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Friday, 10 June 2016 09:15

105 Open Roles and 94 Appointments Featured

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Detailed Version of Newsletter for month ended May 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:105  
New Tech CEO Appointments:94 (5 women, 89 men)

New Technology CEO Stats

New Tech CEO Openings:12 - TESSCO Technologies (MD), Tangoe (CT), First Sensor (Germany), Pricer (Sweden), Ubisense (U.K), zamano (Ireland), Spectra7 Microsystems (Canada), Dyn (NH), CÜR Media (CT), ZipLocal (Canada), MediaWorks Integrated Systems (CA), and OnX Enterprise Solutions (Canada).

CEOs Appointed

Sources of Appointments: 52 were External appointments, and 42 were internal promotions – Chair/Director (5), iCEO (7), COO/President/EVP-Operations (12), Divisional execs (2), Others (16)

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

Diversity: 5.4% of the appointments are women CEOs. SmarTone Telecommunications (Hong Kong), Fleetmatics (Ireland), JetPay (PA), Eagle Professional Resources (Canada), PINGMD (NY)

Geographic Distribution54 in North America, 19 in Europe, 19 in Asia/Russia, 1 in Latin America and 1 in Middle East/Africa.

The average and median times open CEO roles have been open are about 5.5 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.  www.vell.com

 

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 (JSE:MTN), South Africa, $9.51B , May 2016
MTN Group announced that it is searching for a new CEO as the current executive chairman, Phuthuma Nhleko is expected to step down as acting CEO by the end of June 2016. The search for a new MTN Group CEO is well underway, and it will make an announcement before the end of June.
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. has 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 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.
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.
 
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.
 
TESSCO Technologies  (NasdaqGS:TESS), Maryland, $530.7M , May 2016
TESSCO Technologies  announced launched a CEO succession plan and are now engaged in a search for a new CEO with experience in achieving superior profitable growth through innovative marketing, sales and productive operations. The company expects the new CEO to be retire -- hired sometime during fiscal year 2017. In the meantime, Bob Barnhill remains the CEO, firmly dedicated to driving performance. Once the CEO is in place, Bob Barnhill will become the Executive Chairman, committed to working with the new CEO to take TESSCO to a new level of success in the exploding world of wireless connectivity.
 
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.
 
Tangoe (NasdaqGS:TNGO), Connecticut, $219.4M , May 2016
Tangoe announced that Albert R. Subbloie, Jr. resigned from his positions as President and CEO and as both a member and Chairman of the Board of Directors. On May 2, 2016, the Board appointed James D. Foy, one of the company's directors, as Acting CEO.
 
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.
 
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.
 
First Sensor AG (XTRA:SIS), Germany, $163.1M , May 2016
First Sensor AG announced that CEO Dr. Martin U. Schefter to leave the company and CFO Dr. Mathias Gollwitzer will provisionally discharge his duties. The Chairman of the Management Board of First Sensor, Dr. Martin U. Schefter, will not renew his contract that is set to expire on 16 June 2016, but will leave the company. The duties of his board mandate will be provisionally discharged by Dr. Mathias Gollwitzer, CFO, until a successor has been appointed.
 
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.
 
Pricer AB (OM:PRIC B), Sweden, $109.000M , May 2016
Pricer AB announced the resignation of Jonas Vestin as President and CEO. The Board of Directors of has appointed Charles Jackson as acting CEO. Charles Jackson has been with Pricer during the period 2002 - 2010 and returned to the position of EVP in 2014. During the period 2007-2010 he was the company's President and CEO.
 
GB Group, U.K, $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.
 
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.
 
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.
 
zamano plc (AIM:ZMNO), Ireland, $26.400M , May 2016
The Board of zamano plc announced that Ross Conlon has tendered his resignation as CEO and director of the company with effect from May 9, 2016 to pursue other interests. Ross has agreed to facilitate a smooth handover. The board will immediately commence a process for the appointment of a new CEO of the company.
 
Act-On Software, Oregon - $24.9M, October 2015
Act-On Software's CEO and Chairman Raghu Raghavan is stepping aside from the company. Raghavan, who will still be involved with the company, said a new CEO will be named soon. Prior to Act-On, Raghavan helped to start California-based Responsys.
 
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.
 
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.
 
 
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.
 
Spectra7 Microsystems  (TSX:SEV), Canada, $6.07M , May 2016
The Board of Directors of Spectra7 Microsystems  announced with great sadness, the sudden death of its President and CEO, Tony Stelliga. Dave Mier, CFO, and Cynthia Cole, VP, General Counsel and Corporate Development, have been jointly appointed by the Board on an interim basis to lead the company's management team overseeing daily operations and corporate strategy. Mr. Mier and Ms. Cole will act in such capacity until the Board identifies an appropriate candidate for the position of President and 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.
 
 
OTCO International, India - $0.45M, November 2015   
OTCO International announced that Ms. Chinnamma Pullatu Mathew is re-designated as Non-Executive & Non-Independent director from her existing position as executive & non-independent director and CEO of the company. She is not holding the post of CEO hereafter.
 
Zaio Corporation, Alberta - $0.43M, November 2015    
ZAIO announced that David King has been terminated from his position as President and CEO by the Board of Directors. Joel Strickland, Chairman of the Board has been appointed interim CEO, and Phil Wazonek, currently a Zaio Director has been appointed interim President and COO.
 
Agritek Holdings, Colorado - $0.03M, November 2015  
On November 4, 2015, Justin Braune resigned as the CEO and as the sole member of the Board of Directors of Agritek Holdings. B. Michael Friedman will act as interim CEO, and sole member of the board, and shall serve until the 2016 annual meeting of stockholders and thereafter, until his respective successor is duly elected, qualified and practicable to replace Mr. Friedman. Mr. Friedman was previously the company's CEO from 2009 until he was replaced by Mr. Braune in March 2015.
 
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, U.K - $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.
 
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, U.K 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.
 
Dyn, New Hampshire, May 2016
Jeremy Hitchcock, who co-founded Dyn, resigned as CEO. No one was named CEO. Jim Baum, who was named as chairman of the privately held company's board of directors in January, will be executive chairman.
 
CÜR Media (OTCPK:CURM), Connecticut, May 2016
CÜR Media appointed James Urie as Executive Chairman of the Board and as Interim president and Interim CEO, to assume the duties previously performed by Mr. Brophy, to serve until his successor shall be duly appointed, unless he resigns, is removed from office, or is otherwise disqualified from serving as an officer and a director of the Company.
 
ZipLocal, Canada, May 2016
ZipLocal announced that the Board of Directors has approved the appointment of Raj Ravindran, CFA, MBA, Ph.D as Interim CEO and Interim CFO.  Both positions were vacant as a result of the resignations of Paul Van Damme as CFO and Director, and Kevin Dane as CEO and Director.
 
