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Monday, 11 April 2016 07:23

99 Open Tech CEO Roles and 74 Recent Tech CEO Appointments‏

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Detailed Version of Newsletter for month ended March 2016

Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of March 2016.

Total Tech CEO Roles Open:99  

New Tech CEO Appointments:74 (2 women, 72 men)

Geographic Distribution in North America, number of CEO roles open outpaces the number of new CEOs in almost every georgaphy. In North America, many roles are open in California and Canada, with a median of months open at 5 and 7 months respectively. To my Canadian friends: the mean time a CEO role is open in Canada is 2 months more than the mean in North America and 3 months more than some other geographic regions around the world (see below).


New Technology CEO Stats

New Tech CEO Openings:13 - Emirates Telecommunications Group Company (UAE), Optimum Telecom Algeria (Algeria), ModusLink Global Solutions (MA), exceet Group (Luxembourg), Global Sources (Hong Kong), Anoto Group (Sweden), SpendSmart Networks (CA), Birdstep Technology (Norway), Kollakorn (Australia), Kashin (NV), Globecomm Systems (NY), Trendit (Israel), Gulf Bridge International (Qatar).

The number of months these currently open CEO roles have been open spikes at five months, i.e. they were announced in November 2015.

The average and median number of months these roles are open does  not vary too much by region.`

CEOs Appointed

Sources of Appointments: 39 were External appointments, and 35 were internal promotions Founders (3) & Co-Founder (3), President (3)/ COO (3), Divisional execs (5), Deputy CEO (2), Board members (3), CFO (3), Others (10)

Diversity:  Kindara (CO) and Metrodigi (CA) were the only two companies out of 74 appointing women CEOs

Geographic Distribution: 38 in the US, 2 in Canada and 34 International appointments.

Want to keep up to date? Get more updates on new board members (Tech execs on tech and non tech boards; women board members), on new execs/board updates for the Giants, the software industry, and many more. A summary of Vell Research Reports and board/exec updates can be found here. Vell Research Reports and Exec/board moves.

Dora Vell

Vell Executive Search
t: 617-530-1260 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Vell Executive Search is a retained executive search firm that specializes in recruiting technology execs for boards and executive roles, such as CEOs and C-Levels. Vell has built a reputation for recruiting talented high-performing leadership teams globally.

Tech CEO Open Roles

MTN Group Limited, South Africa - $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.

Optimum Telecom Algeria, Algeria, $1.78B, March 2016
Global Telecom Holding S.A.E. announced that Ghada Gebara will be moving from the role of Djezzy CEO to VimpelCom Headquarters.  

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.

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.

Everi Holdings, Nevada - $774.6M, February 2016       
On February 16, 2016, Everi Holdings announced that Michael D. Rumbolz, age 61, has been appointed to the positions of Interim President and CEO (collectively, CEO) of the Company. Upon assuming the office of Interim CEO, Michael D. Rumbolz replaced Ram V. Chary, whose employment with the Company ended on February 13, 2016. Rumbolz currently serves as a member of the Board of Directors of Employers Holdings 

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

ModusLink Global Solutions, Massachusetts, $487.00M, March 2016
John Boucher resigned as President and CEO of ModusLink Global Solutions. The company appointed Warren G. Lichtenstein as interim CEO effective immediately. Mr. Lichtenstein will remain Chairman of the Board. Mr. Lichtenstein, age 50, will serve as interim CEO while the Board conducts a search for a new CEO.

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.

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.

Imagination Technologies, UK - $256.4M, February 2016
Imagination Technologies Group plc announced that Sir Hossein Yassaie has stepped down as CEO. Andrew Heath, one of the non-executive directors, has been appointed Interim CEO. Andrew joined the Group's Board in August 2012 as a non-executive director. The Group will start the search for a new Chief Executive immediately, assessing both internal and external candidates in the process. As a result of his appointment, Andrew will step down from the Remuneration and Audit committees.

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.

exceet Group, Luxembourg, $197.20M, March 2016
Ulrich Reutner has decided to resign as CEO of exceet Group SE and from related functions for private reasons on 1 March 2016. He will continue to support exceet until the end of 2016 to ensure a smooth transition and to support the planned divestment of the IDMS segment with his experience in this market. The CFO of exceet, Wolf-G\xFCnter Freese, will act in addition to his duties as CFO, as CEO ad interim with immediate effect.  

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.

Global Sources, Hong Kong, $162.10M, March 2016
Global Sources  announced that CEO Spenser Au is retiring. He will remain engaged until the end of the year to assist the company in transitioning to a successor.

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.

