Happy New Year and welcome to our CEO Turnover Newsletter.
This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 56 days ended January 4th, 2015.
CEO turnover for December 2014 showed no change from that of December 2013.The month to month change from November 2014 to December 2014 saw the CEO turnover increase by 7%, while from October 2014 to November 2014 saw no change.
New Tech CEO Openings: Two – CTI Group (IN) and Millicom (Sweden)
Total Tech CEO Roles Open: 13
New Tech CEO Appointments: 12
Sources of Tech CEO Appointments: 7 external; 5 internal promotions –COO (2), iCEO (1), CFO (1), President (1)
Geographic Distribution of new Tech CEOs: 11 in the U.S. and one international
Gender Diversity: None of 12 CEOs appointed were women.
All Other Industries
New CEO Openings (other industries): 11 - Jacobs Engineering Group and Wesco Aircraft Holdings (CA), SeaWorld Entertainment (FL), Walgreens (IL), American Realty Capital Properties, Sotheby’s and Harbinger Group (NY), Salix Pharmaceuticals (NC), Abercrombie & Fitch and Bob Evans Farms (OH), AmeriServ Financial (PA)
Total CEO Roles Open: 49 (other industries)
New CEO Appointments: 64 (other industries)
Sources of Appointments (other industries): 23 were external appointments; 42 were internal promotions – iCEOs (11), Divisional leaders (8), COO (7), Presidents (5), CFO (3), board members (3), others (4)
Geographic Distribution of new CEO Appointments (other industries): US (50), Canada (4) and International (10)
Gender Diversity(other industries): one woman was appointed as CEO - Akcea Therapeutics (MA)
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 Vell Leadership Updates: Tech Company Director Appointments, Tech Directors in Corporate Boards, Giant Tech Companies Latest Appointments.
Our latest Report is a 14 year study on Chair/CEO Splits and Combines... Request a Copy
All the best,
Vell Executive Search
Tech Companies: CEO Roles Open & CEOs Appointed
Tech CEOs Wanted
Reddit, San Francisco, CA Revenues: Pvt.
Reddit is an entertainment, social networking service and news website where registered community members can submit content, such as text posts or direct links.
November 2014 - Yishan Wong has resigned as CEO of Reddit, the community-curated message board, following a disagreement with the board of directors over new offices. Ellen Pao, Reddit's business and partnerships strategist, will serve as interim CEO.
Jive Software, East Palo Alto, CA Revenues: $145.8m Jive Software provides a social business software platform.
November 2014 - Jive Software CEO Tony Zingale announced his retirement from the helm of the Palo Alto company. Zingale will become executive chairman, providing an opportunity for Elisa Steele, who was promoted to president and will serve as interim CEO with help from board member Bill Lanfri until a new leader is named.
Tinder, Los Angeles, CA Revenues: NA Tinder is a matchmaking mobile app, which connects with users' Facebook profiles to provide pictures and ages for other users to view.
November 2014 - Tinder CEO Sean Rad is stepping down. He's going to stay on as CEO until the company finds his replacement.
Guidance Software, Pasadena, CA Revenues: $110.5m Guidance Software is a provider of digital investigative solutions.
November 2014 - Guidance Software appointed CFO Barry Plaga as Interim CEO. This appointment follows the departure of Victor Limongelli as Guidance Software’s President and CEO and his resignation as a member of the Company’s Board of Directors. Guidance Software’s Board of Directors will initiate formal search processes to identify a permanent CEO.
CTI Group, Indianapolis, IN Revenues: NA
CTI Group is a global provider of carrier-grade software solutions and services which empower organizations through communication analytics.
December 2014 - CTI Group named Manfred Hanuschek as interim President and CEO, upon the retirement of John Birbeck.
Single Touch Systems, Jersey City, NJ Revenues: $7.8m
Single Touch Systems offers its patented technologies through a modular, adaptable platform and a multi-channel messaging gateway to its customers, enabling them to reach consumers on all types of connected devices.
