Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of January 2017.
The average length of time the CEO searches have been open is 5.5 months, up from 5 months in 2016. There is little variance across geographies.
Total Tech CEO Roles Open: 87
New Tech CEO Appointments: 92 (4 women – 4.3%, 88 men)
New Technology CEO Stats
New Tech CEO Openings: 11 – Aixtron (Germany), IRIS Corporation (Malaysia), Cherry (Sweden), Numerex (GA), Myriad Group (Switzerland), Nuix (Australia), Micronet (Israel), HealthWarehouse.com (KY), Netccentric (Singapore), Urbanise.com (Australia), and DTG (Netherlands).
CEOs Appointed
Sources of Appointments: 48 were External appointments, and 44 were internal promotions.
Others: founders, former execs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, and Leaders from acquired companies, etc.
Diversity: 4.3% of the appointments are women CEOs. GFT Technologies (Germany), Electronic Commodities Exchange (NY), Pounce Technologies (Ontario), Apica (Sweden).
Geographic Distribution: 59 in North America, 15 in Europe, 15 in Asia/Russia/Australia, and 3 in Middle East & Africa.
The average and median times open CEO roleshave 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 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 - dora@vell.com
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
Tech Companies - CEO Roles Open You can subscribe to our Open Roles Newsletters and research reports.
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Reliance Communications, India - $3.1B, October 2016
Reliance Communications announced that the company has accepted request of Mr. Vinod Sawhny to step down as CEO of the company with effect from September 30, 2016 to enable him and his family to relocate to New Delhi for personal reasons. Mr. William (Bill) Barney and Mr. Gurdeep Singh, who are already working with the company, will function as acting Co-CEOs of the company with immediate effect.
William Hill, UK - $2.4B, July 2016
The Board of William Hill PLC announced that James Henderson is stepping down as CEO with immediate effect. Philip Bowcock, CFO, has been appointed as Interim CEO. The search for a permanent replacement has been instigated.
Nuance Communications, Massachusetts - $1.9B, November 2016
Nuance Communications announced that its Board of Directors has extended Nuance Chairman and CEO Paul Ricci’s employment agreement through the first half of fiscal 2018. Mr. Ricci has advised the Board that he intends to retire at the end of this term. The Board of Directors will undertake a search process to choose Mr. Ricci’s successor during the term.
Nuance Communications announced that its Board of Directors has extended Nuance Chairman and CEO Paul Ricci’s employment agreement through the first half of fiscal 2018. Mr. Ricci has advised the Board that he intends to retire at the end of this term. The Board of Directors will undertake a search process to choose Mr. Ricci’s successor during the term.
T-Mobile Netherlands B.V., Netherlands - $1.8B, June 2016
Deutsche Telekom announced a complete revamp of its management team at T-Mobile Netherlands. The new Dutch team will see its CEO named this summer, as the current CEO Mark Klein is leaving in September to join Ergo.
GrameenPhone, Bangladesh - $1.4B, October 2016
The Grameenphone Board of Directors has appointed Mr. Petter-B. Furberg (49) as the company's interim CEO, effective from 1 November 2016.Furberg is the SVP Telenor Digital Businesses, based in Bangkok. Furberg will replace Rajeev Sethi who will pursue new opportunities.
FTD Companies, Illinois - $1.14B, November 2016
FTD Companies announced that Christopher W. Shean, one of the company’s directors, has been appointed interim President and CEO. Shean has served as one of FTD’s directors since December 2014. Mr. Shean is CEO of Liberty Expedia Holdings.
FTD Companies announced that Christopher W. Shean, one of the company’s directors, has been appointed interim President and CEO. Shean has served as one of FTD’s directors since December 2014. Mr. Shean is CEO of Liberty Expedia Holdings.
Syntel, Michigan - $983.2M, November 2016
Syntel appointed Rakesh Khanna, formerly COO, as interim CEO and President, effective November 3, 2016.
Syntel appointed Rakesh Khanna, formerly COO, as interim CEO and President, effective November 3, 2016.
NII Holdings, Virginia - $981.4M, December 2016
On December 21, 2016, in connection with the approval of the Company’s 2017 budget, the Agreement with Steven M. Shindler, CEO, was updated to provide for a target termination date of April 1, 2017.
Jenoptik, Germany - $754.4M, September 2016
The President & CEO Dr. Michael Mertin has informed the Supervisory Board of Jenoptik AG that he will not be seeking another term on the Executive Board after the expiry of his employment contract on June 30, 2017.
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.
Imation announced that Bob Fernander, an existing member of the company’s Board of Directors, has been appointed as Interim CEO.
Torstar, Ontario - $565.3M, July 2016
Torstar Corporation announced that David Holland has decided to retire as President and CEO of Torstar Corporation later this fall. Torstar has initiated a search to fill the joint position of President and CEO of Torstar and Publisher of the Toronto Star. Mr. Holland has worked in a number of divisions within Torstar since 1986, and has served as President and CEO for the past seven years.
Torstar Corporation announced that David Holland has decided to retire as President and CEO of Torstar Corporation later this fall. Torstar has initiated a search to fill the joint position of President and CEO of Torstar and Publisher of the Toronto Star. Mr. Holland has worked in a number of divisions within Torstar since 1986, and has served as President and CEO for the past seven years.
TeleCity Group, UK - $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.
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.
Broadway Industrial Group, Singapore - $447.1M, December 2016
Broadway Industrial Group Limited announced that the cessation of Mr. Lee Wai Leong (Jeremy) as Executive Director and CEO. The effective date is December 30, 2016.
Broadway Industrial Group Limited announced that the cessation of Mr. Lee Wai Leong (Jeremy) as Executive Director and CEO. The effective date is December 30, 2016.
Sepura, UK - $215.6M, October 2016
Sepura PLC has appointed Alan Lovell as Chairman and David Barrass as Interim CEO. David has held a number of CEO roles as well as non-executive positions. David's appointment reflects the extended period of absence being taken by Gordon Watling, the CEO, on medical advice, as announced on 14 September 2016. Richard Smith reverts to his role as CFO having previously also been Acting CEO.
Sepura PLC has appointed Alan Lovell as Chairman and David Barrass as Interim CEO. David has held a number of CEO roles as well as non-executive positions. David's appointment reflects the extended period of absence being taken by Gordon Watling, the CEO, on medical advice, as announced on 14 September 2016. Richard Smith reverts to his role as CFO having previously also been Acting CEO.
EMIS Group, UK - $208.4M, December 2016
EMIS Group plc announced that Chris Spencer, the Group's CEO since 2013, having reached the age of 60, has indicated his intention to retire from his position and from the Board by the end of 2017.
EMIS Group plc announced that Chris Spencer, the Group's CEO since 2013, having reached the age of 60, has indicated his intention to retire from his position and from the Board by the end of 2017.
Aixtron, Germany - $190.1M, January 2017
Aixtron announced that the current CEO of the company, Martin Goetzeler, is leaving the company at the end of his contract. Former AIXTRON Executive Board Member and current Supervisory Board Chairman, Kim Schindelhauer, will take on Mr. Goetzeler's duties as CEO and CFO on an interim basis starting March 1, 2017, until a successor is found.
Aixtron announced that the current CEO of the company, Martin Goetzeler, is leaving the company at the end of his contract. Former AIXTRON Executive Board Member and current Supervisory Board Chairman, Kim Schindelhauer, will take on Mr. Goetzeler's duties as CEO and CFO on an interim basis starting March 1, 2017, until a successor is found.
