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Thursday, 06 April 2017 15:53

87 Open Tech CEO Roles and 102 Tech CEO - April 2017 Leadership Update

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Welcome to our CEO Turnover Newsletter. This newsletter covers open CEO roles and latest appointments in the tech sector in the month of March 2017.

The average length of time the CEO searches have been open is 4.06 months, up from 3.8 months earlier this year. There is little variance across geographies. 

  • Total Tech CEO Roles Open: 87
  • New Tech CEO Appointments: 102 (5 women – 4.9%, 97 men)

New Technology CEO Stats 

New Tech CEO Openings: 15 – Thuraya Telecommunications (UAE), Manitoba Telecom Services (Canada), NCC Group (UK), Makedonski Telekom (Macedonia), Marchex (WA), Edgewater Technology (MA), LPKF Laser & Electronics (Germany), Lauritz.com (Denmark), COPsync (TX), Mach7 Technologies (Australia), RapidCloud (Malaysia), iSIGN Media Solutions (Canada), NanoSensors (MI), Search Party Group(Australia), and Netlinkz (Australia).

CEOs Appointed

Sources of Appointments: 51 were External appointments, and 51 were internal promotions.

Others: Founders, Former Execs, CMOs, Sales Leaders, CTOs, Chief Strategy Officers, and Leaders from acquired companies, etc.

Diversity: 4.9% of the appointments are women CEOs.

Geographic Distribution: 52 in North America, 26 in Asia/Russia/Australasia, 17 in Europe, 6 in Middle East and Africa, 1 in Latin America.

The average length of time the CEO searches have been open is 4.06 months, up from 3.8 months earlier this year. There is little variance across geographies. The longest open searches are:

# 1 - Wi-LAN, Canada - $98.3M, June 2015  
# 2 - Epcylon Technologies, Canada - September 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.">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

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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


Micron Technology, Idaho - $13B, February 2017
Micron Technology announced the upcoming retirement of its CEO, Mark Durcan. The Board has initiated a search, with the assistance of an executive search firm. 
 
Autodesk, California - $2.2B, February 2017
Carl Bass has decided to step down as president and CEO. The company's board has instituted a CEO search to consider candidates inside and outside the company and has formed an Interim Office of the CEO to oversee the company's day-to-day operations.
 
Nuance Communications, Massachusetts - $1.9B, November 2016
Nuance Communications 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.
 
Thuraya Telecommunications, United Arab Emirates - $1.8B, March 2017
Thuraya Telecommunications Company has announced that Ahmed Al Shamsi, CTO, has been appointed as interim Acting CEO of the company, assuming the role immediately.
 
FLIR Systems, Oregon - $1.6B, February 2017
FLIR Systems announced that Andrew C. Teich, its President, CEO and a member of its Board of Directors, plans to retire as soon as his successor is appointed.
 
GrameenPhone, Bangladesh - $1.4B, October 2016
The Grameenphone Board has appointed Mr. Petter-B. Furberg (49) as the company's interim CEO. Furberg is the SVP Telenor Digital Businesses, based in Bangkok. Furberg will replace Rajeev Sethi who will pursue new opportunities.
 
Syntel, Michigan - $983.2M, November 2016
Syntel appointed Rakesh Khanna, formerly COO, as interim CEO and President. 
 
NII Holdings, Virginia - $981.4M, December 2016
Steven M. Shindler, CEO, was updated to provide for a target termination date of April 1, 2017.
 
Manitoba Telecom Services, Canada - $765.5M, March 2017
Manitoba Telecom Services announced that President and CEO Jay Forbes will be leaving the company following the expected successful closing of its pending transaction with BCE  (BCE) on March 17, 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.
 
GlassBridge Enterprises, Minnesota - $514.9M, February 2017
Robert B. Fernander resigned as Interim CEO. CFO Danny Zheng will serve as Interim CEO until the company Board appoints a new CEO. The company board is working with a nationally recognized executive search firm, focused exclusively on the placement of talent in the asset management industry, to identify strong CEO candidates.
 
JUST EAT Plc, UK - $414M, February 2017
Just Eat plc announced that, due to urgent family matters, David Buttress has informed it of his intention to step down from his role as CEO. The board is commencing an immediate search to find a replacement for David.
 
 
NCC Group, United Kingdom - $301.4M, March 2017
NCC Group plc announced that the Rob Cotton has stepped down as CEO of the Group and as an Executive Director of the board with immediate effect. Brian Tenner, CFO, will take over as Interim CEO and will lead the strategic review.
 
Sepura, UK - $215.6M, October 2016
Sepura PLC has appointed David Barrass as Interim CEO. David's appointment reflects the extended period of absence being taken by Gordon Watling, the CEO, on medical advice.
 
 
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.
 
Aixtron, Germany - $190.1M, January 2017
Current CEO Martin Goetzeler is leaving. 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, until a successor is found.
 
SMTC, Canada - $189M, February 2017
SMTC Corporation appointed Ed Smith as its interim President and CEO. He most recently served as SVP of Global Embedded Solutions of Avnet.
 
