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Monday, 16 March 2015 05:11

65 Open CEO Roles & 56 CEO Appointments In the Past Month‏ Featured

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Vell Compiles Open CEO Roles and Placements in the Past Month
PREPARED BY: Vell Executive Search
DATE: February 6 to March 10, 2015

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 35 days ended March 10, 2015.

Vell Executive Search just published a report on Chairman/CEO Structure. We studied the Fortune 100 companies over a 14 year period and whether splitting or combining the roles is a good thing. While we focus our business on technology, we can learn a lot from the giants, as their stories are more visible. This email address is being protected from spambots. You need JavaScript enabled to view it.

Technology Industry

New Tech CEO Openings: Two – Iteris (CA) and Epcylon Technologies (Canada)

Total Tech CEO Roles Open: 13

New Tech CEO Appointments: 13

Sources of Tech CEO Appointments: 5 external; 8 internal promotions –iCEO (2), Board Member (2), COO (1), CFO (1), President (1), Exec Chair (1).

Geographic Distribution of new Tech CEOs:  11 in the U.S. and two international

Gender Diversity: One of 13 CEOs appointed was a woman – Jive Software (CA).

All Other Industries

New CEO Openings (other industries): 10 - Starwood Hotels & Resorts (CT), Career Education (IL), MillerCoors (IL), Delaware Investments (PA), Owens & Minor (VA), Fauquier Bankshares (VA), On Track Innovations (Israel), Transocean (Switzerland), Gran Tierra Energy (Canada), ArcelorMittal South Africa (South Africa)

Total CEO Roles Open: 52 (other industries)

New CEO Appointments: 43 (other industries)

Sources of Appointments (other industries): 10 were external appointments; 2 were former execs; and 31 were internal promotions – COO (10), CFO (5) *one CFO coming from parent company, President (4), iCEO (3), board members (3), others (6)

Geographic Distribution of new CEO Appointments (other industries): US (35), Canada (1) and International (7)

Gender Diversity (other industries): Two women were appointed as CEO - STAAR Surgical (CA) and AMERISAFE (LA) 

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

Other recent Vell Leadership Updates: Tech Company Director AppointmentsTech Directors in Corporate BoardsGiant Tech Companies Latest Appointments. 

All the best,  

Dora Vell

Vell Executive Search
t: 617-530-1260 | 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

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.

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, following the departure of Victor Limongelli. The Board will initiate a search processes to identify a permanent CEO.

Iteris, Santa Ana, CA                                                                   Revenues: $68.2m                 Iteris develops technologies and software-based information systems for traffic management.

February 2015 - Kevin Daly, non-executive Director of Iteris, will serve as CEO on an interim basis until the Company finds a permanent replacement for CEO Abbas Mohaddes, who resigned to pursue other opportunities.


Inteliquent, Chicago, IL                                                         Revenues: $211.7m
Inteliquent, formerly Neutral Tandem, provides solutions for voice, data, and hosted services globally.

January 2015 - G. Edward Evans depart as CEO, to pursue other interests. He will continue to act as the CEO beyond such date if necessary to complete a nationwide search for his successor.


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.

New York

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 since its creation in 2009, is leaving at the end of the year. Vevo is now looking for a new CEO, while 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’ President and CEO John McAdam plans to retire and will work closely with the board to ensure a smooth transition as the networking company searches for a successor.


Epcylon Technologies, Toronto, ON                                                       Revenues: NA
Technologies, formerly Mobile Integrated Systems, focuses on developing a software application that permits the secure purchase of lottery tickets on commercially available smart phones and similar mobile telecommunications devices.
March 2015 - Jack J. Bensimon has been appointed as Interim CEO after resignation of CEO Peter George.

Other International

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.
June 2014 – CEO David Sear left. The company has appointed former ZenithOptimedia UK boss Tim Hipperson as its interim 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, left the company, 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.

CEOs Appointed


Jive Software: iCEO and former Skype CMO Elisa Steele has been named CEO.

Cloud Security Corporation: The IT services and software company appointed Sam (Ning) Liu, founder and President of American International Cultural Exchange Foundation (AICEF), as CEO.

Cloud Foundry Foundation: The independent governing body overseeing growth of Cloud Foundry, named Sam Ramji, who led strategy for Apigee and Microsoft's open source, as CEO.


