"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.
Avigilon CEO Prepares To Step Down
Published Oct 25, 2017 14:01 PM
"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 ****
********* *** ******** ** *********, **** the ***** "********* *** ***** ********* Officer" ********* ** ** *** ************ on ******* ****. ** **** *** role ** **** ***** ******* ********* Fernandes, **** *** **** *** ********* to **** **** ** *** **** time ** ****. ********* **** ******** his ******** ** *** ***** *****.
Fernandes ********** ******* **********
*** ********** ***** *** ******** ** Alexander ********* *** **** ** ******* debate, **** ****** ******** ******* ***.
*** ************* ********* *** ** '*************', ******* 'Questionable **********'.
********* ******* ** ************ **** *** *** ********:
**** ******* ********* ** *** ********** ******** ********** ***** **** ********** ********* *********** **** ********'* CEO:
***** ********* *** ******** *** **** ****** with **** ********* **** *********' ******** and ******* ***** ********** ******** ***** views ** *** *******.
Henderson ***** ****** ****
*********'* ************ ** *** *** ********* comes ******* *.* ***** ***** *** first ********* ********* ** **** ********* of ***** ******** *****, *** **** 6 ****** ***** ****** *** ** sales-oriented ***** ** * *********-**** *** role. **** ** * **** ***** advancement, ************ ******** *** *** **** to *** ** * ******** ****** company.
Opportunity *** *********
*******, ******** ** ** * **** position, ******* ********* **** * ********** stable ******* ** **** ****. **** have **** ********* *** ********, **** a **** ***** ********** *********, *** recent ******** ******* **** *********** *** *************. **** ** ***** ******* *** need *** ********* ** **** ****** drastic *******, ** **** *** ******* in * ********* ********* ***** ****** over ** ***, ****** *** ** opportunity ** **** * ****** ****** organization.
********* **********
**** ** *********'* ***** **** ** CEO, something **** ***** ********* ** *********** for *** **********. ********, ***** ******** traded, ***** *** **** **** **** complicated, *** ** *** ** **** stock *********** *** **** ******* ***** falling **** *** *** **** **** in ***** ****. **** *********** ***** ** ******** for **** ****-******** ***'*, ********* **** need ** **** ** ** ***** on *** ****** ********** *******, *** then ********* **** ***** ** ** done ** *** *** ******* ** a ****** ****** *****.
********* ** ***** ** ** ****** involved **** **** *********** ****** *** company, ********* **** **** ** ****** if ** ***** ** ******** **** same ***** ** ***********, ** ** department ***** *** ** **** **********.
************, **** ********* *********** *** ******** as ******** ** *** *****, ** will ***** **** ******** ******* ** the *******, ***** ***** ********* **** of *********'* ******* ** **** *** company in *** **********.
Positive ******** ********
********* ****** *** ******* **** **** spoke **** **** ********* ******** ***** the ******** ****** ** ********** ** Avigilon.
Stock **** ** ************
****** ******** ** *** ************ ******** in * ****** **** ** ********'* stock ***** ********** *** ***** ******* of *** ******* *** ****** ** recovered ********, *** ***** ****** **** ~3% **** *** ******* ***** ** $19.25:
Buyout/Sale ********
****** ******** ****** ** ******* ****** ******* this ****, **** *** *** **** ** fruition *** ** ** *** ***** * sale ** *** ******* ** ****** in *** **** ******. ** ***** ************, of ***** ********* ** ***, ******** to **** *** *******, ** ********** change ** *** *** ***** **** little *****. ** ** ***** ******** that ********* *** ***** ** **** the ******* ** ** ***** **** on ** ***** *********, *** ******* a ******** ***** ******* ** **** down, ****** **** ******** *** ** indefinite ****.
Avigilon *******
** ***** *** ********** *** ***** shifts **** ******** ****** *** **** ****** where ********* ** ** *** ******* of ****** *** *** ********* ** in *** ******* ** ****** **. The ******** ** ****** ** ** a ************ ** ********'* ****** ******** strategy, **** **** ******* ************* *** other ***** ** ********, *** ** major ************ ** ******* ** *** business *****.
**** ***** ********* ***** **** ** CEO, ******** ******* *** ******** *** some ****. **** ******* ** ******** staying ** ***** ******* ****** *** the *********** ******, ******* ******* ** profits, *** *********** *** **** ************ approach **** ********* *** ********* ***** in *** ***** **** *** *******.
Comments (5)
Robert Baxter
Oct 26, 2017UI
Undisclosed Integrator #2
Nov 06, 2017U
Undisclosed #1
Oct 26, 2017No rumor on what A.F. plans to do with his free time once things are transitioned?
JH
John Honovich
Oct 26, 2017Definitely 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.
U
Undisclosed #1
Oct 26, 2017In 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.