Makedonski Telekom, Macedonia - $186.3M, March 2017
Makedonski Telekom announced that its CEO, Andreas Maierhofer, is leaving the company and a new CEO is to be elected on May 1. He was appointed CEO of Makedonski Telekom in 2014.
 
Tremor Video, New York - $166.8M, February 2017
William Day has resigned as the Company’s President and CEO. The Company announced that Paul Caine has been appointed as Interim CEO.
 
GO plc, Malta - $165.7M, February 2017
GO plc will shortly appoint a new CEO to replace Mr. Yiannos Michaelides, who will be vacating the position to pursue other opportunities on 30 March 2017.
 
Redknee Solutions, Canada - $158.2M, February 2017
Redknee Solutions announced a leadership reorganization in which Danielle Royston has been appointed interim CEO. Ms. Royston replaces Lucas Skoczkowski.
 
Marchex, Washington - $142.1M, October 2016
Pete Christothoulou has resigned as CEO. The Board of Directors has created an Interim Office of the CEO. The Board of Directors will begin a search for the company’s next CEO.
 
Nera Telecommunications, Singapore - $137.6M, October 2016
Ang Seong Kang Samuel, CEO, has tendered his resignation. The Board has appointed Mr. Beck Tong Hong to serve as acting CEO in the interim.
 
Marchex, Washington - $129.5M, March 2017
Gary Nafus resigned as Chief Revenue Officer of Marchex, and as a member of the Interim Office of the CEO.
 
Edgewater Technology, Massachusetts - $119.9M, March 2017
Edgewater Technology voted to remove without cause Shirley Singleton as the company’s President and CEO. The Board appointed Jeffrey L. Rutherford, as Interim President and Interim CEO. The Board also elected Mr. Rutherford as Chairman of the Board.
 
Yuuzoo, Singapore - $106.1M, November 2016
Yuuzoo announced the cessation of James Matthew Somasundram as CEO. Due to personal reasons or health reasons.
 
LPKF Laser & Electronics, Germany - $102.1M, March 2017
Dr. Ingo Bretthauer, CEO of LPKF Laser & Electronics AG, has announced the supervisory board that he will not be seeking another term in the management board after the expiry of his contract at the end of this year. The supervisory board will now focus on finding a successor in good agreement with Dr. Bretthauer, before he leaves.
 
 
IRIS Corporation, Malaysia - $100.9M, January 2017
The Board appointed Mr. Choong Choo Hock, the current COO of the Trusted Identification Division as the acting CEO.
 
Wi-LAN, Canada - $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 has begun the search for a new permanent CEO with the assistance of a leading search firm.
 
Numerex, Georgia - $71.9M, January 2017
Numerex terminated the employment of Marc Zionts as CEO. Kenneth Gayron, the CFO, will be interim CEO while the Company conducts a search for a permanent CEO. 
 
Support.com, California - $65.1M, October 2016
Elizabeth M. Cholawsky resigned from her position as president and CEO of Support.com. The company elected Richard Bloom, 49. board member since June 2016, as the interim president and CEO.
 
 
Integrated Research, Australia - $64M, February 2017
Integrated Research announced the resignation for personal reasons of Mr. Darc Rasmussen as CEO and Managing Director. The Board appointed Mr. Andrew Dutton as interim CEO whilst the company conducts a search for a permanent placement.
 
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.
 
Giken Sakata, Singapore - $55.5M, November 2016
Giken Sakata announced cessation of Tan Kay Guan as Executive Director and CEO, 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.
 
 
SITO Mobile, New Jersey - $43.6M, February 2017
Jerry Hug resigned as CEO and a director of SITO Mobile. Also effective February 17, 2017, Richard O'Connell, Jr. was appointed to serve as Interim 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.
 
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. Ian Jenks will assume operational control of the company as executive chairman.
 
Touchcorp, Australia - $34.3M, November 2016
Touchcorp 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
1Spatial plc announced that Marcus Hanke has ceased to carry out the functions of the CEO. Claire Milverton, CFO, will carry out this function 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.
 
Lauritz.com, Denmark - $31.2M, March 2017
Lauritz.com Group A/S announced that its CEO Mette Rode Sundstrøm has intends to resign her position. The search for a new CEO will commence immediately.
 
zamano, Ireland, $26.400M , May 2016
zamano plc announced that Ross Conlon has tendered his resignation as CEO and director. The board commenced a process for the appointment of a new CEO.
 
Praemium, Australia - $22.8M, February 2017
Praemium announced that the Board has terminated the employment of Mr. Michael Ohanessian as CEO and Managing Director. Mr. Greg Camm will act as Executive Chairman until a new CEO is appointed.
 
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.
 
Nuix, Australia - $17.4M, January 2017
Eddie Sheehy has resigned as CEO and director. Until the board appoints a CEO, Nuix co-founder and Chairman Dr. Tony Castagna will assume some of the responsibilities.
 
Brekford, Maryland - $16M, November 2016
Brekford entered into a separation agreement with C.B. Brechin, the company's CEO and CFO.
 
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.
 
Pennant International Group, UK - $14.3M, February 2017
Pennant International Group plc announced that Chris Snook has stepped down as CEO. Phil Walker, currently the CFO, has been appointed interim CEO.
 