MediaWorks Integrated Systems, California, May 2016
MediaWorks said the board had accepted Mr. Mark Weldon's resignation as CEO. 
 

 

Tech Companies: CEOs Appointed

 

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

NTT DOCOMO (TSE:9437), Japan, $32.71B , May 2016
NTT DOCOMO announced that its board of directors has met and proposed the following changes in executive positions for official approval at the shareholders and board of directors meetings scheduled on June 16, 2016. Kazuhiro Yoshizawa has been appointed as President and CEO and Member of the Board of Directors from the current position of Senior EVP and Member of the Board of Directors.
 
Renesas Electronics Corporation (TSE:6723), Japan, $6.17B , May 2016
Renesas Electronics Corporation made the following changes concerning members of the board. The board approved appointment of Bunsei Kure as Representative Director, President and CEO.
 
TIM Participações S.A. (BOVESPA:TIMP3), Brazil, $4.64B, May 2016
The Board of Directors of TIM Participações S.A., at the meeting held on May 11, 2016 elected Mr. Stefano De Angelis as CEO of the company, after the expiration of Mr. Rodrigo Modesto de Abreu three years' term as CEO of the company. Mr. Abreu presented a resignation letter from his position of Board Member.
 
Skyworks Solutions  (NasdaqGS:SWKS), Massachusetts, $3.4B, May 2016
Skyworks Solutions announced that its board of directors has appointed Liam K. Griffin as CEO. Mr. Griffin was also elected to the board of directors of Skyworks effective May 11, 2016. David J. Aldrich, Skyworks' CEO since 2000, will assume the newly established role of executive chairman.
 
SmarTone Telecommunications Holdings, Hong Kong, $2.7B, May 2016
SmarTone Telecommunications Holdings Limited announced that Ms. Anna Yip is appointed as Executive Director, CEO, Authorized Representative and Process Agent of the company with effect from June 16, 2016 and Mr. Chau Kam-kun, Stephen will cease to act as the Interim CEO. Ms. Yip is currently Head of Hong Kong and Macau, MasterCard Asia/Pacific.
 
Teradata Corporation (NYSE:TDC), Ohio, $2.5B, May 2016
Michael F. Koehler under which he resigned as President and CEO and director of the company and from all other positions at the company, effective on May 5, 2016. On May 5, 2016, the company's board of directors announced that, effective as of May 5, 2016, Victor L. Lund, a director since 2007, had been appointed as President and CEO of the company.
 
Jack Henry & Associates  (NasdaqGS:JKHY), Missouri, $1.32B, May 2016
Jack Henry & Associates announced that Dave Foss, who is the current President and will become CEO and President, and Jack Prim will become an Executive Chairman effective July 1, 2016.
 
Shutterfly (NasdaqGS:SFLY), California, $1.08B, May 2016
On May 31, 2016, Christopher North commenced employment as the President and CEO of Shutterfly As a result of Mr. North's appointment as CEO, Phil Marineau is no longer the Company's Interim CEO. Mr. Marineau continues to serve as a member of the Board and its Chairman.
 
Everi Holdings  (NYSE:EVRI), Nevada, $825.3M , May 2016
Everi Holdings announced that Michael D. Rumbolz has been appointed as the Company’s President and CEO, effective immediately. Mr. Rumbolz has served as Interim President and CEO since February 16, 2016.
 
FireEye (NasdaqGS:FEYE), California, $665.6M , May 2016
On May 5, 2016, FireEye announced the implementation of its senior management succession plan pursuant to which, effective as of June 15, 2016 (the Transition Date), David DeWalt, currently FireEye’s CEO and Chairman of the Board, will transition to the role of Executive Chairman of the Board of FireEye and step down as CEO, Kevin Mandia, FireEye’s current President, will transition to the role of CEO of FireEye and step down as President.
 
3D Systems Corporation (NYSE:DDD), South Carolina, $658M , May 2016
3D Systems Corporation has appointed Vyomesh Joshi as president and CEO. Vyomesh Joshi (VJ) is a visionary who forever changed Hewlett-Packard's printing business from the ground up. Joshi succeeds Interim-President and CEO Andy Johnson, who will continue in his role as 3D Systems' EVP and Chief Legal Officer.
 
SDL plc (LSE:SDL), U.K, $393.6M , May 2016
SDL PLC has appointed Adolfo Hernandez as its CEO. Prior to joining SDL, Hernandez was CEO of Acision.
 
Euskaltel, Spain, $379.1M , May 2016
The board of directors of Euskaltel has dismissed current CEO Fernando Ojeda and proposed former Microsoft executive Francisco Arteche as his replacement.
 
Fleetmatics Group (NYSE:FLTX), Ireland, $298.2M , May 2016
Fleetmatics Group PLC announced that its Board of Directors has approved a succession and transition plan for the Company's CEO position. Effective at the end of 2016, Mr. Jim Travers, the Company's Chairman and CEO for the past decade, will step down as CEO. He will be succeeded as CEO by Ms. Jill Ward, currently the Company's President and COO.
 
Imagination Technologies Group, U.K, $256.4M , May 2016
Imagination Technologies Group plc announced that Andrew Heath, who took over as Interim Chief Executive on 8 February 2016, has been appointed Chief Executive with immediate effect. Andrew joined the Group's Board in August 2012 as a non-executive director. He has a wealth of international business experience gained through executive roles at Rolls-Royce and more recently as CEO of Alent plc.
 
SMS Management & Technology Ltd. (ASX:SMX), Australia, $253.4M , May 2016
SMS Management & Technology Limited's CEO, Jacqueline Korhonen announced that she has resigned as CEO and director of the company, effective immediately. Ms Korhonen has been CEO since February 2015. Current company's CFO (CFO), Mr. Rick Rostolis has been appointed CEO.
 
Blucora (NasdaqGS:BCOR), Washington, $202.4M , May 2016
Blucora has hired a former finance executive as CEO to lead the dot-com-era survivor through its latest pivot to become a tax preparation and wealth management company. John Clendening, who most recently led Charles Schwab's $4 billion investor services division, has replaced longtime top executive Bill Ruckelshaus, who first transformed the company from a search business to an eclectic holding company in 2010.
 
Electro Rent Corporation (NasdaqGS:ELRC), California, $196.6M , May 2016
Electro Rent Corporation announced that its Chairman and CEO, Daniel Greenberg, who will soon turn 75, will retire effective July 11, 2016 after a more than 40-year career with the company. Greenberg will continue as a member of the company’s board of directors. Upon Greenberg’s retirement, Steven Markheim, who has been company’s President and Chief Operating Officer since 2007, will become its President and CEO.
 