YourPeople, California - $158.4M, December 2016
Zenefits announced that CEO David Sacks, is leaving the company. Sacks confirmed that he will be stepping down from his position.
Zenefits announced that CEO David Sacks, is leaving the company. Sacks confirmed that he will be stepping down from his position.
Marchex, Washington - $142.1M, October 2016
Marchex announced changes to its executive leadership team to improve its operational performance and focus on returning the company to profitability. Pete Christothoulou has resigned as CEO. The Board of Directors has created an Interim Office of the CEO subject to oversight by Anne Devereux-Mills as Chairman and comprised of the following members: Russell Horowitz, former CEO and Chairman of the Board and current consultant to the company, Michael Arends, CFO; Ethan Caldwell, Chief Administrative Officer and General Counsel; and Gary Nafus, Chief Revenue Officer. The Board of Directors will begin a search for the company’s next CEO.
Marchex announced changes to its executive leadership team to improve its operational performance and focus on returning the company to profitability. Pete Christothoulou has resigned as CEO. The Board of Directors has created an Interim Office of the CEO subject to oversight by Anne Devereux-Mills as Chairman and comprised of the following members: Russell Horowitz, former CEO and Chairman of the Board and current consultant to the company, Michael Arends, CFO; Ethan Caldwell, Chief Administrative Officer and General Counsel; and Gary Nafus, Chief Revenue Officer. The Board of Directors will begin a search for the company’s next CEO.
Nera Telecommunications, Singapore - $137.6M, October 2016
The Board of Nera Telecommunications announced that Mr. Ang Seong Kang Samuel, CEO, has tendered his resignation on October 24, 2016. In accordance with his contractual obligations, he will continue to be employed by the company for a period of 18 months and will facilitate the transition of leadership. His final day of service with the company shall be on April 23, 2018. The Board has appointed Mr. Beck Tong Hong to serve as acting CEO in the interim.
The Board of Nera Telecommunications announced that Mr. Ang Seong Kang Samuel, CEO, has tendered his resignation on October 24, 2016. In accordance with his contractual obligations, he will continue to be employed by the company for a period of 18 months and will facilitate the transition of leadership. His final day of service with the company shall be on April 23, 2018. The Board has appointed Mr. Beck Tong Hong to serve as acting CEO in the interim.
Model N, California - $107M, November 2016
Model N announced that effective November 15, 2016, Zack Rinat has re-assumed the role of CEO on an interim basis to replace Edward Sander, who will be leaving the company and resigning from the board of directors effective November 18, 2016. Mr. Rinat is Model N's founder and has served as the Chairman of the board of directors since the company's inception in December 1999. Mr. Rinat also served as the company's CEO from December 1999 to February 2016 and as Executive Chairman since February 2016.
Model N announced that effective November 15, 2016, Zack Rinat has re-assumed the role of CEO on an interim basis to replace Edward Sander, who will be leaving the company and resigning from the board of directors effective November 18, 2016. Mr. Rinat is Model N's founder and has served as the Chairman of the board of directors since the company's inception in December 1999. Mr. Rinat also served as the company's CEO from December 1999 to February 2016 and as Executive Chairman since February 2016.
Yuuzoo, Singapore - $106.1M, November 2016
Yuuzoo Corporation Limited announced the cessation of James Matthew Somasundram as CEO. Due to personal reasons or health reasons.
Yuuzoo Corporation Limited announced the cessation of James Matthew Somasundram as CEO. Due to personal reasons or health reasons.
IRIS Corporation, Malaysia - $100.9M, January 2017
The Board of Directors of IRIS Corporation Berhad announced that on January 20, 2017, the Board of Directors have appointed Mr. Choong Choo Hock, the current Chief Operations Officer of the Trusted Identification Division as the acting CEO of the company.
The Board of Directors of IRIS Corporation Berhad announced that on January 20, 2017, the Board of Directors have appointed Mr. Choong Choo Hock, the current Chief Operations Officer of the Trusted Identification Division as the acting CEO of 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.
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.
Solutionary, Nebraska - $98.1M, August 2016
The CEO of Solutionary will step down at the end of this year, as the company is becoming more tightly integrated into the Japanese firm that acquired it in 2013. Steve Idelman said the company, known as of Aug. 1, 2016 as NTT Security, is hiring and growing in Omaha.
The CEO of Solutionary will step down at the end of this year, as the company is becoming more tightly integrated into the Japanese firm that acquired it in 2013. Steve Idelman said the company, known as of Aug. 1, 2016 as NTT Security, is hiring and growing in Omaha.
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.
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.
Cherry, Sweden - $87.6M, January 2017
The Board of Directors of Cherry AB announced that CEO Fredrik Burvall agreed to leave his role as CEO due to family reasons. He will remain at the company until summer 2017. The Board of Directors has appointed Anders Holmgren as acting CEO until a new CEO has been recruited. Holmgren is currently a board member of Cherry AB and one of the founders of Betsson where he also held the role as the CEO for Betsson Malta.
The Board of Directors of Cherry AB announced that CEO Fredrik Burvall agreed to leave his role as CEO due to family reasons. He will remain at the company until summer 2017. The Board of Directors has appointed Anders Holmgren as acting CEO until a new CEO has been recruited. Holmgren is currently a board member of Cherry AB and one of the founders of Betsson where he also held the role as the CEO for Betsson Malta.
Jiangsu Nandasoft Technology, China - $81.3M, November 2016
The board of directors of Jiangsu NandaSoft Technology Company Limited announced that Mr. QIAO Ruo Gu has resigned from the offices of executive director and CEO of the Company, and Mr. DONG Liang has resigned as supervisor representing the shareholders of the Company, both with effect from 9 November 2016, due to their desire to devote more time on their personal affairs.
The board of directors of Jiangsu NandaSoft Technology Company Limited announced that Mr. QIAO Ruo Gu has resigned from the offices of executive director and CEO of the Company, and Mr. DONG Liang has resigned as supervisor representing the shareholders of the Company, both with effect from 9 November 2016, due to their desire to devote more time on their personal affairs.
Numerex, Georgia - $71.9M, January 2017
Numerex announced that its Board of Directors has terminated the employment of Marc Zionts as CEO. Kenneth Gayron, the CFO, will assume the additional role of interim CEO working in close conjunction with the full Board while the Company conducts a search for a permanent CEO.
Numerex announced that its Board of Directors has terminated the employment of Marc Zionts as CEO. Kenneth Gayron, the CFO, will assume the additional role of interim CEO working in close conjunction with the full Board while the Company conducts a search for a permanent CEO.
Support.com, California - $65.1M, October 2016
On October 28, 2016, Elizabeth M. Cholawsky resigned her position as president and CEO of Support.com. On October 28, 2016, the board of directors of the company elected Richard Bloom as the interim president and CEO of the company. Mr. Bloom, age 49, currently serves on the board, and has served since June 2016.
On October 28, 2016, Elizabeth M. Cholawsky resigned her position as president and CEO of Support.com. On October 28, 2016, the board of directors of the company elected Richard Bloom as the interim president and CEO of the company. Mr. Bloom, age 49, currently serves on the board, and has served since June 2016.
NetComm Wireless, Australia - $63.4M, November 2016
NetComm Wireless Limited announced that David Stewart will be retiring from the role of CEO & Managing Director, as well as from the company's Board, effective from 23 December 2016. Until a formal appointment has been made, Ken Sheridan, the company's current Chief Strategy Officer and Executive Director has been appointed Interim CEO.