MER Telemanagement Solutions, Israel - $14.3M, February 2017
Mer Telemanagement Solutions announced that Orey Gilliam, the company's CEO, has decided to leave the company. Mr. Alon Mualem, the company's CFO, will serve as CEO on an interim basis.
 
Giga-tronics, California - $13.7M, August 2016
Giga-tronics 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.
 
 
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. In the interim period, Paul Walker, Non-Executive Chairman, has assumed the role of Executive Chairman.
 
HealthWarehouse.com, Kentucky - $9.31M, January 2017
HealthWarehouse.com appointed John Pauly as the COO and interim President and CEO. Jeffrey Holtmeier, CEO, 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.
 
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.
 
International Datacasting Corporation, Canada - $7.2M, February 2016    
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.
 
 
Microphase, Connecticut - $6.59M, February 2017
Michael Ghadaksaz resigned as CEO, CTO, Chairman of the Board. Necdet Ergul, the Company’s former CEO and Chairman, and who is currently the Company’s President and Chief Technical Advisor, will act as Interim CEO.
 
COPsync, Texas - $6.5M, March 2017
COPsync dismissed Ronald A. Woessner as CEO and terminated his employment. Woessner did not have an employment agreement and remains a director of the Board. At the same meeting, the Board appointed Philip J. Anderson as Interim CEO. Anderson remains as CFO.
 
Urbanise.com, Australia - $6.27M, January 2017
Benjamin Churchill Current CEO, Ben Churchill, will step down from his role as CEO. Current chairman Tony Scotton will assume the role of Interim CEO.
 
Mach7 Technologies, Australia - $4.6M, March 2017
Mach7 Technologies announced the resignation of its Managing Director and Global CEO, Albert Liong.
 
Great Elm Capital Group, California - $4.5M, July 2016
Richard S. Chernicoff was appointed, on an interim basis, as CEO. Chernicoff will remain a member of the company's board.
 
RapidCloud, Malaysia - $4.2M, March 2017
RapidCloud International Plc announced that Chee Han Wen (Raymond) will also relinquish his duty as CEO. The Board has appointed Chew Man Fai, Executive Director, as interim CEO.
 
Sunvault Energy, Canada - $3.87M, October 2016
Gary Monaghan has resigned as a member of board and 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.
 
8common, Australia - $2.74M, December 2016
CEO Nick Gonios has resigned and provided six months notice.
 
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.
 
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. John Salerno named as its interim President and CEO.
 
Magor Corporation, Canada - $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.
 
Spindle, Arizona - $0.6M, June 2016
Michael Schwartz resigned from his position as Interim CEO, for personal reasons. The Board appointed board member Dr. Jack Scott as Interim CEO.
 
 
Intrinsic4D, Michigan - $1.05M, February 2017
Jorey Chernett has resigned as director and the CEO of the corporation. The board of directors has appointed Kyle Appleby, current CFO of the corporation, as interim CEO.
 
Forbidden Technologies, UK - $0.941M, February 2017
Forbidden Technologies announced that Aziz Musa, the Company's CEO, has resigned. David Main, the Company's Chairman will, on a short term basis, be taking on the CEO's responsibilities whilst the search for a new full time CEO.
 
Epcylon Technologies, Canada - September 2015
Epcylon Technologies accepted the resignation of Jack J. Bensimon as the CEO and director. 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.
 
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, 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, 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.
 
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. Mr. Braiker was CEO of DubLi from May 2015 to January 2016.
 
INTREorg Systems, Texas, October 2016
INTREorg Systems appointed Mr. Thomas Lindholm to serve as a member of the company's board. 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.
 
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.
 
Zyber Holdings, Australia, December 2016
Zyber Holdings 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.
 
iSIGN Media Solutions, Canada, March 2017
iSIGN Media Solutions  announced a restructuring of its senior management. Joe Kozar, a major shareholder in iSIGN, will be taking on the role of Interim CEO. Alex Romanov, the company's former CEO will be undertaking the role of VP, Sales and Operations and will retain his Board position.
 
NanoSensors, Michigan, March 2017
NanoSensors announced that it has reinstated its corporate charter with the State of Nevada. The company, currently subject to a court-appointed custodianship, also named Terrance Flowers as its interim CEO and director.
 
Search Party Group, Australia, March 2017
The Board of Search Party Group announced the resignation of Managing Director and CEO Mr. Ben Hutt. The company also announced that major shareholder and marketplace specialist Joshua Rogers, who has been consulting to the company on the product development and strategic review process, will assume the role of Interim CEO.
 
Netlinkz, Australia, March 2017
Netlinkz announced that Suthan Naganayagam has resigned as Managing Director and CEO of the company, effective 24 March 2017.
 
Others:
 
American Software, Georgia - $108.9M, March 2017
American Software,  announced that J. Michael Edenfield, the President and CEO of the company, has taken a medical leave of absence from the company and that H. Allan Dow, the President of the company’s Logility unit, has been elected to the office of President of the company.
 
