Milestone CTO Abruptly Exits As New Exec Team Takes Over
Milestone's long-tenured CTO, Bjørn Skou Eilertsen, has abruptly exited as a new executive team takes over under CEO Thomas Jensen who joined Milestone just under 2 years ago.
Inside this note, we examine the abrupt departure of Milestone's CEO, feedback from Milestone, and the future of Milestone's technology strategy.
For related recent Milestone reports, see Milestone Restructures, Restricts Partner Program, and Milestone Financials Examined.
CTO ***
***** ********* *** *** **-*** **** cryptic ** ****** *****, ********* ******** a ********* ** ****, **** *** CEO, ****** **** ** *** ***** decision *** *** *** *** ******** interim ***:
***** ** ***** ** **** ****** to **** **** **** **ø**. ** appreciate *** ******* *** **** ** thank *** *** *** ************ ** Milestone *** **** *** *** *** best.
** *** ******* ******, * ******** as *** *** **** ** *** good *** ****** ********** **** ** the ********** ***** *** ** *** same **** ******** ** ****** ********** video ********** *********
********* ****** * ****** ******** ***** release***** **** **** *** * ********** bluntly ********* **** ***** *** "** no ******" **** *** *******.
** ***** **** ** ******** **** Bjørn **** ********* ***, ** ** longer **** ********* ******* */*.
** **** ** ***** **ø** **** Eilertsen *** *** ************ ** ********* and **** *** *** *** ****.
********* *** ********* * ******** ********* ** ***** "*** ****** ** Milestone ** *** ** ***** *****":
***** * ****** ** ***** ** very **** ** ****** *** ***** and ******** ********, * ** ******* Milestone. ** **** **** ********** *** company, ***** ******************#**************#*********************. * ** ***** ** ***** achievements.I *** ********** ** **** ****, learn ****, ** ******** ** *** grow * *** ** *******#******. *** ****, * ** **** grateful.The ****** ** ********* ** *** ** ***** *****, and I wish the company all the best. For now, I will enjoy the summer with my family before deciding on my next endeavors. [emphasis added]
*** **** ******** ****** *** ***** and **** *** ******** ********* ******** Milestone ********* ******** *** ********* ***.
CRO / ** ** ***** ********* ***
**** **** ******* *** ***** * months ***, *********'* ****-**** ** ** Sales *** *********,******* *. ********, **** *********. *** **** *************** ***** ******* ********* ********, ** ***-****, ****** *** ** Chief ******* *******.
New **********
*** *** *** *** ******* ** a ***** ** *** ********** ** Milestone, *********:
- ******* *****, ***** ******* *******, ********** * terms ** ********* *** * ******-**** at ********* (****** *** ****)
- ********* **** ******, ***** ********* *******, **** * decade ** ***, * ***** ***************** company (****** *** ****)
- ***** ***** *******, ***** ****** & ******* *******, over ** ***** ** **** ******* a ***** ************** ******* (****** *** 2021)
*** * *** *****, *** *** CEO, *** *** (*** *******), *** the *** **-*** **** ******** ******** in*********'* ****** ************** * ****** ***:
Poor *** **********
***** ** *** *** ******* *** this ********, *** ********** *** **** handled ******. ******* * ***** ******* disassociating ***'* ******* **** * ****-******* executive ** * *** **** ** well ** *** *** ******** *** interim *** ** * ******* ** large ** ********* (**** *,*** *********) and *** *** *** ********** ************* to * ***********.
Technology ********?
*** **** *********** ******** ** **** is *********'* ********** ********? ********* ******** to ******* ******** ***** **** ***** plans ***, ****** *** ************* **** made **** **** * **** ******** ******** ***** ************, ***** ***** **** *** **** released.
**** **** ** ****, ** (********* in **********) ******** ************* *** ********.
Arcules / ***** *******
** *** **** ** **** ** what ** ********* ** *** *****. In *** *****, **** *** * clear ****** ***, ** **** ******** that ****** **** **** * ******* of ****-********* ** / ** *******.
