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Saturday, 31 May 2014 04:40

Recent Recruitment Findings Suggest a 32% Decline in CEO Turnover Featured

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Vell Compiles Open CEO Roles and Placements in the Past Month
PREPARED BY: Vell Executive Search
DATE: April 21 to May 21, 2014

There were ten new CEO roles that opened up from April 21st  to May 21st, for a total of 57 Open CEO slots, all listed in this report.

The ten new openings include: Vulcan Materials Company (Alabama), Accretive Health (Illinois), Ashland (Kentucky), Target (Minnesota), Aegion (Missouri), B&G Foods (New Jersey), Assurant (New York), Canadian Imperial Bank of Commerce (Canada), Sage Group (U.K), AGL Energy (Australia).

During the same time period, there were 27 new appointments:

  • Nine were external appointments
  • 18 were internal promotions – Seven were COOs, four were divisional or other functional leaders, three were interim CEOs, one was President, and one was CFO
  • One was CEO of a newly acquired subsidiary and another was the former CEO and presently serving as Chair

Geographically, the appointments are as follows:

  • 21 in the U.S.
  • 1 in Canada
  • 5 Other International

Out of the 27 appointments, two were women.

According to Liberum, CEO changes declined 32% from a year earlier in April 2014. For the month to month change in executive turnover (March 2014 to February 2014), it showed a slightly different picture with a decline of 7% for CEOs.

Top Industry sectors this month are: Energy, Drugs and Banking.

or more details, please refer below to CEOs Wanted and CEOs Appointed.

You can also see our recent reports:  2013 Trends in Tech. Company Boards, Technology Boards, and Characteristics of Successful Tech Company CEOs.

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 is a retained executive search firm that specializes in recruiting technology execs for boards and executive roles, such as CEOs and C-Levels. Vell has built a reputation for recruiting talented high-performing leadership teams globally. You can reach us at This email address is being protected from spambots. You need JavaScript enabled to view it. and our website is

CEOs Wanted


Vulcan Materials Company, Birmingham, AL                                            Revenues: $2.77b
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.

May 2014 - The Company announced that the Board of Directors plans to elect a CEO in 2014 to succeed Donald M. James, 65, in that position.


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.


Symantec, Mountain View, CA                                                                   Revenues: $6.9b
Symantec provides security, backup, and availability solutions worldwide.

March 2014 - Symantec has appointed board member Michael Brown as interim president and CEO, following the termination of Steve Bennett as the company's president and CEO and his resignation from Symantec's board. A special committee of the board will immediately begin the search for a permanent CEO with the assistance of a leading executive search firm.

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. 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.

Mozilla, Mountain View, CA                                                                        Revenues: Private
Mozilla is the the nonprofit organization behind Firefox, Firefox OS and other online tools.

April 2014 - Mozilla named former CMO Chris Beard a board member and its new acting CEO. Newly appointed CEO on March 24, Brendan Eich, resigned in the beginning of April after a highly controversial stance on gay marriage cut off his tenure after 11 days.

Digital Realty Trust, San Francisco, CA                                                     Revenues: $1.5b
Digital Realty Trust is a real estate investment trust (REIT). The Company owns, acquires, develops, redevelops and manages technology-related real estate.

March 2014 - A. William Stein, CFO and Chief Investment Officer, was appointed as Interim CEO, as CEO Michael F. Foust has departed.

eHealth, Mountain View, CA                                                                       Revenues: $153.4m
eHealth offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services.

April 2014 - David Rounthwaite has been named interim CEO. The board is actively searching for a new CEO.


Crocs, Niwot, CO                                                                                       Revenues: $1.1b
Crocs is a designer, manufacturer and distributor of footwear and accessories.

January 2014 - Crocs CEO John McCarvel is retiring. Crocs said it is launching an outside search for McCarvel's replacement.

Citrix Systems, Fort Lauderdale, FL                                                           Revenues: $2.9b
Citrix Systems is a cloud computing company. The Company designs, develops and markets technology solutions that enable IT services.

January 2014 - Citrix Systems announced that CEO Mark Templeton has returned from a three-month personal leave to resume his role as CEO. But he intends to retire within the next year, subject to a successor. A committee of independent directors will lead the search process.