September 2014 - Single Touch Systems announced that Jerry Hug has been appointed as the company's interim CEO. Hug, previously Single Touch's EVP of Corporate Development, replaces James Orsini, who departs on September 19, 2014 to pursue other opportunities.
Vevo, New York, NY Revenues: NA
Vevo is a video hosting service owned and operated by a joint venture of Universal Music Group (UMG), Google, Sony Music Entertainment (SME) and Abu Dhabi Media.
November 2014 – CEO Rio Caraeff, who has run the Vevo music video service since its creation in 2009, is leaving at the end of the year. Vevo is now looking for a new CEO. In the meantime, CFO Alan Price will run the company.
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.
F5 Networks, Seattle, WA Revenues: $1.7b
F5 Networks is the developer and provider of application delivery services.
November 2014 - F5 Networks said President and Chief Executive John McAdam plans to retire in about a year and will work closely with the board of directors to ensure a smooth transition as the networking company searches for a successor.
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.
TeleCity Group, London, U.K. Revenues: $529.6m
TeleCity Group is a provider of network-independent data centers providing colocation and related data centre services.
September 2014 - Michael Tobin, who had led the FTSE 250 group for a decade, will leave the company at the end of October, with chairman John Hughes taking over executive responsibilities while a replacement is found.
Shanda Games Limited, Shanghai, China Revenues: $11.63b
Shanda Games Limited is a China-based company principally engaged in the development and operation of online games and related businesses..
November 2014 - Yingfeng Zhang has been appointed as acting CEO and the Board will begin a global search for a permanent successor.
Millicom, Stockholm, Sweden Revenues: NA
Millicom is a leading international telecommunications and media company dedicated to emerging markets in Latin America and Africa.
December 2014 – CFO Tim Pennington will served as iCEO, as CEO Hans-Holger Albrecht steps down. Meanwhile, the board has initiated a search.
Tech CEOs Appointed
Otelco: Robert J. Souza, currently President of Otelco, has been appointed to the additional position of CEO.
Move: News Corp announced that former President of Madison Square Garden Ryan O’Hara will become CEO of its online real estate services company Move, replacing CEO Steven Berkowitz, who has led the company since 2009.
Ellie Mae: COO Jonathan Corr has been appointed CEO.
MRV: The developer of packet and optical networking components named EVP and CFO Mark J. Bonney as the company's new President and CEO.
Spark Networks: Internet Brands exec Michael S. Egan joins as CEO of the provider of online personals services.
Emcore: The company has named former Lucent exec Jeffrey Rittichier as CEO, succeeding Dr. Hong Hou. Rittichier will be based at the company’s new headquarters in California.
Recondo Technology: The revenue cycle and financial management software provider to the healthcare industry, named Jay Deady, CEO of Awarepoint, as CEO.
Otter Products: The maker of the popular OtterBox and LifeProof mobile cases named its COO Peter Lindgren as its new CEO.
InfoBlox: The network control company named former Cisco exec Jesper Andersen to the positions of president and CEO, replacing Robert Thomas.
Carbonite: The cloud backup and recovery solutions company named HP’s Chief Strategy Officer Mohamad Ali as CEO, succeeding Carbonite co-founder David Friend.
Pivot Freight: The company which operates an online service aimed at businesses, letting them compare shipping costs from different carriers, added former TrueCar and BlackLocus exec Rob Taylor as CEO.
OI S.A.: iCEO and CFO Bayard Gontijo has recently been quoted as CEO in all publications in December 2014, though there was no formal announcement of the CEO appointment.
CEOs Wanted and Appointed – All Other Industries
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.
Landec Corporation, Menlo Park, CA Revenues: $476.8m
Landec Corporation develops polymer products for food and agricultural products, medical devices and licensed partner applications that incorporate Landec's polymer technologies.
September 2014 - Landec announced that it’s Chairman and CEO, Gary T. Steele, plans to retire on May 31, 2015. Steele has agreed to remain on the Board of Directors as a director, but not as Chairman after his retirement. The search committee of the company has engaged JM Search, of Philadelphia, PA to begin the search process for Steele's successor and the process will consider both external and internal candidates.