Mobotix AG, Germany - $89.4M, February 2016 
MOBOTIX AG has announced the resignation of Klaus Gesmann as CEO, CFO, and as a member of management board. An interim manager will initially be placed in charge of the Finance department, previously under his control, while CTO Dr. Oliver Gabel is temporarily taking over the Purchasing department. A third board member will be appointed in the near future.

Crossrider Plc, UK - $85.3M, February 2016      
Crossrider plc announced that it has accepted the resignation of CEO Koby Menachemi. Mr. Menachemi will be leaving at the end of March 2016 to pursue other opportunities. Elgie has been appointed as Executive Chairman. Mr. Elgie having founded Creston plc and served as CEO until March 2014. Mr. Elgie is a respected industry figurehead having founded Creston plc and served as CEO until March 2014.

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.

Pixelworks, California - $59.5M, February 2016 
Pixelworks announced that effective immediately Bruce Walicek has resigned as President and CEO and as a Director from the board for personal reasons. Mr. Walicek will remain as a consultant to the company for a period of up to six months. Pixelworks’ board of directors has commenced efforts to promptly identify and select a candidate to succeed Mr. Walicek as CEO. Until such time that a permanent CEO is appointed, Stephen Domenik will assume these duties and serve as interim CEO.

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.

Towerstream Corporation, Rhode Island - $31.7M, February 2016    
On February 16, 2016, the Board of Directors of Towerstream Corporation appointed Philip Urso as Interim CEO and Arthur Giftakis as COO of the company. Mr. Urso presently serves as Chairman of the Board of Directors and Mr. Giftakis as SVP of Engineering and Operations of the company. Urso co-founded Towerstream, has served as the company's director and chairman since inception and was CEO from inception until November 2005.

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.

Anoto Group, Sweden, $22.80M, March 2016
Anoto Group AB (publ) appointed Joonhee Won a new interim CEO. Joonhee Won, who has served on the board of Anoto for three years, will assume the role as an interim CEO while Tom Webb, who was recruited to Anoto in September 2015 as SVP in product management, will become the COO. Stein Revelsby will resign from office with immediate effect after five years as CEO. He will receive 6 months of salary under the terms of his employment contract. The recruitment process of finding a long-term alternative as CEO will be initiated within a few months.

Publishing Technology, UK - $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.

RoomLinX, Colorado - $20.8M, February 2016    
RoomLinX announced that in order to focus on capital requirements, public markets, investor & public relations, and M&A opportunities, effective January 4, 2016, Aaron Dobrinsky, CEO, has handed all of his day to day executive positions at the company and its subsidiaries to existing members of the management team. With his focus to help build shareholder value, Mr. Dobrinsky has assumed the role of Chairman of the Board.

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.

LRAD, California, $15.20M, March 2016
Tom Brown, the company's President and CEO, is resigning from the company. The company's Board of Directors has initiated a replacement search. Mr. Brown joined the Company as a member of the Board in March 2006 and became President and CEO in August 2006.

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.

DATATRAK International, Ohio - $10.3M, February 2016       
DATATRAK International's board of directors unanimously voted to appoint James R. Ward or Jim Bob Ward to the position of Interim CEO and President to fill the vacancy and such appointment shall be effective as of the termination of the former chief executive on February 24, 2016.

International Datacasting Corporation, Ontario - $7.2M, February 2016    
International Datacasting Corporation announced a change in management. As previously announced, the Board has commenced a formal process to explore strategic alternatives with a view to enhancing shareholder value. Accordingly, IDC's Senior Management team including the Co-CEO's Chris Barrett and Steeve Huin, as well as the CFO, Steve Archambault, have voluntarily offered their resignations. Archambault has agreed to serve as CFO and interim CEO during this transition period.

SpendSmart Networks, California, $6.46M, March 2016
Alex Minicucci resigned his position as CEO and was appointed to the position of Chief Strategy Officer. The Board of Directors appointed Chairman Jerold Rubinstein to the position of interim CEO. Mr. Rubinstein will serve as interim CEO until the appointment of a permanent CEO. Mr. Rubinstein has served as a member of the Board of Directors and Chairman of the company's Audit Committee since October 2013.

Birdstep Technology, Norway, $6.37M, March 2016
Lonnie Schilling, the CEO of Birdstep Technology ASA will step down from his position as the company's CEO. Mr. Schilling will continue to serve as the company's CEO for the notice period of six months, which starts on April 1, 2016.

Moko Social Media, Australia - $3.6M, February 2016   
MOKO Social Media announced the final phase in its transformation from a digital and social media content creator to a developer of mobile products targeted exclusively at the U.S. high school and college student market. As a result of this transition, Mr. Ian Rodwell will be stepping down from his position as CEO and will serve as a strategic advisor to the Strategic Partnerships and M&A Board SubCommittee. In addition, Mr. Rodwell will also resign as a Director of the company effective Feb. 18, 2016. Mr. Shripal Shah, who previously served as MOKO's COO, will serve as the company's interim CEO.

