Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments, in the tech sector and overall in the 24 days ended July 5, 2015.
New Tech CEO Openings: 1 – Evernote (CA)
Total Tech CEO Roles Open: 10
New Tech CEO Appointments: 6
Sources of Tech CEO Appointments: 2 external; 4 internal promotions –iCEO (1), divisional exec (1), Others (2).
Geographic Distribution of new Tech CEOs: six in the U.S
Gender Diversity: None of six CEOs appointed were women.
All Other Industries
New CEO Openings (other industries): 12 - Reading International (CA), Urban Edge (MA), Famous Dave's of America (MN), Ogilvy & Mather (NY), Town Sports International Holdings (NY), Tredegar (VA), Sears Canada and Wi-LAN (Canada), Woolworths and Drillsearch Energy Limited (Australia), Electrolux and Loomis (Sweden)
Total CEO Roles Open: 58 (other industries)
New CEO Appointments: 48 (other industries)
Sources of Appointments (other industries): 16 were external appointments; 33 were internal promotions – COO (6), iCEO (6) divisional execs (2), President (5), board member (2), others (11)
Geographic Distribution of new CEO Appointments (other industries): US (37), Canada (2) and International (9)
Gender Diversity (other industries): Three women were appointed as CEOs - Montgomery Street Income Securities (IL), CME Clearing Europe (UK), and Episurf Medical (Sweden).
For more details, please refer to sections below on Tech CEOs wanted, Tech CEOs Appointed and Non-Tech CEOs Wanted, Non-Tech CEOs Appointed.
Vell Executive Search
Tech Companies: CEO Roles Open & CEOs Appointed
Tech CEOs Wanted
Twitter, San Francisco, CA Revenues: $1.4B
Twitter is a global platform for public self-expression and conversation in real time.
June 2015 - Richard Costolo has decided to step down as CEO of Twitter. The board has named Jack Dorsey, Co-Founder and Chairman, to serve as Interim CEO while the Board conducts a search for Twitter’s next CEO. Twitter’s Board has formed a Search Committee to lead the search and will retain a leading executive search firm to assist in conducting a global search, which will consider both internal and external candidates for the CEO position.
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.
Evernote, Redwood City, CA Funding: $290M Evernote is a suite of software and services that allow users to capture, organize, and find information across multiple platforms.
June 2015 - In a new announcement Evernote CEO Phil Libin said the company would be seeking a new CEO.
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.
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.
AirPatrol Corporation: Parent company Sysorex’s CEO Nadir Ali will replace Cleve Adams as CEO.
Dataram Corporation: The board of directors concluded its search for a permanent CEO and named iCEO David A. Moylan as Dataram's President and CEO.
IAC/InterActiveCorp: Joey Levin, formerly CEO of its Search & Applications business, was named CEO of IAC and joined its Board.
Changing Technologies: Environmental modeler and a 3D modeler at software companies and former Gravity Jack Software exec Marco Valenzuela joins as Director, CEO and President.
Bigcommerce: The Austin-based e-commerce software developer named former HomeAway President Brent Bellm as its new CEO.
Context Relevant: Stephen Purpura, founder and CEO of Seattle-based Context Relevant, has stepped down from his position, and will be replaced by board member Chris Kelley.
Other Industries: CEOs Wanted
Providence Service, Tucson, AZ Revenues: $1.5B
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
May 2015 - The Providence Service Corporation’s CEO Warren Rustand will be stepping down from his role as the CEO and as a Board Director. Providence's Chairman, Chris Shackelton, will assume the CEO role on an interim basis until a replacement is named.
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, planned to retire on May 31, 2015, but now serving 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 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.
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.
Reading International, Los Angeles, CA Revenues: $60.6M
Reading International is focused on the development, ownership and operation of entertainment and real property assets in the United States, Australia and New Zealand.
June 2015 – Reading International appointed Ellen Cotter as interim President and CEO, succeeding James Cotter, Jr. The company currently intends to engage the assistance of a leading executive search firm to identify a permanent President and CEO, which will consider both internal and external candidates.
Boulder Brands, Boulder, CO Revenues: $516.6M
Boulder Brands is a natural consumer packaged food company.
May 2015 - CEO Steve Hughes resigned. James B. Leighton, COO, will step into the CEO role on an interim basis. The company plans to conduct a national search for a new CEO and will consider internal and external candidates.
Chico's FAS, Fort Myers, FL Revenues: $2.7B
Chico’s FAS is a retailer of women’s clothing and accessories.
May 2015 - CEO David Dyer will retire next spring after taking the helm of the women’s apparel retailer in 2009. Dyer will remain CEO until a successor is appointed.
