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Monday, 09 May 2016 11:36

106 Open Tech Roles and 97 Appointments Featured

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Detailed Version of Newsletter for month ended April 2016

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

Total Tech CEO Roles Open:106  
New Tech CEO Appointments:97 (7 women, 90 men)

New Technology CEO Stats

New Tech CEO Openings:12 - The Priceline Group (CT), Symantec (CA), Marvell Technology Group (Bermuda), Cypress Semiconductor (CA), GB Group (UK), Tecnotree (Finland), Temple & Webster (Australia), Europtronic Group (Singapore), VerifyMe (India), Interups (NY), VGTel (NY), Compliance Science (NY).

CEOs Appointed

Sources of Appointments: 42 were External appointments, and 55 were internal promotions – Chair/Director (5), iCEO (3), COO/President/EVP-Operations (17), Divisional execs (5), Founders (2), Others (24)

Others:  former execs, CFOs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, Leaders from acquired companies, etc.

Diversity:  6.8% of the appointments are women CEOs. Astro Malaysia (Malaysia), Varitronix International (Co-CEO, Hong Kong), Professional Diversity Network (Illinois), Eventbrite (CA), TaskRabbit (CA), VCCircle Network (India), TechSmith (MI), were seven companies out of 97 appointing women CEOs.

Geographic Distribution: 52 in the US, 1 in Canada, 20 in Europe and 21 in Asia/Russia

The average and median times open CEO roles have been open are about 5 months, and there is little variance by continent.  The longest open searches are:

#1 -  TeleCity Group, London, UK - $529.6M, September 2014  
#2    Shanda Games Limited, China - $714M, November 2014  
#3 - Atmel Corporation, San Jose, CA -  $1.4B , May 2015
#4 -  Wi-LAN, Ottawa, Ontario - $98.3M, June 2015.     

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.

In this Edition

Tech Companies - CEO Roles Open
Tech Companies - CEO Roles Announced
Vell Research Reports and Summary Updates
Vell Executive Search Recent Placements
Vell Executive Search Team

You can subscribe to our Open Roles Newsletters and research reports.

Tech Companies: CEO Roles Open

 This is the detailed version of the Open CEO 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.

The Priceline Group, Connecticut, $9.22B, April 2016
The board of directors of The Priceline Group Inc. appointed former CEO and current chairman Jeffery H. Boyd as interim CEO and president, while the board conducts a search to name a successor. The appointment followed the resignation of Darren Huston as president, CEO and director.

Symantec Corporation, California, $6.17B, April 2016
Symantec Corporation announced that Mr. Michael A. Brown will be stepping down as President and CEO. Mr. Brown will continue to serve as CEO and as a director of the Company until a successor has been appointed.

Marvell Technology Group, Bermuda, $2.96B, April 2016
Marvell Technology Group Ltd. announced the departure of CEO Sehat Sutardja and President Weili Dai from their management positions. Dr. Sutardja and Ms. Dai will remain on the board of directors, with Dr. Sutardja continuing as chairman. The board, in conjunction with a leading executive search firm, will conduct a search for a new CEO and President. The board has formed an interim office of the chief executive to oversee day-to-day leadership of the company's operations. The interim office of the chief executive will be headed by Ms. Maya Strelar-Migotti, EVP, Smart Networked Devices and Solutions (SNDS) Business Group and Dr. Pantelis Alexopoulos, EVP of the Storage Business Group, as interim co-CEOs.

Cypress Semiconductor, California, $1.81B, April 2016
Cypress Semiconductor Corp. announced that its CEO, T.J. Rodgers, will step down. In the interim, daily operational activities will be taken over by an Office of the CEO comprised of four current Cypress EVPs: Hassane El-Khoury (EVP, Programmable Systems Division), Dana Nazarian (EVP, Memory Products Division), Joe Rauschmayer (EVP, Manufacturing) and Thad Trent (CFO). Rodgers will remain on the Cypress Board and become a project leader working on key technical projects.

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.

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.

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.

GB Group, United Kingdom, $100.5M, April 2016
GB Group plc announced that, after 13 years as CEO of GBG, Richard Law has formally decided to retire and asked the board to start the search for a successor. Richard has family matters that need his attention and these can be best served by him following a more flexible portfolio career once his commitments to GBG have been fulfilled.

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.

Tecnotree, Finland, $82.4M, April 2016
Tecnotree has announced the resignation of Ilkka Raiskinen as CEO following its application for a restructuring programme designed to stave off bankruptcy. Tecnotree appointed the EVP MEA & APAC Padma Ravichander as Interim CEO as of April 18, 2016. Ravichander has been with Tecnotree for a duration of 5 years. Previously she assumed a position as Head of the Unit of Consulting and Outsourcing at Mercer.

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.

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.

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.

Temple & Webster, Australia, $24.0M, April 2016
Board of Temple & Webster Group Ltd. has accepted the resignation of Brian Shanahan as CEO and also appointed Mark Coulter, current COO as Interim CEO.

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.

Europtronic Group, Singapore, $18.7M, April 2016
Europtronic Group Ltd. announced the resignation of Mr. Huang Chien-Hung as CEO and Executive Director of the company with effect from 8 April 2016. In the interim period, the duties of the CEO would be undertaken by the Vice Chairman the Company, Mrs. Huang Chuang Shueh-Ou.

