31, 2013, while a search is conducted by the Board for a new CEO.

CEO Roles Open

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.

CEO Roles Open

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.

Essex Rental, Buffalo Grove, IL
Revenues: $98.3m
Essex Rental through its subsidiaries is engaged in providing of lifting equipment (including lattice-boom crawler cranes, truck cranes and rough terrain cranes, tower cranes, and other lifting equipment) used in an array of construction projects.

November 2013 - Essex Rental announced that President and CEO Ronald Schad has elected to resign. Mr. Schad will remain as CEO until a replacement is appointed.

Appointments Listed as Open in Prior Report


  • Vera Bradley: Vera Bradley named President of Saks's Off Fifth discount and clearance outlets, Robert T. Wallstrom, as its new president and CEO, succeeding Michael C. Ray, who previously said he planned to retire.

Internal Promotions & Others

  • Teradyne: Teradyne named its President Mark E. Jagiela to succeed Michael A. Bradley as CEO.
  • MKS Instruments: Chip equipment maker MKS Instruments elected President/COO Gerald G. Colella to the position of CEO, following the retirement of Leo Berlinghieri.

CEO Roles Open

Waters Corporation, Milford, MA   
Revenues: $1.84b
Waters Corporation is an analytical instrument manufacturer that primarily designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products.

August 2013 - Waters Corporation announced that Douglas A. Berthiaume has communicated his intention to retire as CEO within the next twenty-four months. The Board of Directors has appointed a Succession Planning Committee that will guide the process of selecting a successor, and plans to engage an executive search firm to assist in a search which will consider both internal and external candidates.

Internal Promotions & Others

  • Aetrium: Aetrium Incorporated named VP, Marketing Daniel M. Koch, as President and CEO.

CEO Roles Open

Proto Labs, Maple Plain, MN
Revenues: $126m
Proto Labs is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production.

October 2013 – Proto Labs President and CEO Brad Cleveland plans to leave the company, which he's led for 12 years. The Maple Plain-based online and tech-enabled quick-turn manufacturer said it has not yet found a new CEO for its succession plan. Cleveland told the board he'll resign once the company does.

Communications Systems, Minnetonka, MN
Revenues: $104.2m
Communications Systems (JCS) is engaged through its Suttle and Austin Taylor business units in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems and through its Transition Networks business unit in the manufacture and sale of media and rate conversion products for telecommunications networks.

September 2013 – Mr. William G. Schultz resigned as the Company’s CEO and as a director on September 3, 2013, but will continue to provide consulting services to the Company. The Company announced the appointment of the Company's Chairman, Curtis A. Sampson, as interim CEO.

CEO Roles Open

American Railcar Industries, St Charles, MO
Revenues: $159.4m
American Railcar Industries designs and manufactures hopper and tank railcars in North America.

March 2013 – American Railcar Industries announced that James Cowan, its President and CEO, has resigned in order to pursue other interests. The Board has appointed Jeffrey S. Hollister, who was most recently overseeing the Company's railcar manufacturing group, as President and Interim CEO.

CEO Roles Open

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.

Internal Promotions & Others

  • Nelnet: Nelnet named its President Jeff Noordhoek as CEO.

CEO Roles Open

Ormat Technologies, Reno, NV
Revenues: $514m
Ormat is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns, and operates geothermal and recovered energy-based power plants.

November 2013 - Ormat Technologies announced that Mrs. Yehudit (Dita) Bronicki, the company's CEO, has decided to retire from her position of CEO, effective June 30, 2014. The board of directors has established a search committee to assist the Board in conducting the process of choosing Mrs. Bronicki's successor.

New Hampshire
CEO Roles Open

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
Internal Promotions & Others

  • CCA Industries: CCA Industries appointed Richard Kornhauser as CEO and President.

CEO Roles Open

Suburban Propane Partners, Whippany, NJ
Revenues: $1.64b
Suburban Propane Partners, L.P. (the Partnership) is a nationwide marketer and distributor of a range of products meeting the energy needs of the customers.