STAAR Surgical, Monrovia, CA Revenues: $72m
STAAR Surgical Company designs, develops, manufactures and sells implantable lenses for the eye.
October 2014 - Staar Surgical announced that Barry G. Caldwell, President & CEO, 64, will retire on March 1, 2015. The Board has initiated a search to identify Caldwell's replacement and has appointed a special committee to begin an extensive search process for Barry's successor.
Jacobs Engineering Group, Pasadena, CA Revenues: $12.7b
Jacobs Engineering Group is a technical professional services firm.
November 2014 - Craig L. Martin retires, leading to Noel G. Watson to serve as Executive Chairman until a new CEO is appointed.
Wesco Aircraft Holdings, Valencia, CA Revenues: $1.4b
Wesco Aircraft Holdings is the holding company for Wesco Aircraft Hardware Corp.
December 2014 - Wesco Aircraft Holdings appointed EVP, Sales and Marketing Hal Weinstein as interim CEO, upon the retirement of Randy J. Snyder.
Darden Restaurants, Orlando, FL Revenues: $8.8b
Darden Restaurants is full service restaurant company. The Company owns and operates more than 1,500 restaurants.
August 2014 - Darden Restaurants announced that it has retained global executive search firm Russell Reynolds Associates to assist the Company with the recruitment of its next CEO. As previously announced, Clarence Otis has stepped down as Chairman and CEO and Eugene Lee serves as iCEO.
The St. Joe Company, Watersound, FL Revenues: $131.3m
The St. Joe Company is a Florida real estate development and operating company.
August 2014 - The St. Joe Company announced that its CEO, Park Brady, will be retiring. The Company will be commencing a search for a new CEO. Jeffrey C. Keil, an independent Director of St. Joe since 2011, will serve as President and Interim CEO.
Carnival Cruise Lines, Doral, FL Revenues: NA
Carnival Cruise Lines is a British-American owned cruise line, based in Doral, Florida. The company is now one of ten cruise ship brands owned and operated by Carnival Corporation & plc.
November 2014 - Gerry Cahill is retiring from his position as CEO. The company will look at both internal and external candidates to fill the job.
SeaWorld Entertainment, Orlando, FL Revenues: $1.46b
SeaWorld Entertainment is a theme park and entertainment company.
December 2014 - Chairman David F. D'Alessandro will serve as the Company's interim CEO until the Board selects a permanent successor to current CEO and President, Jim Atchison, who will become Vice Chairman of the Board.
Crate and Barrel, Chicago, IL Revenues: NA
Crate & Barrel is a 170+ store American chain of retail stores, specializing in housewares, furniture, and home accessories.
August 2014 - Crate and Barrel CEO Sascha Bopp, who led the furniture chain’s recent international expansion, has resigned, less than a month after his second-in-command left the company. Adrian Mitchell, Crate and Barrel’s COO and CFO, has assumed interim leadership and a search is underway to replace Bopp.
Walgreens, Deerfield, IL Revenues: $76.39b
Walgreens Boots Alliance together with its subsidiaries operates as a retail drugstore chain in the United States.
November 2014 - Walgreens announced that Stefano Pessina, executive chairman of Alliance Boots and a member of the Walgreens board, will serve as its acting CEO, pending a board search for a successor. Walgreens announced that Greg Wasson, president and CEO, has informed that he will retire shortly after the close of the second step of the Alliance Boots transaction.
ITT Educational Services, Carmel, IN Revenues: $1.1b
ITT Educational Services (ITT/ESI) is a provider of postsecondary degree programs in the United States.
August 2014 - ITT Educational Services’ CEO Kevin M. Modany resigned. The company is looking for his replacement.
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.
Atlantic Power, Boston, MA Revenues: $551.7m
Atlantic Power owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
September 2014 - Atlantic Power's Board of Directors also announced today that it has appointed Director Ken Hartwick, 51, as Interim President and CEO effective immediately, following the mutual agreement for Barry Welch to step down as President, CEO and a Director of the Company. The Board has commenced a process to identify and evaluate candidates to serve as the Company's next President and CEO and will promptly engage a leading executive search firm to assist in the process.