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.

VerifyMe, India, $0.2M, April 2016
VerifyMe announced that Paul Donfried has resigned as President and CEO of the Company as well as his positions as a director on the Company's Board of Directors in order to pursue other business and personal interests. Donfried has agreed to assist the Company in making a smooth transition to new leadership.

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.

Interups, New York, April 2016
Until April 26, 2016, the company's sole director and officer was Likhitha Palaypu, who resigned as an officer, and is the daughter of Laxmi Prasad, formerly the company's majority shareholder. The company appointed Hadley W. Donenberg as Director, Interim CEO. He relocated to the United States in 1994 and formed Haddon Corporation, which has long-standing business and legal relationships in many countries, including offices in South Africa, Bulgaria, United Kingdom and Peru. In addition, through Mr. Donenberg's status as a former national Chairman of the Jewish National Fund of South Africa, and as former President of the Chicago/South Africa Chamber of Commerce, he has excellent access to owners of hedge funds, high net worth individuals, and other persons with global influence.

VGTel, New York, April 2016
VGTel announced that effective August 31, 2015, the interim management team, consisting of Amilya Antonetti, interim CEO, and K. Bryce Toussaint, interim President elected not to renew the 90-day interim management contract, and as of August 31, 2015, Ms. Antonetti and Mr. Toussaint are no longer affiliated with the company. The Board of Directors is seeking replacements for both President and CEO positions.

Compliance Science, New York, April 2016
Compliance Science announced co-founder and CEO Mitch Kraskin has stepped down from his role as CEO. Effective March 29, David Eisner, a board member since March 2015, has assumed the role of executive chairman of Compliance Science and will be responsible for the company's operations and appointment of the next CEO. Michael D Angelo continues in his senior executive and board roles. Mr. Kraskin remains a non-executive board member of the company he co-founded in 2003.