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 of Directors 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


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 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 President.


Accretive Health, Chicago, IL                                                                   Revenues: $826.3m

Accretive Health is a provider of services to the healthcare providers. The Company’s three offerings are revenue cycle management; quality and total cost of care, and physician advisory services.

April 2014 - Accretive Health’s Board accepted the resignation of Steve Schuckenbrock as president and CEO. The Board has initiated a search for a new CEO with deep healthcare domain expertise to lead the company through its next phase of operational enhancement, as well as reigniting the company’s growth and strategic innovation. To continue the company’s momentum, the Board of Directors appointed current chief operating officer, Joe Flanagan, to lead a newly created Transformation Office.


MGP Ingredients, Atchison, KS                                                                 Revenues: $334m
MGP Ingredients produces certain distillery and ingredient products which are derived from corn, rye and barley, and wheat flour.

January 2014 - MGP Ingredients elected CFO Donald P. Tracy and VP, Engineering Randall Schrick to serve as interim Co-CEOs until a replacement CEO is hired.


Ashland, Covington, KY                                                                             Revenues: $7.8b
Ashland is a global specialty chemical company that provides products, services and solutions throughout a variety of industries.

April 2014 - Chairman and CEO James J. O`Brien has decided to retire effective December 31, 2014. Ashland`s board has launched a formal search process to choose his successor.


Waters Corporation, Milford, MA                                                              Revenues: $1.84b
Waters Corporation is a laboratory analytical instrument and software company.

August 2013 - Waters Corporation announced that Douglas A. Berthiaume will 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.


Covisint, Detroit, MI                                                                                 Revenues: $90.7m
Covisint provides cloud engagement platform for enabling organizations to securely connect, engage and collaborate with communities of customers, business partners and suppliers.

March 2014 – Covisint Corporation has named Sam Inman as interim CEO.


Target, Minneapolis, MN                                                                            Revenues: $73b
The Target Corporation is an American retailing company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, Walmart being the largest.

May 2014 – Gregg Steinhafel will step down from his positions as Chairman of the Target board of directors, president and CEO. John Mulligan, Target's chief financial officer, has been appointed as interim president and CEO. Roxanne S. Austin, a current member of Target's board of directors, has been appointed as interim non-executive chair of the board.

Famous Dave's of America, Minnetonka, MN                                            Revenues: $155m
Famous Dave's of America operates restaurants. As of January 1, 2012, there were 187 Famous Dave's restaurants operating in 37 states, including 54 company owned restaurants and 133 franchise operated restaurants.

February 2014 – The restaurant company’s CEO John Gilbert resigned abruptly and will be succeeded on an interim basis by a recently appointed board member, Ed Rensi, a former McDonald’s executive.


Aegion, Chesterfield, MO                                                                           Revenues: $1.1b
Aegion Corporation is engaged in infrastructure protection, providing technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.

May 2014 –Charles R. "Chuck" Gordon, a member of the Aegion Board of Directors since 2009, has been unanimously appointed by the Board to serve as Interim CEO, following the resignation of J. Joseph Burgess from his position of President, CEO and Director.

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.

New Jersey

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.

Vonage Holdings, Holmdel, NJ                                                                  Revenues: $830m
Vonage Holdings is a provider of communications services connecting people through broadband devices worldwide.

April 2014 - Vonage Holdings’ CEO Marc Lefar has shared his intention to retire from the Company upon completion of a process to select a successor.

B&G Foods, Parsippany, NJ                                                                       Revenues: $725m
B&G Foods manufactures, sells and distributes a range of branded shelf-stable food and household products across the United States, Canada and Puerto Rico.

May 2014 - B&G Foods announced that David L. Wenner plans to retire as President and CEO in December 2014, following the completion of a process to choose his successor.

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

Assurant, New York, NY                                                                            Revenues: $9.04b
Assurant is a provider of specialized insurance products and related services in North America and select worldwide markets.

May 2014 – Assurant’s President, CEO and director Robert B. Pollock, 59, plans to retire, effective December 31, 2014. The Board of Directors has commenced a search to evaluate both internal and external candidates for Mr. Pollock's successor.

