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Tuesday, 16 February 2016 03:45

80 Open Tech CEO Roles and 82 Recent Tech CEO Appointments Featured

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Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the 34 days ended January 31, 2016. 

CEO Stats In this Newsletter - Technology Industry

New Tech CEO Openings: 16 - United Online, CU Cooperative Systems (CA); Imagination TV, HempTech (FL), Perceptron (MI); Schmitt Industries (OR); Ominto (WA); Blue Star Infotech, Panoramic Universal Limited, Micromax (India); Nexgram (Malaysia); Bull Will (Taiwan); Xchanging plc, Pinnacle Technology Group plc, Nektan plc (UK).

Total Tech CEO Roles Open: 80

New Tech CEO Appointments: 82

Sources of Appointments: 48were External appointments, and 34 were internal promotions – Board Member (8), President (5), COO (4), Divisional Execs (3), Chair (3), iCEO (1), Co-Founder (1), Others (9)

Diversity: One out of 82 CEOs appointedwas a woman - SCI Engineered Materials (OH).

Geographic Distribution36 in the US, three in Canada and 43 International appointments.

According to Liberum, CEO Changes in January increased 18% from January a year earlier. The month to month changes in executive turnover was a reverse, as CEO changes declined 1%. Top industry sectors for maximum CEO turnover were Drugs/Biotech, Energy, Banking and Metals/Mining.

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

MTN Group Limited, Gauteng - $11.81B - November 2015      
MTN announced resignation of Sifiso Dabengwa as CEO of the company due to problems in Nigeria, where the company's subsidiary has been hit with a $5.2 billion fine.

Atmel Corporation, San Jose, CA -  $1.4B , May 2015
Steven Laub, president and CEO of microcontroller vendor Atmel, 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.

Salt Mobile SA, Switzerland - $1.4B, December 2015    
Swiss mobile operator Salt CEO Johan Andsjo has resigned, with immediate effect. The board of directors has appointed Pierre-Alain Allemand as the company's interim CEO. Allemand has been at Salt since the recent change of ownership. A search for Andsjo's successor has been initiated.

Pelephone Communications, Israel - $1.03B, October 2015 
Gil Sharon, CEO of Pelephone, announced that he was ending his tenure after ten years as CEO of the company, following his upcoming appointment as CEO of Discount Investment Corporation. Sharon will be leaving Pelephone in three months, after transitioning the role to his successor.

Black Box, Pennsylvania - $964.4M, December 2015     
Black Box Corporation announced that Michael McAndrew will be stepping down as the President and CEO of the company, effective upon the appointment of his successor. Mr. McAndrew will remain available to ensure a smooth transition. The Nominating & Governance Committee of the Board is in charge of succession planning and has engaged a national executive search firm to conduct an external search for candidates.

Shutterfly, California - $921.4M, December 2015
Shutterfly announced that Jeffrey Housenbold plans to step down from his roles as president, chief executive officer and member of the company’s Board of Directors to pursue other opportunities, effective from February 2016.
The board has hired executive search firm Spencer Stuart to seek a new CEO.

Xchanging plc, UK - $836.00M, January 2016
Ken Lever intended to retire from his role as CEO and from the Board of Xchanging plc. Ken Lever ceased be a Board Director and employee of the Company at the close of business on 31 December 2015.

Shanda Games Limited, China - $714M, November 2014     
Yingfeng Zhang has been appointed as acting CEO and the Board will begin a global search for a permanent successor.

Imation, Minnesota - $678M, October 2015
Imation announced that Bob Fernander, an existing member of the company’s Board of Directors, has been appointed as Interim CEO.

3D Systems, South Carolina - $670.2M, November 2015
3D Systems Corporation announced that Avi Reichental has stepped down as President and CEO and as a Director of the Company, effective at the close of business on October 28, 2015, by mutual agreement with the company's Board of Directors. Andrew Johnson will serve as Interim President and CEO, in addition to his continued role as Chief Legal Officer.

Kulicke and Soffa Industries, Singapore - $612M, October 2015                        
Bruno Guilmart that he will step down as President, CEO and as a Director of the company effective immediately. The Board has named Jonathan H. Chou, Kulicke & Soffa’s SVP and CFO, to fill the role of interim CEO and it has formed a committee to conduct a search for a permanent successor among external and internal candidates.

TeleCity Group, London - $529.6M, 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.

UXC Limited, Victoria - $529.4M, November 2015         
UXC Limited announced that Managing Director & CEO, Cris Nicolli has informed the Board of Directors of his intention to retire in 2016. A succession planning process has been in place for some time to enable the Board of Directors to choose Nicolli's successor and both internal and external candidates have been considered for the role.

QLogic, Aliso Viejo, CA - $520.2M, August 2015                         
QLogic appointed Christine King as executive chairman and Jean Hu as acting CEO. Hu has served as SVP and CFO since 2011 and will continue in that role and retain her CFO responsibilities while serving as acting CEO. Prasad Rampalli has resigned his positions as president and CEO in order to pursue other opportunities

Blucora, Bellevue, WA - $516.8M, October 2015
Blucora announced that Bill Ruckelshaus will resign his position as President and CEO when a permanent successor has been identified.  At the time of his transition, Mr. Ruckelshaus will assume the role of Vice Chairman of the Board of Blucora.

TiVo, California - $480.6M, November 2015        
TiVo announced that Thomas S. Rogers, its current CEO and president, will be stepping down from that role effective on the earlier of January 31, 2016 or upon the appointment of his successor.

SDL plc, Berkshire, UK  - $417M, October 2015   
SDL plc announced that its founder and CEO Mark Lancaster will be stepping down from the Board and his role as CEO of the Company with immediate effect and will be leaving the Company on October 31, 2015. The Board will appoint shortly an International Search firm to identify suitable candidates for the position of CEO. In the interim period, David Clayton, currently Non-Executive Chairman of SDL will assume the role of Executive Chairman.

5N Plus, Quebec - $366.4M, November 2015      
5N Plus announced that Jacques L'Ecuyer has informed the board of directors of the company of his desire to step aside from his current position of president and CEO. He will remain as President and CEO until the new President and CEO has been appointed by the board of directors.

FARO Technologies, Florida - $330.4M, November 2015
FARO Technologies announced that Jay Freeland plans to step down as President and CEO and member of the Board of Directors. Freeland will remain in his current role until a successor is appointed. Freeland is leaving to pursue other business and personal interests.

United Online, California - $204.40M, January 2016
United Online reported that its Board of Directors has appointed Jeff Goldstein as the company's Interim CEO, effective January 11, 2016. The company noted that in connection with Goldstein's appointment, Howard Phanstiel has resigned as its Principal Executive Officer, effective January 10, 2016.

CU Cooperative Systems, California - $201.20M, January 2016
COOP Financial Services announced that President/CEO Stan Hollen will be retiring from the company in May 2016, and that the Board is already conducting a search for a successor. Hollen will continue to provide strategic support to the COOP Board and the new President/CEO after stepping down. Hollen will retire on May 31, 2016, following the company's 2016 annual meeting of shareholders earlier in the month.