Glacier Bancorp, Kalispell, MT Revenues: $321m
Glacier Bancorp is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
October 2014 – Glacier Bancorp announced that it has retained Spencer Stuart to advise the Board of Directors on potential internal and external candidates for a successor to Michael J. Blodnick as President and CEO.
ConAgra Foods, Omaha, NE Revenues: $17.7b
ConAgra Foods is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products.
August 2014 – The search is now underway for the next CEO of ConAgra Foods. Current CEO Gary Rodkin announced his plan to retire from the company in 2015.
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 CEO effective July 1, 2014, in addition to his role as Chief Financial Officer.
Vitamin Shoppe, North Bergen, NJ Revenues: $1.1b
Vitamin Shoppe is a specialty retailer and direct marketer of vitamins, minerals, herbs, specialty supplements, sports nutrition and other health and wellness products.
September 2014 - CEO Tony Truesdale announced his intent to retire on June 27, 2015 to spend more time with his family and his external Board work. The Board of Directors of the Vitamin Shoppe will be commencing a search for a new CEO, which will include both internal and external candidates.
Chambers Street Properties, Princeton, NJ Revenues: $250m
Chambers Street Properties is a net lease real estate investment trust.
November 2014 - Chambers Street Properties announced that President, CEO and Founder Jack Cuneo plans to retire from the Company. Cuneo will continue in his role until a successor is named and will be available to provide consulting services to the Company for a period of time after that.
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.
Delcath Systems, New York, NY Revenues: $490.0K
Delcath is a specialty pharmaceutical and medical device company, focused on oncology, initially cancers in the liver.
September 2014 – Delcath Systems announced the reorganization of the Company's leadership as Dr. Jennifer Simpson has been appointed interim President and interim CEO. Dr. Simpson has served as interim Co-President and interim Co-CEO of Delcath since September 2013.
Coty, New York, NY Revenues: $4.5b
Coty is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
October 2014 – Coty’s CEO Michele Scannavini has stepped down from his role, and Chairman Bart Becht will become interim CEO. The company intends to commence a search process for Scannavini's permanent successor immediately. Becht will remain as Chairman of the company once a permanent successor has been appointed.
American Realty Capital Properties, New York, NY Revenues: NA
American Realty Capital Properties is a real estate investment trust.
October 2014 – American Realty Capital Properties, the real-estate investment trust under investigation for accounting irregularities, saw Chairman Nicholas Schorsch and CEO David Kay have stepped down. Lisa Beeson has also stepped down as ARCP’s president and COO. A committee has begun the search to replace Kay, who has been in the post for less than three months.
Sotheby’s, New York, NY Revenues: NA
Sotheby’s is a famed art auction house.
November 2014 – William F. Ruprecht, chairman and CEO of Sotheby’s is stepping down. Sotheby’s has begun a search for its next CEO, and Ruprecht will continue to lead until a successor is found.
Harbinger Group, New York, NY Revenues: $4.7b
Harbinger Group is a holding company, operating through branded consumer products company Spectrum Brands and life insurance company Fidelity & Guaranty Life Holdings.
November 2014 –Philip Falcone, HGI's Chief Executive Officer and Chairman to resign. Indepemdent director Joseph S. Steinberg will become Chairman while the company will name a CEO upon the completion of a search process.
Salix Pharmaceuticals, Raleigh, NC Revenues: NA
Salix Pharmaceuticals is a specialty pharmaceutical company.
January 2015 – Salix Pharmaceuticals’ President and CEO Carolyn Logan plans to retire by the end of January, months after an accounting issue may have derailed the drug maker’s takeover. Chairman Tom D’Alonzo will become acting CEO. The company will hire a search firm to look for a CEO.
Invacare, Elyria, OH Revenues: $1.4b
Invacare is the manufacturer and distributor of medical equipment and supplies used in home.
July 2014 - Gerald B. Blouch, President and CEO, will retire. Robert K. Gudbranson, Invacare’s SVP and CFO, has been named interim President and CEO.