Morgans Hotel Group, New York, NY                                                         Revenues: $189.9m
Morgans Hotel Group is a fully integrated lifestyle hospitality company.

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.

Fairway Group Holdings, New York, NY                                                    Revenues: $661m
Fairway Group Holdings Corp. operates in the retail food industry, selling fresh, natural and organic products, prepared foods, and specialty and gourmet offerings along with a assortment of conventional groceries.

February 2014 - Herbert Ruetsch is retiring after two years as CEO of Fairway. President William Sanford will become interim CEO.


Michael Baker Corporation, Allegheny County, PA                                    Revenues: $593.4m
Michael Baker Corporation provides engineering services for public and private sector clients worldwide. The company 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.

American Eagle Outfitters, Pittsburgh, PA                                                Revenues: $3.5b
American Eagle Outfitters is a specialty retailer that operates in the United Sates and Canada.

January 2014 - American Eagle Outfitters (AEO) said chief executive Robert Hanson is leaving the retailer, while executive chairman Jay Schottenstein will step in as his interim replacement.

Harsco Corporation, Camp Hill, PA                                                           Revenues: $2.8b
Harsco Corporation is a diversified, multinational provider of industrial services and engineered products.

March 2014 - Harsco Corporation announced that Patrick K. Decker has stepped down as President and CEO and Director, to become CEO of Xylem. Harsco director David C. Everitt has been appointed Interim President and CEO and will continue as a member of the Board. The Board will begin its search process immediately and will engage a leading executive search firm to assist in this process.

Bon-Ton Stores, York, PA                                                                        Revenues: $2.8b

The Bon-Ton Stores is a department store operators in the United States, offering an assortment of apparel and accessories for women, men and children.

March 2014 - Brendan L. Hoffman, President and CEO, will not renew his employment agreement with the Company at its expiration on February 7, 2015. The Board of Directors will undertake a national search to find a CEO to succeed Mr. Hoffman.


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.

TeamHealth Holdings, Knoxville, TN                                                         Revenues: $2.1b
TeamHealth is a provider of outsourced physician staffing solutions for hospitals in U.S.
January 2014 - Team Health Holdings’ CEO Greg Roth has decided to retire. The company's Board of Directors will begin an executive search for a new CEO, while Roth will remain as CEO throughout the search process to manage an orderly transition in the leadership of the company.

Washington, DC

LivingSocial, Washington, DC                                                                   Revenues: Private
LivingSocial provides daily deals with discounts at local restaurants, bars, spas, and theaters in the United States and internationally.
January 2014 - LivingSocial, a daily deal coupon site that’s partially owned by, said co-founder and CEO Tim O’Shaughnessy is stepping down amid stagnant sales. He will remain CEO until the company finds a replacement in the first half of 2014.

Pepco Holdings, Washington, DC                                                              Revenues: $5b
Pepco Holdings is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas.
January 2014 - Pepco Holdings announced that Chairman, President and CEO Joseph M. Rigby has notified to retire from PHI in the first half of 2015. To provide for a smooth transition, Rigby will step down as CEO near the end of 2014, following the selection of his successor.

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 - 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 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.


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.


Canadian Imperial Bank of Commerce, Toronto, Ontario                         Revenues: $10.69b
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. CIBC serves its clients through three strategic business units (SBUs): Retail and Business Banking, Wealth Management, and Wholesale Banking.
April 2014 - Canadian Imperial Bank of Commerce’s CEO Gerry McCaughey will retire effective April 30, 2016. The actual date of Mr. McCaughey's retirement will be completed upon completion of the succession process.

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 CEO 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.

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’s CEO 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.

Canexus, CALGARY, AB                                                                             Revenues: $553m
Canexus, through its subsidiaries, produces sodium chlorate and chlor-alkali products in four plants located in Canada and two plants located at one site in Brazil, largely for the pulp and paper and water treatment industries.
March 2014 - Canexus Corp. says Gary Kubera has stepped down as CEO of the company, effective immediately. In the meantime, Richard Ott, currently on Canexus’ board of directors, will fill the role in the interim.