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.

Kollakorn, Australia, $0.21M, March 2016
Kollakorn Corporation Limited advised that Mr. Richard Sealy has tendered his resignation as a director and CEO of the Company. Richard expressed his desire to step down from his management role in the Company was due to deteriorating health. He resigned as Managing Director of the Company on 31 March 2015, and agreed to enter into a one-year consulting contract in order for the Company to arrange a seamless transition to a new CEO, up until 31 March 2016.

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.

Kashin, Nevada, $0.01M, March 2016
On February 28, 2016 in a Consent to Action in Lieu of a General Meeting of the Shareholders of Kashin to remove and terminate Carl Maybin II as the CEO and as a Director, Richard Dryer as the CIO and as a Director, to appoint Richard Specht as the Interim CEO, Interim CFO and Interim President and to appoint Scott Kline as the CIO and as a Director.

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.

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. 

Superloop, Australia, February 2016       
Superloop Limited announced that Superloop Executive Director and Founder, Mr. Bevan Slattery will be taking the role of Interim CEO of Superloop. Slattery will remain in the role of company Chairman. 

AppYea, Texas, February 2016     
On February 4, 2016, AppYea's sole director, CEO and CFO, Jackie Williams, passed away. Effective February 16, 2016, pursuant to the company's Bylaws, shareholders holding a majority of the common share votes, voted by written consent to appoint Keri Williams and Devin Beavers to serve as directors of the company. In addition, on February 16, 2016, the newly appointed board of directors appointed Devin Beavers to serve as interim CEO and interim CFO. 

Globecomm Systems,New York, March 2016
Globecomm Systems announced that Keith A. Hall is stepping down as CEO and that Current CFO, Jason D. Juranek, will serve as Interim CEO. Mr. Hall will continue to be a resource for the Company during this interim period to ensure a smooth transition.                                    

Trendit, Israel, March 2016
The Board of Directors of Trendit announced the appointment of Lior Romano as Executive Director. Mr. Romano will also act as interim CEO until a permanent replacement is appointed. Mr. Romano is also CEO of Contacts+. Benny Saban, CEO of the company, has notified the Board of his resignation from his role as CEO and as a member of the company's board. 

Gulf Bridge International, Qatar, March 2016
Gulf Bridge International has announced the appointment of Amr Eid as acting CEO. Eid will take on the job effective immediately, in addition to his role and responsibilities as chief commercial officer. 


Tech CEOs Appointed

This is the detailed version of CEOs Appointed in the month March 2016. 

Telefónica, Spain, $52134.70M, March 2016
Telefonica SA announced that its longtime CEO will step down after 16 years on the job but plans to remain on the company's board. Cesar Alierta is proposing the company's COO Jose Maria Alvarez-Pallete as his replacement. Alvarez-Pallete has worked directly under Alierta since 2012 in a process grooming him for the top job. The company did not specify when Alierta would officially step down. 

Telecom Italia, Italy, $21726.90M, March 2016
The Board of Directors of Telecom Italia S.p.A. has appointed Flavio Cattaneo as CEO, giving him executive powers. Since February 2015, he is CEO of NTV S.p.A., and from March 2015 Chairman of Domus Italia S.p.A. 

GE Healthcare, Illinois, $17,639M, March 2016
GE Healthcare named Charles Koontz as president and CEO of GE Healthcare IT and GE Healthcare Chief Digital Officer. Koontz succeeds Jan De Witte, who is leaving GE. Koontz joins GE from Computer Sciences Corp (CSC) and CSRA, where he was EVP of the Federal Civilian Agencies Group.        

Emirates Telecommunications Group Company, UAE, $14086.90M, March 2016
Etisalat group has appointed Engineer Saleh Adbullah al-Abdooli as CEO as the company continues to restructure. Abdooli replaces Hatem Dowidar, who was appointed interim CEO earlier this March 2016. Dowidar, who will now report to Abdooli, had replaced Ahmad Julfar who resigned for personal reasons. 

GCL-Poly Energy Holdings, Hong Kong, $3352.50M, March 2016
Zhu Zhanjun, the current executive director and Executive President of the Company, was appointed to succeed Zhu Gongshan as the new CEO of the Company. Mr. Zhu Gongshan, the current CEO, an executive director and Chairman of the Company.                                    

Tele2 AB, Sweden, $3181.40M, March 2016
The Board of Directors of T2 RTK Holding has appointed Sergei Emdin as the CEO of the Tele2 mobile operator, replacing Mikhail Noskov. Formerly the CEO of Northern Capital Gateway, until February 2016 Sergei Emdin was CEO of the Northern Capital Gateway Consortium, the operator of the Pulkovo airport in St Petersburg.  