DDR Corp., BEACHWOOD, OH Revenues: $ 895.6m
DDR is an owner and manager of 396 shopping centers representing 108 million square feet in 39 states and Puerto Rico.
September 2014 - DDR Corp. announced that CEO Daniel B. Hurwitz and the Board of Directors have agreed not to renew his employment agreement, which expires December 31, 2015. A committee of the Board will engage an executive search firm and consider internal and external candidates to succeed Hurwitz.
Abercrombie & Fitch, New Albany, OH Revenues: $4.1b
Abercrombie & Fitch through its subsidiaries is a specialty retailer that operates stores and direct-to-consumer operations.
December 2014 - Abercrombie & Fitch’s longtime and controversial CEO and Director Michael Jeffries is retiring, as the once-hip teen clothing chain’s sales decline. The retailer has started a search for a new CEO.
Bob Evans Farms, New Albany, OH Revenues: NA
Bob Evans is a full-service restaurant company that operates Bob Evans Restaurants.
December 2014 - Bob Evans Farms’s CEO Steve Davis has stepped down. The Board has established an interim Office of the CEO to provide ongoing leadership and oversight of the day-to-day operations of the Company while a search is conducted for a new CEO.
American Eagle Outfitters, Pittsburgh, PA Revenues: $3.5b
American Eagle Outfitters is a specialty retailer that operates in the United States and Canada.
January 2014 - American Eagle Outfitters (AEO) said CEO Robert Hanson is leaving the retailer, while executive chairman Jay Schottenstein will step in as his interim replacement.
Polonia Bancorp, Huntingdon Valley, PA Revenues: $13.1m
Polonia Bancorp is a savings and loan holding institution.
September 2014 – Anthony J. Szuszczewicz advised the Board of Directors that he is retiring as President and CEO. CFO Paul D. Rutkowski will serve as CEO on an interim basis while the Board of Directors conducts a search for a permanent President and CEO.
West Pharmaceutical Services, Lionville, PA Revenues: $1.3b
West Pharmaceutical Services is a global leader in innovative drug packaging and administration systems.
October 2014 - Donald E. Morel, Jr., Ph.D., Chairman and CEO, has announced his intention to retire at the Company's Annual Meeting in May 2015. The West Board of Directors has retained Russell Reynolds Associates to launch a comprehensive search to identify Dr. Morel's successor.
The Pep Boys: Manny, Moe & Jack, PHILADELPHIA, PA Revenues: $2.06b
The Pep Boys: Manny, Moe & Jack, (branded as and commonly abbreviated as Pep Boys) is a full-service and tire automotive aftermarket chain.
October 2014 - The Pep Boys - Manny, Moe & Jack announced the resignation of President & CEO and Director Mike Odell, 50. Director John Sweetwood, 66, was named interim CEO.
AmeriServ Financial, Johnstown, PA Revenues: NA
AmeriServ Financial is a bank holding company owns all of the outstanding shares of AmeriServ Financial Bank.
December 2014 - Glenn L. Wilson will resign from his position as President and CEO. The Board has appointed Jeffrey A. Stopko as interim President and CEO of AmeriServ Financial and James T. Huerth as interim President and CEO of AmeriServ Financial Bank, until permanent successors for Wilson are named.
Dollar General, Goodlettsville, TN Revenues: $17.5b
Dollar General Corporation is a discount retailer in the United States.
June 2014 - Richard W. Dreiling, Chairman and CEO, advised Dollar General of his intention to retire as CEO effective May 30, 2015 or upon the appointment of a successor. The Board is conducting an internal and external search for a CEO.
Cash America International, Fort Worth, TX Revenues: $1.79b
Cash America International provides specialty financial services to individuals through retail services locations and through electronic distribution platforms known as e-commerce activities.
July 2014 - Cash America International announced that its president and CEO, Daniel R. Feehan, 63, intends to retire. The Board of Directors has appointed a special committee, chaired by James H. Graves, the Chairman of the Management Development and Compensation Committee, to lead a search for a successor CEO.