Automated Systems Holdings, Hong Kong - $194.7M, September 2015                
Leung Tat Kwong, Simon has resigned as an Executive Director and the CEO of the Company with effect from 1st October 2015; Wang Yueou has been appointed as the Acting CEO of the Company with effect from 1st October 2015 and continues to act as an Executive Director and the Joint Company Secretary of the Company.

Exar,  Fremont, CA  $171.8M, October 2015
Exar Corporation announced that its Board of Directors has appointed Chairman of the Board, Richard L. Leza, as interim President and CEO. Mr. Leza's appointment follows a mutual agreement by the company's Board of Directors and Louis DiNardo that he will step down as President and CEO and as a member of the Board of Directors.

Speed Commerce, Texas - $140.6M, December 2015   
On December 17, 2015, Speed Commerce announced that Dalton Edgecomb was appointed as its Interim CEO and Interim President, and Bruce Meier was appointed as its Interim CFO. Mr. Edgecomb is a principal of Winter Harbor, LLC and has more than 20 years of experience advising companies through cash management and cost reduction, capital structure refinancing, crisis management and business plan development for restructuring purposes.

Capinfo Company Limited, Beijing - $130.5M, November 2015
The board of directors of Capinfo Company Limited announced that due to change of work allocation, Dr. Wang Xu has tendered his resignation as Chairman, executive director, CEO and chairman of Nomination Committee and Strategy Committee of the company which will be effective when a new Chairman is elected by the Board. Dr. Wang Xu confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Q-Free ASA, Norway - $99.2M, November 2015 
In a board meeting in Q-Free ASA held on November 3, 2015 the board approved the step down of Thomas Falck as CEO of the company with immediate effect. CFO Roar is appointed as interim CEO in the company.

Wi-LAN, Ottawa, Ontario - $98.3M, 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.

Avanza Bank Holding AB, Sweden - $94.5M, December 2015
Avanza announced that its CEO Martin Tiveus intends to leave his position. He will remain in his current role during his six months period of notice. Martin Tiveus became CEO of the company in 2011.

Omesti Berhad, Malaysia - $92.7M, December 2015     
Omesti Berhad announced that Gan Nyap Liou alias Gan Nyap Liow, Managing Director will resign. The effective date is December 31.

Perceptron, Michigan - $78.30M, January 2016
Perceptron announced that the board of directors of the company appointed current Board Chair W. Richard Marz as interim president and CEO. Mr. Marz will continue to serve as chairman of the board. Mr. Marz succeeds Jeffrey M. Armstrong, who resigned his roles as director, president and CEO of the company, effective January 26, 2016. The Board of Directors will initiate a search to identify a new president and CEO of the Company. Mr. Marz will serve as interim president and CEO until a successor is appointed.

Eyang Holdings Group, Hong Kong - $74.6M, November 2015 
EYANG Holdings announced that Chen Weirong, Chairman has resigned. The effective date is November 05, 2015. As Mr. Chen has disposed of his entire indirect shareholding interest in the company and ceased to be a substantial shareholder of the company, Mr. Chen resigned as the Chairman, the CEO and an Executive Director of the company with effect from 5 November 2015.

Daiwa Associate Holdings, Malaysia - $68.5M, November 2015        
The board announced that Mr. Hui Lap Shun John, an executive Director of the company, has been appointed as the chairman of the company and the acting CEO with effect from November 25, 2015.

RTX A/S, Denmark - $52.7M, December 2015    
Current CEO, Flemming Hynkemejer, will step down at the end of the year. The current strategy will be continued. CFO, Jacob Vittrup, is appointed temporary CEO when Flemming Hynkemejer steps down. A process to find a long-term replacement has been initiated.

Mesiniaga Bhd, Malaysia - $50.9M, December 2015      
Mesiniaga Berhad announced that Mohamed Fitri Bin Abdullah, managing director will resign. The effective date is January 01, 2016.

GuestLogix,  Toronto, Ontario - $50M, September 2015                    
GuestLogix announced that Brett Proud has advised the Board that effective immediately he is retiring from his position as CEO and Director. Proud has agreed to remain available to the Board and management in a consultative role through the end of the year. A special committee of the Board has begun the search for a new permanent CEO. In the interim, Chairman Louis Belanger-Martin will play a larger role in both the strategic direction of the business, as well as the oversight of critical client and partnership relationships.

Blue Star Infotech, India - $43.40M, January 2016
Blue Star Infotech announced that at its board meeting held on January 27, 2016, the board has accepted the resignation of Mr. Sunil Bhatia as CEO and MD. The board also approved the resignation of Mr. Aloke Ghose, as CFO and Company Secretary. Mr. V. Sudarshan was appointed as CFO and Company Secretary, effective January 27, 2016. He has also been appointed as Compliance Office, effective January 27, 2016.

Lantronix, California - $42M, November 2015    
On November 18, 2015, Kurt Busch resigned as President and CEO of Lantronix Mr. Busch also resigned as a member of the Board of Directors of the company and withdrew himself as a nominee for director at the company's AGM scheduled to be held on November 19, 2015. The Board appointed Jeremy Whitaker, as interim CEO of the company, while the Board finalizes the search for a new CEO.

Fireswirl Technologies, Vancouver, BC - $41.2M, September 2015                    
Fireswirl Technologies announced that Tony Lau has resigned as the CEO, President and CTO of the company and as a member of the company's board of directors. Lawrence Ng has been appointed to replace Lau as the company's Interim CEO and has been appointed to the board.

Bull Will Co., Taiwan - $41.00M, January 2016
Serial System announced resignation of Mr. Peter Ho I Chin as Executive Chairman and Group CEO of Bull Will Co., Ltd, effective from January 07, 2016.

Elephant Talk Communications, New York - $33.2M, November 2015
Elephant Talk Communications appointed Robert H. Turner as Executive Chairman and Tim Payne, the current President of Elephant Talk North America, as interim CEO. Together, both appointees will be responsible for managing and growing Elephant Talk's global operations. Mr. Steven van der Velden has stepped down as Chairman, CEO and a director of the Company.

Act-On Software, Oregon - $24.9M, October 2015
Act-On Software's CEO and Chairman Raghu Raghavan is stepping aside from the company. Raghavan, who will still be involved with the company, said a new CEO will be named soon. Prior to Act-On, Raghavan helped to start California-based Responsys.

Daegis, Texas - $23.7M, November 2015 
Daegis announces management changes with the terms of the merger agreement and effective as of the effective Time on November 23, 2015. Timothy P. Bacci and Susan K. Conner were removed from the positions of CEO and CFO, respectively, of the company.

Publishing Technology, Oxfordshire - $21.4M, September 2015                    
Publishing Technology PLC announced that after careful consideration, the Board announced that Michael Cairns has stepped down as CEO with immediate effect and will be replaced as acting CEO by the company's current CTO David Montgomery.

Ominto, Washington - $21.30M, January 2016
On January 26, 2016, Ominto accepted the resignation of its CEO/President Ivan Braiker and its CFO Tom Virgin. Mr. Braiker also resigned from his position as a director of the company. Mr. Mitchell Hill, who is currently a director of the company and has served as Chairman of the Audit Committee since June 2015, was appointed Interim CEO by the Company's Board of Directors as of January 26, 2016. Michael Hansen, the company founder and largest shareholder, will continue as a director. He will also continue to guide the leadership of the company as its visionary and chief strategist while he concentrates on building and developing the sales and marketing forces of Ominto subsidiary companies worldwide. David C. Pollei will also continue as Ominto's Chairman of the Board.