Exar Corp. (NYSE:EXAR), California, $149.4M , May 2016
Exar Corporation announced that its Board of Directors has appointed Ryan A. Benton as CEO, and a member of the Board of Directors, effective immediately. Mr. Benton will replace Richard L. Leza, Interim President and CEO.Ryan has been tremendously supportive of the efforts to transform Exar's Sales & Marketing functions, and his vision for improving Exar's profitability is becoming a reality. Mr. Benton has over 25 years of finance, business, and operational experience, 16 of which have been in senior management positions. Mr. Benton's experience includes a range of leadership positions at companies including, ASMI International NV, eFunds, SoloPower, and Synapsense.
 
TechTarget (NasdaqGM:TTGT), Massachusetts, $113.2M , May 2016
TechTarget announced that effective May 3, 2016, it elected Mike Cotoia as CEO. Cotoia was also elected to the Board of Directors of the Company. Greg Strakosch has assumed the role of Executive Chairman, and will continue to serve as Chair of TechTarget's Board of Directors and assist Cotoia with long-term strategy and investor relations, among other things. Prior to joining TechTarget, Cotoia held positions at EMC Corporation, SANZ and Deloitte.
 
SeaChange International (NasdaqGS:SEAC), Massachusetts, $107M , May 2016
SeaChange International has announced the appointment of Edward Terino to the position of CEO, 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.
 
accesso Technology Group plc (AIM:ACSO), U.K, $93.2M , May 2016
Tom Burnet move from the role of CEO to become the Group's Executive Chairman. Having led accesso's significant growth and internationalization since becoming CEO in 2010, Tom will continue in his new role to lead accesso's medium and long-term growth plans. He will have particular responsibility for Group strategy, Investor Relations, and M&A activity. At the same time, Steve Brown, currently the Group's Chief Operating Officer, will succeed Tom to become accesso's CEO.
 
TVS Electronics Limited (NSEI:TVSELECT), India, $89.5M , May 2016
TVS Electronics Limited appointed Mr. Prakash Katama, currently Chief Operating Officer, as CEO of the company with effect from May 4, 2016.
 
Crossrider, Isle of Man, $84.6M , May 2016
Crossrider announced that Ido Erlichman has been appointed Group CEO with immediate effect. Ido has more than nine years experience in the technology sector garnered through roles in private equity, consulting and finance. Prior to joining the company, Ido was acting Joint CEO of VisualDNA where he led its geographic expansion and oversaw significant EBITDA growth.
 
RTX A/S (CPSE:RTX), Denmark, $57.6M , May 2016
Peter Røpke has been appointed CEO in RTX A/S. Peter Røpke currently holds a position as CEO in Flügger A/S.
 
SmartStream Technologies, U.K, $47.3M , May 2016
SmartStream Technologies announced that Haytham Kaddoura has been named as CEO of SmartStream and will be working with Philippe Chambadal who will be assuming the role of President. With the recent formation of the SmartStream Reference Data Utility (RDU), the success of the Fees Management Utility and in anticipation of upcoming acquisitions, Mr. Chambadal will focus on these and other strategic initiatives. Mr. Kaddoura served as an advisor to the Board of Directors of SmartStream, and is a member of the Board of Directors of the SmartStream Reference Data Utility.
 
JetPay Corporation (NasdaqCM:JTPY), Pennsylvania, $44.1M , May 2016
JetPay has named current member of the company's board of directors Diane Faro as its new CEO, replacing Bipin Shah. The company said that Shah will continue in his role as the chairman and a member of the board. Faro has been a board member since 2014 and most recently served as president of National Benefit Programs. She also held several roles at First Data Corporation, First Data Alliance Group, and Chase Merchant Services.
 
Dion Global Solutions Limited (BSE:526927), India, $34.7M , May 2016
Dion Global Solutions Limited announced that the Board of Directors of the Company on May 13, 2016 has noted and approved the resignation of Mr. Ralph James Horne from the office of Managing Director & Key Managerial Personnel and has also approved the appointment of Mr. Michel Borst as its CEO effective from May 12, 2016. Michel is currently a member of Dion's Leadership team and was responsible for Dion's strategic growth for the Broker & Wealth Solutions business, globally.
 
Ubisense Group Plc (AIM:UBI), U.K, $32.4M , May 2016
Ubisense Group plc announced that it is to expand the remit of its chairman, Peter Harverson, to become executive chairman with immediate effect, taking on responsibility for the strategy and operations of the company as it enters its next phase of development. After 14 years as CEO of the company, Richard Green has decided for personal reasons that he should step back from his leadership role. Richard will assist the business to effect an orderly transition during his notice period which will run until the end of 2016. Richard has also resigned as a director of the company with immediate effect. Additionally the company announced the appointment of Oliver Scott as a non-executive director of the company with immediate effect. Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel Partners LLP.
 
GlobalSCAPE (AMEX:GSB), Texas, $31.4M , May 2016
GlobalSCAPE announced that Matt Goulet has been appointed president and CEO. Goulet was previously the company's chief operating officer. He succeeds James Bindseil, was became president and CEO in December 2013.
 
Onward Technologies Limited (BSE:517536), Ireland, $29.8M , May 2016
Onward Technologies Limited announced at its board meeting dated on May 16, 2016, Mr. Jigar Mehta has been elevated as Managing Director of the company with immediate effect. Mr. Harish Mehta will continue as Executive Chairman. The board also appointed Mr. Monik Damania as company secretary.
 
Bridgeline Digital (NasdaqCM:BLIN), Massachusetts, $17.900M , May 2016
Bridgeline Digital announced that Ari Kahn, currently Bridgeline Digital's Chief Operating Officer and Interim CEO has been selected as Bridgeline Digital's new CEO. Kahn will assume the role effective immediately. Prior to his role at Bridgeline, Kahn was the co-founder of FatWire.
 
Dataprep Holdings Bhd (KLSE:DATAPRP), Malaysia, $15.100M , May 2016
Dataprep Holdings Bhd announced the redesignation of Mr. Tan Hock Chye from Acting CEO to Group Managing Director, with effect from June 1, 2016. Mr. Tan has more than 34 years of management and financial experience spanning across several industries in retailing. manufacturing, publishing, offshore marine transportation, fast-moving consumer goods, industrial goods and hospitality. Currently he is the Group Managing Director. Prior to his current position, he was an Acting CEO.
 
DATATRAK International (OTCPK:DTRK), Ohio, $9.870M , May 2016
Jim Bob Ward has been named CEO and President of DATATRAK International The new management team of Julia Henderson (CFO), Tim Lyons (VP Operations) and Scott DeMell (VP Sales) are finalizing a company-wide review of product offerings, pricing, and contracting to formulate DATATRAK's long-run strategic plan.
 