Alco Stores, Coppell, TX Revenues: $474.1m
Alco Stores is engaged in the business of retailing general merchandise throughout the central portion of the USA through a range of department store outlets.
September 2014 - Alco Stores announced at a Company Town Hall Meeting that Director Stanley B. Latacha will assume the role of Interim CEO effective immediately.
EXCO Resources, Dallas, TX Revenues: $634.3m
EXCO Resources is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore the United States oil and natural gas properties with a focus on shale resource plays.
October 2014 - EXCO Resources announced that it is continuing its search for a new CEO. EXCO is currently in various stages of discussions with candidates. In connection with such search, EXCO may consider acquiring oil and gas entities or properties owned by or affiliated with the candidate who is ultimately selected.
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.
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.
Sears Canada, Toronto, ON Revenues: $3.53b
Sears Canada is a multi-channel retailer.
October 2014 –EVP and chief merchandising officer and president of Sears and Kmart Formats, Ronald Boire, named Acting President and CEO. The retailer said it is continuing the search for a permanent replacement for Campbell, with Boire being a leading candidate in that process.
Mulberry Group, Chilcompton, UK Revenues: $165.1m
Mulberry Group is a luxury accessories, clothing and footwear company, conducting 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. Godfrey Davis, who is currently non-executive chairman and was previously CEO, will become executive chairman until a successor is found.
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.
Net-a-Porter Group, London, U.K. Revenues: NA
Net-a-Porter is a high-fashion retailer that operates via a website designed in the style of a magazine. It was launched in London in 2000 by Natalie Massenet.
August 2014 - Longtime CEO Mark Sebba retired, but his successor has not yet been named.
Galliford Try plc, Uxbridge, U.K. Revenues: $2.9b
Galliford Try plc is a United Kingdom-based housebuilding and construction company.
September 2014 - British builder Galliford Try said its CEO Greg Fitzgerald would retire no later than the end of 2015, and its board began a process to appoint his successor.
Statoil, Stavanger, Norway Revenues: $94.7b
Statoil is a Norway-based integrated energy company primarily engaged in oil and gas exploration and production activities.
October 2014 - President and CEO Helge Lund has informed Statoil's board that he will resign, to take up the position as CEO of another international oil and gas company. The board has appointed Eldar Sætre as acting president and CEO of Statoil with immediate effect.
Sanofi, Paris, France Revenues: $41.2b
Sanofi, formerly Sanofi-Aventis is a global and diversified healthcare company.
November 2014 – Sanofi’s board ousted its CEO of six years Chris Viehbacher, criticizing him for an authoritarian management style. Chairman Serge Weinberg would take on the CEO role until a replacement for the German-Canadian Viehbacher was found.
Thales, Paris, France Revenues: $17.7b
Thales SA is a France-based firm providing integrated solutions and equipment of security systems to the aerospace and defense markets.
November 2014 - The maker of avionics and weapons systems confirmed its full-year goals and said it had begun the search for a chairman and chief executive to replace Jean-Bernard Levy.
Other Industry CEOs Appointed
Motion Industries: COO Timothy P. Breen named to the position of President and CEO of Motion Industries.
Windstream Holdings: CFO Tony Thomas has been appointed president CEO, succeeding Jeff Gardner.
Viad Corp: Steven W. Moster is now President, CEO and Director. Moster will also continue in his role as President of Viad's Global Experience Specialists.
Digital Realty Trust: iCEO A. William Stein is now CEO and director.
DexCom: President & COO Kevin Sayer has assumed the role of President and CEO, to succeed Terry Gregg, who is transitioning to the role of Executive Chairman.
UTi Worldwide: EVP-Global Operations Edward G. Feitzinger, 47, named CEO and director.
Ultra Clean Holdings: Applied Materials exec James Scholhamer replaces retiring CEO Clarence Granger.
bebe stores: iCEO Jim Wiggett is now CEO and Director.
Rentech: Keith Forman, a member of Rentech Nitrogen’s board, has been appointed as CEO and president of Rentech and CEO of the general partner of Rentech Nitrogen.
