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New Leadership Changes at Big Technology Companies & Non-Tech Turnovers Featured

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Vell Compiles Open CEO Roles and Placements in the Past Month
PREPARED BY: Vell Executive Search
DATE: May 21 to June 19, 2014

The time period covered in this report is as follows: May 21st, 2014 to June 19th, 2014.

Due to our special focus in Tech, we added a separate section for tech CEOs wanted and appointed. We expect this section to grow as we deepen all our sources.

Technology Industry

  • New Tech CEO Openings (7): JDA Software Group (AZX), Novatel Wireless and Infoblox (CA), ScopiaRx (OH), Alteva (PA), Cision (Sweden), and Weve (U.K)
  • Total Tech CEO Roles Open: 15
  • New Tech CEO Appointments:20
  • Sources of Tech CEO Appointments:
  • 14 were external appointments
  • Six were internal promotions – interim CEO (1), CFO (1), Divisional Heads (2), founder and Chair (1), and former CEO.
  • Geographic Distribution of new Tech CEO Appointments: 15 in the U.S., two in Canada, and two International.
  • Gender Diversity: None of the 20 CEOs appointed were women.

All Other Industries

  • New CEO Openings (9): Advanced Energy Industries (CO), DNA Brands (FL), Hawaiian Electric Company (HI), The Mosaic Co. (MN), Arctic Cat (MN), Rockwood Holdings (NJ), Neptune Technologies & Bioressources (Canada), Bayer (Germany), and Barclays Wealth and Investment Management (U.K).
  • Total CEO Roles Open: 49
  • New CEO Appointments: 20
  • Sources of Appointments:
    • Seven were external appointments
    • 13 were internal promotions – Divisional heads (7), COOs (3), CFO (1), iCEO (1) and board member (1).
  • Geographic Distribution of new CEO Appointments: US (12), Canada (2), International (6) :
  • Gender Diversity: One of the 20 CEOs appointed was a woman (Monitise Group – Appointed as Co-CEO).

Overall CEO changes declined 5% year over year for the month of May but increased 38% over April 2015.

For more details, please refer to sections below on Tech CEOs Wanted, Tech CEOs Appointed and Non-Tech CEOs Wanted, Non-Tech CEOs Appointed.

Other recent reports: 
2013 Trends in Tech. Company Boards, Technology Boards and CIOs Wanted (latest Open CIO Posts and Appointments).

Dora Vell

Vell Executive Search
t: 781-416-4003 |
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Vell Executive Search is a retained executive search firm that specializes in recruiting technology execs for boards and executive roles, such as 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 and Appointed in Technology Industry

CEOs Wanted


JDA Software Group, Scottsdale, AZ                                                       Revenues: Private
JDA Software Group is a provider of enterprise software solutions designed to enable planning, optimization and execution of supply chain, merchandising and pricing processes. As of December 21, 2012, JDA Software Group Inc. was acquired by RedPrairie Corporation.

May 2014 - JDA Software Group appointed its chairman Baljit Dail to serve as an interim CEO. He replaces Hamish Brewer who is leaving the company after 20 years.


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 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.

Novatel Wireless, San Diego, CA                                                              Revenues: $335.1m

Novatel Wireless is a provider of wireless solutions for the worldwide mobile communications markets.

June 2014 - Novatel Wireless appointed Alex Mashinsky Interim CEO, replacing Peter Leparulo who will continue to serve on the Board. The Board is engaging an executive search firm to evaluate candidates for a permanent CEO.

Infoblox, Santa Clara, CA                                                                       Revenues: $225m
Infoblox is an automated network controller. The Company’s network functions include IP address management, device configuration, compliance, network discovery, policy implementation, security and monitoring.

May 2014 – Infoblox’s CEO Robert Thomas has decided to step down. Thomas will remain in his present management and board positions pending the appointment of his successor. The Board has engaged an executive search firm to assist in the process of contacting and evaluating candidates.

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.


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.