Salon Media Group  (OTCPK:SLNM), California, $6.540M , May 2016
Salon Media Group announced a change in its CEO. Effective as of May 23, 2016, Jordan Hoffner, 46, was appointed CEO. Mr. Hoffner was most recently CEO of Federated Media, a subsidiary of Media General. Prior to joining Federated Media in 2014, Mr. Hoffner was President, Digital, of entertainment content studio Electus LLC, a subsidiary of IAC Corp.
 
Prism Informatics Ltd. (BSE:505530), India, $4.470M , May 2016
Prism Informatics Ltd. at its Board of Directors of the company held on May 20, 2016, approved the Appointment of Mr. Atul Pradhan as CEO of the company.
 
Moko Social Media Limited (ASX:MKB), Australia, $3.680M , May 2016
Moko Social Media Limited announced that Mr. Shripal Shah is to be appointed Managing Director and CEO effective 16 May 2016. Mr. Shah has been the company's interim CEO since February of this year and prior to this served as MOKO's Chief Operating Officer.
 
Nektan plc (AIM:NKTN), Gibraltar, $2.810M , May 2016
Nektan PLC announced the appointment of Leigh Nissim as CEO of Nektan, taking over from Gary Shaw, who has been Interim CEO since January 2016. Gary will be appointed Director of Strategy, an Executive Board position, with effect from Leigh's formal start date in late July 2016. With over 11 years of gaming industry experience, Leigh joins Nektan from International Game Technology PLC, where he has been the Commercial Director for the Interactive Business, responsible for the growth of the real money wagering business across multiple regulated markets in Europe and North America. Leigh is currently transitioning from IGT and will be introduced to the company in early June, with a formal start date in late July at which date he will also join the Board of Nektan.
 
Intertainment Media  (TSXV:INT), Canada, $1.760M , May 2016
Intertainment Media  announced that the management and board of the company will be reorganized such that Mr. David Lucatch, CEO and a director, Mr. Girvan Patterson, director, Mr. Herb Willer, director, and Mr. Earl Marek, director, have each resigned from their positions with the Company; and Mr. Wayne Parsons, a former consultant to the Company and former director and audit committee chair of Yappn Corp., will be appointed CEO and director, and each of Mr. Clayton Strickland and Mr. Douglas Hamilton will be appointed as directors to form the new board of directors of the Company. Mr. Parsons has served on the board of directors of American Paramount Gold Corp., a company listed on the OTC Pink Sheets, since 2010 and also served as its President, CEO, CFO, Treasurer and Secretary in 2010. Mr. Strickland is currently enrolled in the Institute of Corporate Directors ICD.D program at the Rotman School of Management. Mr. Hamilton is an entrepreneur and private investor and is currently involved in several companies based in Ontario.
 
C4X Discovery Holdings plc (AIM:C4XD), U.K, $0.431M , May 2016
C4X Discovery Holdings plc (C4XD) has announced that Clive Dix has been appointed as CEO, with immediate effect. Clive joined C4XD as Non-Executive Chairman in October 2014 and became Executive Chairman in November 2015. Sam Williams, Non-Executive Director, will become Interim Chairman whilst a search for a new Chairman is undertaken. Dr. Dix is combining track records as a serially successful entrepreneur and an experienced pharmaceutical R&D executive. Most recently, Dr. Dix was CEO of Convergence Pharmaceuticals. Prior to that, Dr. Dix enjoyed successful exits with PowderMed Limited, Auralis Limited and PowderJect Pharmaceuticals plc, where he held the roles of CEO, Chairman and Head of R&D, respectively. Before his move into biotechnology, Dr. Dix was UK Research Director for GlaxoWellcome. He currently serves as Chairman of Touchlight Genetics Ltd. and Centauri Therapeutics Ltd, and was Chairman of the UK BioIndustry Association (BIA) from 2008-2010.
 
Sibannac (OTCPK:SNNC), Arizona, $0.255M , May 2016
At a meeting of the Board of Directors of Sibannac on March 19, 2016, Dan Allen resigned as CEO of the company. Mr. Allen will remain on the Board of Directors. At the same meeting, Rich Heineck was elected by a majority of the Board of Directors as CEO. Mr. Heineck was already on the Board of Directors and will remain a Director. Mr. Rich Heineck began his career in publishing and advertising. He served as VP of Sales & Marketing for National PEO from 2013 to March 2015.
 
VerifyMe (OTCPK:VRME), New York, $0.211M , May 2016
VerifyMe announced the appointment of Thomas A. Nicolette as the Company's President and CEO, effective May 1, 2016. Mr. Nicolette has served as the principal of Nicolette Consulting Group Limited. Most recently, Mr. Nicolette served as President, CEO and Director of iNeedMD Holdings.
 
Kollakorn Corporation Limited (ASX:KKL), Australia, $0.208M , May 2016
Kollakorn Corporation Limited announced that David Matthews has accepted the position of CEO of the company effective from the June 1, 2016. The company also announced that Richard Sealy has accepted the position of COO. Richard was Managing Director and then CEO of Kollakorn for 6 years and needs no introduction to shareholders. As COO, Richard will have responsibility for the administrative and technical requirements of the company's business. David leaves IBM Australia Ltd. to join KKL where he has held the position of General Manager, Global Process Services for Australia and New Zealand, since 2013. David has over 20 years' experience across leadership roles in Business Process Outsourcing (BPO), delivery, business consulting and shared services across Asia Pacific.
 
MGT Capital Investments (AMEX:MGT), New York, $0.104M , May 2016
MGT Capital Investments announced that it has entered into a definitive asset purchase agreement to acquire certain technology and assets from D-Vasive. In conjunction with the acquisition, MGT announced the proposed appointment of John McAfee as Executive Chairman and CEO.
 
Virtual Piggy (OTCPK:VPIG), California, $0.020M , May 2016
Virtual Piggy announced the appointment of John R. Coyne as CEO, effective April 18, 2016. Coyne will also serve as chairman of the Board and a member of the company’s board of directors. During his initial months on the job, Coyne will focus on simplifying and updating the company’s business models by leveraging its current infrastructure and enhancing its operating environment for mobile payments to enable more flexibility to meet rapidly changing e-commerce technology trends. More recently, he has advised European banking institutions, including the Bank of England and Dutch financial regulators. Coyne holds multiple patents, as well as current applications for patents in software, electronics, bio-tech and green energy.
 
Zyber Holdings Limited (ASX:ZYB), Australia, $0.002M , May 2016
Zyber Holdings Limited announced that it has accepted the resignation of its CEO, Clay Epstein, who has decided to leave the company for personal reasons. Mr. Daly appointed as CEO, Daly brings a strong business and technical acumen gained from a broad spectrum of experience, ranging from the design and sale of complex IoT, embedded software, SaaS and hardware engineering. Most recently, Daly served as the CEO of Demandsync.com. The company announced the appointment of Roe Markham as Chief Operating Officer (COO). Throughout his career Mr. Markham has specialised in product development, management and sales with EDS (a Hewlett Packard Company) to multinational customers in the Fortune 500. The company announced the appointment of Darius Millar as VP Sales and Marketing. Mr. Millar spent 6 years as Senior Account Manager for TELUS where he led large diverse teams to develop, win and close Large Complex Deals, through new and existing customer relationships.
 
