Avigilon CEO Prepares To Step Down

By: Brian Karas, Published on Oct 25, 2017

"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.

 

Succession ****

********* *** ******** ** President, **** *** ***** "President *** ***** ********* Officer" ********* ** ** the ************ ** ******* 24th. ** **** *** role ** **** ***** working ********* *********, **** the **** *** ********* to **** **** ** CEO **** **** ** 2018. ********* **** ******** his ******** ** *** Board *****.

Fernandes ********** ******* **********

*** ********** ***** *** approach ** ********* ********* has **** ** ******* debate, **** ****** ******** against ***.

*** ************* ********* *** ** 'Authoritarian', ******* '************ **********'.

********* ******* ** ************ **** *** *** approval:

**** ******* ********* ** the ********** ******** ********** ***** **** ********** ********* *********** with ********'* ***:

***** ********* *** ******** *** have ****** **** **** indicated **** *********' ******** and ******* ***** ********** impacted ***** ***** ** the *******.

Henderson ***** ****** ****

*********'* ************ ** *** CEO ********* ***** ******* 2.5 ***** ***** *** first ********* ********* ** Vice ********* ** ***** American *****, *** **** 6 ****** ***** ****** out ** *****-******** ***** to * *********-**** *** role. **** ** * very ***** ***********, ************ uncommon *** *** **** to *** ** * publicly ****** *******.

  

Opportunity *** *********

*******, ******** ** ** a **** ********, ******* Henderson **** * ********** stable ******* ** **** over. **** **** **** releasing *** ********, **** a **** ***** ********** following, *** ****** ******** reports **** *********** *** *************. **** ** ***** removes *** **** *** Henderson ** **** ****** drastic *******, ** **** the ******* ** * different ********* ***** ****** over ** ***, ****** him ** *********** ** lead * ****** ****** organization.

********* **********

**** ** *********'* ***** role ** ***, ********* **** would ********* ** *********** for *** **********. ********, being ******** ******, ***** the **** **** **** complicated, *** ** *** of **** ***** *********** has **** ******* ***** falling **** *** *** time **** ** ***** 2014. This environment ***** ** ******** for **** ****-******** ***'*, Henderson **** **** ** come ** ** ***** on *** ****** ********** quickly, *** **** ********* what ***** ** ** done ** *** *** company ** * ****** growth *****.

********* ** ***** ** be ****** ******** **** many *********** ****** *** company, ********* **** **** to ****** ** ** wants ** ******** **** same ***** ** ***********, or ** ********** ***** can ** **** **********. 

************, **** ********* *********** his ******** ** ******** of *** *****, ** will ***** **** ******** control ** *** *******, which ***** ********* **** of *********'* ******* ** lead *** ******* ** *** directions. 

 

Positive ******** ********

********* ****** *** ******* that **** ***** **** were ********* ******** ***** the ******** ****** ** leadership ** ********.

Stock **** ** ************

****** ******** ** *** announcement ******** ** * steady **** ** ********'* stock ***** ********** *** first ******* ** *** trading *** ****** ** recovered ********, *** ***** closed **** ~*% **** its ******* ***** ** $19.25:

Buyout/Sale ********

****** ******** ****** ** ******* itself ******* **** ****, **** *** *** come ** ******** *** ** do *** ***** * sale ** *** ******* is ****** ** *** near ******. ** ***** ************, of ***** ********* ** one, ******** ** **** the *******, ** ********** change ** *** *** would **** ****** *****. It ** ***** ******** that ********* *** ***** to **** *** ******* so ** ***** **** on ** ***** *********, and ******* * ******** buyer ******* ** **** down, ****** **** ******** for ** ********** ****.

Avigilon *******

** ***** *** ********** any ***** ****** **** Avigilon ****** *** **** ****** where ********* ** ** the ******* ** ****** out *** ********* ** in *** ******* ** moving **. *** ******** is ****** ** ** a ************ ** ********'* recent ******** ********, **** some ******* ************* *** other ***** ** ********, but ** ***** ************ or ******* ** *** business *****.

**** ***** ********* ***** over ** ***, ******** changes *** ******** *** some ****. **** ******* to ******** ******* ** their ******* ****** *** the *********** ******, ******* focused ** *******, *** maintaining *** **** ************ approach **** ********* *** generally ***** ** *** roles **** *** *******.

Comments (5)

"If major shareholders, of which Fernandes is one, intended to sell the company, an unexpected change of the CEO would make little sense"

Actually, to put in place new leadership makes perfect sense for the major shareholder to do prior to selling.

Soon, a Chinese company made in USA...

 

No rumor on what A.F. plans to do with his free time once things are transitioned?

Relax and Enjoy Life?

Definitely spend more time with Schmode :)

In all seriousness, my bet is that he does a new startup in the next 18 months. It seems that is the part he likes - getting started, hypergrowth, etc. Managing a mature business, not so much.

