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CEO Turnover Down 4% in November Featured

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Vacant CEO Posts

Vell Executive Search compiles Vacant CEO Posts

PREPARED BY: Vell Executive Search

DATE: November 17 to December 16, 2013

Happy Holidays!
Executive turnover for November 2013 took a negative turn. All four key executive turnover categories (CEOs, CFOs, C-level Execs and Board of Directors) saw percentage declines from the same month a year earlier and from the previous month of October 2013, while CEO changes declined 6% from a year earlier. The month to month change in executive turnover (from October 2013) showed a similar picture with a decline of 4% for CEOs.

Top Industry sectors for CEO turnover in November, according to the same source are: Drugs/Biotech, Energy and Banking
Our new list of CEO opportunities shows an addition of seven new open roles, while nine  positions are closed since last month’s report. There are 19 new CEO appointments through internal promotions & others against 18 last month.
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. The date range for this report is November 17 to December 16, 2013.

Any suggestions for improvement on this report (or in general) are greatly appreciated.
Dora Vell
Vell Executive Search
t: 781-416-4003 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Note: 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 (November 16, 2013)

  • California: Violin Memory
  • New Jersey: Sun Bancorp
  • Oklahoma: WPX Energy
  • Texas: KBR
  • Canada: Absolute Software
  • Other International: Domino’s Pizza Group plc, Polyus Gold International

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

Internal Promotions & Others

  • Wal-Mart: Wal-Mart selects Walmart International President/CEO C. Douglas McMillon to succeed Mike Duke as CEO in February 2014.

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

  • Polycom: Telepresence and voice communication solutions company Polycom names NCR's senior sales exec Peter Leav as CEO, succeeding interim CEO Kevin Parker.
  • Skilled Healthcare Group: Former Chairman of REACH Medical Holdings, Robert H. Fish, joins as CEO.
  • Tessera Technologies: Former chairman and CEO of Components Direct, a provider of cloud-based product life cycle solutions, Thomas Lacey, appointed as CEO.
  • QLogic: The leading supplier of high performance network infrastructure solutions, named EMC’s SVP, Cross BU Engineering, Prasad Rampalli, as President and CEO.

Internal Promotions & Others

  • Qualcomm: Qualcomm promotes President & COO Steve Mollenkopf to President & CEO.
  • AECOM Technology: AECOM Technology has elected AECOM President Michael S. Burke, 50, to succeed John M. Dionisio, 65, as CEO, as part of a planned succession process.

CEO Roles Open

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. The board has appointed Errol Ginsberg, Ixia’s chairman of the board, founder and former CEO as acting CEO (in addition to his current role as chief innovation officer), and Alex Pepe, senior vice president, strategy, as chief operating officer.

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. In his stead, the board has named Shawn Colo as interim president.

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 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.

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.


Violin Memory, Santa Clara, CA  
Revenues: $73.8m
Violin Memory develops a new class of flash-based storage systems that are designed to bring storage performance in-line with high-speed applications, servers and networks.

December 2013 - The company named Howard A. Bain III, the chairman of its board, as interim CEO, replacing CEO Don Basile.

Internal Promotions & Others

  • FTI Consulting: Boston Consulting Group veteran Steve Gunby, 56, joins FTI Consulting as President and CEO.

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, to serve as the Company's Interim CEO, while a search is conducted by the Board for a new CEO.

Internal Promotions & Others


  • IDACORP: Darrel Anderson, IDACORP EVP - Administrative Services/CFO and Idaho Power President/CFO, to succeed J. LaMont Keen as President/CEO of IDACORP effective May, 2014, and as President/CEO of Idaho Power effective Jan, 2014.

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.

Internal Promotions & Others

  • Osiris Therapeutics: Osiris’ COO, Lode Debrabandere, Ph.D., will assume the role of President and CEO, succeeding C. Randal Mills, PhD.

Internal Promotions & Others


  • Hologic: Hologic names former President and CEO of Stryker Corporation, Stephen MacMillan, President/CEO.
  • Black Duck Software: Black Duck Software announced that Lou Shipley — a veteran tech executive most recently at VMTurbo — has been named its new president and CEO.

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


  • General Motors: Mary Barra, 51, an engineer who has been with GM more than three decades, takes over as CEO for the Detroit automaker effective Jan. 15, 2014. That’s when Chairman and CEO Dan Akerson, 65, retires.

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.

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.

Appointments Listed as Open in Prior Report

  • Stillwater Mining Company: Board Member Michael McMullen who previously served as a Principal at MRI Advisory AG, a private company focusing on the development of metal and minerals projects, was appointed CEO at Stillwater Mining.

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

  • American Water Works: American Water’s current SVP and CFO Susan N. Story will succeed Jeff Sterba as president and CEO in May 2014.
  • IDT Corp.: IDT’s COO, Samuel 'Shmuel' Jonas, will be next CEO, succeeding Howard Jonas.