NetComm Wireless Limited announced that David Stewart will be retiring from the role of CEO & Managing Director, as well as from the company's Board, effective from 23 December 2016. Until a formal appointment has been made, Ken Sheridan, the company's current Chief Strategy Officer and Executive Director has been appointed Interim CEO.
Oculus VR, California - $58.9M, December 2016
Brendan Iribe, the CEO of Facebook's virtual reality unit Oculus VR, is stepping down from his position as part of a restructuring. Jon Thomason, who joined Oculus recently, will head the mobile VR group. Thomason and Iribe, along with Facebook's CTO Mike Schroepfer, will together look for a new CEO for Oculus. Oculus, will split into two groups: PC and mobile. Iribe will step down from the top spot to lead the PC VR group.
Brendan Iribe, the CEO of Facebook's virtual reality unit Oculus VR, is stepping down from his position as part of a restructuring. Jon Thomason, who joined Oculus recently, will head the mobile VR group. Thomason and Iribe, along with Facebook's CTO Mike Schroepfer, will together look for a new CEO for Oculus. Oculus, will split into two groups: PC and mobile. Iribe will step down from the top spot to lead the PC VR group.
Giken Sakata, Singapore - $55.5M, November 2016
Giken Sakata (S) Limited announced cessation of Tan Kay Guan as Executive Director and CEO of the company, to pursue personal interest.
Giken Sakata (S) Limited announced cessation of Tan Kay Guan as Executive Director and CEO of the company, to pursue personal interest.
Paymark, New Zealand - $47.5M, December 2016
Paymark CEO Mark Rushworth has resigned from the firm. General counsel Liam O'Reilly will act in the role until a new head is appointed. Rushworth was in charge of the company for three years.
Paymark CEO Mark Rushworth has resigned from the firm. General counsel Liam O'Reilly will act in the role until a new head is appointed. Rushworth was in charge of the company for three years.
Ensogo, Hong Kong - $43.6M, June 2016
The Board of Ensogo advised that it has accepted the resignation of CEO, Mr. Kris Marszalek. Marszalek is a co-founder of E88 and has been the CEO since August 2014. The Board is yet to announce the appointment of a new CEO.
The Board of Ensogo advised that it has accepted the resignation of CEO, Mr. Kris Marszalek. Marszalek is a co-founder of E88 and has been the CEO since August 2014. The Board is yet to announce the appointment of a new CEO.
Xchanging Solutions, India - $42.2M, October 2016
Xchanging Solutions announced that company has received a resignation letter from Mr. Alok Kumar Sinha, CEO cum whole time director with effect from November 10, 2016.
Xchanging Solutions announced that company has received a resignation letter from Mr. Alok Kumar Sinha, CEO cum whole time director with effect from November 10, 2016.
Brady, UK - $37.3M, September 2016
Brady plc announced that after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO with immediate effect. Mr. Lavelle will leave the company in February 2017. And Ian Jenks will assume operational control of the company as executive chairman.
Brady plc announced that after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO with immediate effect. Mr. Lavelle will leave the company in February 2017. And Ian Jenks will assume operational control of the company as executive chairman.
Touchcorp, Australia - $34.3M, November 2016
Touchcorp Limited announced that Managing Director, Mr. Adrian Cleeve, passed away on November 8, 2016 after a short illness. The Chairman of Touchcorp, Mr. Mike Jefferies, has been appointed as acting CEO.
Touchcorp Limited announced that Managing Director, Mr. Adrian Cleeve, passed away on November 8, 2016 after a short illness. The Chairman of Touchcorp, Mr. Mike Jefferies, has been appointed as acting CEO.
1Spatial, UK - $34.1M, December 2016
The Board of 1Spatial plc announced that Marcus Hanke has ceased to carry out the functions of the CEO and will be resigning as a director. Claire Milverton, CFO, will carry out these functions on an interim basis.
The Board of 1Spatial plc announced that Marcus Hanke has ceased to carry out the functions of the CEO and will be resigning as a director. Claire Milverton, CFO, will carry out these functions on an interim basis.
RF Industries, California - $32.7M, October 2016
RF Industries announced that Johnny Walker, President and CEO, and the company mutually agreed to terminate his employment with the company to allow Mr. Walker to attend to family medical needs and to be closer to his residence in Arlington, Texas. Howard Hill, RFI's former President, CEO and Founder, will serve, without pay, as the company's interim President and CEO.
RF Industries announced that Johnny Walker, President and CEO, and the company mutually agreed to terminate his employment with the company to allow Mr. Walker to attend to family medical needs and to be closer to his residence in Arlington, Texas. Howard Hill, RFI's former President, CEO and Founder, will serve, without pay, as the company's interim President and CEO.
zamano, 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.
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.
Photon Control, Canada - $21.5M, June 2016
Christopher Weston has stepped down as President and CEO and has resigned from the Board of Photon Control. Michael Goldstein, Deputy Chairman of the Board, has been appointed Chairman and Acting CEO.
Christopher Weston has stepped down as President and CEO and has resigned from the Board of Photon Control. Michael Goldstein, Deputy Chairman of the Board, has been appointed Chairman and Acting CEO.
Myriad Group, Switzerland - $17.4M, January 2017
Erik Hansen, the Chairman of the Board of Directors, has been appointed Executive Chairman of Myriad as Stephen Dunford resigns from his role as CEO.
Erik Hansen, the Chairman of the Board of Directors, has been appointed Executive Chairman of Myriad as Stephen Dunford resigns from his role as CEO.
Nuix, Australia - $17.4M, January 2017
Eddie Sheehy has resigned as CEO and from the Nuix Board. Until the board appoints a CEO, Nuix co-founder and Chairman Dr. Tony Castagna will assume many of the current CEO responsibilities with the able support of a highly experienced senior team from offices around the world.
Eddie Sheehy has resigned as CEO and from the Nuix Board. Until the board appoints a CEO, Nuix co-founder and Chairman Dr. Tony Castagna will assume many of the current CEO responsibilities with the able support of a highly experienced senior team from offices around the world.
Brekford, Maryland - $16M, November 2016
Brekford Corp. announced that effective November 23, 2016 the company entered into a separation agreement with C.B. Brechin, the company's CEO and CFO. Pursuant to the Separation Agreement, as of the Effective Date Mr. Brechin commenced a sabbatical leave from his position as the company's CEO and CFO. Mr. Brechin will continue to serve as a member of the Board of Directors of the company. Commencing 18 months after the Effective Date, Mr. Brechin will serve as a consultant to the company for a period of four years pursuant to the terms of a consulting agreement between the company and Mr. Brechin. Rodney Hillman, the company's President and COO was named principal financial officer as of November 23, 2016.
Brekford Corp. announced that effective November 23, 2016 the company entered into a separation agreement with C.B. Brechin, the company's CEO and CFO. Pursuant to the Separation Agreement, as of the Effective Date Mr. Brechin commenced a sabbatical leave from his position as the company's CEO and CFO. Mr. Brechin will continue to serve as a member of the Board of Directors of the company. Commencing 18 months after the Effective Date, Mr. Brechin will serve as a consultant to the company for a period of four years pursuant to the terms of a consulting agreement between the company and Mr. Brechin. Rodney Hillman, the company's President and COO was named principal financial officer as of November 23, 2016.
Micronet, Israel - $15.7M, January 2017
On January 8, 2017, Micronet informed Mr. Shai Lustgarten that his position as CEO is terminated effective as of January 10, 2017 however Mr. Lustgarten will continue to provide his services to the company as required until the termination of his employment.
