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Sunday, 12 April 2015 11:53

67 Open CEO Roles & 48 Recent CEO Appointments Featured

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Vell Compiles Open CEO Roles and Placements in the Past Month
PREPARED BY: Vell Executive Search
DATE: March 11 to April 7, 2015

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 27 days ended April 7, 2015.

Technology Industry

New Tech CEO Openings: Two – Rocket Fuel (CA) and Gilat Satellite Networks (Israel)

Total Tech CEO Roles Open: 13

New Tech CEO Appointments: 5

Sources of Tech CEO Appointments: 3 external; 2 internal promotions –iCEO (1) and Chair (1).

Geographic Distribution of new Tech CEOs:  3 in the U.S. and two international

Gender Diversity: One of 5 CEOs appointed was a woman – HTC (Taiwan).

All Other Industries

New CEO Openings (other industries): 11 - ACADIA Pharmaceuticals, NuVasive, AcelRx Pharmaceuticals (CA), Sagent Pharmaceuticals (IL), Calumet Specialty Products Partners (IN), Sarepta Therapeutics, BIND Therapeutics (MA), Visteon Corporation (MI), Madison Square Garden (NY), Baylin Technologies (Canada), and MENA Communications Group (UAE)

Total CEO Roles Open: 54 (other industries)

New CEO Appointments: 43 (other industries)

Sources of Appointments (other industries): 13 were external appointments; 18 were internal promotions – COO (8), President (2), board members (2), iCEO (1), others (5)

Geographic Distribution of new CEO Appointments (other industries): US (24), Canada (1) and International (6)

Gender Diversity (other industries): One woman was appointed as CEO - Halfords Group Plc (UK)

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 AppointmentsTech Directors in Corporate BoardsGiant Tech Companies Latest Appointments.

Dora Vell

Vell Executive Search
t: 781-416-4003 | This email address is being protected from spambots. You need JavaScript enabled to view it.

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

Tech Companies: CEO Roles Open & CEOs Appointed

Tech CEOs Wanted


Rocket Fuel, Redwood City, CA                                                                       Revenues: $408.6m

Rocket Fuel is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.

March 2015 - Rocket Fuel will begin the process to identify a successor to the company’s CEO, George John. Monte Zweben, an accomplished marketing and technology executive and Rocket Fuel Board member since 2010, has been appointed interim CEO while the company searches for a full-time replacement.

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.

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.

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
Epcylon 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.

Gilat Satellite Networks, Petah Tikva, Israel                                                  Revenues: NA
Gilat Satellite Networks is an Israel-based provider of provider of products and services for satellite-based broadband communications.

March 2015 –Erez Antebi, has decided to step down from the position of CEO of Gilat Satellite Networks. Chairman Dov Baharav will assume the position of interim CEO until a new CEO is appointed.

CEOs Appointed


Tinder: IAC/InterActive owned Tinder has replaced CEO Sean Rad with Chris Payne, who most recently had been overseeing eBay's North America business.


CTI Group: The provider of carrier-grade software solutions appointed its iCEO Manfred Hanuschek as President & CEO.

New York

Computer Task Group: Clifford Bleustein, Chief Medical Officer and Global Provider Solutions Leader at Dell Services, joins as CEO.

Other International

HTC: HTC Chairwoman Cher Wang Replaces Peter Chou as CEO.

e-Future Information Technology: New CEO Weiquan Ren, former senior partner at Cybernaut Capital, replaces Adam Yan, who remains Chairman.

Other Industries: Open CEO Roles & CEOs Appointed
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.


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.

ACADIA Pharmaceuticals, San Diego, CA                                                     Revenues: NA

ACADIA Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in neurological and related central nervous system disorders.

March 2015 - ACADIA Pharmaceuticals announced that Uli Hacksell, Ph.D., has retired as ACADIA’s CEO and Board Member. Steve Davis, EVP, CFO and Chief Business Officer of ACADIA, has been appointed as Interim CEO. ACADIA’s Board of Directors plans to initiate a search for a permanent CEO.

NuVasive, San Diego, CA                                                     Revenues: $762.4m

NuVasive is a medical device company specializing in minimally disruptive surgical products and optimizing the surgical process for the spine.