Tech Companies: CEOs Appointed


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

China Telecom Corp. Ltd., China, $52.1B, April 2016
China Telecom Corp. Ltd. announced that Mr. Yang Jie, an Executive Director of the Company, has been appointed as the Chairman and CEO of the company with effect from 25 April 2016 until the annual general meeting of the company for the year 2016 to be held in year 2017. Mr. Yang Jie no longer holds the offices of the President and COO of the company with immediate effect. 
Orange, France, $43.7B, April 2016
Orange has announced the appointment of Elie Lobel as CEO of Orange Healthcare, which also becomes the healthcare subsidiary within Orange Business Services. Elie Lobel will be responsible for the Orange Business Services healthcare subsidiary and its operational management. Previously, Elie Lobel was the Director of the National E-health Projects Unit of ASIP Santé, the public agency responsible for promoting the deployment of e-health in France.
Pegatron Corporation, Taiwan, $36.8B, April 2016
Pegatron Corporation announced the appointment of Mr. Syh-Jang Liao as President and CEO, SVP and COO replacing Jason Cheng as President and CEO, with effect from July 1, 2016.
Renesas Electronics, Japan, $5.9B, April 2016
Renesas Electronics Corporation at its meeting of the Board of Directors held on April 15, 2016, approved the appointment of Bunsei Kure as Representative Director, President and CEO from the position of Executive Adviser to CEO., Netherlands, $5.1B, April 2016 B.V. announced that current President and COO Gillian Tans has been named as CEO of, replacing Mr. Huston who also served as CEO of that business unit.
MegaFon, Russia, $4.7B, April 2016
MegaFon announced that the board of the directors has accepted the resignation of Ivan Tavrin as CEO of the company. The board has designated Mr. Sergei Soldatenkov, the chairman of the board and a former CEO of MegaFon, as the new CEO for a term of three years ending on the date of the 2019 Annual General Meeting of Shareholders.
First Solar, Arizona, $4.0B, April 2016
First Solar announced that current CFO Mark Widmar has been appointed CEO, effective July 1, 2016. He will also join the First Solar Board. Widmar will succeed James Hughes, who plans to step down as CEO, effective June 30, 2016.
Gemalto, Netherlands, $3.3B, April 2016
Gemalto announced that CEO Olivier Piou has decided to retire from the company at the end of August 31, 2016. Mr. Philippe Vallée, currently COO of Gemalto, will be proposed by the Board of directors at the annual general meeting of shareholders to become an Executive Director of the Board and the company's new CEO, effective September 1, 2016.
Telecom Argentina, Argentina, $3.1B, April 2016
Mrs. Elisabetta Ripa, CEO of the Telecom Argentina Group, has communicated to the Board of Directors her decision to return to Italy to take over responsibilities in new projects in the Telecom Italia Group, ceasing in her responsibilities as CEO on May 12, 2016. Consequently, the Board of Directors of the company, in its meeting held on April 29, 2016, has resolved to appoint Mr. Germán Horacio Vidal as CEO of the Telecom Argentina Group, as the replacement of Mrs. Elisabetta Ripa, effective as of May 12, 2016.
Plexus, Wisconsin, $2.5B, April 2016
Plexus Corp. announced that COO Todd Kelsey will assume role of President and CEO.
Pivot Technology Solutions, California, $1.4B, April 2016
Pivot Technology Solutions announced that President Kevin Shank has been appointed as CEO of the company, effective May 1, 2016. Pivot's current CEO, Mr. Warren Barnes, will remain on Pivot's Board of Directors, and, additionally, intends to sign a 12 month consultancy agreement with the company. Kevin Shank brings 20 years of senior leadership experience in the IT industry.
Astro Malaysia, Malaysia, $1.3B, April 2016
Astro Malaysia Holdings Berhad announced re-designation of Dato' Rohana Binti Tan Sri Datuk Haji Rozhan from CEO to Group CEO. The effective date is April 01, 2016. The re-designation is intended to better reflect Dato Rohana Rozhan's role and responsibilities in the AstroMalaysia Holdings Berhad group of companies.
3D Systems, South Carolina, $666.2M, April 2016
3D Systems Corporation announced management team changes to accelerate the company’s growth strategy. Effective immediately, the 3D Systems board appointed former HP Printer Boss Vyomesh Joshi (VJ) as President and CEO. Joshi succeeds Interim-President and CEO Andy Johnson, who will continue in his role as 3D Systems’ EVP and Chief Legal Officer.
Alcatel-Lucent Enterprise S.A., France, $606.4M, April 2016
Alcatel-Lucent Enterprise approved the appointment of Jack Chen as the company's new CEO. He succeeds Jeff Ma. Chen harbours more than 25 years of experience in the telco industry and was previously the head of APAC and China Wireless business in Alcatel-Lucent.
Oxford Instruments, United Kingdom, $567.9M, April 2016
Oxford Instruments plc announced the appointment of Ian Barkshire, currently COO of the company, as CEO. Ian will succeed Jonathan Flint, who has informed the board that he will step down from his current position after eleven years in the role. 
ModusLink Global Solutions, Massachusetts, $487.0M, April 2016
ModusLink Corporation announced that the resignation of John Boucher as President and CEO of the company, the appointment of Warren G. Lichtenstein as interim CEO of the company, and the appointment of James R. Henderson as the CEO of the company. Henderson previously served as Acting CEO of School Specialty.
Varitronix International, Hong Kong, $321.0M, April 2016
The Varitronix International Limited announced that Mr. Su Ning has been appointed as an executive Director and a co-CEO of the company, and Ms. Ko Wing Yan, Samantha, an executive Director, has been redesignated from the CEO to a co-CEO of the Company with effect from 28 April 2016 upon Completion.
Logicalis UK, United Kingdom, $294.8M, April 2016
Logicalis UK announced the appointment of Bob Swallow as the new managing director. Bob takes on the role having previously been in place as Sales Director for Logicalis UK where he played a key part in defining the strategy, direction and structure of the business to better support its customers as they embark on the digital transformation of their businesses.
