"Move up, or move out" has been a guiding principle of Avigilon's CEO.
Now, he is taking his own advice.
Alexander Fernandes, Avigilon's "Founder, President, Chief Executive Officer and Chairman of the Board" has already shed the President title, and soon will lose the CEO designation as well. Taking over is Avigilon's COO, James Henderson [link no longer available].
In an Executive Succession Plan announcement, Avigilon outlined the plan for Fernandes to step away from day to day control of the company.
We analyze what this means for the future of Avigilon.