November 2013 - Suburban Propane Partners, L.P. announced that Michael J. Dunn, Jr. its President and Chief Executive Officer, will retire at the end of the current fiscal year, effective September 27, 2014.

New Mexico
CEO Roles Open

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
Appointments Listed as Open in Prior Report

  • Revlon: Revlon named Colomer CEO Lorenzo Delpani as CEO, replacing interim CEO David Kennedy.
  • Martha Stewart Living Omnimedia: Martha Stewart Living Omnimedia has named Daniel Dienst, CEO of Sims Metal Management, a scrap metal recycling company, as its new CEO.

Internal Promotions & Others

  • Nielsen Holdings NV: President, Global Client Service, Dwight M. ("Mitch") Barns, will succeed David L. Calhoun as CEO.

CEO Roles Open
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 as the company emerges from Chapter 11 bankruptcy. Perez will work with the board to identify his successor. The company emerged from bankruptcy on Sep 3, 2013.

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.

Morgans Hotel Group, New York, NY   
Revenues: $189.9m
Morgans Hotel Group is a fully integrated lifestyle hospitality company that operates, owns, acquires, develops and redevelops boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe and other international locations.

September 2013 - Morgans Hotel Group said Michael Gross resigned as CEO after its largest shareholder led an ouster of the board. Jason Kalisman, the company’s chairman, will take over as interim CEO.

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.

North Carolina
CEO Roles Open

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.

CEO Roles Open

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.

CEO Roles Open

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.

CEO Roles Open

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.

CEO Roles Open

Weis Markets, Sunbury, PA   
Revenues: $2.7b
Weis Markets engages principally in the retail sale of food in Pennsylvania and surrounding states.

September 2013 - Weis Markets’ President and CEO David J. Hepfinger has left the company to pursue other interests. Company Vice Chairman Jonathan H. Weis replaces him as interim CEO.

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.

South Carolina
Appointments Listed as Open in Prior Report

  • Blackbaud: Blackbaud appoints Fiserv EVP and Group President Michael P. Gianoni as its president and CEO.

CEO Roles Open

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.

Appointments Listed as Open in Prior Report

  • AZZ Incorporated: AZZ incorporated appoints Tom E. Ferguson, CEO of FlexSteel Pipeline Technologies, a provider of pipeline technology products and services, as CEO.
  • GSE Holding: Charles Sorrentino, a current member of the board who had served as interim president and CEO since July, will take on as CEO.

Internal Promotions & Others

  • National-Oilwell Varco: COO Clay Williams replaces Merrill A. "Pete" Miller, Jr. as CEO.
  • CenterPoint Energy: COO Scott M. Prochazka replaces David M. McClanahan as CEO.
  • Calpine Corporation: The board selected Thad Hill, the Company's President and COO, to succeed Jack Fusco as the Company's CEO.
  • Rent-A-Center: CFO Robert D. Davis replaces Mark E. Speese as CEO.
  • McDermott International: David Dickson replaces Stephen M. Johnson as CEO.

CEO Roles Open

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.

Diamond Offshore Drilling, Houston, TX   
Revenues: $2.93b
Diamond Offshore Drilling operates as an offshore oil and gas drilling contractor worldwide.

September 2013 - Lawrence R. Dickerson, President and CEO of Diamond Offshore Drilling , notified the Company of his retirement effective upon the appointment of his successor, which is expected to take place by March 31, 2014.

CEO Roles Open

BAE Systems, Inc., Arlington, VA   
Revenues: NA
BAE Systems, Inc. takes care of business in North America for UK-based parent BAE SYSTEMS plc - the largest foreign player in the US defense market.

August 2013 - Linda Hudson, CEO of the U.S. unit of Britain's BAE Systems, will retire early next year. The company said it would start a search for a successor.

CEO Roles Open

Microsoft, Redmond, WA   
Revenues: $77.84b
Microsoft is engaged in developing, licensing and supporting a range of software products and services.