Panoramic Universal Limited, India - $21.20M, January 2016
Panoramic Universal has announced that Mr. Babu Iyer, Managing Director of the Company has vide his letter dated January 29, 2016 intimated about his intention to resign as Director from the Board of the Company and as Managing Director of the Company as well as Committees of the Board in which he is a member due to his Medical issues. His resignation shall be considered by the Board in its ensuing meeting on February 09, 2016 and if accepted he will cease to be director and Managing director of the Company with effective form close of business hours of February 09, 2016.

Bridgeline Digital, Massachusetts - $20.4M, November 2015   
Bridgeline Digital announced that its founder, President & CEO, Thomas Massie, has completed the company's transition from a service only business model to a iAPPS business model, and effective December 1, 2015 he will resign as President & CEO to pursue other opportunities. The Board will create a temporary 'Office of the CEO Office' whereby Bridgeline's current COO, Roger 'Ari' Kahn and EVP & CFO, Michael Prinn, will act as Interim CEOs. Each Mr. Kahn and Mr. Prinn will continue in their respective roles while assuming the responsibilities of the Office of CEO until a successor is named by the Board.

Ground Properties, Hong Kong - $16.7M, November 2015      
Ms. Chai Xiu had tendered her resignation as the CEO of the Company with effect from 10 November 2015 in order to devote more time on her other business commitment. Ms. Chai will remain as an executive director and the chairman of the Company. The Company is in the process of identifying a suitable candidate to assume the role as CEO and further announcement in this regard will be made as and when appropriate.

Posera-HDX Limited, Toronto, ON - $16.1M, September 2015                    
Posera-HDX announced that Paul K. Howell has stepped down as CEO effective immediately. Mr. Howell will continue as a director of the company. An interim CEO will be appointed as soon as possible.

Corum Group Limited, Australia - $13.8M, November 2015     
Corum Group Limited announced that David Tonuri has resigned from his positions of Managing Director and CEO with immediate effect. Current CFO, David Clarke, has assumed the position of interim CEO. David will hold this position for the time necessary for the board to undertake a search process for a new CEO.

Schmitt Industries, Oregon - $13.00M, January 2016
Schmitt Industries announced that on January 8, 2016, James A. Fitzhenry, the President and CEO of the company tendered his resignation as an officer of the company, including any positions held with any of the company's subsidiaries. Mr. Fitzhenry will retain his position as a director of the company. On January 8, 2016, the company appointed board member David M. Hudson as its Interim President and CEO.

Pinnacle Technology Group plc, UK - $11.90M, January 2016
Pinnacle Technology Group plc announced that Nicholas Scallan, CEO, intends to step down from the Board at this year's Annual General Meeting proposed to be held on 23 March 2016. He will remain as CEO until this time. As announced on 7 December 2015, James Dodd will also step down as a non-executive director at the time of the AGM.

Asdion Berhad, Malaysia - $2.34M, November 2015     
Asdion Berhad announced that Tai Tee Yap, CEO has resigned. The effective date is November 11, 2015.

Sitestar, Virginia - $1.99M, December 2015       
On December 14, 2015, the Sitestar Corporation board of directors terminated Frank Erhartic for cause from his position as president and CEO of the company effective immediately. Mr.  Erhartic also agreed to resign his position as a director of the Company effective immediately. The board has appointed Steven L. Kiel as interim president and CEO. Steven L. Kiel, 37, is the founder and president of Arquitos Capital Management.

Nektan plc, UK - $0.83M, January 2016
Nektan plc announced the resignation of David Gosen as CEO effective from the end of January 2016. Mr. Gosen has decided to resign from the Board to explore new opportunities. Gary Shaw, currently Executive Chairman of Nektan, will assume the role of interim CEO whilst the Board of Nektan undertakes a search for a permanent replacement.

OTCO International, India - $0.45M, November 2015   
OTCO International  announced that Ms. Chinnamma Pullatu Mathew is re-designated as Non-Executive & Non-Independent director from her existing position as executive & non-independent director and CEO of the company. She is not holding the post of CEO hereafter.

Zaio Corporation, Alberta - $0.43M, November 2015    
ZAIO announced that David King has been terminated from his position as President and CEO by the Board of Directors. Joel Strickland, Chairman of the Board has been appointed interim CEO, and Phil Wazonek, currently a Zaio Director has been appointed interim President and COO.

Agritek Holdings, Colorado - $0.03M, November 2015  
On November 4, 2015, Justin Braune resigned as the CEO and as the sole member of the Board of Directors of Agritek Holdings. B. Michael Friedman will act as interim CEO, and sole member of the board, and shall serve until the 2016 annual meeting of stockholders and thereafter, until his respective successor is duly elected, qualified and practicable to replace Mr. Friedman. Mr. Friedman was previously the company's CEO from 2009 until he was replaced by Mr. Braune in March 2015.

Primary Opinion, United Kingdom - $0.01M, December 2015   
Primary Opinion Limited announced that Mr. Martin Burke has tendered his resignation as CEO & Managing Director of the company effective 10 December 2015. Mr. Burke will continue to assist the board for the next 3 months to ensure a smooth transition of the Australian operations.

BreedIT Corp., New York - $0.01M, November 2015    
On November 10, 2015, the board of directors of BreedIT Corp. accepted the resignation of Mr. Yoel Yogev as the company's CEO and a director, effective November 10, 2015. Mr. Yogev stated that the reason for his resignation was to permit him to pursue other business interests. Mr. Itschak Shrem, who has served as the company's chairman since December 31, 2013, has been appointed as interim CEO and will continue to serve as chairman of the company's board of directors.

Kronologi Asia Berhad, Selangor, Malaysia -  October 2015                   
Kronologi Asia Berhad announced appointment of Mr. Teo Chong Meng Philip Dominic (Executive Director) as Acting CEO and Mr. Tan Wee Seng Gerard (Independent Non-Executive Director) as Non-Executive Chairman.

NETIA SA,  Poland, October 2015  
Netia announced Boguslawa Matuszewska's term as temporary president of its management board (CEO) expired on 06 October. As a member of the company's supervisory board, she was appointed temporarily to perform the duties of the CEO with effect from 06 July for no longer than three months. Netia also announced that she resigned her membership of the company's supervisory board with effect from 06 October.

Wall Street Media Co., New York, NY - October 2015                          
Wall Street Media Co. announced that Jerrold D. Burden immediately resigned as the sole director, CEO, President, Principal Executive Officer and Principal Financial Officer of the company. The company also announced that Jeffrey A. Lubchansky was appointed as the company's sole officer and director, serving as the company's interim CEO, President, Principal Executive Officer and Principal Financial Officer.

Epcylon Technologies, Toronto, ON - September 2015
Effective on September 22, 2015, the board of directors of Epcylon Technologies accepted the resignation of Jack J. Bensimon as the CEO and member of the board of directors of the company. Gary Schwartz, as director of lead strategies on behalf of the company, will be overseeing the day-to-day operations of the company until a replacement for CEO has been appointed.

