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Thursday, 14 May 2015 00:23

67 Open CEO Roles & 49 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: April 8 to May 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 33 days ended May 10, 2015.  Some observations (according to Liberum):

April 2014 Compared to April 2015:  For April 2015 declines in turnover occurred in three of the four key categories.  CEO changes increased 7% from April a year earlier whereas CFO changes declined 4%, C-level changes declined 9%, and board of director changes declined 12%.  

March 2015 Compared to April 2015:  The month to month changes in executive turnover was bit more mixed. CEO changes declined 9%, CFO changes declined 5%, whereas C-level changes increased 2% and board of director changes increased 14%.            

April 2015 Management Change Stats

C-Level Management Change Stats -  1270 in  Drugs/Biotech - 136;  Banking - 96; Energy - 75

CEO Changes - 163 in the following sectors Banking (16), Energy (16), Drugs/Biotech (14), Manufacturing (11)

CFO Changes - 161. Drugs/Biotech - 22; Business Services - 11; > Health Services - 10;  Manufacturing - 10

Board Changes - 435.  Drugs/Biotech - 56; Energy - 34;  Banking - 31 

CEO Stats In this Newsletter- Technology Industry

New Tech CEO Openings: Two – Atmel Corporation (CA) and Viewpoint Construction Software (OR)

Total Tech CEO Roles Open: 12

New Tech CEO Appointments: 11

Sources of Tech CEO Appointments: 3 external; 8 internal promotions –iCEO (1), Chair (1), COO (1), Others (5).

Geographic Distribution of new Tech CEOs:  9 in the U.S., one in Canada, and one international

Gender Diversity: None of 11 CEOs appointed were women.

CEO Stats in this Newsletter - All Other Industries

New CEO Openings (other industries): 8 - Fuel Systems Solutions (CA), United Stationers and Sears Hometown and Outlet Stores (IL), Angie’s List (IN), ARIAD Pharmaceuticals and Harvard Apparatus Regenerative Technology (MA), Triumph Group (PA), and Reuters (UK)

Total CEO Roles Open: 55 (other industries)

New CEO Appointments: 38 (other industries)

Sources of Appointments (other industries): 13 were external appointments; 25 were internal promotions – COO (8), COO & CFO (1), CFO (3), board members (3), iCEO (2), divisional execs (4) others (4)

Geographic Distribution of new CEO Appointments (other industries): US (30), Canada (2) and International (6)

Gender Diversity (other industries): Three women were appointed as CEOs - Canon U.S. Life Sciences (MD), SunEdison (MO), and Occidental Petroleum (UT)

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


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.

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.

Atmel Corporation, San Jose, CA                                                                                                                               Revenues: $1.4B                   Atmel is engaged in designing, developing and supplying of microcontrollers.

May 2015 - Steven Laub, president and CEO of microcontroller vendor Atmel Corp., plans to step down Aug. 31, according to the company. Atmel said its board will conduct a search for Laub’s successor. Both internal and external candidates will be considered.


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.


Viewpoint Construction Software, Portland, OR                          Revenues: Private
Viewpoint Construction Software makes software for the global construction market.

April 2015 – CEO Jay Haladay is leaving the company and would stay on the board. The day-to-day business will be conducted by president Jim Paulson until a permanent replacement is found.


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

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.

Tech CEOs Appointed


Cisco Systems: SVP of Worlwide Ops Chuck Robbins replaces John Chambers as CEO. Chambers will continue to serve as Chairman.

Guidance Software: EMC’s SVP and COO – Products and Marketing Patrick Dennis appointed as Guidance’s President and CEO.

Zynga: Current CEO Don Mattrick will depart, while Mark Pincus, Zynga's founder and chairman, will return to the role of CEO.

Extreme Networks: Board Chairman Ed Meyercord has been named as its President and CEO, replacing Chuck Berger.


Internap Corporation: Board member Michael A. Ruffolo is now president and CEO of the internet infrastructure company.


Allegro Development Corporation: The company that develops software used for commodity risk management named Frank Brienzi, President and Chief Sales Officer of Misys, as its new CEO.

Datical: The startup developer of database change management software named Derek Hutson as its President and CEO; Hutson was previously President of Hart InterCivic.


F5 Networks:  F5's EVP of Strategic Solutions Manny Rivelo named CEO.

Kymeta: The antenna technology developer named founder, President, CTO & iCEO Dr. Nathan Kundtz as the company's CEO.


Epcylon Technologies: Jack J. Bensimon, a seasoned securities law / banking law professional in the securities industry, named CEO and Director.