CDK Global, Illinois, $2064.20M, March 2016
Steven J. Anenen resigned as CEO of CDK Global, consistent with the transition plan previously announced by the Company. The Board appointed Brian P. MacDonald, as CEO of the Company. Mr. MacDonald has been the Company's President since January 1, 2016 and a member of the Board since June 15, 2015. 

Sunrise Communications Group, Switzerland, $1973.70M, March 2016
Current CEO Libor Voncina will hand over to Olaf Swantee as the new CEO of Sunrise. Swantee, a Swiss citizen and experienced European operator, has recently stepped down as CEO of EE.                                    

Systemax, New York, $1854.70M, March 2016
Systemax announced that its Board of Directors has approved an executive management succession plan. Larry Reinhold will assume the role as the company's President and CEO. He will continue to serve as the company's CFO on an interim basis. 

Hitachi Data Systems Corporation,California, $1763.00M, March 2016
Hitachi Data Systems Corporation (HDS) announced that Jack Domme will lead Hitachi's Social Innovation business in the Americas reporting directly to Hitachi President and CEO, Toshiaki Higashihara. Ryuichi Otsuki will succeed Domme as CEO of HDS. He joins from his role as VP and executive officer, GM of social innovation business promotion division and deputy GM of corporate sales and marketing group at Hitachi.    

Tieto Oyj, Finland, $1585.80M, March 2016
Tieto appointed Kimmo Alkio, as President and CEO. Alkio joins Tieto from F-Secure Corporation where he has been working as the President and CEO since 2006.

Telecom Egypt Company, Egypt, $1556.30M, March 2016
The new Board of Directors appointed Tamer Gad Allah as the new Managing Director and CEO of the company. Tamer is former Head of Enterprise Business Unit at Telecom Egypt Company S.A.E.  

Premier Farnell, UK, $1280.90M, March 2016
Premier Farnell plc appointed Jos Opdeweegh as CEO. Mark Whiteling, Interim CEO, will assume the role of Deputy CEO, with continuing oversight of the Finance function. Jos was, until recently, CEO of Neovia Logistics, where he led the carve out from Caterpillar, and for the last 16 years has worked in senior leadership positions in a number of industrial sectors in North America, including as CEO of Americold Realty Trust and of Syncreon (formerly TDS Logistics). 

Pandora Media, California, $1164.00M, March 2016
Pandora announced management team changes to accelerate the company’s growth strategy.  The board appointed founder Tim Westergren as CEO.  

Pakistan Telecommunication Company Limited, Pakistan, $1130.60M, March 2016
Pakistan Telecommunication Company Limited announced that Dr. Daniel ritz has been appointed as president and CEO. Dr. Daniel Ritz was formerly working with Etisalat Group as Chief Strategy Officer.

Shutterfly, California - $921.4M, March 2016
Shutterfly, the leading manufacturer and digital retailer of high-quality personalized products and services, appointed Christopher North as President, CEO and director. Interim CEO, Phil Marineau, will continue to lead Shutterfly until North joins as CEO. North joins Shutterfly from Amazon UK, where he has worked since 2006, serving as the UK managing director since 2011.

Zynga, California, $764.70M, March 2016
The Board of Directors of Zynga appointed Frank Gibeau, 47, a member of the Board, as CEO. Gibeau spent more than two decades at Electronic Arts, where he held a number of influential business and product leadership roles. Most recently he served as the EVP of EA Mobile from October 2013 to May 2015.                                    

SDL plc, UK, $393.60M, March 2016
SDL plc appointed its new CEO. Following an extensive international search process, the company announced that Adolfo Hernandez will join the Board and will assume the role of CEO on 18 April 2016. Prior to joining company, Adolfo was CEO of Acision Limited from July 2013 to August 2015.  

Sogeti USA, Ohio, $294.40M, March 2016
Sogeti USA announced that Rajnish Nath replaces Navin Goel, who served as CEO since 2003. Goel will remain with Sogeti USA as the Chairman and will be responsible for overseeing the IGATE acquisition by Capgemini. Prior to his appointment, Nath served as the Regional Vice President of Sogeti, overseeing its Heartland region.

Business & Decision, France, $245.80M, March 2016
Business & Decision has appointed Christophe Dumoulin as CEO. In 1996, he joined Business & Decision to participate in the development of the group, notably with the IPO in 2001, when he was appointed Directeur-général délégué and member of the Board of Directors.                                    