HashingSpace, Los Angeles, CA - September 2015                    
Timothy M. Roberts resigned as the Chairman and CEO. No replacements announced yet.

eMoney Advisor Conshohocken, PA - September 2015
Michael R. Durbin named interim CEO of eMoney Advisor. The move follows the decision by eMoney Advisor's founder, Edmond Walters, to step out of his CEO role and leadership position, following 15 years with the company. * Not clear if they are looking for external candidates for permanent CEO role.

Gilat Satellite Networks, Israel - 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.

Research Now Limited, Greater London - October 2015
Research Now announced it will begin the process to identify a successor to the company's President and CEO, Kurt Knapton. Mr. Knapton, a pioneer and catalyst in the online survey data collection space, who returned to the company as its President and CEO in 2011, will remain on the Board of Directors following the identification of and transition to his successor. The announcement that Knapton was tendering his resignation to the Board was made on October 13, 2015 to all company employees.

AKADO Group , Moscow, Russia - October 2015                    
Dmitriy Dronov has resigned from the position of CEO and president of the Akado group after working there for only four months. Nikolay Kuzmenko has been appointed acting CEO and president of the group. Kuzmenko earlier worked as the company's first deputy CEO.

Compumed, California, November 2015   
CompuMed announced that W. Scott Rombach has resigned as President, CEO, and Director of CompuMed, effective November 13, 2015. Lee Keddie and David Pointer, existing Directors, will serve in the role of interim Co-CEOs for the company.

Oniqua Pty , Queensland, November 2015
Oniqua Intelligent MRO announced that effective December 4, 2015 company co-founder and CEO Andy Hill will retire after 25 years of service. Steve Herrmann, EVP of marketing and alliances for the company, will serve as interim CEO to ensure a smooth and successful transition during the search for Mr. Hill's successor. Hill will continue to provide strategic advice and counsel to the company on a consulting basis.

Openreach, Greater London, November 2015    
BT announced that Joe Garner is to step down as CEO of Openreach after deciding to take up a new challenge as CEO of Nationwide.

Société Internationale de Télécommunications Aéronautiques, Geneva, November 2015
SITA announced that CEO Francesco Violante will step down in the second half of 2016 after more than 13 years at the helm. A global search for Violante's successor is currently under way.

1st Detect Corporation, Texas, November 2015
Astrotech Corporation and its subsidiary 1st Detect Corporation, announced the demise of 1st Detect CEO Bob C. Kibler on October 31 due to heart complications. Mr. Kibler joined the company on June 23, 2014 and served as CEO of 1 Detect Corporation since December 4, 2014. Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation and Chairman of 1st Detect, who was also the CEO of 1 Detect from inception to December 3, 2014 will serve as Acting CEO until a successor is named.

PeerTV, Israel, November 2015    
PeerTV Plc announced the resignation of Wes Wilcox as CEO of PeerTV Limited.

Ournett Holdings, New York, November 2015   
Effective as of October 22, 2015, Mr. Xavier Rey has resigned as the CEO of Ournett Holdings  and as a member of the company's Board of Directors.

ShopKeep POS, New York, December 2015       
Effective Jan. 1, 2016, ShopKeep announced that President and CEO, Norm Merritt, will be stepping down as head of the company for personal reasons. Michael DeSimone, who was formerly CEO of Borderfree will serve as ShopKeep’s acting CEO.

Total Client Services, South Africa, December 2015     
Total Client Services Limited announced its shareholders that Mr. Lindikhaya Sipoyo has decided not to renew his employment contract for a third term. However, in order to ensure a seamless transition, Lindikhaya has agreed to continue to fulfill the role as Executive Director and CEO until a suitable replacement is found. The Board expects this process to be completed by 29 February 2016 and shareholders will be advised once an appointment has been made.

Micromax Informatics Limited, India - January 2016
Micromax announced that CEO Vineet Taneja has resigned from the company. Taneja was appointed the CEO in May 2014. The company's four promoters, Rajesh Agarwal, Vikas Jain, Rahul Sharma and Sumeet Kumar, that own about 80% stake, are now in charge of the company.

Imagination TV, Florida - January 2016
STEVEN SAMBLIS, has stepped down as CEO, CFO and President and as a Member of the Board of Directors of the company. JOE SIRIANNI, who has consented to act as a President, Secretary and Treasurer, is appointed as President, Secretary and Treasurer of the company.

HempTech Corporation, Florida - January 2016
In connection with the new operating structure and upon completion of the Agronetix Merger, Sam Talari will become the Acting CEO and CFO of Agronetix. The Company will start to recruit a CEO for HempTech Sam Talari will remain as the acting CEO for HempTech.

Technology CEO Appointments

EE Limited, UK - $9.95B, January 2016
EE announced proposed changes to the board of directors, pending final regulatory approval of the acquisition of EE by BT Group plc and the subsequent completion of the transaction. Olaf Swantee will step down as CEO and executive director, once the transaction has concluded. Marc Allera, currently EE's Chief Commercial Officer, will take his place as CEO, and appointed as director to the board of EE Ltd, once the transaction has concluded.

Wipro, India - $7.51B, January 2016
Wipro Limited announced the appointment of TK Kurien as the Executive Vice Chairman and Abidali Z Neemuchwala as the CEO and Member of the Board of the company. Both these appointments are effective February 1, 2016. Previously as COO, Neemuchwala spearheaded several initiatives.

Tele2 Sverige AB, Sweden - $1.99B, January 2016
Samuel Skott assumed the position of EVP and CEO of Tele2 Sweden as Thomas Ekman leaves Tele2 to take on new challenges outside the company. Samuel Skott started out as a Tele2 Trainee in 2005 and has been an integral part of the Tele2 Sweden leadership team during the past five years, as Commercial Director Residential and most recently as Director Customer and Product Design. Samuel will assume the position of CEO Sweden as of April 18, 2016.

Salt Mobile SA, Switzerland - $1.4B, January 2016
The Salt board of directors has appointed Andreas Schoenenberger as new CEO. He has broad experience in top management functions, having formerly been General Manager of Google Switzerland and serving on the boards of companies such as at Sanitas health insurance, Publigroupe, Zanox and Bisnode. As president of Smama (the Swiss mobile association) and as a board member of Mobilezone until 15 March, he also has a comprehensive knowledge of the Swiss mobile market.

Jack Henry & Associates, Missouri - $1.27B, January 2016
Jack Henry & Associates announced a plan for executive transition whereby David Foss will be named as president and CEO on July 1, 2016. Foss, who has served as president of Jack Henry & Associates since July 1, 2014, will assume the additional role of CEO and Jack Prim, the current CEO and Chairman of the Board will become Executive Chairman. Prim will remain active with the company in the new role of Executive Chairman and will continue to reside in Monett, MO where the company is headquartered.

Informatica Corporation, California - $1.06B, January 2016
Informatica announced that its Board of Directors has appointed Anil Chakravarthy as CEO for Informatica. Additionally, Bruce Chizen will assume the role of executive chairman. Since going private in August 2015, Chakravarthy has served as acting CEO.

Capgemini India Private Limited, India - $813.80M, January 2016
Capgemini's India business appointed former iGate HR head Srinivas Kandula as its new CEO, has also conducted an organization-wide reshuffle and moved several top iGate executives into different management roles within the France-based technology services and consulting company.