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 CEO, will retire at the end of the current fiscal year, effective September 27, 2014.

Sun Bancorp, Vineland, NJ
Revenues: $70.1m
Sun Bancorp and its subsidiary Sun National Bank provides commercial and consumer banking services.

November 2013 - Sun Bancorp announced that Thomas X. Geisel, President and CEO of the Company and its wholly owned subsidiary, Sun National Bank will terminate employment and also resign as a member of the Board. The Company has retained the international firm of Spencer Stuart to assist in the selection of a new CEO. Chairman Sidney R. Brown will serve as Interim President and CEO.

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

  • Cushman & Wakefield: Former Goldman Sachs and Harvard executive Edward C. Forst joins Cushman & Wakefield as CEO.

Internal Promotions & Others

  • Scientific Games Corp.: Board Vice-Chair and former Chief Administrative Officer David L. Kennedy will succeed A. Lorne Weil as CEO.

CEO Roles Open

Eastman Kodak Company, Rochester, NY   
Revenues: $4.11b
Eastman Kodak Company (Kodak) is a picture and printing company.

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.

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.


WPX Energy, Tulsa, OK   
Revenues: $3.1b
WPX Energy is an independent natural gas and oil exploration and production company engaged in the exploitation and development of long-life unconventional properties.

December 2013 - WPX Energy announced that Ralph A. Hill will step down as president, CEO and board member and the company has appointed James J. Bender as interim president, CEO and board member, effective Dec. 31, 2013. A search committee consisting of four board directors – has been established and the executive recruiting firm of Spencer Stuart has been retained to assist in an external CEO search.

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.

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.

Internal Promotions & Others


  • NuStar Energy: Brad Barron, NuStar’s EVP and General Counsel, to assume the position of President and CEO upon Curt Anastasio’s retirement.
  • Bazaarvoice: President Gene Austin succeeds Stephen Collins 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.

KBR, Houston, TX   
Revenues: $7.77b
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets.

December 2013 - KBR announced that William P. "Bill" Utt will retire from his role as Chairman, President and CEO in 2014. The Board has formed a search committee to identify his successor.

Internal Promotions & Others


  • Dynex Capital: Dynex Capital promotes President and Chief Investment Officer Byron L. Boston to CEO.
  • Volkswagen Group of America: Jonathan Browning's job as CEO of Volkswagen Group of America is being taken by Michael Horn, who has been VW's global head of after-sales (parts and VW's dealers).

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.

Internal Promotions & Others

  • PACCAR: PACCAR elected President Ronald E. Armstrong as CEO succeeding Mark C. Pigott.

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.

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.

Appointments Listed as Open in Prior Report


  • lululemon athletica: lululemon athletica appointed President of TOMS Shoes, Laurent Potdevin, as CEO.
  • Descartes Systems Group: Chief Commercial Officer Edward J. Ryan has been appointed CEO, in accordance with its leadership succession plan.

Internal Promotions & Others

  • Royal Bank of Canada: Royal Bank of Canada president and CEO Gordon Nixon will retire in Aug, 2014, replaced by Dave McKay, the group head of RBC personal and commercial banking.

CEO Roles Open

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.

Absolute Software, Vancouver, BC
Revenues: $83.2m
Absolute Software is engaged in providing software solutions for the security and management of computers and mobile computing devices.

December 2013 - Absolute Software has announced that John Livingston has tendered his resignation as CEO and as a member of the Board of Directors. Errol Olsen, CFO, will serve as interim CEO while the Board conducts a search for a new CEO and Daniel Ryan will serve as Chairman of the Board.

Other International
Appointments Listed as Open in Prior Report

  • Lloyd’s of London: Inga Beale, who previously headed privately-owned insurer Canopius, joins as first female CEO.

Internal Promotions & Others

  • Hollysys Automation Technologies: Baiqing Shao, SVP, Business Development will become CEO.

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 CEO. The Board has named Eyal Desheh, Teva's EVP and Chief Financial Officer, to fill the role of President and CEO on an interim basis.

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.

Domino’s Pizza Group plc, Milton Keynes, UK   
Revenues: $240m
Domino’s Pizza Group plc is a pizza delivery company and holds the master franchise to own, operate and franchise Domino's Pizza stores.

December 2013 - Domino's Pizza’s CEO Lance Batchelor would stand down next year. The group has opened the search for a new CEO.

Polyus Gold International Limited, London, UK
Revenues: $2.84b
Open Joint Stock Company Polyus Gold, together with its subsidiaries, engages in the extraction, refining, and sale of gold.

November 2013 - Polyus Gold International Limited announces that Mr. Pavel Grachev, a member of the Board of Directors, has taken on the added responsibilities of Interim CEO of the Company until a successor is elected, and Mr. German Pikhoya has now resigned as CEO and Director of the Company with immediate effect.

Read 19291 times Last modified on Thursday, 11 June 2020 15:26
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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