Rosetta Stone, Virginia, $217.70M, March 2016
Rosetta Stone has appointed a permanent CEO. John Hass, a board member who took the reins from former CEO Stephen Swad nearly a year ago, is the new chairman, president and CEO of the company. He replaces Patrick Gross as chairman. 

Gilat Satellite Networks, Israel, $197.50M, March 2016
Gilat Satellite Networks announced that it has appointed Yona Ovadia as its new CEO, effective March 31, 2016, replacing Dov Baharav, who shall remain Gilat's Chairman of the Board of Directors. Mr. Ovadia joined Gilat in April 2015 and had previously served in various managerial posts at Amdocs for 30 years, including as Amdocs Executive Management member.                                    

SPI Energy, China, $166.20M, March 2016
SPI Energy Co., announced that Xiaofeng Peng, Chairman of the Board of Directors, has taken on the additional role of CEO. Roger Dejun Ye has retired from his role as CEO and was appointed to the company's Board as a director and EVP in charge of the solar business.                                    

Blucora, Washington, $117.70M, March 2016
On March 12, 2016, the board of directors of Blucora appointed John S. Clendening to serve as the company's President and CEO. Mr. Clendening will succeed William Ruckelshaus, who, as previously announced, is resigning from his position as President and CEO, effective March 31, 2016. Prior to being appointed President and CEO, John S. Clendening, age 53, served as EVP and Co-Head, Investor Services Division at Charles Schwab & Co. in San Francisco from 2012-2015.      

Dalenys, Belgium, $76.40M, March 2016
Dalenys is reorganising the company’s corporate governance with a split in the functions of Chairman and CEO, and reinforcing its Executive Committee. In this context, operational management is entrusted to Thibaut Faurès Fustel de Coulanges, who is promoted to CEO of Dalenys. He is also appointed President of the company’s Executive Committee by decision of the Board of Directors, as of March 16, 2016. Jean-Baptiste Descroix-Vernier, who was until present CEO and Chairman of Dalenys, shall remain Chairman.                                    

Topsearch International, China, $73.10M, March 2016
Topsearch International (Holdings) Limited announced that Mr. Cheok Ho Fung has tendered his resignation as the chairman of the Board and the CEO of the company due to his adjustment in work allocation. The Board announced that Mr. Liu Tinga has been appointed as an executive director, the chairman of the Board, the CEO and chairman of the executive committee of the company and as one of the authorized representatives of the Company under the Listing Rules.                                    

Shinhan Data System, Korea, $63.80M, March 2016
Lee Dong-hwan, a former EVP of Shinhan Bank, will head Shinhan Data System as CEO.                                    

Decisionpoint Systems, California, $54.10M, March 2016
Decisionpoint Systems announced that it will appoint Steve Smith as its CEO. Mr. Smith has over 35 years of experience in technology company sales and field operations, with the last 25 focused on DecisionPoint Systems' core automatic identification and data capture (AIDC) market. Most recently, he has served in key sales leadership roles in Motorola Solutions and Zebra Technologies, immediate past and current owners of the former Symbol Technologies business, with responsibilities for global accounts such as The Coca-Cola Company and PepsiCo.                                    

Microlink Solutions, Malaysia, $50.90M, March 2016
Microlink Solutions will appoint Chia Yong Wei as CEO. Mr. Chia joined the OMESTI Group of companies in January 2014. He currently holds several roles within the OMESTI and Microlink Groups. He is Group Chief Technology Officer of OMESTI Group and COO of OMESTI Innovation Lab. 

FocusVision Worldwide, Connecticut, $30.70M, March 2016
FocusVision named Jamin Brazil as the company's new CEO. Brazil most recently served as CMO of FocusVision and CEO of Decipher. Eric Grosgogeat, who served as CEO of FocusVision for eight years, has stepped down to pursue other opportunities. 

Computer & Technologies Holdings, Hong Kong, $28.30M, March 2016
The Board of Computer & Technologies Holdings announced that Cheung Wai Lam has been appointed as the CEO. Cheung currently an executive director of the Company and deputy CEO, is in charge of the Application Software, Solutions and e-Service businesses and various functions including human resource, management information system, marketing and research and development of the Group.                                    

China BAK Battery, China, $16.30M, March 2016
Xiangqian Li resigned as Chairman, director, CEO, President and Secretary of China BAK Battery On the same date, the Board of Directors of the company appointed Mr. Yunfei Li as Chairman, CEO, President and Secretary of the company. Mr. Yunfei Li has more than twenty years management experience in industries of real estate development, battery and new energy.                                    

Corum Group, Australia, $12.50M, March 2016
Corum Group Limited appointed Mr. Peter Wilton as CEO. Mr. Wilton has extensive strategic, commercial and leadership experience in senior executive roles. His experience has been gained across a range of industries and businesses. Mr. Wilton commences in the role immediately. Since January Peter has been assisting the board with their review of Corum’s businesses.   