March 2015 – NuVasive’s founder and CEO Alex Lukianov has resigned over a violation of corporate reimbursement and personnel policies. Gregory T. Lucier, the former CEO of Life Technologies, has taken over as interim CEO and has been appointed as chairman.

AcelRx Pharmaceuticals, Redwood City, CA                                                     Revenues: NA

AcelRx Pharmaceuticals is a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of acute and breakthrough pain..

March 2015 – Former Gilead Sciences and ALZA exec Howard B. Rosen is the current interim CEO of AcelRx.



Starwood Hotels & Resorts, Stamford, CT                                                 Revenues: $3.3b
Starwood 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.


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.

Sagent Pharmaceuticals, Schaumburg, IL                                               Revenues: $289m

Sagent Pharmaceuticals is an injectable pharmaceutical products company.

March 2015 - Sagent Pharmaceuticals’ founder Jeffrey Yordon would step down as chairman and CEO. Board member Frank Kung would take over as chairman and the company would immediately begin the search for a new CEO.



Calumet Specialty Products Partners, Indianapolis, IN                          Revenues: NA
Calumet Specialty Products Partners is a producer of specialty hydrocarbon products in North America.

March 2015 - Calumet Specialty Products Partners promoted Vice Chairman and CEO F. William Grube, to the newly formed position of Executive Vice Chairman. Bill Hatch is now Interim CEO. The company has retained The Miles Group to assist in establishing the correct selection criteria and retained Spencer Stuart to assist in identifying the most qualified successors to the CEO.



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.


Sarepta Therapeutics, Cambridge, MA                                                          Revenues: $9.8m

Sarepta Therapeutics, formerly AVI BioPharma, Inc., is a biopharmaceutical company.

March 2015 - Sarepta Therapeutics named Edward Kaye, M.D., the company’s Chief Medical Officer (CMO), as interim CEO, replacing Christopher Garabedian.

BIND Therapeutics, Cambridge, MA                                                          Revenues: $10.4m

BIND Therapeutics is a clinical-stage nanomedicine platform company developing Accurins, its targeted and programmable therapeutics.

March 2015 - BIND Therapeutics appointed its COO & CFO Andrew Hirsch as acting president and CEO, replacing Scott Minick, who will remain as a Director. BIND intends to announce a permanent CEO following an expeditious evaluation of internal and external candidates.


Visteon Corporation, Van Buren Township, MI                                         Revenues: $7.5b
Visteon Corporation (Visteon) is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers.

March 2015 –
Visteon Corporation announced President and CEO Timothy D. Leuliette's intention to transition out of the company by the end of 2015, upon the appointment of his successor. The board of directors has retained executive search firm Spencer Stuart to evaluate candidates to succeed Leuliette.



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

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.

Madison Square Garden, New York, NY                                                   Revenues: $1.6b

The Madison Square Garden Company is an integrated sports, entertainment and media business company.

October 2014 – Tad Smith has resigned as president and CEO to take over as president and CEO of auction house Sotheby's. The company, controlled by the Dolan family, which also owns Cablevision Systems, said that executive chairman James Dolan would oversee MSG on an interim basis.

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

Delaware 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.


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

Fauquier 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.



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.

Baylin Technologies, Toronto, ON                                                        Revenues: NA

Baylin Technologies is engaged in designing, producing and supplying antennas.
March 2015 – Baylin Technologies has appointed Board member Randy Dewey as Interim President and CEO, replacing Ephraim Ulmer.  A Special Committee of the Board will begin the search for a permanent President and CEO.

Other International

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.

MENA Communications Group, Dubai, UAE                              Revenues: NA

MENA Communications Group (MENACOM), parent company of Young & Rubicam (Y&R) Middle East.

March 2015 – Joseph Ghossoub, chairman and CEO of MENACOM, has resigned. Roy Haddad, WPP’s director of MENA, steps in as interim chairman with full management authority and responsibility. The company will name a successor in the near future.


Other Industry CEOs Appointed


American Realty Capital Properties: New CEO Glenn J. Rufrano, former CEO of New Plan Excel Realty Trust, Centro Global Property Group and Cushman & Wakefield, succeeds iCEO William Stanley.



Mattel: Chairman and iCEO Christopher Sinclair as its permanent CEO.