Ricoh India, India, $291.4M, April 2016
Ricoh India Ltd. appointed Mr. A.T. Rajan, SVP and Chief Strategy Officer of the company as an additional director, Managing Director and CEO of the Company.
Memtech International, Singapore, $141.8M, April 2016
Memtech International Ltd. announced the appointment of Gu Cheng Hua as CEO, effective April 1, 2016. Mr. Gu remains as an Executive Director of the Company. He will also continue his responsibility current position of President of Nantong Memtech Technologies Co. Ltd.
SeaChange International, Massachusetts, $107.0M, April 2016
SeaChange International announced the appointment of Edward Terino to the position of CEO, effective April 6, 2016, immediately following the SeaChange board of directors’ termination of the employment of prior CEO Jay Samit. Mr. Terino had previously served as SeaChange’s COO, beginning June 2015, with global responsibility for product development, engineering, services, sales and marketing.
Q-Free, Norway, $100.6M, April 2016
Q-Free ASA announced that Håkon Volldal is employed as new CEO for the company. Volldal will start in his position on 1 August 2016. Håkon Volldal, a Norwegian citizen, has held several senior positions in TOMRA, where he has been employed since 2004. Currently Volldal holds the position as EVP and Head of business area TOMRA Collection Solutions.
DASAN Zhone Solutions, California, $94.2M, April 2016
Zhone Technologies Inc., Dragon Acquisition Corporation, DASAN Networks Inc. and Dasan Network Solutions Inc. entered into an Agreement and Plan of Merger. The Merger Agreement provides that, upon the consummation of the Merger, Zhone Technologies Inc. will change its name to DASAN Zhone Solutions Inc. and the company will appoint Messrs. James Norrod and Yung Kim as Co-CEOs.
China Fire Safety Enterprise, Hong Kong, $87.1M, April 2016
The Board of China Fire Safety Enterprise Group Limited announced that, with effect from 5 April 2016, due to the re-division of role and function of the Company: Mr. Jiang will cease to be an executive Director and CEO and will be re-designated as a non-executive Director, Vice-Chairman and the Chief Business Development Officer of the Company. Mr. Zheng Zu Hua will be re-designated from non-executive Director to executive Director and has been appointed as the CEO of the Company. Zheng was appointed as a non-executive Director of the Company on 29 July 2015. He was an executive director and the CEO of Pteris before he re-designated as a non-executive director and the chairman of Pteris on 5 April 2016.
EYANG Holdings, China, $79.8M, April 2016
The board of EYANG Holdings (Group) Co., Limited announced that Mr. Huang Mingxiang has been appointed as an executive director of the company, the chairman of the board and the CEO of the company with effect from May 3, 2016. Mr. Huang has over 35 years of experience in the banking industry. Prior to joining the cmpany, he served as the Chairman and CEO of a reputable investment bank in Hong Kong.
Propel Media, California, $78.8M, April 2016
Propel Media has made changes were effected with respect to the management of the company, which changes will become effective as of April 30, 2016. Marv Tseu was appointed as the company's CEO. He will cease being the company's President.
Maxnerva Technology Services, Hong Kong, $66.1M, April 2016
The Board of Maxnerva Technology Services Limited announced that Mr. Sung Mahn Baker has been appointed as the CEO and the executive Director of the company with effect from 12 April 2016. On the same date, Mr. Hui Lap Shun John ceased to be the acting CEO of the company. Prior to joining the Company, Mr. Baker was the VP in sales of Samsung Electronics in Seoul, Korea.
New Sports Group, Hong Kong, $64.9M, April 2016
Mr. Zuo Jian Zhong has tendered his resignation as the CEO of the Company with such resignation to take effect from 1 April 2016. Mr. Zhang Xiaodong has been appointed as the chairman and the CEO. Xiaodong has been a director and vice chairman of Starlight Financial Holdings Limited.
Pixelworks, California, $56.3M, April 2016
Pixelworks’s board of directors announced the promotion of COO Todd DeBonis to president and CEO of Pixelworks, effective immediately, replacing interim CEO Stephen Domenik, who will continue to serve as a director on the Board.
NEC Europe, United Kingdom, $53.6M, April 2016
NEC Europe Ltd. announced the appointment of Masahiro Ikeno as President and CEO. He previously served as the VP of NEC Corporation's Global Business Unit, where he was responsible for NEC's international business operations in North America, Latin America and EMEA.
Ta Yang Group Holdings Limited, Hong Kong, $53.5M, April 2016
The Board of Ta Yang Group Holdings Limited announced that Ms. Shi Qi has been appointed as an executive Director, the CEO and the chairman of the Board. Ms. Shi was responsible for financing, devising the conceptual design and the implementation plan and monitoring and managing the progress of the construction. Ms. Shi will also be responsible for the project’s subsequent operation and maintenance for 30 years.
Professional Diversity Network, Illinois, $38.6M, April 2016
Professional Diversity Network appointed Ms. Katherine Butkevich as CEO of the company, effective March 30, 2016. The company's CEO, Jim Kirsch, has transitioned to Executive Chairman with direct management responsibility for PDN's recruitment assets. Most recently Ms. Butkevich was the COO/CFO of Recyclebank. She was also the former CFO of NAPW, the company's prime asset. She began her career at KPMG and is a Certified Public Accountant.
Steatite Limited, United Kingdom, $37.0M, April 2016
Steatite Limited announced the appointment of Matthew Thomas Richards as Managing Director of the company. Mr. Richards has considerable senior management experience in both private and public companies, most recently as SVP and Managing Director at API Technologies Corp, Managing Director for Secure Systems & Technologies Limited and as Business Unit Director at Vislink plc for the defense and security sectors.
Metronet (UK) Ltd, United Kingdom, $24.2M, April 2016