Aware, Massachusetts - $21.6M, March 2017
The Board of Directors of the company appointed Kevin T. Russell, the company co-CEO and co-President, General Counsel and a member of the Board of Directors of the company to serve as CEO, President and General Counsel.
 
ZYTO, Utah, March 2017
ZYTO Corporation announced that it is retaining both its health and wellness business and the recently acquired Kailo solar energy business. Dr. Vaughn Cook will resume his duties as CEO of ZYTO Corp.
 
Tech Companies: CEOs Appointed
CEOs Appointed in the month March 2017
 
Comcast Cable, Pennsylvania - $80.4B, March 2017
Comcast announced that after seven years as CEO of its Cable division, Neil Smit is changing roles beginning April 1. Smit will become the vice chairman of Comcast Corp. with plans to focus on developing future technology oriented business opportunities by working part-time with other company leaders. The current COO of Comcast Cable, Dave Watson, will take over as CEO. Smit will spend several months working with Watson to ensure a smooth transition.
 
KT Corporation, South Korea - $18.8B, March 2017
KT announced that, BC Card's VP Chae Jong-jin was named the new CEO of the company. Chae has also served as CEO of KT Telecop, and head of corporate communications business at KT.
 
Sistema, Russia - $11.3B, March 2017Mikhail Shmolin
AFK Sistema appointed Mikhail Shmolin as president and CEO, for 3 years from March 16, 2017. Shamolin was appointed President of Sistema in March 2011 and previously served as President and CEO of MTS Group from May 2008 until March 2011.
 
MediaTek, Taiwan - $8.5B, March 2017
MediaTek appointed Dr. Lih Shyng Tsai (Rick) as the Co-CEO of the company effective July 1, 2017. Prior to the company, Dr. Tsai served as Chairman and CEO of Chunghwa Telecom, from 2014 to 2016.
 
Yahoo!, California - $5.1B, March 2017
Yahoo announced that Thomas McInerney will be CEO of the leftover company, to be called Altaba.  McInerney has been on Yahoo's board since April 2012 and has worked at IAC/InterActiveCorp and Ticketmaster.
 
Zain, Kuwait - $3.5B, March 2017
The newly elected board of directors of Zain Group has appointed Vice-Chair Bader Nasser Al-Kharafi as vice-chairman and CEO of the company, and appointed Scott Gegenheimer in a new role as CEO of operations.
 
Naver, South Korea - $3.3B, March 2017Han seong-sook
Naver has appointed VP Han Seong-sook as its CEO.
 
Telekom Malaysia, Malaysia - $2.6B, March 2017
Telekom Malaysia Bhd has appointed Datuk Seri Mohammed Shazalli Ramly as its new Managing Director and Group CEO. Shazalli is currently the regional CEO and Corporate EVP for Axiata Group Bhd.
 
William Hill, United Kingdom - $1.9B, March 2017
William Hill PLC has appointed Philip Bowcock as CEO with immediate effect. Philip was appointed Interim CEO in July 2016 having previously been CFO of the company.
 
CoreLogic, California - $1.9B, March 2017
CoreLogic announced that Frank Martell has been named President & CEO and Director. Martell joined the company as CFO in 2011 and became COO in 2014.
 
Digital China Holdings, Hong Kong - $1.5B, March 2017
Denis Shing Fai YIP will be appointed as a CEO of the company, together with Mr. LIN Yang, who will continue to serve as CEO and an executive Director of the Company. Yip has been the Global SVP and the President of Greater China of EMC Corporation since July 2006.
 
Lands' End, Wisconsin - $1.3B, March 2017
Lands' End announced that Jerome Griffith started in his role as the CEO of the company. Mr. Griffith brings a wide range of consumer brand experience to the company, most recently serving as President and CEO at Tumi Holdings.
 
Cincinnati Bell, Ohio - $1.1B, March 2017
Cincinnati Bell announced that President and COO Leigh R. Fox has been named president and CEO.
 
Telecom Egypt, Egypt - $779.2M, March 2017
Telecom Egypt’s board announced that Board Member Ahmed El Beheiry will be the new CEO.
 
Torstar, Canada - $510.0M, March 2017
Torstar Corporation announced that John Boynton has been named as President and CEO of Torstar and as Publisher of the Toronto Star. Since 2014 Mr. Boynton has served as Chief Marketing Officer of the Americas Coalitions business of Aimia.
 
MTNL, India - $498.5M, March 2017
MTNL has appointed P K Purwar as its new Chairman and Managing Director (CMD) for a period of 5 years. Purwar first joined MTNL in May 2014 and currently works with the company as Director of finance operations.
 
Huawei Technologies (Australia), Australia - $467.7M, March 2017
Huawei Australia has appointed Meng Xiaojie as its CEO. Prior to this appointment, Xiaojie worked for Huawei as CEO in Pakistan.
 
YES24, South Korea - $349.7M, March 2017
YES 24 has appointed Kim Seok Hwan as co-CEO of the company. Currently, Hwan serves at Yes24 as an executive director.
 
Cegid, France - $332.0M, March 2017
Cegid announced that Pascal Houillon, former CEO of Sage Americas and of Sage France, has been appointed as the new CEO.
 