Carbonite, Boston, MA                                                                           Revenues: $107.2m
Carbonite provides secure cloud backup solutions with anytime, anywhere access to files stored on its servers.

February 2014 - David Friend, co-founder and CEO of Carbonite, will step down as CEO of the company once a successor is found.


ScopiaRx, Cincinnati, OH                                                                           Revenues: Private
ScopiaRx founded in 2008 by Jeffrey Huth Phd, MD., is a startup company in Cincinnati, OH that has developed a new, comprehensive drug safety software and database platform to improve patient care and reduce medical costs.

May 2014 - ScopiaRx is looking for an executive with a strong sales background who can help lead an early stage health care IT company to market.  The position is based in Cincinnati.  The founder is an MD who is looking for a seasoned executive to direct the market expansion of a drug safety cloud-based analytics tool.


Alteva, Philadelphia, PA                                                                             Revenues: $30.1m
Alteva, a cloud-based communications company, is a provider of hosted Unified-Communications-as-a-Service, (UCaaS).

May 2014 – Alteva appointed Brian J. Kelley, the company’s board member, as its interim CEO. The Board is in the process of conducting a search for a permanent CEO.

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.

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.


eHealth Ontario, Toronto, ON                                                              Revenues: Private
eHealth Ontario is the agency tasked with facilitating the development of Ontario's proposed public Electronic Health Record system.

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

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.

Cision, Stockholm, Sweden                                                                       Revenues: $123.8m
Cision is a leading provider of cloud-based PR software, services and tools for the marketing and public relations industry.
June 2014 - Cision AB (CSN.ST) today announces that Peter Granat is resigning as President and CEO of Cision. The Board of Directors has appointed Magnus Thell, currently head of Cision Europe, as interim President and CEO, effective immediately.

Weve Limited, London, U.K.                                                           Revenues: NA
Weve is the joint venture between the UK's three largest mobile network operators - EE, Telefonica UK (O2) and Vodafone UK. Weve is in the process of rolling out a mobile payment service in the UK through a partnership with MasterCard.
June 2014 - David Sear, chief executive of Weve, is leaving the company he helped establish, after one and a half years. Weve is on the hunt for a CEO.

CEOs Appointed

Arizona Fernando Madeira, the current head of Walmart's Latin American e-commerce division becomes CEO of, replacing Joel Anderson.


vArmour: The stealth security company appointed enterprise and security veteran Tim Eades as new CEO. Eades is former CEO of Silver Tail Systems, acquired by RSA in 2012 (the security arm of EMC).

Quorum: The provider of application and data recovery systems, Edward Sharp, former VP of emerging products at NetApp, as new CEO, taking the reins from interim CEO Walter Angerer.

Condusiv Technologies: The high-performance software optimizing technology company announced that 33 year IT veteran, chairman and founder, Craig Jensen, has joined the executive management team as its CEO.

Zingle: The company which is developing texting tools for businesses such as hotels and restaurants has tapped a Silicon Valley veteran and the Founder and former CEO of Clickability, John Girard, as its new CEO.


X-IO Technologies: The leader in performance-driven storage has appointed business growth specialist and CEO of MapInfo, Brian Owen, as president and CEO.


SafeNet: The data protection firm has appointed Prakash Panjwani as its new president and CEO and director. He replaces current President and CEO Dave Hansen.


Trillium Software: The Harte Hanks Company, and a leading global provider of data quality solutions, appoints IBM’s Executive Director of SaaS Services and Customer Success, Philip Galati, as CEO.

Contour Semiconductor: The provider dedicated to producing low cost, high-volume, non-volatile memory chips, has appointed veteran semiconductor industry executive Saul Zales as CEO.


Covisint: The cloud engagement platform provider names its iCEO Sam Inman as permanent CEO.


Bally Technologies: The leader in gaming machines, interactive applications, and networked and server-based systems for gaming, appoints former CEO Richard “Dick” Haddrill as CEO, replacing Ramesh Srinivasan.

New York

Scientific Games Corp.: Former Bally Technologies COO Gavin Isaacs joins as President and CEO of Scientific Games, succeeding David L. Kennedy.