Crocs: Crocs appointed its board member and Senior Advisor to Blackstone Gregg Ribatt as CEO.
PDC Energy: The company promoted its SVP, Exploration and Production, Barton R. Brookman, 52, to CEO.
Intrawest Resorts Holdings: Residential Capital’s CEO Thomas F. Marano joins as CEO at Intrawest.
N30 Pharmaceuticals: The Boulder-based pharmaceuticals company named Teva Pharmaceuticals exec Jon Congleton as the company's new President and CEO.
United Technologies: CFO Gregory Hayes, 54, succeeds Louis Chenevert, 57, as CEO.
WellCare Health Plans: COO Ken Burdick was named CEO and a member of the board of directors.
Hertz Global Holdings: Former United Airlines President John P. Tague has been appointed President, CEO and Director.
Royal Caribbean International: Michael Bayley, who worked his way up from an assistant purser's position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean International.
Primerica: President Glenn J. Williams was promoted to CEO.
Landauer: iCEO Michael T. Leatherman is now stated as CEO on the company website, without any formal announcement.
Rubicon Technology: iCEO William Weissman, 56, was appointed to the permanent position of President and CEO.
Kraft Foods Group: Chairman John Cahill appointed to the position of Chairman and CEO, succeeding Tony Vernon, who retired.
Allstate Life Insurance Company: President, Allstate Personal Lines Matt Winter is being promoted to president of The Allstate Corporation and CEO of Allstate Life Insurance Company.
Cabot Microelectronics: President of the Asia Pacific Region David H. Li will be President and CEO, replacing William P. Noglows who will continue to serve as Executive Chairman.
NiSource: Joseph Hamrock, currently EVP and group CEO of NiSource's Gas Distribution BU, will become CEO of NiSource.
Yum! Brands: Greg Creed, 57, CEO of Taco Bell became CEO and Director of Yum! Brands.
Amedisys: The healthcare company has named its President and iCEO Paul B. Kusserow as President and CEO.
United Therapeutics: COO Roger Jeffs, Ph.D. was promoted to President and Co-CEO.
Akcea Therapeutics: Isis Pharmaceuticals named former Genzyme exec Paula Soteropoulos as president and CEO of Akcea Therapeutics, the Isis-owned, lipid franchise subsidiary.
AVEO Pharmaceuticals: Chief Business Officer Michael P. Bailey succeeds Tuan Ha-Ngoc as President and CEO.
Universal Truckload Services: EVP Jeff Rogers has succeeded Scott Wolfe as the company's CEO.
Vonage Holdings: Alan Masarek joined Vonage as the CEO and Director, from Google, where he was Director, Chrome & Apps, following the acquisition of his prior company Quickoffice.
Covanta: Anthony J. Orlando, Covanta's President and CEO will be replaced Stephen J. Jones, SVP & GM at Air Products and Chemicals.
Ocean Power Technologies: AECOM Technology exec George H. Kirby is now President, CEO and Director.
DomiKnow: Mike Kemery, SVP of Foundations for Quanta Services, is now CEO and Chairman, replacing John Stokka who recently resigned as CEO.
Loews Hotels & Resorts: The wholly owned-subsidiary of Loews Corporation, has named S. Kirk Kinsell, IHG’s President Americas, as President and CEO.
New York REIT: President Michael Happel was appointed to the role of CEO.
Comtech Telecommunications: Dr. Stanton D. Sloane, Decision Sciences International CEO, succeeds Fred Kornberg as CEO and President.
NeoStem: Regado Biosciences CEO David J. Mazzo, PhD is now CEO at NeoStem.
Krispy Kreme Doughnuts: Papa John’s exec Tony Thompson joined as new President and CEO.
FirstEnergy: EVP and president, FirstEnergy Utilities Charles E. Jones, 59, replaces CEO Anthony J. Alexander, 63, who becomes executive chairman.
Devon Energy: Devon Energy Corporation intends to elect COO Dave Hager, 58, to succeed Richels as president and CEO.