U.S. Auto Parts Network, California - $303.6M, March 2017
U.S. Auto Parts Network appointed Aaron Coleman as CEO and Director. Coleman, 42, has served as President of U.S. Auto Parts since October 2016 and COO since September 2010.
 
The Rubicon Project, California - $278.2M, March 2017
Rubicon Project announced that Michael Barrett will be joining the company as CEO. Barrett was previously the CEO of Millennial Media. Previously, Michael was Chief Revenue Officer at Yahoo!.
 
Sanoma Magazines, Belgium - $258.4M, March 2017
Sanoma Media Belgium has appointed Yves Berlize as the new CEO of the media company. Berlize has considerable experience in media and currently fulfils the role of Domain Director Women in Sanoma Media Belgium.
 
EXFO, Canada - $245.6M, March 2017
EXFO has appointed Philippe Morin as EXFO's new CEO. Mr. Morin has more than 25 years of experience in the telecommunications industry and became EXFO's COO in November 2015.
 
Addnode, Sweden - $241.8M, March 2017
Addnode Group's current CFO Johan Andersson will take over as President and CEO of Addnode Group.
 
Globenet, Brazil - $229.4M, March 2017
GlobeNet announced two new leadership appointments: that of Erick W. Contag as Executive Chairman, and Eduardo Falzoni as CEO. Falzoni joined Globenet as its Chief Commercial Officer in April 2016, having served in several C-level roles prior to joining the GlobeNet team.
 
exceet Group, Luxembourg - $142.9M, March 2017
The Board of Directors of exceet Group SE appointed Wolf-Gunter Freese's position as interim acting CEO into a regular function as group CEO.
 
magicJack VocalTec, Israel - $97.4M, March 2017
magicJack VocalTec  appointed Don Carlos Bell III as CEO of magicJack. Bell is also a Board nominee of magicJack since December 2016, and has spent the interim forming his strategy and recruiting his executive team. Bell is a Telecom and Technology Entrepreneur and Investor.
 
KT linkus, South Korea - $97.2M, March 2017
KT announced appointments of the chiefs of group subsidiaries. The company appointed Kim Jin-hoon as CEO for KT Linkus.
 
Sunworks, California - $86.4M, March 2017
Sunworks appointed Charles (Chuck) F. Cargile as CEO. Cargile has served as an independent director of Sunworks since September 2016. Cargile served as CFO of Newport Corporation.
 
Accela, California - $80.0M, March 2017
Accela appointed Ed Daihl as CEO. Most recently, Daihl served as SVP for Epicor, where he managed a P&L of ERP and retail software solutions spanning 5,000+ clients in 11 international markets.
 
Prescient, South Africa - $68.6M, March 2017
The board of directors of the PBT Group announced that the appointment of Mr. Pierre de Wet as CEO. Wet co-founded PBT in 1998.
 
Solteq, Finland - $66.7M, March 2017
Solteq Oyj announced that Olli Väätäinen current Member of the Board of Directors, will start as CEO of Solteq Plc on April 1, 2017.
 
ad pepper media, Germany - $64.6M, March 2017
Dr. Jens Körner appointed as CEO of ad pepper media International N.V. and sole member of the group's Management Board. As CFO, Jens Körner has for the past ten years managed the finances of the ad pepper media group.
 
Lightspeed, New Jersey - $57.5M, March 2017
Kantar announced new leadership for Lightspeed. Caroline Frankum, previously CEO, Europe Middle East and Africa, is promoted to global CEO while Nick Nyhan becomes Chairman of Lightspeed.
 
Mindteck, India - $49.2M, March 2017
Mindteck (India) announced that Mr. Sanjeev Kathpalia was appointed as an Additional Director, Managing Director and CEO. Most recently, Mr. Kathpalia served as a Senior Advisor for the Republic of Turkey – Prime Ministry, Investment Support and Promotion Agency of Turkey. 
 
Cloudmark, California - $41.1M, March 2017
Cloudmark appointed Jason Donahue as its CEO. Donahue brings nearly two decades of experience with a track record of success leading both public and private companies including Acronis, Vertex Business Services, Atlantis Computing, Meiosys, Ejasent, ClearApp, TeleComputing, and Apptix.
 
Evariant, Connecticut - $39.3M, March 2017
Evariant announced that it has appointed Clay Ritchey as CEO. Most recently, Ritchey served as GM and Chief Marketing Officer of Imprivata.
 
Trabon Solutions, Missouri - $24.5M, March 2017
Trabon Group announced that Shawn Nicholas is the new CEO at Trabon Group. Nicholas, who has been the firm's CFO since 2013, succeeds Tim Trabon, the company's owner and CEO for more than 50 years.
 
OmniComm Systems, Florida - $24.4M, March 2017
OmniComm Systems approved a reorganization of the company’s executive management team. CEO Cornelis F. Wit is transitioning to executive chairman. Stephen E. Johnson, the company’s current president and COO, has been named by the company’s board of directors to succeed Mr. Wit as CEO.
 