KaR-TeL, Poland - $811.70M, January 2016
Kar-Tel has appointed Alexander Komarov the company's new CEO. Komarov worked earlier as CCO at Beeline Kazakhstan. He will succeed Taras Parkhomenko, whose three year contract has expired.

MindTree Limited, India - $644.30M, January 2016
Mindtree's Board of Directors announced the appointment of Rostow Ravanan as the CEO and Managing Director, and Krishnakumar Natarajan as the Executive Chairman. Subroto Bagchi steps down as Executive Chairman but continues on the Board as a non-executive director. Rostow Ravanan, is a member of Institute of Chartered Accountants of India, Institute of Company Secretaries of India and alumni of Harvard Business School. In April 2014, he stepped out of his role as CFO and took over as Head for Europe, Service Lines and Key Accounts.

PMC-Sierra, California - $528.30M, January 2016
In accordance with the terms of the Merger Agreement, at the Effective Time all of the members of the PMC-Sierra's board of directors were removed and the directors of Purchaser immediately prior to the Effective Time, which consisted of Steven G. Litchfield and Paul Pickle, became the only directors of the Company immediately after the Effective Time. Following the Effective Time, each of the executive officers of the Company including Greg Lang (the Company's President and CEO), were removed from their respective positions by the board of directors of the Company. Also following the Effective Time, Paul Pickle was appointed as the President of the Company and John W. Hohener was appointed as the CFO and Treasurer of the Company. The newly appointed officers and directors of PMC are all existing executive officers or employees of Microsemi Corporation appointed to such positions at PMC in connection with Microsemi's acquisition of PMC and are not entering into additional compensation arrangements in connection with such appointments.

ProAct IT Group AB, Sweden - $327.00M, January 2016
ProAct IT Group AB appointed Jason Clark as CEO. The effective date is on January 08, 2015. He has been responsible for Proact UK since the acquisition four years ago, before that he has ten years in the business. Jason Clark has extensive experience in the IT industry and in recent years organically built a profitable and efficient data centre /cloud-operation with related services alongside the traditional sales of IT systems.

The Newton Group, New Jersey - $300.00M, January 2016
Strategic Products and Services announced that in addition to serving as president, Thomas M. Praschak will assume the role of SPS CEO. John N. Poole, who formerly served as CEO, will remain active on the executive board, assuming the role of executive chairman of the board. Praschak joined SPS as COO in 2013, and assumed the role of president in 2015.

MobileIron, California - $144.00M, January 2016
MobileIron announced that Barry Mainz has been appointed President and CEO and named to it's board of directors. Mainz succeeds founding CEO Bob Tinker, who will remain on it's board. He was recently the President of Wind River. Mainz has a track record of operational excellence, selling software to enterprises, and delivering products in high growth markets.

NOTE AB, Sweden - $126.90M, January 2016
The Board of Directors of NOTE AB (publ) has appointed Stefan Hedelius as new President and CEO of NOTE. Henrik Nygren will remain as acting President and CEO after the end of Peter Laveson's parental leave, and will remain in this position until Stefan joins NOTE. Stefan will be joining NOTE from his current position as VP Brand and Marketing at SAS.

UTStarcom Holdings, China - $123.90M, January 2016
UTStarcom named Mr. Tim Ti as the Company’s new CEO and announced changes to the board of directors. Mr. Ti brings more than twenty years of business and management expertise to the Company. He previously served as the CEO of Virtual Gateway Labs. Prior to that, Mr. Ti served various roles at UTStarcom, including Senior Vice-President of Advanced Network Architecture Technologies, Senior Vice-President of Research & Development, and General Manager of the Broadband Business Unit.

Syncsort Incorporated, New Jersey - $113.00M, January 2016
Syncsort announced the promotion of Josh Rogers from President to CEO. A 14-year technology industry veteran who joined Syncsort in 2009, Josh has served as President for the past three years and he has been responsible for leading the Company's business operations and driving its aggressive expansion.

Progressive Digital Media Group PLC, UK - $105.70M, January 2016
Progressive Digital Media Group PLC announced that it had conditionally agreed to acquire the entire issued share capital of GlobalData Holding Limited. With effect from completion of the acquisition, the following changes to the board and senior management team of the group will take effect: Bernard Cragg, currently the senior non-executive director of the company, will be appointed as chairman of the company; Michael Danson, currently executive chairman of the company, will be appointed as CEO, taking over direct day-to-day management of the group; and Simon Pyper, currently CEO of the company, will be appointed CFO of the group.

Solomon Systech, Hong Kong - $66.20M, January 2016
Dr. Leung Kwong Wai, Chairman, CEO and Managing Director of the company, has ceased to be CEO and Managing Director but continues to be Chairman of the Board. The Board of the company announced that Dr. Yeh Tsuei Chi has been appointed as CEO of the company with effect from 4 January 2016. Dr. Ye has over 30 years’ experience in the semiconductor and electronics industry.

StorageCraft Technology Corporation, Utah - $59.80M, January 2016
TA Associates announced that it has signed a definitive agreement to invest $187,000,000 in StorageCraft Technology Corporation to support the growth of the company. In connection with the investment, Matt Medeiros has joined StorageCraft as Chairman and CEO. Mr. Medeiros joins StorageCraft from Dell SonicWALL, where he served as General Manager of Security Software.

Metrofile Holdings Limited, South Africa - $57.80M, January 2016
Metrofile Holdings Limited announced that Mr. Graham Wackrill had given notice of his intention to retire as CEO on March 31, 2016. He will continue as a non-executive director. The Board announced that Mr. Pfungwa Serima will be appointed to the Board as CEO-Designate on February 1, 2016 and will take over as CEO on April 1, 2016. Mr. Serima is currently the Executive Chairman of SAP Africa and his previous positions included being CEO of Accenture Technology Solutions, CEO of Microsoft South Africa and then CEO of SAP Africa.

HEAT Software, California - $54.10M, January 2016
HEAT Software announced that as part of a planned transition, Jonathan Temple will be retiring as the company’s President & CEO. Clearlake Capital has appointed John Ferron, who previously served as the company’s Executive Chairman, as the new CEO of the company. Ferron has been associated with Clearlake since its inception in 2007 and is a seasoned operational executive with a proven track record of integrating, building and growing successful businesses. John remains CEO of NetMotion Wireless.

MOL Global, Malaysia  - $53.90M, January 2016
MOL Global announced that Charles Ng Chee Chau has tendered his resignation as Co-CEO of the company due to personal reasons. Preecha Praipattarakul, formerly Co-CEO of the company will assume the position of CEO.

Zix Corporation, Texas - $53.30M, January 2016
Zix Corporation announced that David Wagner will serve as the company’s new President and CEO. Mr. Wagner will also become a member of the Board of Directors. Mr. Wagner joins ZixCorp from Entrust, where he most recently served as President and led the company’s smooth transition after its acquisition by Datacard.

CREALOGIX Holding AG, Switzerland - $52.70M, January 2016
CREALOGIX co-founder and Chairman of the Board of Directors Bruno Richle has decided to place the operational management of the CREALOGIX Group in younger hands and to focus on his role as Chairman of the Board of Directors. As of 1 January 2016, Thomas Avedik, the current leader of the Digital Banking business unit, is the newly appointed CEO of the CREALOGIX Group. Thomas Avedik has been a member of the Group's Executive Management for over eight years.