Frontier Communications: President & COO Daniel J. McCarthy has been named CEO.


xG Technology: Executive Chair of the wireless networks company George Schmitt will add on CEO role, replacing John Coleman, who stays as director.

API Technologies: President of Crane Electronics Robert Tavares has been named President and CEO, replacing Bel Lazar, at the communications products company.


MedAssets: Board member R. Halsey Wise has been appointed chairman and CEO, replacing John A. Bardis, who is retiring.


Westell Technologies: The telecommunications equipment company appointed former Tellabs CTO J. Thomas Gruenwald, 66, succeeding Rick Gilbert, as president & CEO. 


Monotype Imaging: Scott Landers, currently SVP and CFO, to succeed Doug Shaw as president and CEO in the beginning of next year.

Wyless: The Internet of Things company appointed President Mike Coffey additionally as CEO.


Communications Systems: iCEO Roger H.D. Lacey has been named CEO at the modular connecting and wiring devices company.

Other International

Millicom: The Sweden based telecom and media company appointed Liberty Global's Latin American President Mauricio Ramos as CEO.

eFuture Information Technology: The provider of software and mobile social shopping network services to China's rapidly growing retail and consumer goods industries, appoints director Weiquan Ren as CEO.

Other Industries: Open CEO Roles & CEOs AppointedAll Other Industries
Other Industries: CEOs Wanted

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 - Chairman and CEO, Gary T. Steele, plans to retire on May 31, 2015, but may serve beyond that date to help the CEO search process. He will remain as a director. The company has engaged JM Search, of Philadelphia, to help in the search process.

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.

Mattel, El Segundo, CA                                                                             Revenues: $6b
Mattel makes a variety of toy products worldwide which are sold to its customers and directly to consumers.

January 2015 –Christopher A. Sinclair is now Chairman and interim CEO. Bryan G. Stockton has resigned as Mattel’s Chairman, CEO and Director.

Joe's Jeans, Commerce, CA                                                                Revenues: $140.2m
Joe's Jeans is engaged in design, development and marketing of apparel products, which include denim jeans, related casual wear and accessories.

January 2015 –Marc Crossman resigned as President and CEO and will be transitioning to a consulting position. Samuel Joseph Furrow, Jr. (Jay) will serve as Interim CEO.


Starwood Hotels & Resorts, Stamford, CT                                                 Revenues: $3.3b
Hotels & Resorts Worldwide is hotel and Leisure Company.

February 2015 – Starwood Director Adam Aron has been named interim CEO while the Board conducts a search, following the Frits van Paasschen’s resignation as President, CEO and Director.


The St. Joe Company, Watersound, FL                                                         Revenues: $131.3m
The St. Joe Company is a Florida real estate development and operating company.

August 2014 - CEO, Park Brady retired, while the Company commenced the search for a new CEO. Jeffrey C. Keil, an independent Director of St. Joe since 2011, will serve as President and Interim CEO.

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 interim CEO until a successor to current CEO and President, Jim Atchison, is chosen. Atchison 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 - Adrian Mitchell, Crate and Barrel’s COO and CFO, has assumed interim leadership and a search is underway to replace former CEO Sascha Bopp.

Walgreens Boots Alliance, Deerfield, IL                                               Revenues: $76.39b
Walgreens Boots Alliance together with its subsidiaries operates as a retail drugstore chain in the United States.

November 2014 - 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 president and CEO Greg Wasson retired shortly after the close of the Alliance Boots transaction.

Career Education, Schaumburg, IL                                               Revenues: $736.9m
Career Education, through its colleges, schools and universities offers education in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings.

February 2015 - President and CEO Scott W. Steffey resigned. Chair Ronald D. McCray will serve as Interim President and CEO.

MillerCoors, Chicago, IL                                               Revenues: Private
MillerCoors is a joint venture between SABMiller and Molson Coors Brewing Company.

February 2015 - CEO Tom Long intends to retire. The Board is conducting a search to identify a successor to lead MillerCoors through its next phase of growth and development.


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

August 2013 - Douglas A. Berthiaume will retire as CEO within August 2015. The Board has appointed a Succession Planning Committee to guide the search process and engaged an executive search firm to assist in a search which will consider both internal and external candidates.