Birch Communications, Georgia, May 2016
Birch Communications that its Board of Directors has named Tony Tomae as the company's next President and CEO. Tomae succeeds Vincent M. Oddo, who will be assuming a new position as President and CEO of Birch's sister company, Birch Equity Partners. Tomae is a 25-year-plus communications and data industry veteran who comes to Birch from FairPoint Communications where he served as Chief Revenue Officer and was responsible for sales, marketing, and product management functions. He has served in a number of executive positions at Deltacom -now EarthLink- and WilTel Communications. He has also held positions with AT&T and Broadwing Communications. Tomae succeeds Oddo, who assumed leadership and partial ownership of the company in 2003 and led the company through 28 acquisitions, including the purchase of Birch Telecom in 2008, Cbeyond in 2014, and most recently the asset purchase of Primus Telecommunications.
 
Optimum Telecom Algeria, Algeria, May 2016
VimpelCom Ltd. announced the appointment of Tom Gutjahr as CEO of Djezzy. The appointment is effective July 1, 2016. Tom will be responsible for leading the company's transformation into a digital leader while leveraging the brand's strong position in the local market. Prior to joining VimpelCom, Tom served as CEO of Airtel Uganda, from 2014, and was previously CEO of Tigo Paraguay from 2012 to 2014, CEO of Tigo Rwanda in 2011, and CEO of Tigo Chad from 2008 to 2010.
 
Dimension Data Asia Pacific, Singapore, May 2016
Dimension Data announced the appointment of John Lombard as CEO of Dimension Data Asia Pacific. Lombard joins from SAP, where he was SVP responsible for services and support across 14 countries in the Asia Pacific Japan region and was central to driving the company's Cloud Services, Consulting, Custom Development and Education portfolio. During his time at the company, he also led the Consulting business in Australia and New Zealand and was globally responsible for Business Consulting, Business Analytics and Technology Services based out of Walldorf, Germany. Lombard takes over from Bill Padfield, who has been CEO of the region since 2003, and will move to a new role as Chairman of Dimension Data Asia Pacific. Lombard, who will take up his new role on May 3, 2016, will be responsible for managing and overseeing all aspects of Dimension Data Asia Pacific Group's operations, and continue to drive its transition into a world-class IT services company. He will be based in the company's regional headquarters in Singapore.
 
CU Cooperative Systems, California, May 2016
CO-OP Financial Services announced that First Data's Todd Clark will become the new president/CEO of company. Clark is SVP/head of STAR Network and Debit Processing at First Data Corporation. He will replace outgoing president/CEO Stan Hollen, who announced in January that he would retire at the end of May. Clark's first day as CO-OP president/CEO will be June 27. Hollen will remain in his current capacity as president/CEO until then. At First Data, Clark had full profit-and-loss responsibility for the EFT Group and led a team of more than 600 people, according to CO-OP. Prior to First Data, Clark was an executive with Cardtronics; he also worked at First Data from 1991 to 2012. Retiring President/CEO Stan Hollen leaves behind a career that spanned more than 45 years. Prior to joining CO-OP, Hollen was VP for the $5.1 billion CEFCU in Peoria, Ill.; president/CEO of Liberty Enterprises in Mounds View, Minn.; and president/CEO for the $9.5 billion The Golden 1 Credit Union in Sacramento, Calif.
 
Exatel SA, Poland, May 2016
Nikodem Boncza-Tomaszewski has been appointed CEO of Exatel. Since January, he has been a director of the Central IT Department. Besides this, the supervisory board has appointed Rafal Magrys and Krzysztof Matey to the board of directors.
 
MTM Technologies, Connecticut, May 2016
MTM Technologies announced that its board of directors has appointed Marcus Holloway as President, CEO and a member of the Board of Directors, effective May 16, 2016. Steve Stringer will depart the company August 16, 2016, and will resign from the MTM Technologies Board of Directors. Marcus is an accomplished entrepreneurial executive leader with a solid 20+-year track record in leading high-growth, enterprise companies in the business services and technology space. Over the past ten months, Marcus has worked closely with MTM as a consultant to the management team and Board of Directors.
 
OnX Enterprise Solutions Ltd.; OnX Managed Services, Canada, May 2016
OnX Enterprise Solutions, OnX Managed Services and Momentum Digital Solutions announced the appointment of Dave Hansen as new chairman of the board and interim CEO. He succeeds Michael Cox, who retired as CEO at the end of April after three years. Hansen will continue as an operating executive at Marlin Operations Group.  He will remain as chairman of the board at OnX after a new CEO is found.  Hansen is a 30-year veteran of the IT industry and has held a number of leadership positions at prominent firms. Hansen is a 30-year veteran of the IT industry and has held a number of leadership positions at prominent firms. Before joiningMarlin Operations Group in 2015, he was VP and general manager of sales, marketing and services at Dell Software.
 
Rue La La, Massachusetts, May 2016
Rue La La announced the appointment of Mark McWeeny as CEO. In a planned succession, Mark McWeeny replaces Steve Davis. McWeeny, one of the original co-founders of Rue La La, has served in a variety of roles including the organization's CFO, Chief Marketing Officer and President of New Ventures. Additionally, two current executive team members Mark Weinberg and Lisa Rhodes will move into new, expanded roles. Mark Weinberg, formerly the EVP of Corporate Development, will move into the role of CFO and Chief Operating Officer. In addition to her current responsibilities as President, Lisa Rhodes will now be part of the Board of Directors. McWeeny will be responsible for creating, implementing and driving the brand's strategy, development, vision, and day-to-day operations with a focus on maintaining and furthering the success and profitable business seen in 2015.
 
American Leisure Holdings (OTCPK:AMLH), Florida, May 2016
American Leisure Holdings announced that Mr. Eric Wroblewski and Mr. Scot Wroblewski have resigned their positions as Officers and Directors of the company and Mr. James McFadden was appointed the CEO and sole Officer and Director at this time.
 
NTT Com Asia Limited, Hong Kong, May 2016
NTT Com Asia Limited announced the appointment of Hideaki Ozaki, VP, Head of Planning and Head of Carrier Relations, Global Business of NTT Communications Corporation as President & CEO of the company, with effect from June 17, 2016.
 
Ungerboeck Systems International, Missouri, May 2016
Manish Chandak is the new CEO of Ungerboeck Software International. It's a promotion for Chandak, who just nine months ago was brought onto the Ungerboeck executive team as chief technology officer. Chandak replaces former Ungerboeck CEO Krister Ungerboeck, who is stepping away to pursue other interests. He will remain on the company's board. Prior to joining Ungerboeck Software, Chandak worked as VP of information technology for Aspect Software in St. Charles.
 