Brainshark, Massachusetts - $52.70M, January 2016
Brainshark announced that Greg Flynn has been promoted to CEO. A co-founder of the company and previously president of Brainshark, Flynn will now direct strategy and lead all day-to-day operations. Appointed to Brainshark's board in 2014, Flynn has also been a member of the leadership team since the company was founded.

Peace Map Holding Limited, Hong Kong - $51.20M, January 2016
The board of directors of Peace Map Holding Limited announced that Mr. Guan Hongliang, an executive director and chairman of the Board has resigned as a CEO of the company with effect from 4 January 2016 as Mr. Guan will focus on the development of long-term strategy of the Company which will require more of his time and effort. Mr. Wang Zheng, an executive director of the Company, has been re-designated as the CEO of the company with effect from 4 January 2016.

Infomedia, Australia - $46.50M, January 2016
The Board of Infomedia announced the appointment of Mr. Jonathan Rubinsztein as CEO, commencing 14 March 2016. Mr. Rubinsztein joins Infomedia from UXC where he has been the CEO of Red Rock Consulting for over six years. Mr. Rubinsztein will join the Board of Infomedia as an Executive Director, effective March 14, 2016.

Clarabridge, Virginia - $43.10M, January 2016
Clarabridge announced that Yuchun Lee, Clarabridge board member for over two years, has transitioned into the role of CEO. Previously, Lee was the founder and CEO of Unica.

SQS India BFSI Limited, India - $36.90M, January 2016
SQS India BFSI Limited announced that Dr. Martin Müller has tendered his resignation with effect from March 31, 2016. As part of the succession planning and to take over as Managing Director and CEO, the NRC and the board have recommended the appointment of Ms. Aarti Arvind as Managing Director and CEO, with effect from 1st April 2016. Ms. Aarti Arvind is EVP of the company and has been associated with the company since 2004.

SurveyMonkey, California - $34.90M, January 2016
SurveyMonkey announced changes to the company’s leadership structure. SurveyMonkey’s current chair of the board, Zander Lurie, has been named CEO of the company, following Bill Veghte’s decision to step down as CEO. Mr. Lurie previously served as SVP of Entertainment at GoPro.

Viadeo S.A., France - $31.00M, January 2016
Viadeo announced that the appointment of a new CEO, Renier Lemmens. Lemmens, 51, has had an outstanding international career, which led him to manage complex issues resulting in highly remarkable development successes. Formerly the CEO of Paypal Europe, he led the company as it recorded extremely significant growth rates.

TangoMe, California - $30.00M, January 2016
TangoMe announced the appointment of co-founder Eric Setton as CEO. Setton, who has been the company's chief technology officer, succeeds the company co-founder Uri Raz, who becomes executive chairman. The appointments are effective immediately. Raz will continue to provide counsel to the company management team, while playing a key role on strategic accounts and corporate development.

M-Brain Oy, Finland - $29.30M, January 2016
M-Brain Oy announced on 6 October 2015 that the company's current CEO Sirpa Ojala and M-Brain have mutually agreed that Sirpa Ojala will step down from her role as the CEO of the company. M-Brain's Board of Directors has now appointed Kim Nyberg, the Chairman of the Board of M-Brain, as the company's CEO.

Jaguar Network SAS, France  - $27.70M, January 2016
Jaguar Network appointed Alexandre Bertuzzi as CEO to boost business development in France as well as in Europe, and strengthen its revenue growth (28% per year, over the last five years). Alexandre is a renowned specialist in managing companies in defining their strategic plans and has assisted over the last few years many companies both in France and internationally. Alexandre has had several executive management and sales management positions for notable network and security companies such as Fore Systems, Radware or A10 Networks.

Gentrack Limited, New Zealand - $26.90M, January 2016
Gentrack Group Limited announced that Ian Black has commenced as CEO of the company. Ian has had an international career in Oracle and SAP, culminating as CEO of SAP in New Zealand, and COO of SAP in Australia and New Zealand. James Docking begins his new role as a Non-Executive Director having completed his term as company's CEO.

Evolving Systems, Colorado - $26.10M, January 2016
Evolving Systems announced that its President Thomas Thekkethala has been promoted to CEO. Thekkethala was President and a Director of Evolving Systems when Sixth Sense Media was acquired by Evolving Systems on September 30. He was a founding investor, Chairman and CEO of SSM, a provider of real-time analytics and mobile marketing solutions.

TriCore Solutions, Massachusetts - $24.20M, January 2016
TriCore Solutions announced that its appointment of Mark Clayman as the company’s President and CEO. Clayman took on this newest role after spending more than three years as COO.

Radcom, Israel - $23.10M, January 2016
RADCOM announced that Mr. David Ripstein, RADCOM's CEO since mid-2007, is retiring from his position at RADCOM and that Mr. Yaron Ravkaie, age 47, formerly President of Amdocs' North American AT&T Division, will assume the role of CEO in mid-January. Mr. Ravkaie held a variety of leadership positions, during his 16-year tenure at Amdocs, within its North American organization, including serving as President of its $1 billion AT&T Division with responsibility for sales, client management, strategy, projects, programs, long-term outsourcing and managed services activities.

Acorn Energy, Delaware - $19.40M, January 2016
Acorn Energy announced that its Board of Directors has appointed Jan Loeb as the CEO of Acorn Energy. Mr. Loeb, who has served as a director of the Company since August 2015, succeeds John Moore, who has served as President and CEO of the Company since 2006. Mr. Moore is departing as President and CEO to pursue his entrepreneurial interests.

Petards Group plc, Canada - $19.40M, January 2016
Petards Group plc announced the appointment of Osman Abdullah as CEO of the company. Osman joined the board of the company in September 2010 as a non-executive director and since 2013 has acted as chairman of Petards Joyce-Loebl, the Group's principal trading subsidiary, to oversee its reorganization and implementation of the 'Fit for Growth' programmer.

VTX Telecom SA, Switzerland - $17.10M, January 2016
VTX Telecom has appointed Yves Pitton as CEO, taking over from co-founders Philippe Roditi and Francis Cobbi. Pitton joins VTX from Doky, where he has been CEO since June 2015. Pitton was previously a SVP at Kudelski, a company where he worked for ten years.

Truphone Limited, UK - $17.00M, January 2016
Truphone announced the appointment of Ralph Steffens as CEO, while former CEO, Steve Robertson has been appointed as Executive Chairman and CEO of Strategic Partnerships. Steffens has nearly 20 years' experience in the industry. Steffens' last assignment was with Reliance Jio Infocom as 'President and COO' based in Mumbai, India.

Akana, California - $12.50M, January 2016
Akana announced that Mark Tapling has joined the company as its new CEO. Tapling brings over 15 years of CEO experience in B2B software to Akana, most recently as CEO of PacketVideo and SDL Language Technologies (Language Weaver).

Traveldoo SAS, France - $9.33M, January 2016
Egencia announced the appointment of Stephane Donders as CEO for Traveldoo SAS. Since 2009, he served as General Manager of Meilleuregestion and spent the prior four years as Deputy General Manager at KDS. Stephane fills the role vacated in May 2015 by Nabih El Aroussi.