Decision Sciences International Corporation, Virginia, $8.61M, March 2016
Decision Sciences International Corporation appointed Dwight Johnson as its President and CEO. Mr. Johnson will also join the company's Board of Directors. Most recently, he was the President and CEO of ITS Technologies & Logistics, with more than 93 operations in 3 countries and more than 3, 000 employees.

eMoney Advisor, Pennsylvania, $5.20M, March 2016
eMoney Advisor has appointed Edward O'Brien as its new CEO. O'Brien recently served as SVP and head of platform technology for Fidelity Institutional supporting advisors in various roles. He also launched AdvisorTech.                                    

Agile Network, Missouri, $4.50M, March 2016
Agile Network appointed Kevin V. Cox as their new CEO. As the GM for iShip and ConnectShip, two wholly owned technology subsidiaries of United Parcel Service®, Kevin lead both companies to extensive global expansion while overseeing substantial advances in transportation technologies for enabling commerce, driving surging growths in revenue.                                    

Now News Digital Media Technology, Taiwan, $2.46M, March 2016
On March 25, 2016 Yih-Jong Shy's employment as the CEO with NowNews Digital Media Technology Co. terminated. On the same day, the Board of Directors of the company appointed Shuo-Wei Shih as the CEO of the company. Before joining the company, Mr. Shih has been a director of GIA Investment. From 2007 to 2012, Mr. Shih was the founder of Sunrise Global Solar Energy.                                    

VidWrx, Canada, $0.38M, March 2016
VidWrx announced that Steven Hancock will assume the role of CEO of the company, replacing George Fleming who will remain on the board of directors as Chairman to assist the company during a three-month transition period. Mr. Hancock was recently appointed to the board of the Company and subsequently as President. As CEO, Mr. Hancock will assume all the responsibilities for operations and report to the board.   

800 Commerce, Florida, $0.19M, March 2016
800 Commerce announced B. Michael Friedman resigned as the CEO and as the sole member of the Board of Directors of the company. Christos Traios has been appointed CEO and is now the sole member of the Board, and shall serve until the 2016 Annual Meeting of Stockholders and thereafter, until his respective successor is duly elected and qualified. Mr. Traios is the sole officer and director as well as sole shareholder of Petrogres.  

Keek, Ontario, $0.16M, March 2016
Keek announced that Mark Itwaru has been named Chairman and CEO of Keek. Keek held an annual and special meeting of its shareholders on March 11, 2016, where the shareholders elected Mark Itwaru to the Board of Directors and subsequently appointed him as Chairman and CEO of Keek, replacing interim CEO Dimi Paun who remains as CTO.

India Ecommerce, Pennsylvania, $0.03M, March 2016
India Ecommerce Corporation appointed Messrs. Jim Kiles and Paul Overby to two vacant positions on the company's Board of Directors. Mr. Kiles was also appointed President and CEO in the place of Ashish Badjatia, who resigned as President and CEO to permit Mr. Kiles to assume these positions. Jim Kiles, age 62, is the Founder of Ystrategies, a consulting firm providing investment, development and strategic support for technology platforms.   

Eyecarrot Innovations, Canada, $0.01M, March 2016
Eyecarrot Innovations Corp. appointed Adam Cegielski, Founder of Eyecarrot, as President and CEO. Dr. Brent Norton MD has resigned as President, CEO and Director of the company.        

AppYea, Texas, March 2016
Effective March 7, 2016, AppYea announced that Devin Beavers resigned as interim CEO and interim CFO of the company. On March 7, 2016, the board of directors of the company voted by written consent to appoint Douglas O. McKinnon to serve as CEO and CFO of the company. Over the past two years, Mr. McKinnon has served as EVP, CFO and member of the Board of Directors of Surna.                                    

itelligence, Germany, March 2016
itelligence AG announced the retirement of Herbert Vogel as its CEO in July 2016. The long-standing CFO of itelligence AG, Norbert Rotter will take over from him as CEO of the company on July 1, 2016. Norbert Rotter has been a member of the Management Board of itelligence AG since January 1, 2008.   

Saba Software, California, March 2016
Saba announced the addition of Pervez Qureshi as CEO and member of the board of directors. Qureshi was President and CEO of Epicor Software Corporation and a member of its board of directors.    

Research Now, UK, March 2016
Research Now announced that Gary Laben has been chosen as the new CEO and will become a member of the Board. He succeeds former President and CEO Kurt Knapton, who tendered his resignation in October 2015, but remains on the Board. Laben brings over 25 years of executive leadership and industry experience in using data to power marketing decisions for clients, most recently serving as CEO of KBM Group and as Global Chief Data Officer of Wunderman.