Metronet (UK) Ltd. has appointed Lee Perkins as its new CEO. He has 20 years of IT industry experience and was most recently EVP and Managing Director of Sage UK & Ireland.
WPCS International, California, $18.6M, April 2016
On April 25, 2016, WPCS International Incorporated appointed Sebastian Giordano as CEO of the Company, removing the interim label from his title. Mr. Giordano has served as the Interim CEO of the Company since August 2013 and as a director of the Company since February 2013. Since 2002, Mr. Giordano has also served as the CEO of Ascentaur, LLC.
Norman Broadbent, United Kingdom, $13.8M, April 2016
Norman Broadbent Plc announced that Mike Brennan will joining the company as Group CEO on the April 25, 2016, and will join the Board with immediate effect. Most recently Mike worked at Alexander Mann Solutions Limited.
Schmitt Industries, Oregon, $12.6M, April 2016
On April 12, 2016, the Board of Directors of Schmitt Industries approved the appointment of David M. Hudson as its President and CEO, and Ann M. Ferguson as its Corporate Secretary effective immediately. Mr. Hudson has served as the company’s interim President and CEO since January 8, 2016.
Helios and Matheson Analytics, New York, $9.7M, April 2016
Helios and Matheson Analytics Inc. announced that on March 31, 2016, Divya Ramachandran resigned as President and CEO and as a director. Parthasarathy (Pat) Krishnan is now President, CEO, Interim CFO, Principal Financial Officer, Director of the Company. He is a technology entrepreneur and his expertise includes Cyber Security, Continuous Authentication, Image Processing using Cellular Automata & Symbolic Computing, Big Data Analytics (Hadoop), Low Latency Computing, Cloud Computing, Product Architecture & Development, Market Analysis, Solution Delivery, team building and mentoring. From May 2013 to March 2016, Mr. Krishnan was the CTO and Co-Founder of Ciberoc Corporation.
Minds + Machines Group, British Virgin Islands, $6.3M, April 2016
Minds + Machines Group Limited confirmed that the proposed appointment of Toby Hall as CEO and to the board as announced on February 22, 2016 was approved at the company's board meeting on April 26, 2016. Toby Hall is an experienced marketeer who has supported many AIM quoted and private businesses in the Internet and natural resources sectors over the last twenty years. In this capacity, he has been an adviser to Minds + Machines Group Limited since its inception, and Chief Marketing Officer since January 2016.
InnoWave Technologies, Portugal, $5.7M, April 2016
InnoWave Technologies has announced the appointment of Adam Eld as Managing Director for InnoWave UK. He will assume full operational and management responsibility for InnoWave's business in the UK, and be based at the company's new UK offices in London Victoria.
Debt Resolve, New York, $5.7M, April 2016
On April 19, 2016, Debt Resolve announced that Stanley E. Freimuth, CEO and Acting CFO, indicated his intention to step down from those positions on May 15, 2016, after having led the company for much of the past three years. Mr. Freimuth will remain a director of the company and a consultant and will continue to provide his insight to the company as it executes the business plan that he was instrumental in creating. Bruce E. Bellmare, current COO, will assume the positions of CEO and Acting CFO on May 16, 2016. Mr. Bellmare has been COO since February 2016 and, prior to then, an independent consultant to the company since 2015, assisting Mr. Freimuth on financial and operational matters.
SpendSmart Networks, California, $5.6M, April 2016
SpendSmart Networks announced that effective April 14, 2016, Jerold Rubinstein resigned as a Director and interim CEO of the company, and also announced that effective April 19, 2016, the company appointed Luke Wallace to the position of CEO. Mr. Wallace was a co-founder of the SMS Masterminds business that the company purchased in 2014 and had been serving as the company's COO. The company also appointed Tim Boris, the company's General Counsel, to the position of President.
Lite Access Technologies, Canada, $1.3M, April 2016
Lite Access Technologies announced that effective immediately Co-Founder Mike Plotnikoff will be assuming the role of CEO.
Virtual Piggy, California, April 2016
On April 9, 2016, Kathe Anchel resigned from her positions as President and CEO and as a member of the Board of Directors of Virtual Piggy Inc. On April 14, 2016, the company appointed John Coyne as CEO and as Chairman of the Board and a member of its Board of Directors, with such appointments to take effect on April 18, 2016. Mr. Coyne, aged 63, has over 30 years' experience in the technology, financial services, media and defense industries. More recently, Mr. Coyne provided advisory services to European banking institutions, including the Bank of England and the Dutch financial regulators.
Forcepoint, Texas, April 2016
Forcepoint announced that its board of directors has appointed Matthew P. Moynahan as CEO effective May 9, 2016. Moynahan, 45, joins Forcepoint with more than 20 years of experience at some of the world's leading security and information technology companies. Moynahan succeeds interim CEO Jim Hagan, who will remain as Forcepoint COO, and previous CEO John McCormack, who served as CEO of Websense Inc., Raytheon|Websense and Forcepoint from 2013-2016. Since 2012, Moynahan has served as president of Arbor Networks, which was recently acquired by NetScout Systems.
ObserveIT, New York, April 2016
ObserveIT announced the appointment of Mike McKee as the company's CEO. McKee, a customer-focused executive with 20 years of global experience in the software industry, is based in ObserveIT's Boston, Mass. headquarters. McKee takes the helm at ObserveIT to guide the company to its next level of growth and success. Prior to joining ObserveIT, McKee served as an Executive Officer at Rapid7.
Aviatrix Systems,California, April 2016
Aviatrix Systems announced the appointment of Steven Mih as CEO. Mih most recently served as the SVP of worldwide field operations at Mesosphere, starting in early 2015.
Intelie, Brazil, April 2016
Intelie hired Lélio Souza as CEO. Souza replaces Ricardo Clemente, who has been transferred to Houston to lead Intelie's first international office. Souza is a former director at Brazil's Totvs, where he participated in the creation of Totvs Consulting and of the firm's so-called private division.