SI Systems: Paragon Technologies appoints John Molloy, Founder and former CEO of Sapient Automation, as CEO of its warehouse management and controls software subsidiary SI Systems.


Zenoss: The provider of unified IT monitoring and analytics, appointed industry veteran, Greg Stock, most recently Entrepreneur-in-Residence at Austin Ventures and chairman of Macheen, as new CEO.

TrendKite: The business analytics software company appointed former Dachis Group executive Erik Huddleston as its new CEO.


NUVI: NUVI, which develops social analytics software, has tapped Co-founders, CFO and President of Vivint, Keith Nellesen, as CEO.


Absolute Software: The endpoint security company welcomed EMC APJ COO Geoff Haydon as its new CEO.

CoreComm Solutions: CEO Patrick Fitzsimmons leaves the company that is commercializing the Correlation Technology Platform (CTP) that targets public and private K12 market sectors in the software education market. CFO Nelson Da Silva adds on CEO role.

Other International

Infosys: Infosys has appointed former SAP chief technology officer Vishal Sikka as CEO.

Siemens UK: Managing Director of Siemens Industry in the UK, Jürgen Maier, has been appointed CEO of Siemens' Regional Company in the UK, succeeding Roland Aurich.

CEOs Wanted and Appointed - All Other Industries

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.


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. Crocs has appointed Reebok executive Andrew Rees as president, who will also serve as interim CEO until the company finds a successor to CEO John McClarvel, who left.

Advanced Energy Industries, Fort Collins, CO                                            Revenues: $547m
Advanced Energy designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.

June 2014 - Garry Rogerson, Chief Executive Officer of Advanced Energy Industries, advised the Board of Directors of the company of his decision to step down from his role as Chief Executive Officer upon appointment of his successor. Mr. Rogerson also will resign as a director of the company when a successor Chief Executive Officer is appointed.


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.

DNA Brands, Boca Raton, FL                                                                  Revenues: $156.8K
DNA Brands produces, markets and sells a line of three carbonated blends of DNA Energy Drink, Citrus, Sugar Free Citrus and Sugar Free Cranrazberry.

June 2014 - DNA Brands announced that Eric Fowler, the current President and CEO of the Company, resigned from his positions. Founder Melvin Leiner has assumed the role of interim President and CEO.


Hawaiian Electric Company, Honolulu, HI                                                    Revenues: NA
Hawaiian Electric Company is a wholly-owned subsidiary of Hawaiian Electric Industries. It is a regulated electric public utility.

October 2013 – The President and CEO Richard M. Rosenblum, 64, has notified the company that he plans to retire within a year.


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. In April, MGP hired Heidrick & Struggles, to assist in the CEO search.


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.


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 has stepped 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.

The Mosaic Co., Plymouth, MN                                                                 Revenues: $8.2b  Mosaic is a producer and marketer of combined concentrated phosphate and potash crop nutrients.

May 2014 – Mosaic Co. said CEO James T. Prokopanko is taking a medical leave of absence for surgery to treat cancer and named CFO Lawrence W. Stranghoener as interim CEO. Mr. Stranghoener, whose appointment is effective June 1, intends to retire at the end this year, the company said. Mosaic named Richard L. Mack, currently its general counsel and corporate secretary, as its new CFO.

Arctic Cat, Plymouth, MN                                                                         Revenues: $730.5m    Arctic Cat designs, engineers, manufacture and market snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (ROVs) under the Arctic Cat brand name, as well as related parts, garments and accessories (PG&A).

June 2014 – Arctic Cat said that Claude Jordan had stepped down as chairman and chief executive officer and that the company had launched a search for a successor.


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. The company is working with Herbert Mines Associates, a leading executive recruiting firm, and will consider both internal and external candidates.

Rockwood Holdings, Princeton, NJ                                                  Revenues: $1.4b
Rockwood is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.

June 2014 - The Rockwood Board of Directors has appointed Robert J. Zatta as Acting Chief Executive Officer effective July 1, 2014, in addition to his role as Chief Financial Officer.