DDB Mudra, India - $23.1M, March 2017
Madhukar Kamath is stepping down as group CEO and MD, DDB Mudra Group. His successors are Vineet Gupta, (currently chief digital officer, DDB Mudra Group) who will be group CEO and Aditya Kanthy (currently chief strategy officer, DDB Mudra Group) who will be group managing director.
 
R&D-Altanova, New Jersey - $22.0M, March 2017
R&D Altanova announced that its Board of Directors has unanimously appointed Seyed Paransun as CEO. Seyed joined R&D in 2016 and in a short period of time has proven to be a visionary leader with superb execution abilities. Prior to Joining R&D Altanova, Seyed served as VP of worldwide back-end operations and operations excellence at Atmel Corporation.
 
Photon Control, Canada - $21.5M, March 2017
Photon Control appointed Scott Edmonds, president and CEO, and director. Most recently Edmonds led the turnaround of Webtech Wireless into a supplier of software-as-a-service solutions to fleet managers across North America.
 
Majestar, South Korea - $20.3M, March 2017
Majestar has appointed Woo Sung Deok as co-CEO of the company. The appointment is effective from March 14, 2017.
 
Savi Technology, Virginia - $19.7M, March 2017
Savi reported that it has appointed J. Richard (Rich) Carlson as CEO. Carlson is the founder and president of the Neon Dolphin Technology Group where he advised and helped grow IoT (Internet of Things) and software firms.
 
Safe Computing, United Kingdom - $19.6M, March 2017
The Access Group has completed the acquisition of Safe Computing. Sandy Scott, Safe CEO, is leaving the business and Paul Vogel, an executive with more than 30 years in the enterprise software industry, has joined Access as Managing Director of the Safe subsidiary.
 
Rubicon Technology, Illinois - $19.6M, March 2017
Rubicon Technology reported that it has concluded its search for a new CEO and appointed Timothy E. Brog, as CEO. Brog has been a director of Rubicon since May 2016.
 
IEH Corporation, New York - $19.0M, March 2017
Michael Offerman, Chairman of the Board, President and CEO died suddenly. The Board elected David Offerman to replace Michael Offerman as Chairman, President and CEO of the company. David Offerman became a director of the company in 2016 and currently holds the position of VP-Sales and Marketing of the company.
 
Guestline, United Kingdom - $16.9M, March 2017
Guestline appointed Andrew McGregor as new CEO. Andrew brings extensive international software and IT experience, most recently in retail, where as CEO he built eCommera into a global SaaS and IT services leader that counted some of the most famous global brands and retailers as customers.
 
Ecoark, Arkansas - $14.4M, March 2017
Ecoark Holdings announced several key organizational changes and voted to appoint Jay Puchir CEO of Ecoark Holdings. Most recently, he led Ecoark's financial planning and analysis, treasury and secretary functions, and worked with the Corporate Controller with financial reporting.
 
Image Sensing Systems, Minnesota - $14.1M, March 2017
Image Sensing Systems announced that the board has appointed Chad Stelzig as permanent president and CEO. Mr. Stelzig previously served as interim president and CEO, and VP of engineering.
 
Ascentis Corporation, California - $13.7M, March 2017
Ascentis Corporation announced a majority recapitalization by global growth equity investor Summit Partners. Brian Provost, an Executive-in-Residence with Summit Partners and a software industry leader with more than 20 years of executive experience, will join Ascentis as CEO.
 
Prophecy International, Australia - $9.3M, March 2017
Prophecy International Holdings appointed Brad Thomas to the new position of CEO for the company. Brad joined eMite in October 2016 as the General Manager of Sales.
 
CCN-Tech, Thailand - $8.9M, March 2017
CCN-Tech appointed Mr. Sithidej Mayalarp as CEO.
 
Netccentric, Singapore - $8.7M, March 2017
Netccentric appointed Mr. Desmond Kiu as its new CEO. Most recently he was the CEO of Sashimi Asia ­ a subsidiary of Netccentric.
 
RichRelevance, California - $8.7M, March 2017
RichRelevance appointed Carl Theobald as President and CEO. Theobald most recently served as CEO of FollowAnalytics.
 
Megaport, Australia - $4.6M, March 2017
Megaport announced that it has signed a new employment agreement with Mr. Vincent English, who will be appointed as CEO, effective 1 April 2017. He joined the company in June 2015.
 
LightwaveRF, United Kingdom - $1.9M, March 2017
LightwaveRF Plc appointed Andrew Pearson as its new CEO, replacing Mike Lord. Pearson spent six years as CEO of CloudPay, before later becoming a non-executive director of the business.
 
Rision, Australia - $0.1M, March 2017
Rision announced that Mr. Andrew Dale has been appointed as the company's new CEO. Mr. Dale replaces interim CEO Mr. Paul Steele. Andrew's previous roles include Sales Director APAC for CU2 Global Distribution, APAC Sales Director for JASCO, etc.
 
T-Mobile Polska, Poland, March 2017
T-Mobile Poland's CEO Adam Sawicki is leaving the company as of 31 March 2017 and from 1 April 2017 Andreas Maierhofer, currently CEO of Makedonski Telekom, will be appointed CEO of T-Mobile Poland.
 