Agilent Technologies: President & COO Mike McMullen has been elected CEO, succeeding William (Bill) Sullivan.

Align Technology: The Company appointed former ABB CEO Joseph M. Hogan as President and CEO.

Bank of the Sierra: President and COO Kevin J. McPhaill has been appointed President and CEO.

Quiksilver: President Pierre Agnes has been promoted to CEO.


FactSet Research Systems: The Company's current President, 19-year FactSet veteran Philip Snow, will become FactSet's next CEO.


SeaWorld Entertainment: SeaWorld named longtime theme park executive Joel Manby, 55, as its new CEO. Most recently was CEO of Herschend Enterprises.


Citi Trends: Citi Trends appoints Jason Mazzola, currently EVP and Chief Merchandising Officer, as President and CEO.



Fuel Tech: President and CEO Douglas G. Bailey will become Executive Chairman, replaced by EVP & COO Vincent J. Arnone as President & CEO.



State Street Global Advisors: The investment management division of State Street Corporation appointed Fidelity exec Ronald (Ron) O’Hanley, 58, will succeed Scott Powers, 56, as CEO.

Cerulean Pharma: COO Christopher D. T. Guiffre, J.D., M.B.A., has been appointed President & CEO.


Patriot Coal: US coal producer Patriot Coal’s VP and chief marketing officer Robert Bennett would take over from president and CEO Bennett Hatfield, who had resigned.


New Jersey

Vitamin Shoppe: Former Weight Watchers International and Walgreen executive Colin Watts joins as CEO of the nutritional-products seller.

Justice (Ascena Retail Group): Brian Lynch, a 35-year fashion and retail industry veteran, has been named President and CEO of Justice, Ascena’s premier tween specialty brand.

New York

Sotheby’s: Sotheby's tapped Madison Square Garden Company's CEO Tad Smith to join the art auction house as its next CEO.

CTPartners Executive Search: Sylvain Dhenin, 44, Vice Chairman and member of the Company’s Executive Committee and former executive search consultant, will replace Brian M. Sullivan as CEO.

North Carolina

Charles & Colvard: Board member Marvin Beasley will succeed Randy McCullough as president and CEO.



State Auto Financial Corporation: CEO of AssureStart Michael E. LaRocco, 58, joins as CEO.

Stoneridge: Jonathan B. DeGayno, 48, currently the VP of Strategic Planning and Innovation for Guardian Industrial Corp., replaces John Corey as CEO.


South Carolina

AVX Corporation: John Sarvis, currently the Company’s VP of Ceramic Products, will become CEO and President.


EXCO Resources: Harold L. Hickey, EXCO’s President and COO, has been appointed CEO and President.

Enterprise Products Partners: Michael A. Creel, CEO of Enterprise’s general partner, intends to retire by end of 2015. COO A.J. “Jim” Teague has been elected to succeed Creel as CEO.


Spectrum Brands Holdings: COO Andreas Rouve was appointed CEO, succeeding Dave Lumley, who is retiring.



Athabasca Oil: Athabasca promoted COO Rob Broen to CEO, replacing Tom Buchanan.

Other International

Mulberry Group: The troubled U.K. fashion brand, named board member and former LVMH exec Thierry Andretta as CEO, ending a yearlong search for a replacement for Bruno Guillon.

Credit Suisse Group: Prudential PLC CEO Tidjane Thiam joins as the new CEO, replacing Brady W. Dougan, who will step down at the end of June 2015 after eight years as CEO of Credit Suisse.

Prudential PLC: Prudential PLC will appoint Mike Wells, head of Prudential’s U.S. unit Jackson National Life Insurance Co. since 1995, as next CEO, replacing Tidjane Thiam.

Yara International: The Norway based chemical company has appointed Svein Tore Holsether, Sapa Group CEO, as the company's new President and CEO, succeeding acting CEO Torgeir Kvidal.

VimpelCom: The Amsterdam-based company’s CEO Jo Lunder is being replaced by Jean-Yves Charlier, who most recently led the communications and media group SFR.

Halfords Group Plc: The UK Based retailer hired Jill McDonald, the head of McDonald’s Corp.’s U.K. operations, as the first female CEO.


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 6349 times Last modified on Thursday, 27 August 2020 13:28
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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