Vectorworks, Maryland, April 2016
Vectorworks has appointed Biplab Sarkar as CEO. Prior to his new appointment, Sarkar served as Vectorworks' CTO for eight years and as geometry manager before that. He also held various software engineering and R&D roles with ICEM Systems, Intergraph and Parametric Technology Corporation.
Delphix, California, April 2016
Delphix has appointed Chris Cook as president, CEO and a member of the board of directors. The founding CEO Jedidiah Yueh will transition to executive chairman. Most recently, Cook served as president and COO of New Relic, a software analytics leader, where he spent over four years scaling the company's operations, leading to a successful IPO in 2014.
Eventbrite, California, April 2016
Eventbrite announced the appointment of Julia Hartz to CEO and to the Board of Directors, effective immediately. Julia co-founded the company in 2006, and helped to drive its growth from an idea to a thriving global technology platform that delivers a superior, end-to-end customer experience. Co-Founder Kevin Hartz remains on the board and as Executive Chairman.
Jama Software, Oregon, April 2016
Jama Software has appointed Scott Roth as CEO. Eric Winquist, Jama founder and CEO, will transition to Chief Strategy Officer and Chairman, and focus on expanding the company's product offering and developing strategic partnerships. Roth has over fifteen years of SaaS experience including executive roles in product, marketing, sales and service. Most recently, Roth was EVP and General Manager of Return Path's global 250-person email optimization division. Prior to Return Path, Roth spent six years in executive leadership for ExactTarget prior to and after their $2.5 billion acquisition by Salesforce. Group, California, April 2016
Manage announced that mobile ad veteran Mike Ng has joined the company as CEO to drive sales in new markets and expand its current programmatic capabilities to social media platforms like Twitter. Under Ng's leadership, Manage is creating a single mobile advertising platform for marketers to access and buy mobile in-app and social channel inventory.
TidalScale, California, April 2016
TidalScale Inc. announced that it has appointed Gary Smerdon as President and CEO. TidalScale Founder Dr. Ike Nassi will assume the roles of Chairman of the Board and Chief Technology Officer. Smerdon brings more than 30 years of technology industry experience and has served in a number of executive and general management roles; leading teams across sales, marketing, engineering, and operations.
Bakcell, Azerbaijan, April 2016
Nikolai Beckers, former CEO of Telekom Romania, was appointed as CEO of Bakcell, effective from 1 April. He replaced Richard Shearer who left the company for family reasons.
TaskRabbit, California, April 2016
TaskRabbit announced that, it has named COO Stacy Brown-Philpot as its CEO. Leah Busque, who has led the odd-jobs marketplace since founding it eight years ago, will become executive chairwoman. She previously spent almost a decade at Google, including a stint managing operations for products Google Plus, Android and Chrome, as well as overseeing online sales and operations in India. She's also a director of Black Girls Code.
ANDalyze, Illinois, April 2016
ANDalyze announced that Ron van Os, the former COO at ANDalyze has been chosen by the company’s Board of Directors as its new CEO as of March 31, 2016.
BioCatch, Israel, April 2016
BioCatch announced the appointment of Eyal Goldwerger as CEO. He previously served as CEO of TargetSpot; and of XMPie, a software company providing marketing applications to enterprises and printers, which he led to its successful acquisition by Xerox. He has also been an active board member, advisor, and investor in a wide array of companies, and is currently a Board Member at Galil Software.
ClearView Social, New York, April 2016
ClearView Social announced that Jeff Litvack will join the company as CEO, running the company's day-to-day operations, while founder Adrian Dayton slides into the chief innovation officer role. Litvack most recently served as group president at ALM Media, where he helped lead the successful sale of the company from one corporate partner to another.
Code Navy, California, April 2016
On March 24, 2016, Tamara Semenova as CEO, CFO, Secretary, and Director of Code Navy informed Code Navy that she intends to resign from her positions, effective immediately. On March 24, 2016, Chun Pao Leng was appointed CEO, CFO, Secretary, and Director of the Company. Mr. Leng was appointed by unanimous written consent of the board of directors.
GenArts, Massachusetts, April 2016
GenArts announced George Naspo as its President and CEO. Prior to joining GenArts, he served as President and CEO of Virtacore, a leading cloud services provider specializing in virtual Infrastructure as a Service (IaaS) and disaster recovery (DR) solutions. During his tenure at Virtacore, revenue tripled.
CelLynx Group, California, April 2016
Cellynx Group announced that on April 6, 2016, Mr. John G. M. Ainsworth II, the CEO and Director of the company, resigned. On April 7, 2016 by vote of a majority of the outstanding shares of the company, Mr. Georgios Katsanos was appointed the sole director of the company. Also on April 7, 2016 Mr. Katsanos was appointed the CEO of the company. Mr. Katsanos has worked with and advised privately-owned and public companies in the US, Europe and developing markets since the early 1990’s. In 2014 and 2015, Mr. Katsanos taught at the University of Toledo in the College of Business and Innovation.
Wavefront, California, April 2016
Wavefront announced the appointment of Pete Cittadini as CEO. He replaces interim CEO and co-founder Sam Pullara, who will return to his role as managing director of Sutter Hill Ventures. Cittadini spent 20 years as president and CEO of Actuate. He joined Actuate when it was a young startup in 1995 and took it public three years later.
Context Relevant, Washington, April 2016
Context Relevant announced the appointment of Joseph Polverari as its CEO. Polverari most recently held the position of Chief Strategy & Development Officer at Yodlee.