On January 8, 2017, Micronet informed Mr. Shai Lustgarten that his position as CEO is terminated effective as of January 10, 2017 however Mr. Lustgarten will continue to provide his services to the company as required until the termination of his employment.
Image Sensing Systems, Minnesota - $15.2M, June 2016
Image Sensing Systems announced that Dale Parker has resigned as CFO, Interim CEO, COO and Director. The board has appointed Chad Stelzig as Interim CEO. Mr. Stelzig has most recently served as VP of Engineering of ISS in addition to his prior position as Director of Algorithm and Software Engineering at the Company.
Image Sensing Systems announced that Dale Parker has resigned as CFO, Interim CEO, COO and Director. The board has appointed Chad Stelzig as Interim CEO. Mr. Stelzig has most recently served as VP of Engineering of ISS in addition to his prior position as Director of Algorithm and Software Engineering at the Company.
Giga-tronics, California - $13.7M, August 2016
Giga-tronics Incorporated appointed W. Joseph Thompson as Chairman and Acting CEO. He succeeds John Regazzi, the architect of the company’s Advanced Signal Generator and Analysis platform (ASG), who is assuming the role of CTO to enable him to focus on customer engagement and future technology development.
Giga-tronics Incorporated appointed W. Joseph Thompson as Chairman and Acting CEO. He succeeds John Regazzi, the architect of the company’s Advanced Signal Generator and Analysis platform (ASG), who is assuming the role of CTO to enable him to focus on customer engagement and future technology development.
Adept4, 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.
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.
WANdisco, UK - $11M, September 2016
The Board of WANdisco announced that David Richards, CEO, will be stepping down from the Board and his role as CEO of the company with immediate effect. In the interim period, Paul Walker, Non-Executive Chairman, has assumed the role of Executive Chairman with immediate effect.
The Board of WANdisco announced that David Richards, CEO, will be stepping down from the Board and his role as CEO of the company with immediate effect. In the interim period, Paul Walker, Non-Executive Chairman, has assumed the role of Executive Chairman with immediate effect.
HealthWarehouse.com, Kentucky - $9.31M, January 2017
HealthWarehouse.com appointed John Pauly as the COO and interim President and CEO of the Company. Jeffrey Holtmeier, CEO of the company, has left the company to pursue other interests, and in connection with his departure, has also resigned his position as a director of the company.
HealthWarehouse.com appointed John Pauly as the COO and interim President and CEO of the Company. Jeffrey Holtmeier, CEO of the company, has left the company to pursue other interests, and in connection with his departure, has also resigned his position as a director of the company.
Netccentric, Singapore - $9.18M, January 2017
Netccentric advised that Cheo Ming Shen has stepped down from his current position as CEO. Yang Huiwen, current Regional Director of the Netccentric will act as Interim CEO, and the Board of Directors is working closely with Netccentric's executive team. An internal and external process to engage a new CEO will commence immediately. Cheo will remain on the Board of the Company as a Non-Executive Director.
Netccentric advised that Cheo Ming Shen has stepped down from his current position as CEO. Yang Huiwen, current Regional Director of the Netccentric will act as Interim CEO, and the Board of Directors is working closely with Netccentric's executive team. An internal and external process to engage a new CEO will commence immediately. Cheo will remain on the Board of the Company as a Non-Executive Director.
Mr Green & Co Technology, China - $7.93M, December 2016
Stefan Gustafsson has been appointed as acting CEO of Mr. Green & Co Technology AB. He has extensive experience in senior positions within IT, among other positions such as CIO at Elon Group, Boxer and Com Hem. Stefan Gustafsson succeeds Niclas Enhörning who was appointed CEO of Mr. Green & Co Technology in 2014.
Stefan Gustafsson has been appointed as acting CEO of Mr. Green & Co Technology AB. He has extensive experience in senior positions within IT, among other positions such as CIO at Elon Group, Boxer and Com Hem. Stefan Gustafsson succeeds Niclas Enhörning who was appointed CEO of Mr. Green & Co Technology in 2014.
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.
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.
Urbanise.com, Australia - $6.27M, January 2017
Benjamin Churchill Current CEO, Ben Churchill, will step down from his role as CEO, with immediate effect and will assume a new, part time, role as Chief Evangelist and Advisory Board member and will assist Urbanise to pursue strategic opportunities. Mr. Churchill will remain on the Board of Directors for a transitional period. Current chairman Tony Scotton will assume the role of Interim CEO.
Benjamin Churchill Current CEO, Ben Churchill, will step down from his role as CEO, with immediate effect and will assume a new, part time, role as Chief Evangelist and Advisory Board member and will assist Urbanise to pursue strategic opportunities. Mr. Churchill will remain on the Board of Directors for a transitional period. Current chairman Tony Scotton will assume the role of Interim CEO.
Uniserve Communications, Canada - $4.9M, October 2016
Uniserve Communications Corporation announced that Hashim Mitha, the current President and COO, has been appointed interim CEO allowing John Dobson to focus his efforts on growing the company`s enterprise consulting division.
Great Elm Capital Group, California - $4.5M, July 2016
On July 18, 2016, Mr. Richard S. Chernicoff was appointed, on an interim basis, as CEO of the Great Elm Capital Group. Mr. Chernicoff will remain a member of the company's board of directors.
Sunvault Energy, Alberta - $3.87M, October 2016
Gary Monaghan has resigned as a member of board of directors. Mr. Monaghan concurrently resigned as CEO of company. The resignation of Mr. Monaghan is as a direct result of a change of control in the company per his management contract and a difficult personal family illness at home and not the result of any disagreement with company regarding operations, policies, practices or otherwise. Mr, Monaghan is enacting his change of control provisions within his management contract which is predominantly unpaid to date.
8common, Australia - $2.74M, December 2016
8common Limited announced that CEO Nick Gonios has resigned and provided six months notice. Nick will continue to provide services to the company as per his contract in his current role until his final day of service. Mr. Gonios said he was proud of the positive milestones he has achieved during his time as Group COO and CEO.
8common Limited announced that CEO Nick Gonios has resigned and provided six months notice. Nick will continue to provide services to the company as per his contract in his current role until his final day of service. Mr. Gonios said he was proud of the positive milestones he has achieved during his time as Group COO and CEO.
DagangHalal, UK - $1.48M, October 2016
A search for a replacement for CEO Mohamed Hazli Mohamed Hussain has commenced. In the interim period, Francis Chong, Managing Director and co-founder, has assumed the role of CEO with immediate effect.
A search for a replacement for CEO Mohamed Hazli Mohamed Hussain has commenced. In the interim period, Francis Chong, Managing Director and co-founder, has assumed the role of CEO with immediate effect.
iGAMBIT, New York - $1.47M, October 2016
The Board of Directors of iGambit unanimously voted to remove Rory T. Welch as its president and CEO. On October 24, 2016, Board of Directors unanimously voted to appoint John Salerno as its interim President and CEO, to replace its current president and chief executive. Officer Rory T. Welch. Mr. Welch will remain in the role of CEO and President of Subsidiary Wala.
The Board of Directors of iGambit unanimously voted to remove Rory T. Welch as its president and CEO. On October 24, 2016, Board of Directors unanimously voted to appoint John Salerno as its interim President and CEO, to replace its current president and chief executive. Officer Rory T. Welch. Mr. Welch will remain in the role of CEO and President of Subsidiary Wala.
Magor Corporation, Ontario - $1.4M, August 2016
Magor Corporation announced that Mr. Mike Pascoe has decided to step down as CEO and a member of the Board on August 31, 2016. The board has appointed Mr. Brian Baker, its current CFO, as interim President and CEO and he will be joining the board of directors.