Ålands Penningautomatförening, Finland, May 2016
The Board of Directors of the Paf appointed Christer Fahlstedt as its new CEO. Christer Fahlstedt has extensive experience in the gaming industry, most recently as the CEO of Betting Promotion Sweden. He takes over as CEO of Paf on 1 June, 2016 and he will be based at the head office in Mariehamn. During the recruitment period Paf's Finance Director Johan Rothberg served as the Acting CEO.
 
Cambio Healthcare Systems AB, Sweden, May 2016
Cambio Healthcare Systems AB has appointed Peter Gillie as CEO.  Gillie is a proven leader known for his participative style of leadership with customers and employees. Counting over 25 years of experience in IT and business, Peter has held leading roles in several renowned IT companies.  He was responsible for turning around Nexus.
 
KVD Kvarndammen AB, Sweden, May 2016
KVD announced that Torbjörn Wik has been appointed new CEO. Torbjörn has served as acting CEO since January 2016. Torbjörn, who has extensive experience of the role of CEO from companies whose core operations have been online services and e-commerce, was most recently acting CEO of inkClub. He has also held various marketing manager positions in companies that have strong consumer brands. Torbjörn will assume the position immediately.
 
Eagle Professional Resources, Canada, May 2016
Eagle Professional Resources announced that Janis Grantham has been appointed CEO effective immediately. Grantham, formerly Eagle's President and COO, has been with the company since it was founded in 1996. Prior to joining Eagle, Grantham held senior roles in a large system integration company. Grantham replaces Kevin Dee, Eagle's founding CEO who has been in the role for almost twenty years. He will remain with the company as Chairman of the Board and in an advisory role.
 
Aplicor, Florida, May 2016
Aplicor announced that its Board of Directors has elected Donald ‘Don’ Zebe as CEO, effective immediately. Don McKinney will remain as executive chairman of the company, and maintain an active role to ensure a seamless transition of leadership responsibilities and corporate initiatives. He joins the company after serving as VP for Coldwell Banker Commercial Advisors. McKinney will continue to serve as executive chairman of the board and will provide day-to-day support during a transition period.
 
PointRight, Massachusetts, May 2016
PointRight’s Board of Directors announced it has named Steven Scott as President and CEO, responsible for scaling the company for growth in both the payer and provider markets. Scott joins PointRight from ArroHealth, having served as COO where he led day-to-day operations to deliver the highest level of client satisfaction. Prior to ArroHealth, Scott was the General Manager of the National Healthcare Practice for Perficient  Earlier in his career, Scott was the President and COO at Matrix Medical Network and the SVP of Business Development at Excelis Healthcare following its acquisition of American Physicians  where he served as CEO.
 
LINKFRESH Software Limited, U.K, May 2016
Linkfresh named Andy Makeham as its new CEO. Makeham spent 13 years as founder and CEO of K3 Business Technology Group plc. On the course of his 40-year career, he likewise founded and developed many fruitful software businesses, comprising Sheffield Micro and BEC Group. He has direct experience of working with the fresh food market from his time as CEO of K3.
 
Ford Direct, Michigan, May 2016
FordDirect announced the appointment of Mike Jurecki of RouteOne as CEO, effective June 6, 2016. Jurecki has a strong background in working with both dealers and OEMs in the automotive and digital space. He has served as RouteOne's CEO since March 2002. Valerie Fuller, Chief Operating Officer and interim CEO will continue in her role until June 6, at which time she will remain as COO.
 
InRule Technology, Illinois, May 2016
InRule Technology announced that Co-Founder Rik Chomko has been named as CEO. The InRule Technology Board of Directors appointed Chomko to manage the company’s continued growth and scale operations to meet the evolving needs of customers and prospects across a wide range of verticals. Since founding InRule Technology in 2002 with Chief Technology Officer Loren Goodman, Chomko has served in a variety of roles, including chief product officer and chief operating officer. He has more than 20 years of experience innovating and implementing enterprise solutions and architecture with a focus on rule-based technology.
 
3D MakerJet (OTCPK:MRJT), Florida, May 2016
Effective May 18, 2016, John Crippen, Chairman and CEO of 3D MakerJet, resigned from all positions held with the company, including resigning from Board service. Effective May 18, 2016, Edward Thaney, Director of the company, resigned from his position on the Board of Directors. Also, on May 18, 2016, the company appointed David Andrew Putnam as the CEO and Chairman of the Board of Directors. Mr. Putnam will serve as a director until his successor has been elected at the next annual meeting of the company's shareholders or until his earlier resignation, removal, or death. Mr. Putnam has not been appointed to any committees of the Board, as the Board does not presently have any committees. Most recently, from 2000 to current Mr. Putnam was an Independent Financial Consultant, focused on advising North American corporations on capital markets, structure and fundraising.
 
Actility S.A., France, May 2016
Actility appointed Mike Mulica as its new CEO. Mulica brings decades of experience in leadership roles with Phone.com, Openwave, Syncronoss and Real Networks.
 
SWK Technologies, New Jersey, May 2016
SilverSun Technologies announced that Jeffrey D.  Roth, CEO of the Company's wholly-owned subsidiary, SWK Technologies, has resigned. Mark Meller, Chairman and CEO of SilverSun, has been named CEO of SWK Technologies as well. Mr.  Roth is leaving to pursue other business opportunities. The resignation is effective immediately.
 
Capstream Ventures  (TSXV:CSP), China, May 2016
Capstream Ventures announced that in connection with proposed acquisition of an additional interest in Axion, Paul Larkin will be stepping down as President and CEO of the company and John Todd Bonner will be appointed as CEO. Mr. Larkin will remain as a director of the company and Mr. Bonner will also continue as a director of the company and Chairman of the Board of Directors. The appointment of Mr. Bonner is part of Capstream's strategy of investing in a portfolio of undervalued internet technology investment opportunities. Mr. Bonner is one of the founders of Axion and has served as a director of Axion since January 2007.
 
Brightpearl, U.K, May 2016
Brightpearl announced that its Board of Directors appointed Derek O'Carroll as the company's new CEO. O'Carroll is at the helm of driving the company to the next level, building on the solid foundation and momentum achieved by the company's team under Andrew Porter's leadership as interim CEO. O'Carroll and Porter, who was appointed Chief Information Officer, will collaborate on developing and executing the company's strategic initiatives and supporting the accelerated growth and goals of its customers. O'Carroll is an accomplished leader who brings a great mix of leadership, inspiration, operational experience, and passion for excellent customer care. Before joining the company, he led a successful career of more than 10 years with Symantec, where he held numerous leadership positions with the company's enterprise, small business, and consumer divisions. Most recently, he served as SVP of global field sales and marketing and VP, for Symantec's Norton business, responsible for $1.7 billion of revenue globally.
 