Furlocity, California, April 2016
Furlocity has named Reid Hislop as new CEO. Reid Hislop has succeeded Denise Fernandez Pallozzi, who orchestrated the company's move from San Diego to Schenectady. Hislop was the VP of marketing and investor relations at Plug Power and a marketing executive at Pitney Bowes Business Insight and MapInfo.
V Star Entertainment, South Korea, April 2016
VStar Entertainment Group announced Eric Grilly as CEO. Prior to joining VStar Entertainment Group, Grilly served as president of Alli Sports.
KinerjaPay, Indonesia, April 2016
On April 1, 2016, Mr. Sergei Rogov, who served as an executive officer and director of KinerjaPay Corp. since February, 2010, resigned as CEO, CFO and a director of the company. The company appointed Mr. Edwin Witarsa Ng, who has served as the Chairman since November 15, 2015, as CEO and interim CFO, in addition to continuing to serve Board Chairman as sole director.
VCCircle Network, India, April 2016
News Corp. owned VCCircle Network has appointed Nita Kapoor as its CEO, and will oversee as head of new India ventures.  Prior to joining VCCircle, Kapoor was the domestic COO at Godfrey Phillips India for over 14 years and SVP of Mudra Communications for 17 years.
Moldtelecom, Moldova, April 2016
Moldtelecom appointed Dan Mitriuc as its new CEO, effective from April 11, 2016. Prior to this, he was deputy director in charge of the financial department of the national railway company of Moldova.
Unit4 N.V., Netherlands, April 2016
Unit4 announced that Stephan Sieber has been appointed CEO with immediate effect. Stephan is currently Unit4’s EVP, Global Sales and succeeds José Duarte, who has led Unit4 since 2013.
Ericpol, Poland, April 2016
Ericsson has announced that Pawel Szczerkowski has been appointed CEO of Ericsson Ericpol in Poland. Szczerkowski has worked for Ericpol since 1996.
Epson America, California, April 2016
Epson America, regional headquarters of Seiko Epson Corporation announced that John Lang, president and CEO will retire effective June 30, 2016. As part of a planned succession, Keith Kratzberg, currently SVP, will assume the role of president and CEO as of July 1, 2016. Keith Kratzberg joined Epson in 1996 and has held positions of increasing responsibility in product development, marketing, sales, strategy, and general management.
Canon Hong Kong, Hong Kong, April 2016
Canon Hongkong Company Limited (CHK) announced the appointment of Shunichi Morinaga as the company's new president and CEO. Morinaga joined Canon's senior management team in 2009 as Director of Canon Europa N.V., leading its product sales & marketing of Consumer Imaging Information Group. He was then promoted as senior director of Image Communication Products Group of Canon (China) Company Limited in 2013 and became the VP two years later.
NEC Asia Pacific, Singapore, April 2016
NEC Asia Pacific announced that Mr. Tetsuro Akagi has been appointed as the new CEO, with effect from 1 April 2016. Akagi has held various senior positions in sales, financial, operational and business management roles in both Japan and other countries since he joined NEC over 30 years ago. He has been NEC Australia's Managing Director since January 2014, where he was responsible for evolving the company into one of the country's leading ICT solutions and services business. Mr. Akagi succeeds Mr. Toshiya Matsuki who has led NEC Asia Pacific's businesses in the region since April 2013.
Greenway Health, Georgia, April 2016
Greenway Health named Scott Zimmerman its new CEO. Zimmerman succeeds Tee Green, co-founder and former CEO of the company, will remain in a full-time role as executive chairman. Prior to joining the company, Zimmerman was president of TeleVox. He has also held positions at Merck, Boston Scientific and GE Healthcare.
Magirus, Germany, April 2016
Marc Diening is appointed CEO of Magirus, CNH Industrials global firefighting equipment business, effective immediately. Diening succeeds Antonio Benedetti, who left the company at the end of 2015 at his own request. Mr. Diening brings a wealth of international experience in equipment manufacturing and senior management, out of which several years at Adtranz and later Bombardier Transportation including four years as General Manager of Bombardier Transportations European site in Hennigsdorf (Germany).
COMBIS, Croatia, April 2016
Hrvoje Isek is new the new CEO of Combis from 1 April, 2016. For more than 16 years, Isek has held leading positions at Hrvatski Telekom (the owner of Combis) and is currently the director of corporate sales of HT. For the last four years, Isek has been a member of the Board of Combis, responsible for sales.
Caradigm USA, Washington, April 2016
Caradigm announced the appointment of Neal Singh as CEO. He replaces Caradigm founder Michael Simpson, who has left to pursue other business opportunities after leading the company for the past four years. Singh was previously CTO for Caradigm, where he led the strategic vision and execution of Caradigm's enterprise portfolio of population health solutions.
Trax Technologies, Arizona, April 2016
Trax Technologies announced that Don Baptiste has joined the company as CEO. Baptiste was previously the co-founder and Head of Bloomberg Government, where he was responsible for the business unit's launch and tremendous growth.
Zetron, Washington, April 2016
Zetron announced the appointment of Brent Dippie to the position of President and CEO as of April 1, 2016. He replaces Ellen O’Hara, who will move to the position of Chairman of the Board of Zetron and Board Member of EFJohnson. Brent has been the COO and SVP of Zetron for the past ten years and has served the company in various roles of increasing responsibility since 1989.
Millennium Health, California, April 2016
Millennium Health announced the appointment of Chairman of the Board Ronald A. Rittenmeyer to Chairman and CEO effective immediately. Rittenmeyer will replace Brock Hardaway who has led the company since 2013. Rittenmeyer has an extensive background leading companies to profitable growth and market leadership. He is the retired chairman, president and CEO of Electronic Data Systems (EDS) having successfully sold that company to Hewlett Packard in 2008. Prior to joining Millennium Health's Board, he served as chairman, president and CEO of Expert Global Solutions.