First Advantage, Georgia, March 2017
First Advantage announced that it has selected Scott Staples as the organization's next CEO. Staples currently serves as president of the Americas and head of vertical markets at Mindtree.
 
Michael Baker International, Pennsylvania, March 2017
Michael Baker International has named Brian A. Lutes as president and CEO. Lutes has served as both Chief Operating Officer and Chief Financial Officer at Michael Baker where he has made significant contributions to the growth of the company.
 
Elavon, Georgia, March 2017
Jamie Walker has been named CEO of Elavon.  Walker is transitioning from his current role as chief administrative officer (CAO) for U.S. Bank's Payment Services division, a role he has held for two years.
 
DTG bv, Netherlands, March 2017
Erik Wiechers has been appointed as new CEO of DTG. In the past seven years, Erik was SVP of Ziggo Business. New CEO will lead DTG in second phase of online transition.
 
Peregrine Semiconductor Corporation, California, March 2017
Peregrine Semiconductor appointed Stefan Wolff as Peregrine's new CEO. He most recently served as VP and general manager of Intel's mobile communications business in Munich, Germany.
 
Softvision Paradigms International Group, Georgia, March 2017
Softvision announced that its Board of Directors has appointed Andres Angelani as CEO. Prior to Softvision, Angelani worked at Globant, which he joined in 2004.
 
Omnitele, Finland, March 2017
Omnitele has appointed Ville Laakso as its new CEO. Laakso became acting CEO at the start of 2017 when Tomi Paatsila announced his departure from the position.
 
NuState Energy, Florida, March 2017
The company's Board of Directors appointed Mr. Scott Wroblreski as its CEO. Mr. Wroblreski has over 25 years of experience working direct or as a consultant for many of leading companies such as Boeing, Lockheed Martin, Northrop Grumman, Orbital Sciences and Safran (formely Snecma). He was deputy Director of Launch Nuclear Safety at Lockheed Martin Astronautics for the NASA New Horizons satellite that recently flew by Pluto onto the Kuiper Belts.
 
AppTech, California, March 2017
AppTech announced several changes in its management and board of directors. Mickey Gross, a significant shareholder of the company and CEO of Crossfire Marketing Group, will replace Steven Cox as CEO.
 
Telecom Vanuatu, Vanuatu, March 2017
The boards of Telecom Vanuatu and ATH appointed Mr. Divik Deo as CEO for Telecom Vanuatu . Most recently, Divik was the CFO at Vodafone Fiji.
 
VoltDB, Massachusetts, March 2017
VoltDB appointed David Flower to the role of President and CEO. He had most recently served as the company's Chief Revenue Officer.
 
Ayasdi, California, March 2017Robert Griffin
Ayasdi appointed Robert Griffin to the position of CEO. Formerly the general manager of IBM's Safer Planet and Smarter Cities division, he succeeds co-founder and former-CEO Gurjeet Singh who will serve as executive chairman of the board of directors.
 
Sonion, Denmark, March 2017
Sonion appointed Jesper Ahlmann Funding Andersen as the President & CEO of the Sonion Group. Since 2014, he has been SVP of Global Sales and Marketing at Widex A/S.
 
Seven Bridges Genomics, Massachusetts, March 2017
Seven Bridges appointed Brandi Davis-Dusenbery, Ph.D., to the position of CEO. Seven Bridges's SVP of Science & Product, Brandi succeeds co-founder Deniz Kural, Ph.D., who is assuming the role of Executive Chairman.
 
Viewics, California, March 2017
Viewics appointed Keith Laughman as the company's new CEO. Laughman has served as President of Mayo Collaborative Services and Mayo Medical Laboratories, President of AmeriPath Reference Services and Specialty Reference Laboratory, as well as President and CEO of Med Fusion Clinical Lab.
 
Accelyst Solutions, India, March 2017
Snapdeal appointed Jason Kothari as the CEO of FreeCharge, Jason has already been the CEO of two successful companies - Softbank-backed online real estate company Housing.com, and character-based entertainment company, Valiant Entertainment. Kothari will, however, continue his role as Chief Strategy and Investment Officer at Snapdeal.
 
InMoment, Utah, March 2017
InMoment reported that its board of directors has appointed Andrew Joiner as the company's new CEO. Prior to joining InMoment, Joiner served as worldwide head of the HP Software's customer experience business.
 
Beckon, California, March 2017
Beckon appointed Bernardo de Albergaria to CEO, leveraging his go-to-market and technology experience to continue Beckon's remarkable growth. Most recently, de Albergaria was VP and GM of the collaboration product group at Atlassian.
 
CreativeDrive, New York, March 2017
Myles Peacock has been named CEO of CreativeDrive. Peacock joins company from Omnicom Group's global implementation and production agency, where he was President, Americas, Global Brand Leader and original Worldwide COO and Co-Founder.
 
Syapse, California, March 2017
Syapse announced that Ken Tarkoff is joining the company as its new CEO. Previously, Ken served as COO for RelayHealth and SVP and general manager at RelayHealth after it was acquired by McKesson.
 