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. Molson Coors CFO Gavin Hattersley is serving as interim CEO.
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.
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. COO J. Mark Howell is interim CEO.
Tempur Sealy, Lexington, KY Revenues: $2.9B
Tempur Sealy International is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries.
May 2015 - W. Timothy "Tim" Yaggi, currently COO will serve as interim CEO of Tempur Sealy, as CEO Mark A. Sarvary resigns.
KEYW Holding, Hanover, MD Revenues: $290.5M
KEYW Holding is specialized provider of mission-critical cybersecurity, cyber superiority and geospatial intelligence solutions to United States Government defense, intelligence and national security agencies and commercial enterprises.
May 2015 - Mark Willard, KEYW’s COO has been named as interim President and CEO until a permanent CEO is appointed, as Chair and CEO Leonard Moodispaw retires.
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.
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.
Urban Edge, Boston, MA Revenues: NA
Urban Edge is a nonprofit community development corporation in the Roxbury neighborhood of Boston.
June 2015 - The new CEO will succeed Chrystal Kornegay who has recently been named Undersecretary of the Department of Housing and Community Development for the Commonwealth of Massachusetts.
Famous Dave's of America, Minnetonka, MN Revenues: $149.4M
Famous Dave's of America owns, operates, and franchises restaurants.
November 2014 - Famous Dave’s of America’s CEO Ed Rensi has stepped down after less than two years on the job, the second CEO to leave after a short time on the job. The chain has hired an executive-search firm to find a permanent replacement. Independent director Adam J. Wright is interim 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 retires. CFO Martin Reid named iCEO.
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, took over as interim CEO and has now resigned as iCEO and Chair, and remains as director. CFO Richard Szymanski is now principal executive officer.
Ogilvy & Mather, New York, NY Revenues: NA
Ogilvy & Mather is an advertising, marketing and public relations agency, owned by WPP.
June 2015 - CEO Miles Young will leave the agency after more than three decades. The agency is launching a search for his successor, considering both internal and external candidates.
Town Sports International Holdings, New York, NY Revenues: NA
Town Sports is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States.
June 2015 - Town Sports International Holdings’s President and CEO Dan Gallagher is leaving the Company. Chairman Patrick Walsh will serve as Executive Chairman while the Board conducts a search for Gallagher’s successor.
Carolinas HealthCare System, Charlotte, NC Revenues: NA
Carolinas HealthCare System is a nonprofit hospital network which operates hospitals, freestanding emergency departments, urgent care centers, and medical practices in the American states of North and South Carolina.
June 2015 – CEO Michael Tarwater announced that he’ll retire next June. The board will hire an executive search firm to help find Tarwater’s replacement.
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.
Enable GP, Oklahoma City, OK Revenues: NA
Enable GP operates as a general partner for Enable Midstream Partners, which owns, operates, and develops natural gas and crude oil infrastructure assets in the United States.
June 2015 – Chairman Peter B. Delaney, who was also OGE Energy’s Chairman and CEO, has been named interim President and CEO of Enable GP. A special committee of the Board has begun a search for a permanent CEO with the assistance of Russell Reynolds Associates.
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.
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.
Healthways, Franklin, TN Revenues: $742.2M
Healthways provides solutions to help people improve physical, emotional and social well-being.
May 2015 – Healthways CEO Ben R. Leedle, Jr. has stepped down and CFO Alfred Lumsdaine is serving as interim CEO. The process to identify a permanent CEO is being led by the Board's Nominating and Governance Committee, which will consider both internal and external candidates.
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. As of April 2015, Feehan’s retirement has been delayed by six months.
Titanium Healthcare, Dallas, TX Revenues: NA
Titanium Healthcare is an innovative health sciences company assembled in 2014 with a foundation of strategic shareholders.
May 2015 - CEO James York has been terminated. CFO Chuck Talley and COO Chris Mashburn will share the CEO duties until a new CEO is appointed.
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.
Lumber Liquidators, Toano, VA Revenues: $1.04B
Lumber Liquidators is a retailer of hardwood flooring, and hardwood flooring enhancements and accessories in North America.
May 2015 - Robert M. Lynch resigned as President and CEO. The Company intends to commence a national search for his replacement. In the interim, Thomas D. Sullivan, the Company's Founder, will serve as the acting CEO.
Tredegar, Richmond, VA Revenues: $951.8M
Tredegar Corporation is engaged in the manufacture of plastic films and aluminum extrusions.