Alibaba Group: COO Daniel Zhang will become CEO of the China based ecommerce giant.

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. 

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 has tendered his resignation as President and CEO and that in conjunction with his resignation, he will be transitioning to a consulting position with the Company. 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.

Fuel Systems Solutions, Santa Ana, CA                                                     Revenues: $339.1M
Fuel Systems Solutions designs, manufactures and supplies alternative fuel components and systems for use in the transportation, industrial markets and refueling applications across the world.

May 2015 – Mariano Costamagna, CEO of Fuel Systems Solutions, plans to retire from this position by the end of 2015 after ten years of service to the Company. The Board has appointed a search committee to commence a search for a new CEO.


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 - The St. Joe Company announced that its CEO, Park Brady, will be retiring. he 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.


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 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 - 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. 

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.

United Stationers, Deerfield, IL                                                              Revenues: $5.3B
United Stationers is a wholesale distributor of business products.

May 2015 - United Stationers President and CEO P. Cody Phipps, has resigned to pursue another opportunity. Board member Robert B. Aiken Jr. is now interim president & CEO.

Sears Hometown and Outlet Stores, Hoffman Estates, IL                           Revenues: $2.35B
Sears Hometown and Outlet Stores is a retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment.

April 2015 - W. Bruce Johnson, CEO and President, will leave the Company. The Board has commenced a search for a new CEO and has retained Heidrick & Struggles, a leading global executive search firm, to assist the Board in identifying and evaluating external and internal candidates. 


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.

Angie’s List, Indianapolis, IN                          Revenues: $315M
Angie’s List operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.

April 2015 - Angie’s List co-founder and CEO William Oesterle will step down to pursue other interests. Angie’s List has hired an executive-search firm to assist with finding a new CEO.


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.

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.

ARIAD Pharmaceuticals, Cambridge, MA                                                        Revenues: $105.4M
ARIAD Pharmaceuticals is a global oncology company engaged in the discovery, development and commercialization of medicines for the cancer patients.

April 2015 - Harvey J. Berger, 64 will retire from the cancer drug company he founded, when a successor is named or by Dec. 31 at the latest, after reaching a settlement with the Connecticut hedge fund. The board has begun a search for a new CEO.

Harvard Apparatus Regenerative Technology, Holliston, MA                  Revenues: NA
Harvard Apparatus Regenerative Technology. is clinical stage regenerative medicine company developing life-saving medical devices.

April 2015 - David Green has resigned as CEO, President and Chairman. The Board has begun the search for a new President and CEO that has the skills and experience to lead HART through clinical trials and commercialization with respect to its product candidates. CFO Thomas McNaughton is interim CEO.


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. 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.

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 retires. CFO Martin Reid named iCEO.

New York

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.

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.   


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

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

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.

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.

Triumph Group, Berwyn, PA                                             Revenues: $3.9B
Triumph Group is an aerospace systems and components company. It is a supplier for aerospace giants such as Boeing and General Dynamics’ Gulfstream business.

May 2015 - The aerospace systems and components company appointed its founder Richard C. Ill as President and CEO replacing Jeffry D. Frisby, as the company seeks a permanent CEO.


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.


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, D.C.

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.

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. Chief Financial Officer Werner Baumann, 51, will become chief strategy and portfolio officer, and Johannes Dietsch, 52, a senior manager of Bayer’s Chinese operations, will become CFO.

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 had begun a process to appoint his successor after 33 years at the company.

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.

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.

Reuters, London, U.K.                                                                                                                           Revenues: NA                                         Reuters is an international news agency headquartered in Canary Wharf, London, England, United Kingdom and a division of Thomson Reuters.

April 2015 – Andrew Rashbass, Reuters’ CEO, is leaving the company to become executive chairman of Euromoney. Steven Adler, Reuters editor-in-chief, would take on Rashbass’ role in the interim, but is taking his name out of the running for CEO. Thomson Reuters has started its search for a new CEO of Reuters.

         Other Industries: CEOs Appointed


Wesco Aircraft Holdings: UTC Aerospace Systems exec David J. Castagnola joins as president and CEO.

Active Health Foods: Consultant to the company John Griffin has been appointed Active Health Foods’ new CEO.

Zogenix: The pharmaceutical company appointed its President Stephen J. Farr, Ph.D., to replace Roger L. Hawley as CEO.

Energy Recovery: CFO Joel Gay is now Chief Executive Officer and a member of its Board.

SeaSpine Holdings: Former NuVasive exec Keith Valentine is the new CEO of SeaSpine Holdings Corporation, which will be an independent, publicly traded company following the completion of its spin-off from Integra.