In all seriousness, my bet is that he does a new startup in the next 18 months.

The eternal entrepreneur...

“Who needs a house out in Hackensack, is that all you get for your money?” 

Good luck moving up, ‘cause he’s movin’ out.

Read this IPVM report for free.

This article is part of IPVM's 6,541 reports, 882 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Genetec Drops Support for Dahua and Hikvision on Jun 01, 2020
Genetec has dropped support for Dahua and Hikvision, citing US blacklisting...
JCI / Tyco Drops Dahua on Sep 03, 2020
Johnson Controls (JCI) / Tyco Security has completely dropped Dahua OEMs from...
IC Realtime Moving Away From China Manufacturing on Jul 23, 2020
IC Realtime is promising "real change". The company historically has sold...
Dahua CEO Is Out on Feb 28, 2020
Dahua CEO Li Ke has resigned less than 3 years after he was brought in from...
Salesforce Drops Dahua and Hikvision on Aug 12, 2020
Salesforce has dropped Dahua and Hikvision as customers, forcing the two mega...
Milestone Hires New CEO From IT Integrator on Aug 18, 2020
For the first time in 20 years, Milestone Systems has a new CEO and, notably,...
Ban Rules Released: Use Dahua or Hikvision, No US Government Contracts on Jul 13, 2020
The US government has released the rules implementing the "Prohibition on...
ISC West 2020 Finally Cancelled on Jun 25, 2020
ISC West has now been cancelled for the third time, now for all of...
Remove Dahua and Hikvision Equipment "Immediately" Or Else Banned From US Government Contracts on Jul 10, 2020
The US government has directed contractors to remove covered equipment, such...
Resideo CEO To Step Down on Dec 03, 2019
Resideo's CEO, Mike Nefkins, is stepping down, just 18 months after being...
"Beyond Reprehensible" Email Leads To Boycott of CPI Security on Jun 10, 2020
One of the largest US security integrators, CPI Security, with $100+ million...
Bosch Moving Commercial Alarms Manufacturing Out of China on Apr 21, 2020
Bosch is moving commercial alarms production ~6,000+ miles out of China and...
Genetec Goes Virtual, Drops Essen and GSX, Skeleton Crew to ISC West 2020 on May 05, 2020
Genetec is dropping Essen and GSX shows this year as well as planning to send...
Milestone CEO Resigns on Mar 11, 2020
Milestone's CEO has resigned, after 17 years on the job but there is no...
Wyze Fails To Deliver Own On-Board Analytics, Launches Novel Name Your Own Price Service on Jul 24, 2020
While Wyze failed to deliver their own onboard analytics to replace the...

Recent Reports

New Products Show Fall 2020 continues tomorrow with Genetec, Milestone, Avigilon, Microsoft and more! on Sep 29, 2020
IPVM's sixth online show continues tomorrow and will feature New Products...
Avigilon / Motorola VS Virtual ISC West on Sep 29, 2020
ISC West has historically been so dominant that no player would think of...
Dartmouth College Deploys K3 Temperature Screening on Sep 29, 2020
While Dartmouth College has a $6+ billion endowment, the College has bought...
Hanwha AI Object Detection Tested on Sep 28, 2020
Hanwha has added detection and classification of people, cars, clothing...
Favorite Access Control Manufacturers 2020 on Sep 28, 2020
200+ Integrators told IPVM "What is your favorite access control management...
OnTech Smart Services Partners With Google and Amazon To Compete With Integrators on Sep 25, 2020
A pain point for many homeowners to use consumer security and surveillance is...
The Future of Metalens For Video Surveillance Cameras - MIT / UMass / Immervision on Sep 25, 2020
Panoramic cameras using 'fisheye' lens have become commonplace in video...
Hikvision Sues Over Brazilian Airport Loss on Sep 24, 2020
Hikvision was excluded from a Brazilian airport project because it is owned...
China General Chamber of Commerce Calls Out US Politics on Sep 24, 2020
While US-China relations are at an all-time low, optimism about relations...
Verkada Disruptive Embedded Live Help on Sep 24, 2020
Call up your integrator? Have someone come by the next day? Verkada is...
IP Networking Course Fall 2020 - Last Chance - Register Now on Sep 23, 2020
Today is the last chance to register for the only IP networking course...
Drain Wire For Access Control Reader Tutorial on Sep 23, 2020
An easy-to-miss cabling specification plays a key role in access control, yet...
Norway Council of Ethics Finds Hikvision Human Rights Abuses "Ongoing" on Sep 23, 2020
Hikvision's involvement in "serious human rights abuse" in Xinjiang is...
IPVM Camera Calculator User Manual / Guide on Sep 23, 2020
Learn how to use the IPVM Camera Calculator (updated for Version 3.1). The...