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.

Wasington, DC

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.


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.

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.

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.

Neptune Technologies & Bioressources, Quebec, Canada                        Revenues: $18.1m
Neptune Technologies & Bioressources (Neptune) is a biotechnology company engaged primarily in the development and commercialization of marine-derived omega-3 polyunsaturated fatty acids

June 2014 –Neptune Technologies & Bioressources, Acasti Pharma and NeuroBioPharm jointly announce the appointment of CFO Andre Godin as interim President and Chief Executive Officer of Neptune, Acasti and NeuroBio with immediate effect.

Other International

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.

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. 

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.

Bayer, Leverkusen, Germany                                                                Revenues: $54.6b
Bayer AG is a German management holding company with core competencies in the field of health care, nutrition and high-tech materials.
June 2014 - Bayer AG CEO Marijn Dekkers will step down at the end of 2016, setting up a contest for the top job at one of Germany’s largest companies. Chief Financial Officer Werner Baumann, 51, will become chief strategy and portfolio officer, and Johannes Dietsch, 52, a senior manager of Bayer’s Chinese operations, will become CFO.

Barclays Wealth and Investment Management, London, England                Revenues: NA   Barclays Wealth and Investment Management is division of the Barclays Group. It is a leading global wealth manager providing private banking, investment management, brokerage and fiduciary services to private clients and financial intermediaries all over the world.

June 2014 - Barclays Wealth's CEO Peter Horrell is set to leave the company. the bank is looking for a replacement.

CEOs Appointed


Taco Bell: Taco Bell, a division of Yum! Brands, announced that president, Taco Bell U.S. Brian Niccol will be promoted to CEO on January 1, 2015.


PDC Energy: Newly promoted COO Barton R. Brookman will take over as CEO, effective Dec 31, 2014.


Hartford Financial Services Group: The insurance provider named its CFO Christopher Swift as CEO.


Equity One: Former Seritage Realty Trust CEO and Mall Properties’ CEO David R. Lukes, 44, has been named CEO at Equity One.


United Parcel Service: UPS announced COO David Abney will rise to the position of CEO. Current CEO Scott Davis, 62, will retire and become non-executive chairman.


Universal Truckload Services: Jeff Rogers, former President of YRC Freight, will succeed Scott Wolfe as Chief Executive Officer at the end of this year.


Famous Dave's of America: iCEO Ed Rensi, a former McDonald’s executive, has been named CEO.

New York

American International Group: AIG named EVP, AIG and CEO of AIG Property Casualty, Peter D. Hancock, as President and CEO, replacing Bob Benmosche.

International Flavors & Fragrances: Director Andreas Fibig has been named new CEO.


Air Products: Air Products names Rockwood executive Seifi Ghasemi as Chairman, CEO.


HSBC Bank USA: Company veteran Patrick Burke succeeds Irene Dorner as CEO.


Ritchie Bros. Auctioneers: The auctioneer of industrial equipment appoints former OfficeMax CEO Ravi Saligram as CEO.

Callinex Mines: Callinex appointed investor relations executive for several natural resources companies, Max Porterfield, as CEO and President.

Other International

Siemens U.K.: Managing Director of Siemens UK and Ireland Industry Sector Juergen Maier has been appointed as the new UK CEO of Siemens.

Monitise Group: Former Visa payments executive Elizabeth Buse has been appointed co-CEO of Monitise Group.

ABB: Discrete automation and motion division head Ulrich Spiesshofer will become CEO of the Switzerland based company in September this year.

Quindell: The British IT outsourcing and consultancy services provider, said it planned to promote Robert Fielding, who heads its services unit, to CEO.

Jet Airways: Aviation specialist and former Etihad Airways official Cramer Ball joins as new CEO.

Foxtons Group: The London-based real-estate agency’s CEO Michael Brown steps down, succeeded by COO Nic Budden.

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

Read 8946 times Last modified on Thursday, 27 August 2020 13:37
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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