Glacier Bancorp, Kalispell, MT                                                             Revenues: $321m
Glacier Bancorp is a regional multi-bank holding company. It provides commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.

October 2014 –
Glacier Bancorp 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.

New Jersey

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 intends to retire on June 27, 2015 to spend more time with his family and his external Board work. The Board commenced a search for a new CEO.

Chambers Street Properties, Princeton, NJ                                                  Revenues: $250m
Chambers Street Properties is a net lease real estate investment trust.

November 2014 - President, CEO and Founder Jack Cuneo plans to retire. Cuneo will continue in his role until a successor is named and will be available to provide consulting services.

New York

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

September 2013 - 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 – Dr. Jennifer Simpson has been appointed interim President and interim CEO.

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 –CEO Michele Scannavini has stepped down from his role, and Chairman Bart Becht will become interim CEO. Becht will remain as Chairman once a permanent successor has been appointed.

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.

Barnes & Noble, New York, NY                                                                          Revenues: $6.4b

Barnes & Noble is a content, commerce and technology company that provides customers access to books, magazines, and other content across its multi-channel distribution platform.

January 2015 – Barnes & Noble announced that Mitchell Klipper, CEO of the Retail Group, will retire at the end of the fiscal year, ending May 2nd, but will remain with the Company in the role of special advisor on real estate and other matters. The Company said it has begun a search to fill Klipper’s position and that he will help with the selection of the new Retail CEO and in the transition process.

North Carolina

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.

The Fresh Market, Greensboro, NC                                                                     Revenues: $1.5b

The Fresh Market is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods. 

January 2015 - Craig Carlock resigned as president and CEO. After the retirement news of Carlock, the specialty grocery retailer is in search of a new CEO and till a new appointment is made, COO Sean Crane will serve as the Interim CEO.


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.

Dana Holding, Maumee, OH                                                                                Revenues: $6.8b

Dana Holding is a global provider of technology driveline, sealing and thermal-management products. 

January 2015 - President and CEO Roger J. Wood plans to retire in April 2016, after five years of leadership at Dana. The Board has initiated a process that will evaluate both internal and external candidates and executive search consulting firm Spencer Stuart has been engaged to assist in this process.  

Cheviot Financial, Cheviot, OH                                                                   Revenues: $17.8m

Cheviot Financial is a mid-tier stock holding company for Cheviot Savings Bank. 

January 2015 - Thomas J. Linneman, the Bank's Chairman, President and CEO, has announced his retirement, effective February 6, 2015. Board member Mark Reitzes has agreed to serve as President and CEO on an interim basis.  


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.

Delaware Investments, Philadelphia, PA                                             Revenues: NA
Investments is an asset management firm with more than $180 billion in assets under management.

February 2015 - Delaware Investments, a member of Macquarie Group, announced the intention of its CEO, Patrick Coyne, to retire later this year. Coyne will remain until September 30th to assist with the appointment of his successor and to ensure a smooth transition.


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, will continue as chairman and CEO through January 29, 2016 or, if earlier, the appointment of a successor.


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.

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.


Owens & Minor, Mechanicsville, VA                                                           Revenues: $9.1b
Owens & Minor is a leading healthcare logistics company.    

February 2015 - The board is initiating a search to identify a successor to President & CEO James L. Bierman, who plans to retire.

Fauquier Bankshares, Warrenton, VA                                                           Revenues: $26m
Bankshares is a bank holding company and owns all of the voting shares of The Fauquier Bank.    

February 2015 - President and CEO Randy Ferrell plans to retire in 2016. Ferrell will remain as president and CEO until a search committee has selected a successor.


Outerwall, Bellevue, WA                                                            Revenues: $2.3b
Outerwall, formerly Coinstar, is a provider of automated retail solutions, which offers convenient products and services.
January 2015 - J. Scott Di Valerio has resigned as CEO. Board member Nora Denzel will serve as interim CEO while the board searches for a long-term replacement.

Washington, 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.