Healthwise, Idaho, March 2016
Healthwise announced that Robert Bob Kyte will replace Donald W. Kemper as CEO starting July 1, 2016. Kyte worked for Healthwise as general counsel and other roles from 1990 to 2009. Kyte most recently worked as president of the nonprofit Adventist Risk Management, a risk-management insurance broker and administrator. He also was president and CEO of GENCON Insurance Co., an affiliate of Adventist Risk Management.   

Omnifone, UK, March 2016
Omnifone Limited appointed Doug Imrie as CEO. Previously Managing Director and COO at Omnifone, Imrie is promoted to CEO with immediate effect.

SMA Alliance, Virginia, March 2016
SMA Alliance announced that CEO Andrea Smith has stepped down and is assuming the role of Secretary. Austin Kit Jennings will succeed her. Kit Jennings, a Navy Veteran, who also served in the Wyoming Senate, brings strong international energy experience to SMA Alliance. Mr. Jennings has served on the Advanced Conversion Technologies Task Force, and the UW Energy Resource Council. Mr. Jennings has corporate leadership experience in Russia, Vietnam, and China, in addition to his energy experience in the United States. 

Gatehouse, Denmark, March 2016
GateHouse Holding A/S appointed Jesper Bennike as CEO of its wholly-owned subsidiary GateHouse Logistics A/S. Bennike served as VP for Seoul Semiconductors for its mobile device business unit with responsibility for product development and global sales. In 2014, he was appointed VP of business development with mobile intelligence and connectivity leader Tweakker, now part of Spirent Communications plc.     

Exactus, New York, March 2016
Exactus announced that it had appointed Phillip J. Young as the company’s President, CEO, and Chairman of the Board. He was previously appointed as a member of the Board on February 29, 2016. Mr. Young was a Founder of Exactus BioSolutions, the company acquired on February 29, 2016, and served as its Chairman, President and CEO.

DRIVEWAY SOFTWARE, California, March 2016
Driveway Software appointed Mike Simmons as CEO. Simmons succeeds company founder and CTO, Igor Katsman, who will stay with the company, focusing on its next generation of mobile telematics technology. Simmons was previously with Automatic Labs, where he architected partnerships with five of the top ten insurers in the US, in addition to partnerships with OEMs and other leaders in the automotive industry.

Nutonian, Massachusetts, March 2016
Nutonian made two major announcements to scale its enterprise. Jeff Dickerson, a successful tech entrepreneur, will join the company as CEO, and Chris Lynch, current investor and partner at Accomplice, will join as the company’s Chairman. Dickerson has 25 years of experience building teams, growing businesses, and launching cutting-edge technologies at small, medium, and Fortune 500 companies. He was formerly Chairman and CEO of The Neat Company.

OmniSeq, New York, March 2016
OmniSeq appointed Mark Gardner as CEO and member of its Board of Directors. He is currently VP and general manager for Thermo Fisher's Next Generation Clinical Sequencing business.

hi-ho, Japan, March 2016
hi-ho appointed Chairman Koichi Suzuki as Chairman, President & CEO, duties includes Chairman and CEO of Internet Initiative Japan.    

Lavu, New Mexico, March 2016
Lavu announced that Marc Chesley has been named CEO, succeeding the company’s founder, Andy Lim who will step down as CEO. Lim will remain on the Board of Directors of the company. Chesley is a veteran of the SaaS and small business market serving as Chief Technology Officer for Infusionsoft. 

Reflexion Health, California, March 2016
Reflexion Health has appointed Joseph Smith, MD, PhD, as the company's new CEO. Dr. Smith has been serving as interim CEO since December 2015 and has been a member of Reflexion Health's board since October 2012.                                    

FireScope, California, March 2016
Michael Menegay, a 30-year proven IT executive, has joined the company to assume the role of CEO, while Leanne Porter, present CEO, has assumed the role of COO. Mike's past experience includes being the founder and/or CEO of six privately-held technology companies. Prior to the company, Mike was CEO & President of Encryptics, where Mike has extensive expertise.                                    

Kindara, Colorado, March 2016
Kindara has named Denise Franklin as CEO. She most recently was VP of revenue at Boulder-based SendGrid Franklin has previous experience at other Boulder tech startups going back to the late 1990s, including @Last Software and Message Media, both of which were acquired by Google.  

Metrodigi, California, March 2016
Metrodigi added Kathryn Stewart as CEO. Stewart has more two decades of experience in operations management, editing and design within the publishing industry, and she is a recognized thought leader in the education industry. She was most recently COO at the company, and previously held senior positions at Thompson and Cengage Learning prior to her tenure at Metrodigi.                                    