June 2015 - The Board appointed John D. Gottwald, currently a member of the Company's Board and former CEO to serve as the Company's interim President and CEO. He replaces CEO Nancy M. Taylor who resigned.
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.
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.
Sears Canada, Toronto, ON Revenues: $2.7B
Sears Canada is a multi-channel retailer.
July 2015 – Sears Canada CEO Ronald D. Boire joined Barnes & Noble as CEO of that company's retail business. The Sears Canada board will commence a search for a new president and CEO.
Wi-LAN, Ottawa, ON Revenues: $98.3M
Wi-LAN (WiLAN) is an intellectual property licensing company.
June 2015 – CEO James (Jim) Skippen intends to retire and will stay on until such time as a suitable replacement has been identified and hired. A special committee of the Board will immediately begin the search for a new permanent CEO with the assistance of a leading search firm.
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.
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.
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.
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.
Sasol Limited, Johannesburg, South Africa Revenues: $16.3B
Sasol Limited (Sasol) is a South Africa-based international integrated energy and chemicals company.
June 2015 – SASOL president and CEO David Constable would not renew his contract beyond its expiry in 2016. The company will search both locally and internationally for a successor.
Woolworths, NSW, Australia Revenues: $45.5B
Woolworths Limited is a major Australian company with extensive retail interest throughout Australia and New Zealand.
June 2015 – Under-pressure CEO Grant O'Brien would retire after less than four years in the job. Woolworths launched a global search to replace O'Brien, who would remain in the role until a successor was appointed.
Drillsearch Energy Limited, Sydney, NSW, Australia Revenues: $289M
Drillsearch is an Australia-based oil and gas explorer and producer focused on the Cooper-Eromanga Basin.
July 2015 – Oil and gas company Drillsearch Energy’s CEO Brad Lingo will leave the company and a global search is underway to find a successor. COO Walter Simpson will take over as the acting head while candidates from Australia and overseas are considered as part of the search process.
Electrolux, Stockholm, Sweden Revenues: $13.2B
Electrolux AB is a Sweden-based company engaged in the manufacture and marketing of household appliances and appliances for professional use.
June 2015 – Swedish appliances maker Electrolux is seeking a replacement for CEO Keith McLoughlin. The American, who will be 60 next year, would step down on his own initiative.
Loomis, Stockholm, Sweden Revenues: $1.6B
Loomis AB provides various solutions for the distribution, handling, storage, and recycling of cash and other valuables primarily in the United States, Europe, and Argentina.
June 2015 – Jarl Dahlfors, President and CEO of Loomis AB, has chosen to leave his position at Loomis. The recruitment process to appoint a new CEO has begun. Dahlfors remains in his position until the end of the year at the latest.
Other Industry CEOs Appointed
Cole Capital: SVP and Chief Sales Officer William C. Miller was appointed president and CEO of Cole Capital, the investment management business of American Realty Capital Properties.
Second Sight Medical Products: Will McGuire, a 20-year veteran of the life sciences industry, has been named President and CEO of Second Sight. Comes from Volcano Corporation.
OncoCyte Corporation: The cancer diagnostics company which is a member of BioTime, appoints former Genentech and Accenture exec William Annett as CEO.
Cesca Therapeutics: iCEO Robin C. Stracey has been named CEO.
Eco Building Product: The company elected board member Tom Comery President and CEO.
SUTIMCo International: Marijuana industry leader and company shareholder Jorge Luis Saenz has been appointed the new CEO of SUTIMCo.
Solar Power: Roger Dejun Ye, currently serves as a partner in four solar funds focusing on investing in and acquiring domestic and international solar projects, is new CEO.
Novinda: The Denver-based emissions technology developer has named Michael J. Rosenberg, previously President and CEO of OPX Biotechnologies, as CEO.
Richman Tax Credits: Brian Myers, President of Richman Asset Management, was appointed CEO and President of Richman Tax Credits.
Green Earth Technologies: iCEO Walter Raquet has been named CEO.
Soltera Mining Corp.: Geologist Fabio Montanari was appointed the CEO, CFO and the Corporate Secretary of Soltera.
Hawaiian Telcom: COO Scott K. Barber has been appointed President & CEO.
Skyline Corporation: New President and CEO Richard W. Florea is former President and COO for Truck Accessories Group.
Sears Hometown and Outlet Stores: COO William Powell appointed as CEO.
Montgomery Street Income Securities: Stacey E. Hong, President of Atlantic Fund Services, the new administrator of the fund, will become the President and CEO.
Waters Corporation: President of the Restorative Therapies Group at Medtronic Christopher J. O'Connell replaces Douglas A. Berthiaume as CEO.