TMX Group Ltd., Toronto, ON                                                                      Revenues: $773m
The TMX Group owns and operates stock exchanges, the Toronto Stock Exchange (TSX), and the TSX Venture Exchange (TSX-V), formerly known as the Canadian Venture Exchange (CDNX), the Montreal Exchange, the Natural Gas Exchange and the Boston Options Exchange.
March 2014 - Canada's leading exchange, TMX Group Ltd., is looking for a new leader, following the news that CEO, Thomas Kloet, intends to retire from the firm at the end of August.

Martinrea International, Toronto, ON                                                        Revenues: $2.9b
Martinrea International is engaged in the production and development of quality metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector.
March 2014 - Metal parts maker Martinrea International's president and CEO, Nick Orlando, will step down from his role. The company said it would conduct a search for a new president and CEO immediately, with executive chairman Rob Wildeboer noting some personal health issues of Orlando during his tenure.

Other International

The Sage Group plc, Newcastle upon Tyne, UK                                           Revenues: $1.37b

The Sage Group plc provides SMBs with a range of business management software and services-from accounting and payroll, to enterprise resource planning, customer relationship management and payments.
May 2014 - The CEO of UK enterprise software firm Sage Guy S. Berruyer is to step down from the company by the end of March 2015 once a replacement has been found.

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. David Wild, currently the Senior Non-Executive Director of the Company, will be appointed as Interim Chief Executive with immediate effect, acting in an Executive capacity for a temporary period until two months after a new Chief Executive is appointed.

Mulberry Group, Chilcompton, UK                                                              Revenues: $165.1m
Mulberry Group is engaged in the design and manufacture or sourcing of luxury accessories, clothing and footwear and their subsequent sale through wholesale channels or its own stores and concessions in home and export markets.
March 2014 - Bruno Guillon, the CEO of English luxury brand Mulberry, has stepped down from his role less than two months after the retailer issued a profit warning. Godfrey Davis, who is currently non-executive chairman and was previously CEO, will become executive chairman until a successor is found.

Mothercare, Watford, UK                                                                           Revenues: $749.4m

Mothercare plc is a retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands.
February 2014 - Mothercare CEO Simon Calver has resigned from the retailer after less than two years in the role, but intends to remain until the end of March. Mothercare has appointed former Shop Direct boss Mark Newton-Jones as interim 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.

Jet Airways (India) Limited, Mumbai, India                                              Revenues: $3.1b
Jet Airways (India) Limited is a holding company. The company is a scheduled airline with domestic and international operations.
January 2014 - Jet Airways announced that Gary Kenneth Toomey had resigned from his position as CEO of the airline with immediate effect. Toomey had joined the airline just six months ago on a three-year contract. CFO Ravishankar Gopalakrishnan will be the acting CEO until the board names a new chief.

Kingfisher Airlines, Mumbai, India                                                            Revenues: $5.01b
Kingfisher Airlines Ltd is engaged in rendering scheduled and unscheduled aircraft passenger and cargo services, including charter services.
February 2014 - Kingfisher Airlines CEO Sanjay Aggarwal put in his papers, with no replacement announced.

Basil Read Holdings Limited, Boksburg, South Africa                                 Revenues: $600.7m
Basil Read Holdings Limited is a South Africa-based construction company.
March 2014 - Basil Read CEO Marius Heyns has advised the group's board of his intention to retire. Terence Desmond Hughes, the managing director of Basil Read Developments, has been appointed as interim CEO with effect from 1 June 2014.

Infosys, Bangalore, India                                                                           Revenues: $8.2b
Infosys provides business consulting, technology, engineering and outsourcing services.
March 2014 - Infosys has started the search for its first non-founder CEO. Present CEO S. D. Shibulal, 59, has decided to retire as the CEO, managing director and a member of the board on January 9, 2015 or when his successor is ready to assume office.

Bacardi Limited, Hamilton, Bermuda                                                          Revenues: NA
Bacardi is the largest privately held spirits company in the world.
April 2014 - Bacardi Limited announced the departure of president and CEO Ed Shirley. Interim CEO is Michael J. Dolan who will serve until a successor is appointed.