Magor Corporation announced that Mr. Mike Pascoe has decided to step down as CEO and a member of the Board on August 31, 2016. The board has appointed Mr. Brian Baker, its current CFO, as interim President and CEO and he will be joining the board of directors.
Spindle, Arizona - $0.6M, June 2016
On January 3, 2017, Michael Schwartz informed the board of directors of Spindle that he would resign from his position as Interim CEO, for personal reasons. Mr. Schwartz has served as Interim CEO since June 13, 2016. On January 5, 2017, the Board appointed Dr. Jack Scott as Interim CEO. Dr. Scott has served as a director of the Company since September 1, 2014.
On January 3, 2017, Michael Schwartz informed the board of directors of Spindle that he would resign from his position as Interim CEO, for personal reasons. Mr. Schwartz has served as Interim CEO since June 13, 2016. On January 5, 2017, the Board appointed Dr. Jack Scott as Interim CEO. Dr. Scott has served as a director of the Company since September 1, 2014.
Quantum Materials, Texas - $0.25M, December 2016
On December 22, 2016, Quantum Materials Corp. and Sriram Peruvemba entered into a Resignation Agreement pursuant to which Mr. Peruvemba resigned from his positions of officer and director of the company and agreed to terminate his employment agreement dated June 13, 2016. The company elected Stephen Squires Interim CEO and President.
On December 22, 2016, Quantum Materials Corp. and Sriram Peruvemba entered into a Resignation Agreement pursuant to which Mr. Peruvemba resigned from his positions of officer and director of the company and agreed to terminate his employment agreement dated June 13, 2016. The company elected Stephen Squires Interim CEO and President.
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.
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.
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.
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.
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.
Micromax Informatics, 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.
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.
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.
Trendit, Israel, March 2016
The Board of Directors of Trendit appointed 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.
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.
ZipLocal, Canada, May 2016
ZipLocal appointed Kent Taylor as a director and Interim CEO of the company, effective January 26, 2017.
Gateway Media, Missouri, June 2016
Gateway Media announced that Gabe Douek CEO has left the company.
Lavu, New Mexico, June 2016
Marc Chesley has stepped down as the CEO of Lavu. Chesley confirmed that he left Lavu June 9, 2016.
HGS Colibrium, Georgia, June 2016
HGS Colibrium’s Board of Directors announced that Mark Poling has resigned as CEO and is leaving as a founder to pursue other interests.
chatAND, New York, June 2016
Effective as of January 3, 2017, David Stefasnky resigned as the interim CEO and member of the Board of Directors of chatAND.
WordLogic, Canada, June 2016
Frank Evanshen hereby resigned from the Board of Directors and the position of CEO and President of WordLogic.
Spire, Massachusetts, August 2016
On August 19, 2016, the Board of Directors of Spire Corporation notified Rodger W. LaFavre that he was released as CEO and as an employee of Spire Corporation, effective August 26, 2016. *Replacement not announced.
TransBiotec, California, September 2016
TransBiotec appointed Ivan Braiker as Interim CEO and Interim Secretary, on September 1, 2016. Mr. Braiker was CEO of DubLi from May 2015 to January 2016. Prior to his position with DubLi, Mr. Braiker was President and CEO of Hipcricket from 2004 to 2014.
TransBiotec appointed Ivan Braiker as Interim CEO and Interim Secretary, on September 1, 2016. Mr. Braiker was CEO of DubLi from May 2015 to January 2016. Prior to his position with DubLi, Mr. Braiker was President and CEO of Hipcricket from 2004 to 2014.
INTREorg Systems, Texas, October 2016
INTREorg Systems appointed, Mr. Thomas Lindholm to serve as a member of the company's board of directors. The board intends for Mr. Lindholm to serve as Executive Director (Officer) and be charged with recruiting and hiring a full time CEO for the Company to replace out-going President, Darren Dunckel. Currently, Mr. Lindholm is CEO of Rangeford Resources. Previously Mr. Lindholm was EVP of Radiant Oil and Gas and consultant to several other oil and gas companies in Houston, Texas.
UA Multimedia, California, October 2016
UA Multimedia announced that due to weak results in the movie production business, the Company has appointed Thu Pham as acting CEO to oversee a shift in operations and guide the Company into the advantageous and thriving cannabis industry.
FibreCo Telecommunications, South Africa, October 2016
FibreCo Telecommunications has appointed Simon Harvey as its interim CEO for the next six months. The company says Harvey is taking over from Arif Hussain, who is leaving FibreCo after six years to pursue personal interests.
Techstep ASA, Norway, October 2016
Techstep ASA announced that the termination notice period for its CEO, Lonnie Schilling, has expired and, as a result, that Mr. Schilling no longer serves as CEO of the company. By resolution of the board of directors of the company, Fredrik Johansson, COO and acting CFO, has assumed the position as acting CEO, pending the board's decision on a permanent CEO.
Omnitele, Finland, December 2016
Tomi Paatsila, the CEO of Omnitele since October 2010, is departing from the company after December 31, 2016. Head of Service and Business Development Ville Laakso, who has been with Omnitele since 2006, is appointed as Acting CEO starting January 1, 2017. In his new role Ville Laakso shall be responsible for further strengthening the customer relationships of the company and thereby the overall business of Omnitele.
Tomi Paatsila, the CEO of Omnitele since October 2010, is departing from the company after December 31, 2016. Head of Service and Business Development Ville Laakso, who has been with Omnitele since 2006, is appointed as Acting CEO starting January 1, 2017. In his new role Ville Laakso shall be responsible for further strengthening the customer relationships of the company and thereby the overall business of Omnitele.
Avero, New York, December 2016
Avero announced that its founder, Damian Mogavero, is stepping down from his position as CEO, effective January 5, 2017. He is leaving to pursue new opportunities related to hospitality and will remain involved in Avero in an advisory capacity.
Avero announced that its founder, Damian Mogavero, is stepping down from his position as CEO, effective January 5, 2017. He is leaving to pursue new opportunities related to hospitality and will remain involved in Avero in an advisory capacity.
Zyber Holdings, Australia, December 2016
Zyber Holdings Limited announced the resignation of Mr. Ben Daly as CEO and Mr. Jason Tomkinson will step down from his role as an executive director and will move to a non-executive role.
Zyber Holdings Limited announced the resignation of Mr. Ben Daly as CEO and Mr. Jason Tomkinson will step down from his role as an executive director and will move to a non-executive role.
ProText Mobility, Florida, December 2016
On September 1, 2015, and on September 11, 2015, ProText Mobility accepted the resignations of Steve Berman as Interim CEO and Frank Chester as a member of the Board of Directors, respectively. On September 12, 2015, the company appointed David Lewis as Interim CEO. Mr. Lewis was previously serving on the Board of Directors as Executive Director and remains in that capacity.
On September 1, 2015, and on September 11, 2015, ProText Mobility accepted the resignations of Steve Berman as Interim CEO and Frank Chester as a member of the Board of Directors, respectively. On September 12, 2015, the company appointed David Lewis as Interim CEO. Mr. Lewis was previously serving on the Board of Directors as Executive Director and remains in that capacity.
DTG bv, Netherlands, January 2017
Erik Hoekstra, the CEO of DTG B.V. has decided to leave DTG, effective end of January. The CEO responsibilities will temporarily be taken over by current management team members Stef Hinfelaar (MD and CFO) and Walewein Lichtenauer (MD and chief commercial officer). The company also announced that John Goddard will join the management team as MD and chief product officer.