BIND Therapeutics: The clinical-stage nanomedicine company appointed acting CEO Andrew Hirsch as President & CEO.
Harvard Apparatus Regenerative Technology: The biotechnology company developing bioengineered organs for clinical use appointed board member James McGorry, MBA, as CEO.
MetaStat: Consultant Acting CFO Douglas A. Hamilton, 49, was appointed President and CEO.
Glacier Bancorp: Randall M. "Randy" Chesler has been named President, and will succeed Mick Blodnick as CEO.
Wells Federal Bank: Interim President and CEO James D. Moll named President, CEO and Chairman of the Board.
Caesars Entertainment: CEO designate Mark Frissora assumed CEO role formally.
Madison Square Garden: CAA partner David “Doc” O’Connor named CEO.
Twenty-First Century Fox: Co-COO and Director James R. Murdoch, 42, becomes CEO.
Pall Corporation: Parent company Danaher’s VP and Group Executive Life Sciences, Rainer Blair, will replace Lawrence D. Kingsley as CEO.
Showtime Networks: President David Nevins named CEO, as Matthew Blank continues as Chair.
Barnes & Noble: The retail chain named Ronald Boire of Sears Canada as CEO.
WBI Holdings: MDU Resources Group named former EQT exec Martin A. Fritz as president and CEO of WBI Holdings, the company’s pipeline and energy services business.
PrimeSource Mortgage: President and CEO of PSM Holdings Kevin Gadawski officially assumed the role of President and CEO of PrimeSource Mortgage, wholly owned subsidiary of PSM Holdings.
The Pep Boys: Manny, Moe & Jack: Ex-Hertz Executive Scott Sider joined as new CEO.
Riverview Financial Corp.: Robert M. Garst stepped down as CEO, replaced by President Kirk D. Fox as CEO.
Apache Corp.: John Christmann IV, 48, EVP and COO for North America, is now the new president and CEO.
Zion Oil & Gas: President & COO Victor G. Carrillo has been appointed CEO.
Global Power Equipment: iCEO Terence Cryan has been appointed new president and CEO.
Santander Consumer USA: President Jason A. Kulas named CEO.
US Virgin Islands
Altisource Residential Corporation: President George G. Ellison will replace Ashish Pandey as CEO.
The Boeing Company: President & COO Dennis A. Muilenburg will replace W. James McNerney, Jr. as CEO. McNerney continues as Chairman.
Cellectar Biosciences: EVP, COO and Co-Founder of HIP Innovation Technology, James V. Caruso, as President and CEO.
Colliers International: Jay S. Hennick, founder and most recent CEO of FirstService Corporation - the former parent company of Colliers, is now Chairman and CEO.
Urban Barns Foods: Horst Hueniken, 57, who has been the Secretary and Treasurer of the Company, has been named CEO.
Eaton Corp.: Craig Arnold, 55, a veteran executive who headed Ireland based Eaton’s industrial sector businesses, will succeed Alexander Cutler, 64, as chairman and CEO in 2016 when he retires.
CME Clearing Europe: CME Group's European multi-asset class clearing house promoted MD and COO Tina Hasenpusch to CEO.
China Digital TV Holding Co.: Jianhua Zhu, co-founder of China Digital TV and a director, has been named CEO.
TCP International Holdings: Lighting industry leader and former Philips exec K.R. "Kaj" den Daas will assume the role of CEO replacing Ellis Yan.
Trifast: The UK based manufacturing company appointed Group Finance Director Mark Belton as CEO.
Episurf Medical: The Sweden based company appointed Rosemary Cunningham Thomas, CEO of UK-based ToHealth, as new CEO.
Barry Callebaut: The Swiss chocolate maker has appointed Unilever food business head Antoine de Saint-Affrique as its new CEO, replacing Juergen Steinemann.
Vodafone Germany: Vodafone Germany appoints Hannes Ametsreiter, who resigned unexpectedly from Telekom Austria recently, as its new CEO.
Deyu Agriculture: The China based company named VP Yunlin Ding 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)
$1b CFO Media Company
$60m SaaS to Retail Industry Company: VP North America (now SVP Sales)
VP Product Management, $120m SaaS Co.
Chief Technology Officer (CTO) and Chief Product Officer (CPO), $100m Mortgage Software company
VP & GM, Transportation and Logistics Software (SaaS, large public co.)
VP & GM, SMB (SaaS, large public co.)
CMO, SaaS Software Company
Dora Vell - Managing Partner
Dal Coger – Vice President
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Earl Stephens - Business Manager
Ajanta Banerjee – Business Research Associate
Tori Agel – Marketing Coordinator