UA Multimedia (OTCPK:UAMM), California, May 2016
UA Multimedia announced appointment of Dan Tran as the new CEO and updates its shareholders with its new business direction. Going forward the company will primarily focus on media production, distribution, investment, advertising and media related services. The company will produce its own titles as well as acquire rights to other titles for distribution to certain specific regions. Mr. Tran will replace Sully Jacques as the new CEO effective immediately. Recently, Mr. Tran is the Executive Producer for the action drama The Rich Woman (aka Nu Dai Gia), currently releasing in Vietnam.
 
Accelyst Solutions, India, May 2016
Freecharge elevated its chief operating officer of Govind Rajan as CEO and CEO Kunal Shah as chairman. Rajan has previously worked as chief marketing officer at Bharti Airtel and as CEO for Airtel Money. He has also held various roles at Hindustan Unilever.
 
PINGMD, New York, May 2016
pingmd announced the appointment of Susan Driscoll as president and CEO. Gopal K. Chopra, co-founder and former CEO of pingmd will remain in an active role as chairman, focusing on innovation and growth initiatives. Most recently, Driscoll served as the CEO of the Professional & Education division of Wolters Kluwer Health.
 
Barchart.com, Illinois, May 2016
Barchart announced that Mark Haraburda has been named as CEO. Haraburda has served as Managing Director of Business Development and Sales for Barchart since 2007. Current Barchart CEO Andrew Lowdon will continue as COO, as well as company Chairman. Haraburda joins Barchart founders Lowdon and Eero Pikat, who serves as President and CTO, as part of the firm's executive management team. As CEO, Haraburda will be responsible for Barchart's growth, including business development and strategy, as a provider of market data and financial technology. In his previous role as Managing Director, Haraburda oversaw Barchart's institutional sales and marketing, as well as managed Barchart's agricultural technology division, AgriCharts.
 
Ignite Sales, Texas, May 2016
Ignite Sales announced that it has named George Noga as its new CEO. Noga brings decades of leadership experience in financial services, software and technology to Ignite Sales. Prior to joining Ignite, Noga served as SVP, Managing Director of Revenue Enhancement at Fiserv.
 
Bakcell, Azerbaijan, May 2016
Bakcell announced the appointment of Mr. Nikolai Beckers as the company's new CEO. Before becoming the CEO of the company, Mr. Beckers has held a number of senior management positions at telecom sector, most recently as a CEO of Deutsche Telekom Romania. With 20 years significant international experience in both developed and developing markets he served as the President of T-Systems France, CEO of Makedonski Telecom, President of Deutsche Telecom France SAS and held various positons in the telecommunication industry in such countries as Indonesia, Malaysia, Singapore and the Philippines. Mr. Beckers is recognized for successful implementation of green-field projects, business development, company restructuring and reorganization of mobile and internet communications entities; starting from strategy planning stage, go-to-market strategy, to the cultural change of an organization.
 
NL One Corporation (OTCPK:NLLN), Rhode Island, May 2016
Gary Richard Brown was appointed as CEO, CFO, President, and Director. Mr. Gary Richard Brown was appointed as CEO, CFO, President, and Director to hold such office ten days after the filing and mailing of an Information Statement required by Rule 14f-1 under the Securities Exchange Act of 1934, as amended. Mr. Brown has 20 years of experience in the housing industry, from insurance and construction through to real estate and house cladding.
 
TPT Global Tech (OTCPK:TPTW), Florida, May 2016
TPT Global Tech announced that Rick Eberhardt has been named as the new CEO for the company which has its offices in Gilbert, Arizona. Rick brings over 25 years of Telecommunication experience to the company.
 
Revenue Management Systems, Washington, May 2016
Revenue Management Systems announced the appointment of Dan Whelan as its new CEO. Mr. Whelan brings to the company a 30-year track record leading successful, growth-oriented technology companies and teams, along with extensive experience developing, selling, deploying, and supporting enterprise solutions for global customers. As CEO, Whelan's first priority will be to expand the company's reputation as the provider of revenue management software, by combining its growing customer base and strong industry knowledge with Mercator's diverse product portfolio. Prior to joining the company, Whelan served as General Manager of Data Fusion Technologies.
 
Precyse Technologies , Virginia, May 2016
PrecyseTech Corporation announced that it has appointed Paul B. Silverman as President and CEO of the company. He will assume responsibility for managing company's global business including Israeli R&D operations. Mr. Silverman played a key role in developing the company's global expansion strategy, securing the new financing, and will also serve as a member of the Board of Directors. With over four decades of senior corporate management, global management consulting, entrepreneurial management experience, a successful track record managing both private and public companies, and author of several entrepreneurial management books, Paul Silverman has strong leadership and management capabilities in a wide range of areas, including new venture development, capital formulation strategies, financing, global business development, mergers and acquisitions, and strategic alliances.
The company also established Global head quarter in Reston, VA, and will be launching new cloud-based IOT and analytics management solutions building upon the company's proven proprietary asset tracking and location management solutions.
 
RideBidz, California, May 2016
RideBidz announced that effective May 16, 2016, that its Board of Directors appointed Robert Sarzo as CEO. Sarzo was also elected to the Board of Directors of RideBidz effective May 12, 2016. Sarzo joins Ridebidz with over 16 years in media, technology, agency and non-profit sectors with roles varying from President, Director of Marketing to Chief Operating Officer.
 
Asiya Pearls, Prior to Reverse Merger with QPAGOS, India, May 2016
On May 12, 2016, Asiya Pearls (the Company), entered into an Agreement and Plan of Merger with QPAGOS Corporation, (Qpagos), and QPAGOS Merge, a Delaware corporation and wholly owned subsidiary of the Company. Pursuant to the Merger Agreement, on May 12, 2016 QPAGOS and Merger Sub merged (the Merger), and Qpagos continued as the surviving corporation of the Merger. Effective as of the Closing Date, Mark Korb resigned from the board of directors and from any committee of the board of directors of which he was a member. In addition, Mark Korb resigned as President and CEO, also effective as of the Closing Date; however, he remains as CFO. Also in connection with the closing of the Merger, Gaston Pereira, Andrey Novikov and Sam Harake became members of board of directors, with Mr. Pereira serving as the Chairman of the board of directors. Mr. Pereira, the CEO of Qpagos, became CEO, Andrey Novikov became Chief Operating Officer and Secretary and Mark Korb remained as CFO.
 
