Avigilon CEO Prepares To Step Down

By Brian Karas, Published Oct 25, 2017, 10:01am EDT

"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.

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