Spectrum Brands Holdings, Middleton, WI                                              Revenues: $4.4b
Spectrum Brands Holdings is a consumer products company, manufacturing alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
January 2015 - Spectrum Brands Holdings announced that David R. Lumley, President and CEO, intends to retire from the Company by the end of 2015 as part of a planned succession process. Spectrum Brands has instituted an active succession program, including commencement of a formal search for his replacement that will consider both internal and external candidates.


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.

Gran Tierra Energy, Calgary, AB                                                       Revenues: $559.4m
Gran Tierra Energy is an independent international energy company engaged in oil and gas acquisition
, exploration, development and production.
February 2015 – COO Duncan Nightingale, 56, will become Gran Tierra Energy’s interim President and CEO. This follows the termination of Dana Coffield, as President and CEO.

Other International

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.

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.

Knot Offshore Partners, Aberdeen, U.K                                   Revenues: $73.2m
Knot Offshore Partners is a limited partnership formed to own, operate and acquire shuttle tankers under long-term charters.

February 2015 – Knot Offshore Partners announced that Arild Vik has decided to step down as CEO and CFO of the partnership, to pursue other interests outside of the partnership. He will be available for the partnership until 30 July 2015. This ensures that the Board has sufficient time to find a suitable replacement to when he steps down.

Kaisa Group, Guangzhou, China                                   Revenues: $3.1b
Kaisa Group Holdings Ltd. is an investment holding company, and its subsidiaries are engaged in property development, property investment and property management.

February 2015 – China's homebuilder Kaisa Group said that its CEO Jin Zhigang has resigned. It was not immediately clear who would be replacing Jin, who had been at the helm since 2012.

On Track Innovations, Rosh Pina, Israel                                   Revenues: $19.9m
On Track
Innovations is an Israel-based payment solutions company.

February 2015 –On Track Innovations’ CEO Ofer Tziperman resigned. He will continue to serve as CEO until the earlier of August 10, 2015 or such time as a suitable replacement has been hired and his duties have been effectively transitioned.

Transocean, ZUG, Switzerland                                                       Revenues: $8.95b
Transocean is an
international provider of offshore contract drilling services for oil and gas wells.

February 2015 – Steven Newman will step down as President and CEO. Until a permanent replacement is named, Chairman Ian Strachan, will serve in the role of Interim CEO.

ArcelorMittal South Africa, Vanderbijlpark, South Africa                              Revenues: NA
ArcelorMittal South Africa is Africa’s premier steel producing company, employing nearly 9500 people at its operations in Gauteng, KwaZulu Natal and in the Western Cape.

February 2015 – After six years at the helm, Nonkululeko Nyembezi-Heita stepped down as CEO and executive director. Hans Ludwig Rosenstock has been appointed as acting CEO of ArcelorMittal.

Other Industry CEOs Appointed


STAAR Surgical: Board member Caren Mason named President and CEO at the provider of implantable lenses and delivery systems for the eye.

Reliance Steel & Aluminum: President and COO Gregg J. Mollins, succeeds David H. Hannah, as CEO.


DISH Network: President & CEO Joseph P. Clayton will retire. DISH Co-founder & Chair Charles W. Ergen, who has previously served as DISH’s President/CEO, will succeed Clayton in those roles.


Bankwell Financial Group: Chief Strategic Officer Christopher Gruseke has been appointed CEO and President.


Sterling Construction Company: iCEO Paul J. Varello is now permanent CEO.


Darden Restaurants: The parent of Olive Garden and LongHorn Steakhouse chains, said interim CEO Eugene Lee would take over the job permanently.

Forward Industries: The company website now lists recently appointed iCEO Michael L. Luetkemeyer as CEO, without any formal announcement.


LKQ Corporation: John S. Quinn, EVP & CFO of North America's largest recycler of used cars & trucks LKQ, is moving to the position of CEO and Managing Director of European Operations.


BATS Global Markets: BATS, a leading operator of U.S. and European markets, named President Chris Concannon to the additional role of CEO.


AMERISAFE: President and COO G. Janelle Frost, has been appointed CEO.


Rawlings Sporting Goods Company: The subsidiary of Jarden Corporation recently named Michael Zlaket, Easton-Bell Sports exec, as President and CEO.

EPR Properties: EVP & COO Gregory K. Silvers replaces retiring CEO & President David M. Brain.