Erik Hoekstra, the CEO of DTG B.V. has decided to leave DTG, effective end of January. The CEO responsibilities will temporarily be taken over by current management team members Stef Hinfelaar (MD and CFO) and Walewein Lichtenauer (MD and chief commercial officer). The company also announced that John Goddard will join the management team as MD and chief product officer.
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Tech Companies: CEOs Appointed |
CEOs Appointed in the month January 2017
Tata Consultancy Services, India - $17.1B, January 2017![]()
Rajesh Gopinathan
Rajesh GopinathanTata Consultancy Services (TCS) announced that CFO Rajesh Gopinathan has been appointed as CEO and Managing Director. Mr. Gopinathan takes over from Mr. N Chandrasekaran who has been appointed as the Chairman of Tata Sons.
Publicis Groupe, France - $10.8B, January 2017
The Publicis Groupe has chosen Arthur Sadoun to succeed Maurice Lévy as Chairman & CEO of the company. He was promoted to the role in January 2017, previously he served as CEO of Publicis France.
Etihad Etisalat Company, Saudi Arabia - $3.4B, January 2017
Etihad Etisalat Co. announced that Eng. Ahmed Abdelsalam Abdelrahman replaced Mr. Ahmad Farroukh as company CEO. Eng. Ahmed, has a progressive experience exceeding 24 years in the sectors of telecommunications and ICT, and held the position of Managing Director and CEO in Global Telecom Holding and as Executive Vice president of Vimplecom group for Asia and Africa.
IBM India, India - $3.3B, January 2017
IBM appointed Karan Bajwa as Managing Director, IBM India, succeeding Vanitha Narayanan, who is now appointed as Chairman, IBM India. Bajwa joined IBM last year as executive for strategy and transformation in Asia-Pacific. He was previously the managing director of Microsoft's India business.
F5 Networks, Washington - $2B, January 2017![]()
François Locoh-Donou
François Locoh-DonouF5 Networks announced that François Locoh-Donou has been named the company's President and CEO and a member of the company’s board of directors. Locoh-Donou succeeds current President and CEO, John McAdam, who will remain a Director on the company’s board. Locoh-Donou currently serves as Senior Vice President and COO of Ciena.
Optimum Telecom Algeria, Algeria - $1.7B, January 2017
Global Telecom Holding S.A.E. and VimpelCom announced that Matthieu Galvani has been appointed CEO of Djezzy, their business in Algeria. Matthieu returned to VimpelCom in April 2016 as Chief Commercial Officer for VimpelCom's emerging markets. His previous roles include Chief Commercial Officer of Zain in Saudi Arabia from 2014 to 2016.
Micro Focus International, UK - $1.3B, January 2017
Micro Focus International announced that it has appointed a new CEO for the enlarged business it will become after the reverse takeover of the software unit of Hewlett-Packard Enterprise Co. Chris Hsu, who is currently the COO of HP Enterprise and the EVP of HP Enterprise Software, will become the CEO of the enlarged business. Stephen Murdoch will remain CEO of Micro Focus until completion of the deal.
Advantest, Japan - $1.3B, January 2017
Yoshiaki Yoshida appointed as representative director, president and CEO of the company. Yoshida has been the Managing Executive Officer of Corporate Planning & Corporate Communications and Executive Vice President of Corporate Relations Group.
ERICSSON ESPAÑA, Spain - $978.3M, January 2017
Ericsson has appointed Jose Antonio Lopez Munoz as the new CEO of its Ericsson Spain, following the retirement of Ingemar Naeve after five years in the role. Lopez has been at Ericsson for around ten years and was previously responsible for Ericsson's business and operations in Spain, Portugal, Andorra and Gibraltar, including customer relations, R&D and interaction with governments and regulators.
Softchoice Corporation, Illinois - $703.2M, January 2017
Softchoice appointed Vince De Palma as President and CEO. Mr. De Palma comes to Softchoice with more than 30 years of executive experience, having most recently served as the President and CEO of Shred-it for seven years.
Omani Qatari Telecommunications Company, Oman - $694.2M, January 2017
Ooredoo Oman has appointed Chief Commercial Officer Ian Dench as its CEO.
GFT Technologies, Germany - $467.9M, January 2017
GFT Technologies SE announced that COO Marika Lulay will replace Ulrich Dietz as new CEO.
The National Magazine Company , UK - $415.9M, January 2017
Hearst Magazines UK appointed James Wildman as president and CEO. He is currently chief revenue officer at Trinity Mirror plc.
Moneysupermarket.com, UK - $392.8M, January 2017
Mark Lewis will be new CEO replacing Peter Plumb. Lewis is currently retail director at the department store group John Lewis.
Perion Network, Israel - $295.9M, January 2017
Perion Network appointed Doron Gerstel as CEO. Most recently he was CEO of Panaya, acquired by IT giant Infosys in 2015.
AVEVA Group, UK - $265.4M, January 2017
James Kidd, Deputy CEO, has been appointed CEO.
carsales.com, Australia - $256.3M, January 2017
Cameron McIntyre, currently carsales' COO will be the next CEO and MD.
Thomas Publishing Company, New York - $248.9M, January 2017
Thomas Publishing Company announced that Tony Uphoff has joined the company as their new President and CEO. Uphoff was most recently CEO of Business.com where he led the turnaround of the company culminating in the successful sale in June of 2016.
DocuSign, California - $235.6M, January 2017
DocuSign announced that Daniel Springer has joined the company as CEO. Previously, Springer served as Chairman and CEO at Responsys for ten years.
Fike Corporation, Missouri - $215.1M, January 2017
Fike announced that it promoted Brad Batz to CEO of the company. Batz also will continue to serve as company president, a role he has held since 2014.
SMTC Corporation, Ontario - $189M, January 2017
SMTC Corporation announced the resignation of Sushil Dhiman as President and CEO of SMTC Corporation and as a member of SMTC’s Board. Prior to joining SMTC, Dhiman was SVP of Operations for Sanmina Corporation.
Agilysys, Georgia - $126.9M, January 2017
Ooyala's CEO Ramesh Srinivasan is the Company's new CEO.
RevSpring, Michigan - $104M, January 2017
GTCR announced that Rahul Gupta has assumed the role of CEO of newly acquired RevSpring. Gupta was most recently President of Billing & Payments at Fiserv.
PCTEL, Illinois - $96.1M, January 2017
PCTEL confirmed that, as previously announced, the PCTEL Board of Directors has appointed David Neumann as CEO. Neumann had been serving as the Senior Vice President and General Manager of the company’s RF Solutions group.
Castlight Health, California - $93.1M, January 2017
Castlight Health and Jiff announced agreement to come together to form a single company. Following the closing of the transaction, Castlight's president and COO, John Doyle, will assume the role of CEO of the combined company.
Allot Communications, Israel - $92.3M, January 2017
Allot Communications reported that Erez Antebi has been appointed to the position of President and CEO. Prior to joining Allot, Antebi served as CEO of Gilat Satellite Networks.
FinancialForce.com, California - $80M, January 2017
FinancialForce appointed Tod Nielsen as CEO and President. Nielsen, the former Executive Vice President of Platform at Salesforce, is a seasoned leader with a proven record of taking technology companies to the next level by accelerating their innovation and revenue growth.
Celestron, California - $80M, January 2017
Celestron announced that it has named Corey Lee CEO. Having been involved with the amateur astronomy industry for more than 20 years, Lee began his career with Celestron in 1995 and most recently served as Celestron's Executive Vice President of Marketing, Sales and Product Development.