Lifeloc Technologies, Colorado - $8.90M, January 2016
On January 5, 2016, the Board of Directors of Lifeloc Technologies appointed Dr. Wayne Willkomm, Ph.D., to be the company's president and CEO effective January 18, 2016. Dr. Willkomm has been a director of the company since July 2011. Before beginning his new role with the company, Dr. Willkomm was the North American Market Development Manager for Novomer Prior to that, he was the principal consultant of Willkomm Consulting, LLC, from 2007 until 2014, and president of the Tool and Molding Division of Intrex Corporation from 2006 to 2007.

SCI Engineered Materials, Ohio - $8.24M, January 2016
SCIA has announced the appointment of Hilde Sevens to its board of directors as CEO. Mrs. Hilde succeeds former CEO and company founder Mr. Jean-Pierre Rammant, who recently retired. Prior to starting at SCIA, Mrs. Hilde Sevens has acquired more than 10 years of top tier experience in executive level Product Management as well as managing all aspects of Business and Product Development working for companies such as Siemens PLM and Autodesk in California (USA). Armed with this international experience and an entrepreneurial spirit, she has extensive strengths in strategy building as well as driving the growth of established businesses with a focus on developing a clear vision.

Altitude Group plc, UK - $7.14M, January 2016
Martin Varley, currently Group Commercial Director, has been appointed Group CEO. In addition Altitude announced the appointment of Shaun Parker to the Board position of COO. Shaun has wide and relevant experience of the technology sector having held senior management positions in Specialist Computer Centres, Ricoh Global S y in outsourced managed services including software.

Netadmin System i Sverige AB, Sweden - $6.57M, January 2016
Netadmin Systems has announced the appointment of new CEO Mats Ekelund. Ekelund was recruited by the company's new owners Volaris Group, replacing Olle Hillström who has acted as interim CEO throughout 2015. Prior to Netadmin Systems, Ekelund held senior management roles at global organizations including Sogeti (Capgemini), Scala Business Solutions (Epicor) and most recently was responsible for the Metering division at Powel.

Zinwave, UK - $6.42M, January 2016
Zinwave announced the appointment of Scott Willis as CEO in a bid to drive the company’s next wave of growth in a buoyant wireless market. Previously, Willis was EVP, Chief Sales and Marketing Executive for Goodman Networks, a privately held leader in the design, engineering, deployment, and integration of wireless communications networks.

Citrix Systems, Florida - January 2016
Citrix announced that Kirill Tatarinov has been appointed President and CEO, effective January 25, 2016. Mr. Tatarinov will also join the Citrix Board as a director at that time. Interim President and CEO Robert Calderoni continues his role as Executive Chairman on the Citrix Board of Directors, focused on driving execution of the strategic plan for operational excellence, capital structure and portfolio simplification. With 30 years of industry experience, Mr. Tatarinov has a long and successful track record overseeing product strategy and commercial operations in software and services. His background includes leadership positions at Microsoft for 13 years, including most recently serving as EVP of the Microsoft Business Solutions Division where he doubled revenue, increased profitability, led the division’s transformation to the cloud, and managed the global partner ecosystem.

Societe Francaise du Radiotelephone, France - January 2016
SFR has appointed Michel Paulin as CEO and announced a new executive committee. Paulin, currently CEO of Moroccan operator Meditel, will take up the position in the second quarter. Paulin spent most of his career in the telecom industry. SFR's leadership team consists of ten members who will take their positions by the end of the first quarter.

Isola Group , Arizona - January 2016
Isola Group announced that its board of directors has appointed Jeff Waters as president and CEO. Waters succeeds Interim CEO Jeffery McCreary, who was brought in to enable leadership continuity after Ray Sharpe’s retirement in August 2015. As SVP and general manager of Altera’s business units, Waters was responsible for $1.7 billion in revenue across the company’s product lines, including development of high growth data center and automotive markets.

Blackboard, Canada - January 2016
Blackboard announced that William “Bill” L. Ballhaus, PhD. has been named as Chairman, President and CEO. He succeeds Jay Bhatt, who has led Blackboard since 2012. Dr. Ballhaus joins Blackboard from SRA International, where as CEO he fostered a culture of innovation that emphasized anticipating customer needs, and he enhanced the company’s portfolio in cyber security, cloud computing, mobilization, agile system development, ERP and data analytics.

BullGuard , UK - January 2016
BullGuard has announced the appointment of security industry veteran Paul Lipman as CEO. Lipman has spent the last decade developing consumer security businesses into transformational category leaders. Most recently he was CEO at iSheriff, a recognized innovator in cloud-based security for the enterprise market. Prior to that, Lipman was CEO of total defense, which pioneered unlimited subscription services for consumers, and was acquired by Untange in 2014.

Arkadin SAS, France - January 2016
Arkadin's Founder and CEO, Olivier de Puymorin announced its decision to put the appointment of Didier Jaubert as CEO of Arkadin SAS for the approval of the shareholders. As CEO Mr. Jaubert will have operational management responsibility of Arkadin.

Oramericas, Canada - January 2016
As a result of Craig Schneider's resignation as both a director and the CEO, the Company has appointed Mr. Scott White, currently a director, as the CEO and Chairman. The Company expresses its sincere appreciation to Mssrs. Vichet and Schneider for their assistance during its restructuring period.

Cantor Group, Colorado - January 2016
Cantor Group announced that Donald Schellpfeffer, MD/PHD is resigning as CEO/President and is relinquishing all ownership in Cantor Group as well as any and all relationships with Cantor Group. Kathleen Roberton, who has an extensive background as an Officer and Director of public companies, has agreed to step in as CEO, President and Director.

Skycross , California - January 2016
SkyCross appointed Youngmin Jo as its new CEO. Youngmin served in executive positions during the last 15 years, including COO and, most recently, CTO. As CEO, he will drive the company’s growth strategy with a focus on Asian customers.

Veracity Management Global, Florida - January 2016
Veracity Management Global announced the appointment of Robert A. Shuey, III as Chairman of the Board and CEO of the company. Robert A. Shuey, III, has been a Managing Partner of Pegasus Funds since March 2004. He has also been Managing Partner of Paladin Equity Partners LLC since June 2014.

World Health Energy Holdings, New York - January 2016
On January 18, 2016, World Health Energy Holdings accepted the resignation of David Lieberman as the CEO and as a Director of the company. In Lieberman's place as CEO the Board of Directors appointed Mr. Uri Tadelis, a current Board member. Mr. Tadelis is an International Entrepreneur who has innovated cutting edge trading platforms for the FX markets.

SHOP.CA Network , Ontario - January 2016
SHOP.CA announced that American ecommerce veteran, Tony Chvala, has joined SHOP.CA as CEO, following his appointment to the Board this past summer. A highly accomplished U.S. ecommerce executive, Tony has global experience across all retail categories for Fortune 500 corporations and has proven himself to be a transformational leader that has deep history building businesses to extraordinary heights.

Footage Firm, Virginia - January 2016
VideoBlocks announced that it is shaking up its leadership structure to promote Chief Marketing Officer TJ Leonard into the CEO spot, while founder and CEO Joel Holland assumes the role of executive chairman.