A.M. Castle & Co.: Board member Steven Scheinkman has been appointed to the position of President and CEO, succeeding Scott Dolan, who resigned to pursue other interests.

IF Bancorp: Senior EVP and COO Walter H. Hasselbring, III, has been designated to become President and CEO upon Alan D. Martin’s retirement.


T. Rowe Price Group: CEO James A.C. Kennedy of the money management firm, will step down at the end of the year. Head of Equity William J. Stromberg takes up as CEO from 2016.

Canon U.S. Life Sciences: Previously VP and COO Akiko Tanaka is now president and CEO of Canon U.S. Life Sciences.


Synta Pharmaceuticals: EVP & COO Chen Schor has been named President, CEO and a Director of the Company.


Meritor: The automobile components company promotes COO Jeffrey A. (Jay) Craig to CEO.


Otter Tail: The energy company named its President & COO Chuck MacFarlane as President & CEO.

Table Trac: iCEO Brian Hinchley appointed to the position of CEO permanently.


SunEdison: Energy and environmental sector specialist Cathy Zoi has been appointed CEO responsible for developing SunEdison's rural electric utility company.

New Jersey

John Wiley & Sons: President and CEO Stephen M. Smith is being replaced by EVP and COO Mark Allin as his successor.

Nephros: The medical device company named board member and life sciences veteran Daron Evans as President and CEO, replacing acting CEO Dr. Paul Mieyal, who will remain as a board member.

Church & Dwight: COO & CFO Matthew T. Farrell promoted to CEO.

New York

Coty: Consumer-goods industry veteran Elio Leoni Sceti, 49, joins the beauty-products company as new CEO.

Prestige Brands Holdings: CFO Ron Lombardi will succeed Matthew M. Mannelly as President and CEO. The company has commenced a search for a new CFO.

Balchem Corporation: Ashland exec Theodore (Ted) L. Harris replaces Dino A. Rossi as President & CEO. Rossi will remain Chairman of the Board.

CTPartners: COO David C. Nocifora was elected by the board as CEO.

Barington/Hilco Acquisition: CEO James A. Mitarotonda will continue to serve as Chairman, while Cory Lipoff, recognized expert in bankruptcy, corporate reorganization and restructurings, is new CEO.

Mullen Lowe Group: Alex Leikikh, Mullen's CEO, will become worldwide CEO of the Mullen Lowe Group (the result of a merger of Mullen and Lowe & Partners).


Cheviot Financial: Interim president and CEO Mark Reitzes named permanent leader of Cheviot Financial Corp.


West Pharmaceutical Services: Eric M. Green, 45, EVP and President of the Research Markets business unit at Sigma-Aldrich, joins as CEO.


American National Insurance Company: American National Insurance Company named President and COO James E. Pozzi, 64, as President and CEO.


Lifevantage: Darren Jensen, most recently President of the Americas and Chief Sales Officer at Jeunesse Global, a consumer care company, has been named President and CEO.

Occidental Petroleum: The company promoted Vicki A. Hollub to Senior EVP of Occidental and President – Oxy Oil and Gas, and will succeed Stephen I. Chazen as CEO of Occidental after a thorough transition period.


AmpliPhi BioSciences: CEO of Aspyrian Therapeutics M. Scott Salka has been appointed as the new CEO, replacing Interim CEO and Chairman Jeremy Curnock Cook.

Trex Company: James E. Cline, currently SVP and CFO of Trex, named as president and CEO.


Gran Tierra Energy: Gary Guidry is the new president and CEO, and is known for running other companies such as Caracal Energy, Orion Energy and Tanganyika Oil Co.

Gold Reach Resources: Former President/CEO of True Gold Mining Dwayne L. Melrose has joined President and CEO.

Other International

Knot Offshore Partners: Board member John Costain has been named as the new CEO and CFO.

Transocean: The Switzerland based company named Jeremy Thigpen, CFO of National Oilwell Varco, as CEO.

Rolls-Royce: The London based company’s CEO John Rishton will retire, to be succeeded by Warren East, the former leader of Britain's ARM Holdings.

Volvo: The Sweden based company appointed Martin Lundstedt, head of Volkswagen-owned Scania, as its CEO. Lundstedt will replace Olof Persson who has led the Group for almost four years.

Kamada: The Israel based biopharmaceutical company appoints SVP of BD, Amir London, as CEO.

Prudential PLC: Board member and President and CEO of Prudential’s subsidiary Jackson National Life Insurance Company, Mike Wells, to succeed Tidjane Thiam as Group 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 4263 times Last modified on Thursday, 13 August 2020 10:14
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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