Rivada Networks, Colorado, May 2016
Rivada Networks announced that telco industry veteran Joseph J. Euteneuer has joined the company as co-CEO and CFO Americas. Euteneuer will work alongside Executive Chairman and co-CEO Declan Ganley as the company works to change the way wireless networks are built and accessed by creating the country's first wholesale-only wireless provider. Euteneuer along with Ganley will communicate the company's vision for an open wireless marketplace while forging key strategic partnerships. Over the course of his nearly 25-year career in telecom and media, Euteneuer has held CFO and EVP positions at Sprint, Qwest Communications (now CenturyLink), XM Satellite Radio (now Sirius XM Satellite Radio), and Comcast.
 
Big Data Partnership, U.K, May 2016
Big Data Partnership appointed CEO Carmen Carey, most recently COO at Metapack, CEO of ControlCircle (acquired by Alternative Networks in 2014), and previously COO of MessageLabs (now Symantec).
 
Giant Media, California, May 2016
Giant Media reported the hiring of John Cobb as its CEO. He will partner with the existing company's executive team to grow its revenue and relationships with marketers and agencies. Since 2010, Cobb had been the CEO of Publishing Group of America (PGOA). In December 2014 Cobb led the sale of PGOA to Fexy Media, where he stayed on as President, COO of Fexy Brands Los Angeles.
 
HazelTree Fund Services, New York, May 2016
HazelTree announced that its Board of Directors has named Sameer Shalaby as the company's president, CEO and board director. He replaces Stephen Casner, who will continue with HazelTree as its global head of partnerships to forge key strategic relationships with major industry players. Shalaby, joins HazelTree with more than 25 years of software industry experience and extensive financial technology and hedge fund expertise. As HazelTree's new CEO, his top priorities will be accelerating the company's global growth, increasing focus on customer service and driving product innovation.
 
PsiKick, Virginia, May 2016
PsiKick announced the appointment of Philip J. Carmack as CEO. Carmack was also elected to the company’s board of directors. Brendan Richardson, founding CEO, has transitioned to VP of Business Development. Carmack has been a serial entrepreneur and business builder in the technology industry for more than 30 years. Most recently, he was the CEO of Aptina Imaging Corp. until its acquisition by ON Semiconductor in June 2014.
 
Doctor on Demand, California, May 2016
Doctor on Demand announced that beginning May 11, Hill Ferguson will serve as CEO. Hill is a former PayPal senior executive who has experience leading companies at every stage of growth, from founding a company to serving as senior executive in a high-growth public company.
 
Anoosmar Technologies Private Limited, India, May 2016
Vaultize announced that Jim Mongillo has joined as CEO of the company. Jim has played pivotal leadership roles in several companies - Illustra, WebLogic, Oracle Corporation, Jive Software (IPO), Servio CEO (acquired by Crowdsource), and Swrve. He brings to the company a significant international sales management, marketing, business development and channel partner credentials in the United States and Europe.
 
Vee24, Massachusetts, May 2016
Vee24 announced that Priya Iyer has joined the company as Chairman and CEO. Iyer, most recently Co-Founder, Chairman and CEO of Anaqua, will be responsible for accelerating growth at Vee24. Additionally, Vee24 and Iyer announced that the company closed on an $8.5 million Series B financing round, led by Ascent Venture Partners, with participation from current investors Data Point Capital and Point Judith Capital. The company also announced that Geoffrey Oblak, General Partner at Ascent Venture Partners, has joined the board.
 
Axiom EPM, Oregon, May 2016
Axiom EPM announced that Tom Walsh is taking over from interim CEO Jason Sussman, a managing director at Kaufman Hall. Sussman has held a leadership role of the software business since the April 2014 acquisition. Prior to this role, he spent 25 years at Thomson Reuters where he led various global software businesses.
 
Panzura, California, May 2016
Panzura announced the appointment of Patrick Harr as the company's CEO, effective immediately. With more than two decades of industry experience, Harr joins the company after holding positions as VP and general manager at Hewlett-Packard Enterprise, VP at VMWare as well as a go-to-market leader and CEO of multiple start-ups. Drawing from his extensive background in cloud, storage, and networking across VC-backed, private and public companies, Harr will build on Panzura's milestone year in 2015 and lead the company in its next stage of growth.
 
Logi Analytics, Virginia, May 2016
Logi Analytics announced that its Board of Directors has appointed Steven Schneider as CEO. Brett Jackson will assume the role of Executive Chairman and will continue to serve as the Chairman of Logi's Board. Schneider joined Logi Analytics in 2008 and has moved quickly through the company's ranks, leading multiple key functions, including Sales, Marketing and Product. He most recently served as Chief Operating Officer with a focus on developing its long term strategy. Logi Analytics also announced that Brett Jackson has assumed the role of Executive Chairman and will continue to serve as Chairman of its Board of Directors. He will devote his time to supporting Schneider as he continues to drive product innovation and implements his long-term vision. Jackson has served as Logi's CEO since 2009.
 
Nutmeg Saving and Investment Limited, U.K, May 2016
Nutmeg has named Martin Stead as its new CEO, with incumbent Nick Hungerford taking up a non-executive director role. Stead joined the company chief revenue officer back in September. He was previously the marketing, digital and sales director at EDF Energy. Prior to that, he worked at Procter & Gamble, where he was behind the group's branding campaign for Ariel. He also worked on new launch campaigns for the company's Oral-B franchise.
 
SecureCom Mobile  (DB:S6U), Canada, May 2016
SecureCom Mobile provided corporate update. The company is transitioning from the start up stage to the execution and launch stage with a new management team, board of directors, and global partners. The major activities the company has executed on are summarized as follows: the company appointed a new CEO, Roland Bopp who is an experienced operational CEO with global reach in the telecom and internet services markets; appointed a new Board of Directors which includes Roland Bopp, Gary Bartholomew, seasoned technology entrepreneur and Tech Fund Manager, Stephen Barley, experienced in public company transactions, corporate finance and a securities law registered in British Columbia and Alberta. Appointed a new CFO, Arvin Ramos with valued experience in public company accounting and audit. Built an advisory board with some of the top names in internet security and mobile services by adding Werner Dittmann, senior software engineer in security and telecom, as well as, Willi Mannheims with 25 years of experience in technology and telecommunications..
 
Of Note: Other CEO Moves
 
  • Cable & Wireless Communications Plc announced that CEO, Phil Bentley, will leave the Company on May 16, 2016 on completion of the recommended takeover of the Company by Liberty Global plc.
  • TradingScreen announced the creation of an Executive Committee consisting of three long time Board members, Piero Grandi, Pierre Schroeder and Robert Trudeau, to oversee the operations of the company. Grandi has been elected Chairman of the Board and effective immediately, Schroeder will serve as CEO during Co-founder Philippe Buhannic's leave of absence. Piero Grandi, a senior executive with 35 years of international financial services management experience at Citicorp, American Express and Lloyds Banking Group has been an angel investor in Tradingscreen and a long standing independent Director of the company.

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Read 4497 times Last modified on Friday, 14 August 2020 15:51
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, garage.ca, 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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