WidePoint, Virginia - $78.9M, January 2017
WidePoint Corporation appointed Jeffrey O. Nyweide as CEO and president. Prior to joining WidePoint, Nyweide served as the EVP and CFO of GlobalOptions Group.
LiveOps, Arizona - $65.9M, January 2017
LiveOps announced that Keith Leimbach has been appointed to the role of CEO. Before coming to the company, Keith served as the CEO of ESG. Prior to that, he was the COO at ServiceSource and held multiple executive leadership roles at BEA Software and Accenture.
Chanjet Information Technology Company, China - $58.7M, January 2017
Yang Yuchun is the new CEO of the company. Former VP/General Manager of Yonyou Network Technology.
Computex, Texas - $45.9M, January 2017
Computex Technology Solutions has appointed Frank Vitagliano as the firm's new President and CEO. Vitagliano joins Computex after serving as Dell's Vice President of Global Distribution Sales and Strategy.
Anaplan, California - $41.6M, January 2017
Anaplan has appointed Frank Calderoni, as its new President and CEO. Calderoni comes to Anaplan from Red Hat, where he was Executive Vice President of Operations and CFO.
VSA Partners, Illinois - $38.4M, January 2017
VSA Partners announced that William Rosen will lead the company as CEO, and Curt Schreiber will take on the new role of Chief Design Officer and President. Rosen previously had served as Partner, Marketing Lead at VSA Partners.
Dynex Power, UK - $32.9M, January 2017
Dr. Paul Taylor will be replaced by Clive Vacher as CEO. Former Vice President and General Manager - Interior Structures at B/E Aerospace.
Retail Solutions, California - $32.9M, January 2017
Retail Solutions (RSi) has appointed Bert Clement as the new CEO and as a member of the Board of Directors. Former CFO, MetricStream.
Aasonn, Illinois - $29.1M, January 2017
Aasonn reported the appointment of Bill Carroll as its CEO. Most recently, he was an executive at Fruition Partners, a systems integrator for the ServiceNow product suite which was sold to CSC.
Towerstream, Rhode Island - $27M, January 2017
Towerstream Corporation appointed Mr. Ernest Ortega as CEO. Ortega most recently held the Chief Revenue Officer position at Colt Technology Services.
Onvia, Washington - $24.2M, January 2017
Russell Mann to serve as the company’s President and CEO. Former Chief Marketing Officer and Senior Vice President of ecommerce for the ecoATM/Gazelle.com division of Outerwall.
Dominion Marine Media, Virginia - $22.8M, January 2017
Dominion Marine Media appointed Sam Fulton as the company's CEO. Prior to joining the company, Fulton served as an SVP of Groupon and as President of Orbitz.com and SVP of U.S. Consumer Travel at Orbitz Worldwide.
The Echo Group, New Hampshire - $22.4M, January 2017
The Echo Group promoted Matthew Caggiano to CEO. Caggiano is an accomplished Healthcare IT sales and operations executive with over 20 years of industry experience. Caggiano came to Echo as COO in December 2015 charged with leading the Sales and Marketing, Professional Services, Support, and Revenue Cycle Management areas.
Investis, UK - $21.8M, January 2017
Investis announced that Don Scales has been named CEO, overseeing the company’s global business, taking over from Helen James who leaves the company in a full time capacity. After two years of exceptionally strong growth, Don joined as CEO of North America in March 2016.
Posera, Ontario - $16.4M, January 2017
Posera announced that its Board of Directors has appointed Mr. Dan Poirier as its CEO. Mr. Poirier has served as COO since July, 2016.
Dubex, Denmark - $16.2M, January 2017
Dubex announced that Gorm Mandsberg, partner and COO at the company, takes over as CEO as Dennis Hindsberg steps down as a part of a mutual agreement with the company Board of Directors.
Corum Group, Australia - $11.6M, January 2017
Corum Group appointed Mr. David Clarke as CEO of the company. David has been the company’s CFO since 2013.
ModSys International, Texas - $10.6M, January 2017
ModSys International appointed Brandon Edenfield to the position of President and CEO. Mr. Edenfield most recently served as executive director in the Application Modernization division of Dell Services from 2012 to 2015.
Cinderella Media Group, Hong Kong - $9.43M, January 2017
Liu Gary Wei, executive Director, has been appointed as CEO of the company. Mr. Chen, aged 28, is currently the vice president of (Kingkey Group Company for identification purpose).
Ellipsiz Communications, Ontario - $8.2M, January 2017
The company announced that Mr. Chong Gin (Sam) Tan will assume the role of CEO of ECL in addition to his continuing role as chairman of ECTW.
Helios and Matheson Analytics, New York - $7.98M, January 2017
Theodore Farnsworth was appointed by the Board as the company's CEO. Mr. Farnsworth, has served as Chairman of the Board of Directors of the company since November 9, 2016 and CEO of Zone since Zone's inception.
Mechanical Technology, New York - $6.71M, January 2017
Mechanical Technology appointed Frederick W. Jones, the company’s current CFO, as president and CEO.
SoftAtHome, France - $4.9M, January 2017![]()
David Viret-Lange
David Viret-LangeSoftAtHome appointed David Viret-Lange as CEO. David Viret-Lange has over 20 years in the Telecom industry. Firstly in Sales and Marketing of B2B services where he defined offerings related to xDSL technology, bringing operators into the 21st century with ‘full IP’ networks. He then managed the Sales and Service entity in the Consumer market, still accompanying operators in their innovation paths, to lead transition to triple play services.
Electronic Commodities Exchange, New York - $4.88M, January 2017
Ritani announced the hiring of Deborah Fine as its CEO. She was previously the CEO of Direct Brands, the largest member- based retailer of media products in the U.S., President of iVillage, an NBC Universal company, CEO of Victoria’s Secret PINK, Founder and President of Avon Mark Cosmetics, Vice President and Publisher of Glamour and Publisher of Brides.
Numecent Holdings, California - $4.77M, January 2017
Numecent promoted Arthur Hitomi to President and CEO. Dr. Hitomi co-founded Numecent in 2008 and since has been its CTO.
MobileSmith, North Carolina - $1.88M, January 2017
The board appointed Bob Dieterle, the company's president, to serve as CEO of the company. Bob Dieterle has been company president since August 1, 2016, COO since May 2014 and senior vice president and general manager since January 2011.
Pounce Technologies, Ontario - $1.71M, January 2017
The company appointed Erika Racicot as President and COO. She is a co-founder of the company and has served as its COO.
Quantum Materials, Texas - $0.246M, January 2017
Quantum Materials announced that company's founder and Quantum Materials Asia CEO Stephen Squires has returned to helm Quantum Materials as Chairman and CEO, replacing outgoing CEO and Director Sri Peruvemba.
Wangle Technologies, Australia, January 2017
Wangle Technologies appointed Mr. Sean Smith as Managing Director and CEO of the company with immediate effect. Most recently he was Head of Customer Experience for Woolworth's Endeavour Drinks Group.
Elite Data Services, Texas, January 2017
Elite Data Services appointed Brenton Mix as Chairman of the Board, CEO, President and CFO of the company. Mix has been an entrepreneur/CEO for nearly three decades.
MphasiS, India, January 2017
Former Syntel chief Nitin Rakesh named as an Additional Director on the Board and as the CEO of the company.
Michael Baker International, Pennsylvania, January 2017
Michael Baker International named Brian A. Lutes as President and CEO. Lutes has served as both COO and CFO at Michael Baker where he has made significant contributions to the growth of the company.