UAB Kabeliniai Rysiu Tinklai, Lithuania - January 2016
Cgates announced that it has appointed Petras Kirdeika as its new CEO. Kirdeika earlier worked as CCO at Tele2 Lithuania. Kirdeika succeeds Petras Dambrauskas, who has resigned.

Connective Games, Russia - January 2016
Connective Games announced that Sergey Mukhanov has replaced Konstantin Zubarev as CEO of the company. Mr.  Zubarev will remain a managing partner in the business for the foreseeable future. Mr. Mukhanov has been with CG for ten years most recently serving as Chief Customer Officer where he oversaw the direction of software development and helped to grow the company into one of the top providers of gaming services in the market.

HexaTier, Israel - January 2016
HexaTier (formerly GreenSQL) announced the addition of Dan Dinnar as HexaTier's new CEO. Dan joined the company in late 2015, bringing with him over 13 years of experience as VP of Sales for CyberArk Software, where he helped lead the company to an IPO. Dan replaced former CEO Amir Sadeh, who will continue to serve as Chairman of HexaTier's board of members.

Censio, Massachusetts - January 2016
Censio has appointed Vance Loiselle as CEO. Loiselle will have overall responsibility for strategic and corporate development, marketing, sales and operations. Loiselle has more than 20 years of experience building high-tech companies into market leaders. As co-founder of BladeLogic. Most recently, Loiselle was president and CEO of Sumo Logic.

JUWAI LIMITED, Hong Kong - January 2016 announced that Charles Pittar has been appointed CEO, after already having served as the company’s COO in 2015. The company’s co-founders Simon Henry and Andrew Taylor have stepped down from co-CEO roles and continue to be engaged in the business. Prior to joining, Mr. Pittar was Asia COO for Macquarie Bank. He has nearly 15 years of Greater China business experience and has also served as Australasia Managing Director for ONYX Software. Mr. Pittar began his career at Microsoft.

Dephasium, California - January 2016
Allied Ventures Holdings’ Board of Directors has accepted the resignation of Harold Minsky, President and CEO and Sole Director of the company, and has accepted the appointment of Reed Petersen as the company's new President and CEO, Chairman of the Board, and Sole Director.

MariaDB Corporation, Finland - January 2016
MariaDB Corporation announced the appointment of Michael Howard as CEO. Most recently, Howard was CEO at C9.

Gars Telecom, Russia - January 2016
Gars Telecom has appointed Alexander Shinkaryov its new CEO. Shinkaryov succeeds Pavel Gorenkov in the position. Gorenkov was the founder of the company and has worked as CEO for a long time.

PayU Payments Private Limited, India - January 2016
PayU announced the appointment of Laurent Le Moal as its new CEO. Le Moal brings extensive knowledge of digital payments and emerging markets to PayU. He culminated an 11-year career at PayPal as VP for Continental Europe, Russia, Middle-East and Africa, leading the evolution of its consumer franchise across diverse geographies.

Bayshore Networks, New York - January 2016
Bayshore Networks announced that Michael Dager has joined the company as CEO. Dager brings more than two decades of experience in senior-level management positions at leading technology companies, most recently Dager was CEO of Arxan Technologies.

New Target, Virginia - January 2016
The executive management team of New Target has acquired a majority ownership interest in the company, realizing the shared goal of founder Laura Machanic and new CEO, Brian Newsome, to establish the company's future leadership and assure its continued growth. Newsome has been with the company for six years and has served in a strategic management position for the majority of that time.

Genesis Technical Systems (UK) Limited, UK - January 2016
Genesis Technical Systems has appointed Peter Khoury as its new CEO and General Counsel. Peter possesses over 20 years' international experience in telecommunications, across both operational and business support systems. Having recently served as the CEO of IPSol Energy, Peter has launched and sold numerous privately-owned start-up ventures.

SnapShot, Austria - January 2016
SnapShot GmbH announced that Dr. Stefan Tweraser, former director at Google, joined its management team as CEO. Dr.  Stefan Tweraser was director of studies for marketing and sales at the Vienna University of Applied Sciences. After working at McKinsey & Comp.  - where he was elected partner in record time - and then Telekom Austria, Stefan joined Google as Country Director for the DACH region in 2008.

Punto Group, Nevada - January 2016
Lei Wang has been appointed as the CEO and CFO of the Company upon the consummation of the Transaction. In addition, Mr. Wang has been appointed as the sole director of the company, effective ten days following the date on which the Company files the Schedule 14F-1. Since October 2015, Mr. Wang has served as General Manager of TOGOTO Science & Technology Co.

Pantop Corporation, Hong Kong - January 2016
The Board appointed Loh Chee Ming as CFO, CEO and Director, and Ms. Hew Wan Voon as Secretary, Treasurer and Director of the Company.

Blurb, California - January 2016
Blurb announced appointment of Todd Larsen as CEO. Larsen succeeds Founder and CEO Eileen Gittins, who becomes executive chairman of the board of directors and an advisor to the company. Larsen has almost 20 years of operating experience and strong digital marketing experience at multi-billion dollar companies. Immediately prior to joining Blurb, Larsen served as EVP of Time where he oversaw global operations of some of the world’s best-known media brands, including Time, People, Entertainment Weekly, Sports Illustrated and Fortune. Larsen earlier served as President of Dow Jones & Co. where he oversaw The Wall Street Journal and the company’s other brands including MarketWatch, Factiva and Dow Jones Newswires.

Diablo Technologies , Ontario - January 2016
Diablo Technologies announced that Mark Stibitz will serve as the company's Chairman and CEO. Stibitz assumes this position after having served as an independent member of Diablo's Board of Directors since February 2012. Diablo Co-founder and previous CEO, Riccardo Badalone, has been appointed the technology-centric and customer-facing role of Chief Product Officer.

Openreach, UK - January 2016
BT has announced that the new CEO of BT Openreach will be Clive Selley, the current CEO of BT's Technology, Service and Operation division. The appointment comes after former CEO Joe Garner announced in November that he will leave to head up the Nationwide Building Society. BT said that Selley is ideally suited to the role as he has an extensive background in network technology and infrastructure, and is already responsible for 12,000 staff and a multi-billion pound budget in his current role. Selley has also overseen the development of new, something BT said was key to handing him the role with Openreach.

SOCAP International, Virginia - January 2016
SOCAP International announced its selection of Brian Costanzo as its new President and CEO. Formerly SVP of Business Development at the Entrepreneurs' Organization, Costanzo will lead SOCAP drawing on his extensive background in hospitality, customer engagement and non-profit leadership.

MetaSolutions, New York - January 2016
Metasolutions announced that in accordance with the securities purchase agreement and the transactions contemplated thereby, effective as of December 28, 2015, the Peter McGoldrick resigned as a director and officer of the company and Kazi Hasan was appointed to serve as the company's CEO and as its sole director. Kazi Hasan started his career working as a consulting engineer for URS, followed by working as a security analyst for Prescott, Ball & Turban (since acquired by Kemper). Mr. Hasan has been an entrepreneur and media consultant since 2000, but has been retired from active employment since prior to 2010.

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For Specific bios and announcements, please refer to Vell Website.

LogMeIn (LOGM),  SaaS & IoT Software  - Board members  (2)

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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

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Read 2721 times Last modified on Tuesday, 11 August 2020 16:45
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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