Omicia, California, March 2016
Omicia announced that Matt Tindall has been appointed CEO and Director. Prior to Omicia, he served as general manager of the Consumer Solutions division of IMS Health.                                    

F.T.S. - Formula Telecom Solutions, Israel, March 2016
FTS appointed Avi Kachlon as its new CEO. Avi brings a wealth of over 20 years' experience in the telecom and software industries to FTS. Having previously spent many years at Amdocs as VP of Customer Delivery & Services, Avi has extensive expertise in the telecom billing, CRM and policy control space.                                    

Vodafone-Panafon Hellenic Telecommunications Company S.A., Greece, March 2016
Vodafone Greece named Vodafone Ghana's CEO Haris Broumidis as CEO. Since joining Vodafone Group in 2002, Broumidis held a series of management positions in different markets in which the company operates.

VoAPPs, Georgia, March 2016
VoApps has appointed Mark Chapman as its new CEO, replacing Paul Iaffaldano, who will retain on the board as lead investor. Chapman holds over 25 years of entrepreneurial, operational and financial leadership to VoApps. Most recently, he served with Vendormate.                                    

Halo Privacy, Washington, March 2016
Kevin Kelly has been appointed as CEO of Halo Privacy. Kelly served as CEO of Heidrick & Struggles International previously.

Digilant, Massachusetts, March 2016
Digilant appointed Alan Osetek as its Global CEO. Osetek most recently served as Global President of Resolution Media overseeing the global growth of Omnicom Media Group's search, social and digital performance media unit.

Pakistan Telecommunications Mobile, Pakistan, March 2016
Ufone has appointed Reiner Rathgeber as its CEO. Rathgeber will replace Abdul Aziz. In 2002, Rathgeber joined Deutsche Telekom Group where he initially (in parallel) held the positions of head of strategy for T-Mobile Germany and EVP of sales and service strategy for T-Mobile International.

Telecommunications Industry Electronics Joint Stock Company, Vietnam, March 2016
TIE announced that Deputy CEO Le Ngoc Hung has replaced Vu Quoc Vinh as CEO.

RiskFirst Limited, UK, March 2016
RiskFirst has appointed a new leadership team in order to drive further growth in core and prospective markets. Matthew Seymour has been appointed to the newly-established role of CEO and will lead the senior leadership team, Seymour joined RiskFirst in 2009 and most recently held the position of Commercial Director.

CIAO Group, Texas, March 2016
CIAO Group appointed Aubrey Brown as a Director and CEO of the Company and the resignation of Eugenio Santos as a director and officer of the Company. Brown has been the founder and/or co-founder of five companies in the Network Security market. 

OptimizeRx, Michigan, March 2016
OptimizeRx, the provider of technology solutions for health care industry, appointed William Febbo as CEO, replacing David Harrell, who will continue as Chairman. Febbo brings more than 18 years of experience in building and managing health services and financial businesses. Before joining company, Febbo served as Chairman and Founder of Plexuus. 

PatientSafe Solutions, California, March 2016
The provider of connected healthcare workflow and care coordination solutions to hospitals PatientSafe Solutions appointed company co-founder, Si Luo, to the position of president and CEO. Luo has played an integral role in the evolution of PatientSafe Solutions since its founding in 2009, and will continue to lead the company with an aggressive go-to-market strategy and a bold vision for the future of clinical mobility. 

Sterling Software (SSPL), India, March 2016
SSPL, a Chennai-based IT software product and services company, has appointed Suresh Kuppuswamy as its CEO. Kuppuswamy is a TCS veteran and has been a global delivery leader with IBM Germany for over five years. 

Elite Daily, New York, March 2016
Millennial news and lifestyle site Elite Daily’s CEO and editorial director David Arabov is leaving, along with COO Jonathon Francis. Arabov will be succeeded by David Moss, Elite Daily’s vp of content. Elite Daily was acquired The Daily Mail for $40 to $50 million last year.

Recent Vell Placements

For Specific bios and announcements, please refer to Vell Website

vArmour, Security Software - Board Member
$70m EdTech SaaS Co. - SVP Sales & Services
$70m EdTech SaaS Co. - CTO

Secure Document Company SaaS - CIO  (with strong Security)
Quantum Computing Company, CFO 

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)    
$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.)
CMOSaaS Software Company

Vell Team

Dora Vell - Managing Partner
Dal Coger – Vice President
Marie BovaManager, Business Operations/EA
Paula Axelrod – Vice President
Judy Smith - Senior Consultant
Ajanta Banerjee – Business Research Associate
Tori Agel – Marketing Coordinator

Read 3362 times Last modified on Friday, 14 August 2020 17:43
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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