August 2013 - On August 21, 2013, Steven A. Ballmer, CEO notified the board of directors of Microsoft Corporation that he plans to retire within the next 12 months. Mr. Ballmer will continue to serve as CEO of the Company until his successor is appointed.

Bill & Melinda Gates Foundation, Seattle, WA   
Revenues: NA
Established by the chairman of Microsoft Corporation and his wife, the Bill & Melinda Gates Foundation works in developing countries to improve health and reduce poverty, and in the US to support education and libraries nationwide and children and families in the Pacific Northwest.

September 2013 - Jeff Raikes, the CEO of Bill Gates' $38 billion philanthropy organization announced his retirement, without a successor being named.

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.

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
CEO Roles Open

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.

CEO Roles Open

BlackBerry, Waterloo, ON   
Revenues: $11.07b
BlackBerry Limited, formerly Research In Motion Limited, is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.

November 2013 - BlackBerry announced that CEO Thorsten Heins will step down and the company is looking for a replacement. John S. Chen will act as interim CEO of BlackBerry. Chen will also be the executive chair of BlackBerry's board of directors..

Brady Corporation, Milwaukee, WI   
Revenues: $1.15b
Brady Corporation is a global manufacturer and marketer of complete identification solutions.

October 2013 - Brady announced the retirement of President and CEO Frank M. Jaehnert. Current SVP and CFO Thomas J. Felmer will replace him as Interim President and CEO.

Internal Promotions & Others

  • The Bank of Nova Scotia: The bank named its President Brian Porter as President and CEO.

CEO Roles Open

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.

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.

Ritchie Bros. Auctioneers, Burnaby, BC   
Revenues: $438m
Ritchie Bros. operates as an auctioneer of industrial equipment. The company operates from approximately 110 locations in 25 countries, including 44 auction sites worldwide.

October 2013 - Ritchie Bros. Auctioneers announced that CEO Peter Blake will step down in May 2014. Blake will remain as CEO, continuing to lead the company and the Board will initiate a search for his replacement.

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.

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.

Other International
Internal Promotions & Others

  • Randstad Holding NV: The second-largest global staffing company, has named Jacques van den Broek as new CEO beginning in February 2014, when he will replace longtime CEO Ben Noteboom.
  • Acer: Chairman and CEO J.T. Wang will step down as Taiwan-based PC maker Acer’s CEO on January 1st, but will retain his chairman position until the second quarter of 2014 to assist with existing commitments. Acer president Jim Wong will take over as CEO in January.

CEO Roles Open

Nokia, ESPOO, Finland    
Revenues: $30.17b
Nokia Corporation is a Finnish multinational communications and information technology corporation that is headquartered in Espoo, Finland.

September 2013 - Nokia said its CEO, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia's handset business is closed. Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO. Microsoft is working toward having the successor to CEO Steve Ballmer in place by the end of this year.

Teva Pharmaceutical Industries Ltd, Petah Tikva, Israel    
Revenues: $20.31b
Teva Pharmaceutical Industries Ltd (Teva) is an Israel-based pharmaceutical and drug company.

October 2013 - Teva Pharmaceutical Industries Ltd. announced that Dr. Jeremy Levin will step down as President and Chief Executive Officer. The Board has named Eyal Desheh, Teva's Executive Vice President and Chief Financial Officer, to fill the role of President and Chief Executive Officer on an interim basis.

Lloyd's of London, 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.

Deutsche Lufthansa AG, Koeln, Germany   
Revenues: $33.13b
Deutsche Lufthansa AG is a Germany-based aviation company with global operations and a total of more than 400 subsidiaries and associated companies.

September 2013 - Deutsche Lufthansa AG CEO Christoph Franz said he would leave the German airline in May 2014, after just three years in the post, compelling the company to find a successor midway through a bruising restructuring.

Read 16324 times Last modified on Thursday, 11 June 2020 15:35
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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