Cedexis, Oregon, March 2017
Cedexis appointed Ryan Windham as its new CEO, as the company heads towards its next phase of growth. Windham originally joined Cedexis in mid-2016 as VP of Product and Strategy, with a mandate to chart a strategic course for the company's future.
 
Brand Networks, Massachusetts, March 2017
Brand Networks announced that it has appointed Chief Revenue Officer Todd Taplin to the position of CEO.
 
iQ media Group, Pennsylvania, March 2017
iQ Media announced its new CEO, Kevin Kohn. Kohn served as the CRO of data management company Lotame.
 
JOOR, New York, March 2017
JOOR announced that longtime retail, e-commerce and marketplace executive Kristin Savilia has joined the company as CEO to lead the company through its next phase of growth. Savilia most recently spent 11 years at XO Group.
 
Edgeverve Systems, India, March 2017
Infosys has appointed Pervinder Johar as the new CEO of Edgeverve, its wholly owned products and platforms subsidiary. Johar was previously CEO of Steelwedge Software.
 
Microsoft Kazakhstan, Kazakhstan, March 2017
Microsoft has appointed Ronald Binkofski as CEO of its Kazakhstan regional branch. Binkofski earlier worked as head of the Microsoft branch in Poland.
 
Siva Power, California, March 2017
Siva Power has hired Bruce Sohn to lead the company as CEO. Sohn previously was the Vice-Chairman of the Board of Directors for Siva Power and he replaces Brad Mattson in the leadership role, while Mattson now serves as Executive Chairman of the Board.
 
Kryon Systems , Israel, March 2017
Kryon Systems appointed Harel Tayeb as the new CEO. He has held several leadership positions including AVG Israel Country Manager. Prior to AVG Harel led Como.
 
TiTANplatform, South Korea, March 2017
TiTANplatform announced that Adrian Sexton as CEO to lead expansion of its operations in the United States. Sexton was most recently COO & Interim President of Endemol Shine Beyond.
 
Secoo Holding, China, March 2017
Eric Chan, former general manager of shopping mall K11, will join the company as CEO of secoo mall.
 
MTN South Africa, South Africa, March 2017
The MTN Group announced that Mteto Nyati will be stepping down as the CEO of MTN SA. MTN announced that Godfrey Motsa will assume the position of CEO of MTN SA. Godfrey is currently VP of the SEA region at MTN Group.
 
Sigstr, Indiana, March 2017
Sigstr announced former Salesforce Marketing Cloud chief product officer Bryan Wade is joining Sigstr as CEO.
 
Monarch Medical Technologies, North Carolina, March 2017
Monarch Medical Technologies announced that Linda Beneze has joined the company as its new CEO. Formerly the CEO at Medical Technology Products, Beneze has extensive experience building and leading global high-performance teams.
 
Blue Sky Network, California, March 2017
Blue Sky Network announced that Kambiz Aghili has been named CEO. Mr.  Aghili is an adjunct professor of entrepreneurship at the UCLA Anderson School of Management.
 
Article One Partners, New York, March 2017
Article One Partners announced that former President Peter Vanderheyden has been promoted to the position of CEO.
 
Aston EyeTech, United Kingdom, March 2017
Aston EyeTech has appointed Carl D Francis as Group CEO. Francis, comes from the consumer electronics industry, most recently as CEO at P2i.
 
Ecrebo, United Kingdom, March 2017
Ecrebo announced that it has appointed David Buckingham as CEO. Buckingham, who joins Ecrebo from Aimia Shopper Insights in New York, brings over 25 years’ experience in the retail and CPG insights and analytics space.
 
Cox Automotive, Australia, March 2017
Cox Automotive Australia has appointed Gary Martin as their CEO. Gary is currently based in the USA leading Xtime.
 
e-Zassi, Florida, March 2017
eZassi announced that Jennifer Creech has joined the company as CEO. Prior to joining eZassi, Creech was the CEO and President of InHouse.
 
Totally Hip Technologies, Canada, March 2017
Totally Hip Technologies appointed Mr. Anthony J. Beruschi, B.Sc, LLB, as President, director and CEO. Mr. Beruschi has been a significant investor in transformative technologies. He is a senior securities and corporate finance lawyer, member of the Law Society of British Columbia and venture capitalist.
 
RealMassive, Texas, March 2017
RealMassive recruited technology executive Patrick Lashinsky as CEO. With critical investments in personnel and infrastructure, they aim to finally solve the industry's legacy issues involving data accuracy and accessibility.
 
Technovative Group, Hong Kong, March 2017
Dato Foo Khee Long was appointed as the CEO, President, Treasurer, Secretary and director of the Board of the Company. Dato Foo Khee Long has been associated with the ICT industry for more than 20 years, and worked for a few renowned companies like Sony and Hewlett-Packard-Packard.
 
Transaction Solutions International, Australia, March 2017
The Board of Transaction Solutions International (TSN) appointed Mr. Jeffrey Lai as CEO. Lai's professional career includes senior management roles at: Accenture PLC as Managing Director of Banking Strategy in Southeast Asia, with a focus on digital strategy and transformation execution for the banking sector.
 
 

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Read 696 times Last modified on Thursday, 06 April 2017 16:32
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.

Website: www.vell.com/

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