AGL Energy, Sydney, Australia                                                                   Revenues: $9.7b
AGL is engaged in buying and selling of gas and electricity; construction and/or operation of power generation and energy processing infrastructure; development of natural gas production and storage facilities, and exploration, extraction, production and sale of coal seam gas (CSG).
May 2014 - AGL Energy CEO Michael Fraser will retire by the end of June, 2015. The company's board had started a selection process for a replacement and would consider both internal and external candidates.

CEOs Appointed


  • Maxwell Technologies: Former Gennum CEO Dr. Franz Fink joins as President, CEO and
  • Former Citrix VP Elizabeth Cholawsky starts as CEO.
  • Superior Industries International: Donald Stebbins, the former CEO of Visteon, was named CEO of aluminum wheel supplier Superior Industries International.
  • Ross Stores: Chief Merchandising Officer Barbara Rentler will take the top job at the Fortune 500 discount retailer next month.
  • Cubic Corporation: COO Bradley H. Feldmann will succeed Bill Boyle effective July 1, 2014 as president and CEO of the military defense equipment company.
  • Green Technology Solutions: Owner/VP of Gulf Environmental Services Wallace W. Browne is now president and CEO.


  • YUM Brands: Chairman and CEO, David C. Novak, 61, will become Executive Chairman on January 1, 2015, and Taco Bell CEO Greg Creed, 56, will become the next CEO of YUM Brands.


  • Watts Water Technologies: ITT exec Robert J. Pagano, Jr. as President and CEO.


  • Bally Technologies: The gaming technology company appointed Richard “Dick” Haddrill as CEO, replacing Ramesh Srinivasan.

New York

  • Dow Jones & Company: iCEO William Lewis has been named CEO.

North Carolina

  • Krispy Kreme Doughnuts: Papa John's COO Anthony N. "Tony" Thompson, 47, has been named President and CEO, replacing James H. Morgan, 66.


  • The Timken Company: The Timken Company named COO Richard G. Kyle as president and CEO, replacing James W. Griffith.
  • PolyOne: PolyOne COO Robert M. Patterson has become president and CEO.


  • WPX Energy: New CEO is Richard E. (Rick) Muncrief, 55. Most recently, SVP of operations and resource development at Continental Resources.
  • Gulfport Energy Corporation: iCEO Michael G. Moore has been promoted to CEO and has joined the Company's Board.


  • Bryn Mawr Bank Corp: Currently appointed COO Francis J. Leto has been designated to succeed Ted Peters as CEO of Bryn Mawr Bank Corp. when the latter retires at the end of the year.
  • CONSOL Energy: President Nicholas J. DeIuliis has been appointed President and CEO, replacing J. Brett Harvey, who took the position of Executive Chairman.
  • Wabtec Corporation: President and COO Raymond T. Betler promoted to president and CEO.


  • KBR: WorleyParsons’ Group MD - Operations and Delivery Stuart Bradie has been named President and CEO.

West Virginia

  • WesBanco: The WesBanco Board has elected COO Todd F. Clossin as President and CEO, succeeding Paul M. Limbert.


  • Wausau Paper: iCEO Michael C. Burandt has been appointed Chairman & CEO.


  • Quebecor: The new president and CEO of Quebecor and Quebecor Media is Pierre Dion, who has been a member of Quebecor Media's executive committee since 2004.

Other International

  • Nokia: Nokia names networks business leader Rajeev Suri as CEO.
  • Actavis: Ireland based Actavis named Forest Laboratories’ CEO Brent Saunders to lead the combined company once Actavis' $25 billion takeover of Forest is complete.
  • CEMEX: Mexico based CEMEX, SAB. de C.V. has appointed veteran executive and CFO Fernando A. Gonzalez as CEO.
  • Ensco plc: Schlumberger exec Carl Trowell has been named CEO and President, succeeding Dan Rabun.
  • Rowan Companies plc: COO Dr. Thomas P. Burke was elected as the CEO.

Vell Team
Dora Vell - Managing Partner
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Dal Coger – Senior Consultant
Ajanta Banerjee – Research Consultant
Sue McLaughlin – Manager, Business Operations
Liza Teich – Marketing Coordinator

Read 14550 times Last modified on Thursday, 27 August 2020 14:46
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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