ConAgra Foods: Former president and CEO of The Hillshire Brands Company Sean M. Connolly, 49, will replace Gary M. Rodkin as CEO.

Union Pacific: President and COO Lance Fritz has been named CEO at the transportation company.

New Jersey

Authentidate Holding: Healthcare industry veteran and WellPoint VP Ian Bonnet is now president, CEO and director.

New Mexico

DomiKnow: CFO Mark White is replacing CEO Mike Kemery who has resigned as part of a planned management transition strategy.

New York

Harbinger Group: The company appointed Omar Asali, its President, to the additional position of CEO. 

Eagle Bulk Shipping: CEO Sophocles Zoullas has resigned from the dry bulk vessel company, succeeded by board member Stanley Ryan, most recently corporate platform leader at Cargill.

Kimco Realty Corporation: President & COO Conor C. Flynn will succeed retiring CEO David B. Henry.

Assembly Biosciences: Derek Small has been named CEO, in addition to his current position as President.

IEC Electronics: Former president of the company Jeffrey T. Schlarbaum appointed as President and CEO.

Town Sports International Holdings: President & COO Daniel Gallagher has been appointed CEO.

American Realty Capital Properties: New CEO Glenn J. Rufrano joins from O'Connor Capital Partners, a retail and residential - real estate investment firm, where he had been Chairman and CEO.

North Carolina

ITG Brands: David Taylor, currently EVP, finance and planning and CFO of Lorillard, will serve as the new CEO of ITG Brands.

Speedway Motorsports: President & COO Marcus G. Smith has been named CEO.


DDR Corp: President & CFO David Oakes has been named CEO.

The Dayton Power and Light Company (DP&L): The subsidiary of The AES Corporation, has named insider Tom Raga President and CEO.


Citizens & Northern Bank: President and COO of Kish Bank, J. Bradley Scovill, is the new President and CEO.


Kirkland's: President and COO Mike Madden named President and CEO. 


Sally Beauty Holdings: President and COO Chris Brickman succeeded Gary Winterhalter as CEO.

EV Energy Partners: SVP & CFO Michael E. Mercer will replace Mark A. Houser as CEO.

Trecora Resources: EVP and Divisional President Simon Upfill-Brown will become CEO when Nick Carter steps down in July this year.


Norfolk Southern Corporation: President James A. Squires will succeed Charles W. "Wick" Moorman as CEO.

Virgin Islands (U.S)

Altisource Asset Management: BofA exec George G. Ellison succeeds AAMC's current CEO, Ashish Pandey, who stays as Executive Chairman and CEO of Altisource Residential Corporation.


ClearSign Combustion: Board member Stephen E. Pirnat is now President, CEO and Chairman.


CHC Group: GE Energy and GE Aviation exec Karl Fessenden, 51, named President, CEO and Board Member at commercial operator of helicopters.

Other International

Petrobras: Brazil based energy giant named banker Aldemir Bendine as CEO.

Honda Motor: Managing Officer Takahiro Hachigo appointed as President and CEO of Japan based Honda Motor, succeeding Takanobu Ito.

Credit Suisse: Longstanding CEO Brady Dougan to be replaced by Tidjane Thiam, head of UK insurer Prudential, in an abrupt leadership change at the Switzerland’s second-biggest bank.

Prudential PLC: Mike Wells, head of its U.S. operations, will be the next CEO, replacing Tidjane Thiam, who departed for the top job at Credit Suisse Group.

Sanofi: Paris based drug-maker appoints Bayer HealthCare’s Chair and CEO Olivier Brandicourt as CEO.

Magal Security Systems: Elbit Systems exec Saar Koursh replaces Eitan Livneh as CEO at the Israel based physical and cyber security products company.

G. Willi-Food International: The Israel based company that specializes in the development and distribution of kosher foods, appointed former CEO Gil Hochboim again as CEO.

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)

CIO, Univision 

$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

       Vell Team

Dora Vell - Managing Partner

​Dal Coger – Vice President

Paula Axelrod – Vice President

Judy Smith - Senior Consultant

Earl Stephens - Business Manager

Ajanta Banerjee – Business Research Associate

Tori Agel – Marketing Coordinator

Read 4093 times Last modified on Thursday, 13 August 2020 13:00
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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