**** ******, *** *** ** *** less ***** *** *** ***** *** far ******. *** **** ** ***** quality ************ ** *** ****** ***** advances ** ** *** ***** *** far ******.
* ******** ***** ***** **** **** **** *** *******. **** *** ********** * "****" move **** *** ****** *** ** be ******* ********** *** ********* *** having * ***** ********** ******** *** delivering ** ***** *** **.
2023 ******** *** *********
**** *********'* ****-******* *** ******** *** and *** *** *** *** *** interim *** ****** **** ** ********* almost * *****, **** ** ******* up ** ** ******** *** *********. If ********* *** ******* ** *** next ****, ** *** **** **** be ****** ** **** *** *** but, ** ***, ** ***** ***** disrupted ** ********* **** *** ** DVRs.
Vote / ****
** **** ** **** *********'* *** CEO ***** *** *** ****, ***** does *** ****** ** ** ************. It ** *** **** ** **** nearly * ***** ** ****** ** the *** *******, ** **** *** the ********* ** ****** ** ****.
** ******** ** *** *** ***, he ***** * *** ** ******** from *** ************, ** * ** curious *** **** ** **** ****** to ** ******* ***** **.
* ***** ***** **** *********'* **** install ****, *** ******* ********** ** end-users ** ****** ** ***** *********, and *** **** **** *** ********* product ** **** ***** *** **** through ******* *** ***** ****** ****** went ****** ***. ** *** **** already **** *** **** *** *****?
***:********* **** ********** ********, *******:
*********'* ********** ****** ****** **** *** the **** * ***** *** **** ~6.6% **** ~$*** ******* *** ** 2017 ** ~$*** *******.
** ********* ** ******* *** ********* on *** **** *** ****** *** overall ****** ** *******, ****'* ****** relatively **** ** ***.
*** ********** ** **** ********* ** benefiting **** ***** ** ********* *** squeezing *** ****** **** **** *** is ************ ********** ** ******* **** newer ******** **** ****** ******* *** more ****** *******.
**’* *** **** ** ******** * Milestone **** **** ******** *** ********* fees *** ***********.
**** **** ** *** ********* *** users * ********** ****, ***** *** definitely **** **** ********** **** ** comes ** ******** **** *-*******. **** though **'* * ***** ********, * feel **** **** ** * ***** opportunity *** *** ***** ******* ** the ****** ** **** **** ****** share.
***** *** *** *********** ****** ***** with **** *******. **** **** ************ of ******* ********** ********* *** ***** canned *** ********* ** *** ************ for ** **** ******* ***** **** someone **** ** ******* *** **** after *** *** ********** / ********* of ***** ****.
* ********** ***** **** ****'* ********** that ****** ***** *** *** ******. He **** **** ** ** ****** never *** * ****** **** **** like *** ***. ********* ** * global ******* *** **** ****** **** decisions ***** ******* **** * ****** company *** *** * ******** ******.
**** **** *** **** *** ******** business **** ** **** *** *** did *** ***** **** ******* ***** with * ******** **** *** ** in ******* ******** *** **************. *** mistake **** *** *** ** **** they **** * ***** **** **** Dell *********. ( * ***** ** hardware ***** ****.)
**** *** ***** ** ***** **** cloud. **** **** ****** ** **** is * ** ******* ** **** Arcules **** **** *********. **** * great **** ** **** ** ******* and ***** ***** *** ***** ***** exactly **** ********* ******* ********** ****.
** ***** ** *** **** *** Bjorn ** **.
* ****** *****, ********* **** *** search ** *******.
* ****** *****, ********* *** *** a *** ***:
***** *** ******** * ***** ****** *********** **** recently * ******* ****** ** *******:
**** ********* ******* ** ******** ** smell **** * *********** **** ** Canon. ***** **** *** ** *** in *-* ***** ** *** ******* hangs **.