Last week, AVG Technologies announced the resignation of their CEO J.R. Smith. Mr. Smith, who has been CEO for 6 years, will become a member of the Supervisory Board as soon as his successor has been selected.
“During my six years as CEO I am proud of what we’ve accomplished: substantially growing the customer base, delivering strong financial performance, successfully leading our IPO and building a world class business and management team,” said JR Smith, CEO, in a press release last week. “Having grown the company to this stage, I feel the time is right to turn over the reins. I am looking forward to continuing to contribute as a member of the Supervisory Board knowing that the company is well positioned for future success.”
AVG has retained executive search firm SPMB to search for the company’s next CEO from both internal and external candidates. The company explained that any day-to-day operations will still be overseen by COO John Giamatteo. As part of last week’s press release, AVG announced a March 7 conference call webcast for investors and community members interested in the resignation. Interested parties may replay the webcast at investors.avg.com or dial in to a recording audio replay available at 1 (800) 406-7325 (United States and Canada) or +1 (303) 590-3030 (International), (conference passcode required: 4607218#) through March 14.
Source: AVG Press Release, 7 March, 2013