Kennametal: Donald A. Nolan, president of Avery Dennison’s Materials Group, joined Kennametal as CEO.
Five Below: The retailer appointed its President and former Walmart.com CEO Joel D. Anderson as CEO.
Layne Christensen: Drilling-services company Layne Christensen appointed Michael Calilel, who formerly worked at Invensys Software, as CEO.
Era Group: iCEO and former CFO Christopher S. Bradshaw has been appointed as CEO.
Tesco Corp.: EVP & COO Fernando R. Assing, has been appointed as President, CEO and Director.
Epsilon: The Alliance Data marketing subsidiary, named its President Andy Frawley as CEO.
Francesca's Holdings: Specialty retailing veteran and Signet Jewelers CEO Michael W. Barnes has been named Chairman, President, and CEO, succeeding Neill Davis.
Par Petroleum Corporation: Joseph Israel will be new President and CEO. He is former SVP of Hunt Refining Company.
Continental Building Products: iCEO James “Jay” Bachmann is now permanent CEO.
Neptune Technologies & Bioressources: Jim Hamilton, VP Human Nutrition and Health, North America, and President of DSM Nutritional Products USA, joins as CEO.
Coast Capital Savings Credit Union: iCEO and CFO Don Coulter is now President & CEO and CFO.
Manitoba Telecom Services: Jay Forbes, Teranet’s President & CEO, is CEO of MTS Allstream and Manitoba Telecom Services since January 2015.
Hudson’s Bay Company: New CEO Gerald (Jerry) Storch is former Chairman and CEO of Toys”R”Us.
Polyus Gold International Limited: iCEO Pavel Sergeevich Grachev is now stated as the CEO on the company website, without any formal announcement.
Bacardi Limited: iCEO Michael J. Dolan is now stated as the CEO on the company website, without any formal announcement.
AGL Energy: Andrew Vesey, AES Corporation’s EVP & COO, will take over as Managing Director and CEO when Michael Fraser steps down next year.
Eniro: iCEO Stefan Kercza named as permanent President and CEO.
LyondellBasell Industries: The maker of polypropylene plastic has named its EVP Bhavesh V. ‘Bob’ Patel to succeed James Gallogly as CEO.
Banco Santander: Spain's Santander named former CFO Jose Antonio Alvarez as CEO to replace Javier Marin, who had held the position for less than two years.
Frank’s International N.V.: The Amsterdam based provider of engineered tubular services to the oil and gas industry will appoint its board member Gary Luquette as President & CEO, succeeding D. Keith Mosing.
Intelsat S.A.: President and Chief Commercial Officer Stephen Spengler has been promoted to Deputy CEO of the Luxembourg based company, and will become CEO upon the retirement of Chairman and CEO David McGlade.
EVERTEC: The Puerto Rico based company named Morgan "Mac" Schuessler, President of International at Global Payments, as President, CEO and Director.
Senior Plc: The UK based aircraft parts maker Senior Plc named David Squires, COO at Cobham Plc , as its new CEO replacing Mark Rollins .
Recent Vell Placements
For Specific bios and announcements, please refer to Vell Website.
LogMeIn (LOGM), SaaS & IoT Software - Board members (2)
Chairman & CEO - Mobile Application Software company (West Coast)
Fleetmatics (FLTX), Fleet Management Software for SMB (SaaS) - Board members (4)
Carbonite (CARB), Online Backup for SMB (SaaS) - Board Members (2)
mHealth Software CEO (Announcement being made)
$1b CFO Media Company
$60m SaaS to Retail Industry Company: VP North America (now SVP Sales)
VP Product Management, $120m SaaS Co.
Chief Technology Officer (CTO) and Chief Product Officer (CPO), $100m Mortgage Software company
VP & GM, Transportation and Logistics Software (SaaS, large public co.)
VP & GM, SMB (SaaS, large public co.)
CMO, SaaS Software Company
Dora Vell - Managing Partner
Dal Coger – Vice President
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Earl Stephens - Business Manager
Ajanta Banerjee – Research Consultant
Tori Agel – Marketing Coordinator