Duck Creek Technologies, Missouri, April 2016
Accenture and Apax Partners have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry. As part of the joint venture, funds advised by Apax will acquire a 60% stake in Accenture’s Duck Creek Technologies, with Accenture retaining a 40% stake. The joint venture will operate as a new and independent company. Mike Jackowski, president of Duck Creek Technologies, who will become CEO of the joint venture.
Healthwise, Idaho, April 2016
The Healthwise board of directors named Robert (Bob) Kyte to be the next Healthwise CEO effective July 1, 2016. Kyte will succeed founder and CEO Donald W. Kemper upon his retirement. Kyte returns to Healthwise after spending the last six years as president of the nonprofit Adventist Risk Management. He was also president and CEO of GENCON Insurance Company, an affiliate of Adventist Risk Management.
TechSmith, Michigan, April 2016
TechSmith Corporation announced the appointment of Wendy Hamilton as CEO, effective March 2016. Wendy has served as the company’s EVP since October 2015, bringing over 25 years of experience in product innovation, growth strategy and global leadership to her new position.
Rhapsody International, Washington, April 2016
Rhapsody International announced that Mike Davis has been appointed as CEO, effective immediately. Davis is the first CEO of Rhapsody International, which is the parent company to top streaming music services Rhapsody and Napster. Davis joins Rhapsody after six months of rapid development to enhance the way subscribers listen to music with Rhapsody.
Fadata, Bulgaria, April 2016
Fadata AD has appointed John Macdonald as its new CEO. With over 20 years of experience in FinTech, John Macdonald has held a wide range of executive positions at leading software companies, including SAP, Algorithmics, IBM and S&P Capital IQ. Under his leadership, John has bought next-generation technologies to market.
Relocation International, Japan, April 2016
Relocation International appointed Yasuji Shimizu as Chairman from the previous responsibility of President and Representative Director. The company also appointed Satoshi Hanaoka as President and Representative Director from the previous responsibility of Director.
Ekahau, Virginia, April 2016
Ekahau announced the appointment of Mika Hakala as its CEO. Mr. Hakala has been with Ekahau for almost 4 years, and has served as its COO since early 2014.
Highway to Health, Pennsylvania, April 2016
GeoBlue has named Guillaume Deybach president and CEO for parent company Highway to Health Inc. He had been group EVP-Travel Business Line of the Europ Assistance Group.
Influence Health ,Alabama, April 2016
Influence Health hired Mike Nolte as its new CEO. Nolte replaces Peter Kuhn, who will become the chief custom officer at Influence health and will remain on the company's board. Kuhn had led the company since 2009. Nolte joins Influence Health from MedAssets, where he served as president and COO.
VirMedica, Pennsylvania, April 2016
VirMedica announced that its Board of Directors has appointed Philip Lee as president, CEO (CEO) and a member of the Board of Directors. Lee most recently served as president and CEO of PHT.
Anexinet, Pennsylvania, April 2016
Anexinet Corporation announced that it has named Joseph Lanzisera as the company's CEO. Lanzisera joined Anexinet in 2012 as EVP of Service Delivery and assumed the role of President after the company's recapitalization with Marlin Equity Partners in 2014.
4net Software, California, April 2016
On April 8, 2016, 4net Software entered into and closed a Securities Purchase Agreement among the Company and Merlin Partners LP, Ancora Catalyst Fund LP, and Steven N. Bronson. Pursuant to the terms of the Securities Purchase Agreement, Brian Hopkins was appointed as Chairman of the Board, CEO and President.
Petrichor, Florida, April 2016
Petrichor Corp. announced that effective as of April 22, 2016, in connection with the sale of the shares, Liudmila Shokhina resigned from all her positions as the sole officer and director of the company. The board of directors of the company elected Chun-Hao Chang as President, CEO, CFO and Secretary and as a director of the company, to serve until his successors are duly appointed and qualified. Chun-Hao Chang, age 39, has been the has been president and a director since October 24, 2013 and CEO since September 15, 2014 of Jishanye.
The Virtual Learning Company, New York, April 2016
The Virtual Learning Company announced on April 12, 2016, by action of the majority shareholder, Athena Monahan, taken without a meeting, Roger L. Fidler, former counsel to the company, was appointed and accepted Thomas P. Monahan's former positions including President, Chief Executive and Financial Officer, Secretary and sole director.
Indus Towers, India, April 2016
Indus Towers named Bimal Dayal its new CEO with immediate effect. Dayal, who was previously Indus' COO, has taken over the reins from B.S. Shantharaju, who retired on March 31, 2016.
Relo Create, Japan, April 2016
Relo Create Ltd. appointed Shigeru Okamoto as President and Representative Director from the previous responsibility of Director. The change is effective as of April 1, 2016.
Of Note: Medical Leaves
  • Jeff K. Storey, the President and CEO of Level 3, has returned from his medical leave of absence and has resumed his duties as Level 3's President and CEO. Sunit S. Patel, who served as interim CEO and interim principal executive officer during Mr. Storey's medical leave of absence, continues to serve as Level 3's EVP and CFO and principal financial officer.
  • The board of directors has appointed the company’s General Counsel and SVP Mitch Edwards to the role of acting CEO, effective immediately. This appointment comes after company founder Dr. Patrick M. Byrne announced his decision to take a medical leave of absence. The role is not yet open it seems.

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Read 4232 times Last modified on Friday, 14 August 2020 15:52
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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