Avigilon CEO Prepares To Step Down

Author: 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.

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.

"**** **, ** **** ***" *** **** * ******* ********* ** ********'* ***.

***, ** ** ****** *** *** ******.

********* *********, ********'* "*******, *********, ***** ********* ******* *** ******** of *** *****" *** ******* **** *** ********* *****, *** soon **** **** *** *** *********** ** ****. ****** **** is ********'* ***,***** *********.

** *********** ********** **** ************, ******** ******** *** **** *** ********* ** **** **** from *** ** *** ******* ** *** *******.

** ******* **** **** ***** *** *** ****** ** ********.

[***************]

Succession ****

********* *** ******** ** *********, **** *** ***** "********* *** Chief ********* *******" ********* ** ** *** ************ ** ******* 24th. ** **** *** **** ** **** ***** ******* ********* Fernandes, **** *** **** *** ********* ** **** **** ** CEO **** **** ** ****. ********* **** ******** *** ******** of *** ***** *****.

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

*** ********** ***** *** ******** ** ********* ********* *** **** an ******* ******, **** ****** ******** ******* ***.

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

********* ******* ** ************ **** *** *** ********:

**** ******* ********* ** ************* ******** ********** ********* ********** ********* *********** **** ********'* ***:

***** ********* *** ******** *** **** ****** **** **** ********* that *********' ******** *** ******* ***** ********** ******** ***** ***** of *** *******.

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

*********'* ************ ** *** *** ********* ***** ******* *.* ***** after *** ***** ********* ********* ** **** ********* ** ***** American *****, *** **** * ****** ***** ****** *** ** sales-oriented ***** ** * *********-**** *** ****. **** ** * very ***** ***********, ************ ******** *** *** **** ** *** of * ******** ****** *******.

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

*******, ******** ** ** * **** ********, ******* ********* **** a ********** ****** ******* ** **** ****. **** **** **** releasing *** ********, **** * **** ***** ********** *********, *** recent ******** ******* **** *********** *** *************. **** ** ***** ******* *** **** *** ********* ** make ****** ******* *******, ** **** *** ******* ** * different ********* ***** ****** **** ** ***, ****** *** ** opportunity ** **** * ****** ****** ************.

Henderson **********

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********* ** ***** ** ** ****** ******** **** **** *********** within *** *******, ********* **** **** ** ****** ** ** wants ** ******** **** **** ***** ** ***********, ** ** department ***** *** ** **** **********.

************, **** ********* *********** *** ******** ** ******** ** *** Board, ** **** ***** **** ******** ******* ** *** *******, which ***** ********* **** ** *********'* ******* ** **** *** company ** *** **********.

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

********* ****** *** ******* **** **** ***** **** **** ********* positive ***** *** ******** ****** ** ********** ** ********.

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

****** ******** ** *** ************ ******** ** * ****** **** in ********'* ***** ***** ********** *** ***** ******* ** *** trading *** ****** ** ********* ********, *** ***** ****** **** ~3% **** *** ******* ***** ** $**.**:

Buyout/Sale ********

************** ****** ** ******* ****** ******* **** ****, **** *** *** **** ** ******** *** ** ** not ***** * **** ** *** ******* ** ****** ** the **** ******. ** ***** ************, ** ***** ********* ** one, ******** ** **** *** *******, ** ********** ****** ** the *** ***** **** ****** *****. ** ** ***** ******** that ********* *** ***** ** **** *** ******* ** ** could **** ** ** ***** *********, *** ******* * ******** buyer ******* ** **** ****, ****** **** ******** *** ** indefinite ****.

Avigilon *******

** ***** *** ********** *** ***** ****** **** ******** ****** the **** ****** ***** ********* ** ** *** ******* ** moving *** *** ********* ** ** *** ******* ** ****** up. *** ******** ** ****** ** ** * ************ ** Avigilon's ****** ******** ********, **** **** ******* ************* *** ***** signs ** ********, *** ** ***** ************ ** ******* ** the ******** *****.

**** ***** ********* ***** **** ** ***, ******** ******* *** unlikely *** **** ****. **** ******* ** ******** ******* ** their ******* ****** *** *** *********** ******, ******* ******* ** profits, *** *********** *** **** ************ ******** **** ********* *** generally ***** ** *** ***** **** *** *******.

Comments (5)

"** ***** ************, ** ***** ********* ** ***, ******** ** sell *** *******, ** ********** ****** ** *** *** ***** make ****** *****"

********, ** *** ** ***** *** ********** ***** ******* ***** for *** ***** *********** ** ** ***** ** *******.

****, * ******* ******* **** ** ***...

** ***** ** **** *.*. ***** ** ** **** *** free **** **** ****** *** ************?

***** *** ***** ****?

********** ***** **** **** **** ******* :)

** *** ***********, ** *** ** **** ** **** * new ******* ** *** **** ** ******. ** ***** **** is *** **** ** ***** - ******* *******, ***********, ***. Managing * ****** ********, *** ** ****.

** *** ***********, ** *** ** **** ** **** * new ******* ** *** **** ** ******.

*** ******* ************...

“*** ***** * ***** *** ** **********, ** **** *** you *** *** **** *****?”

**** **** ****** **, ‘***** **’* *****’ ***.

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