JDA Software Group, Arizona, January 2017![]()
Girish Rishi
Girish RishiJDA Software Group announced that chairman and CEO Bal Dail is stepping down and that the company’s Board of Directors has appointed former Tyco executive Girish Rishi as the company’s new CEO.
NWN Corporation, Massachusetts, January 2017
NWN Corporation announced the promotion of Skip Tappen to CEO. In his prior roles as COO and more recently, President, he has been a key member of NWN's senior leadership team.
CR2, Ireland, January 2017
Fintan Byrne will serve as the new CEO Office for the company. Former General Manager - Europe, MasterCard Payment Gateway Services at MasterCard.
Parkland Center For Clinical Innovation, Texas, January 2017
PCCI appointed Steve Miff, PhD, as President and CEO. Steve brings broad industry experience, data-intensive thought leadership, and a proven track record of growth in his previous roles as General Manager and Senior Vice President of Sg2 and Senior Vice President of Vizient.
ZYTO, Utah, January 2017
Zyto reported that Dr. Vaughn R Cook has stepped down as CEO, replaced by Ryan Shepherd. Shepherd joined Zyto as part of its recent acquisition of the Kailo Energy business.
Apica, Sweden, January 2017
Apica has named Carmen Carey as CEO to support its strategy and rapid global expansion. . She was most recently CEO of Big Data Partnership (acquired by Teradata in 2016) and previously COO of MetaPack, CEO of ControlCircle and COO of MessageLabs.
Adaptiva, Washington, January 2017
Adaptiva has appointed Jim Souders as CEO. Souders previously held the position of chief operations officer at Adaptiva where he drove the company's unprecedented growth.
Maginfo JSC, Russia, January 2017
TTK has appointed Vyacheslav Kasymov the CEO of its Urals macro-regional branch. Kasymov has also been appointed the CEO of Maginfo.
EnOcean, Germany, January 2017
EnOcean has reported that Andreas Schneider, the co-founder and Chief Marketing Officer of EnOcean, assumed the duties of CEO.
PrecisionHawk, North Carolina, January 2017
PrecisionHawk announced that Michael Chasen has been appointed as the company's new CEO. As a serial entrepreneur and veteran technology leader, Chasen brings more than 20 years of software experience to accelerate PrecisionHawk's rapid growth in the commercial drone market.
Octiv, Indiana, January 2017
Octiv announced that it has named David Kerr as its new CEO. Kerr, who served as the company's COO for more than two years, assumes the role from co-founder Dustin Sapp, who has led the company's growth since its founding seven years ago.
Nuuka Solutions, Finland, January 2017
Nuuka Solutions announced that VP, Business Development Mikko Valtonen becomes the company's CEO.
Nexsan, California, January 2017
Nexsan announced that the transaction between Imation and NXSN Acquisition pursuant to which all of the issued and outstanding common stock of Nexsan was sold to NXSN, has closed. Imation's leaders Bob Fernander, its Interim CEO, and Geoff Barrall, its Chief Technology Officer, will continue to run the Nexsan business as CEO and Chief Technology Officer of Nexsan, respectively.
agilon health, California, January 2017
agilon health appointed Ronald J. Kuerbitz as CEO. He joins the company having held a range of senior leadership positions during his 20-year career at Fresenius, including Chief Administration Officer, Executive Vice President of Government Affairs, Chief Legal Officer, and Senior Vice President and General Counsel.
Optio Labs, Tennessee, January 2017
OptioLabs announced the promotion of Dr. Bill Anderson to CEO. Bill Anderson is a security products innovator with extensive experience in developing and marketing security hardware, software and intellectual property. Prior to joining the company, Anderson founded Oculis Labs in 2007 and led it through acquisition.
Donuts, Washington, January 2017
Donuts appointed Bruce Jaffe as CEO. Jaffe, who has been a consultant and served on the Donuts Board, assumed the role of CEO effective January 1, 2017.
Telecorp, Ontario, January 2017
Jason Cataldo will be new President, CEO, and Director. Cataldo has over 20+ years of senior management experience. He has previously held management positions at AMC Group, JAC Group and CPG Financial.
Lexumo, Massachusetts, January 2017
Lexumo appointed Daniel McCall as Lexumo's CEO. Mr. McCall is a high-technology veteran with over 30 years of experience and co-founder of multiple successful companies including Guardent (acquired by Verisign in 2004) and Virtual Computer (acquired by Citrix in 2012) where he served as President and CEO.
Continuum Analytics, Texas, January 2017
Continuum Analytics announced Scott Collison as the company’s new CEO. Collison, a successful entrepreneur and former executive at VMware and Salesforce.com, also joins the Board of Directors to drive the strategy and operations of the company.
Cloud Security, California, January 2017
CFO Derek Yu was appointed to serve as the Company's CEO, President, Secretary and Chairman of the Board.
Viptela, California, January 2017
Viptela appointed Former VCE CEO and Cisco GM Praveen Akkiraju as its new CEO. Amir Khan, co-founder and current CEO will continue playing an active role as President and board member.
Expert System USA, Connecticut, January 2017
Louis Andre joins Expert System USA as CEO following a distinguished career in security and intelligence in both the public and private sector. Louis Andre was the first U.S. Defense Intelligence Agency (DIA) senior to simultaneously serve as the COO and Chief of Staff for the Agency. Then, as Senior Vice President for Intelligence Business Strategy at CACI International, he drove the company's growth.
Kespry, California, January 2017
Kespry announced that industry leader, George Mathew has been appointed as the company’s new CEO and chairman. He was most recently president and COO of Alteryx.
iGrafx, Oregon, January 2017
iGrafx announced the departure of Ken Carraher as CEO & President, replaced by Ryan Tognazzini, who has been a principal at SBI for the past seven years, a company advisory firm specializing in accelerating the growth rate for customers and outperforming competitors.
QUMULO, Washington, January 2017
Qumulo appointed Bill Richter as CEO. Prior to joining Qumulo, Richter served as a partner at Madrona Venture Group.
Reflect Systems, Texas, January 2017
Reflect appointed Lee Summers as CEO to lead the company's efforts to meet the growing demand for digital customer experiences in brick-and-mortar stores and physical venues. In addition to his previous position as manager of marketing, technology and strategic business development at Nebraska Furniture Mart, Mr. Summers's experience has included management positions at The Integer Group, New Asset Advisors, Tracylocke and DDB.
Network International , UAE, January 2017
Network International has appointed Simon Haslam as CEO. Haslam, who was previously the president and CEO of Elavon, succeeds Bhairav Trivedi.
Gulf Bridge International , Qatar, January 2017
The board of directors of Gulf Bridge International named Amr Eid as CEO. Since his appointment as an acting CEO of GBI in March 2016, Amr Eid has successfully spearheaded the company's transformation into a global shared and managed services provider.
Axiometrics, Texas, January 2017
Axiometrics Founder Ron Johnsey has transitioned to the role of chairman of the board and CEO.
TrialScope, New Jersey, January 2017
TrialScope announced that the Board of Directors have appointed Mark Heinold as CEO. Most recently, he served as CEO for Physician's Desk Reference.
EverString Technology, California, January 2017
EverString promoted Co-founder and President J.J. Kardwell to CEO.
Flipkart, India, January 2017
Former Tiger Global executive Kalyan Krishnamurthy has been named as the CEO of Flipkart in a top-level management restructuring at the online retailer, with Binny Bansal moving up to a newly created position of group CEO. Krishnamurthy had joined Flipkart in June 2016 as head of commerce unit from Tiger Global.
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