UK-based UDO optical disk archive product maker Plasmon is to announce a new CEO today. His - or her - identity is being kept secret until the announcement time.
When Nigel Street was ousted last May, Rod Powell, a non-exec at Hanover Investors, which had invested in Plasmon, took over as the interim CEO.
Since then a search for a new CEO has been underway and the appointment is being announced by Plasmon today, Tuesday, November the 13th. The new CEO is expected to be based in the USA, as is Rod Powell.
Currently Mike Koclanes is SVP for sales in the Americas and Asia-Pacific. He is expected to retain that role.
With the executive leadership of the company transferring to the all-important North American market there is a possibility, however faint, that the current board chairman, Jeffrey Hewitt, appointed in July 2006, might find his successor will be located in the USA as well.
Hewitt effectively replaced Barrie Morgans, who was Plasmon's chairman for sixteen years. Since Hewitt became chairman another Plasmon director, Dr Henri Zinsli, has also left. He was replaced as head of the audit committee by David Best. Joining Hewitt on the board were Rod Powell, the interim CEO, and Matthew Peacock, both from Hanover Investors, in May this year. This means that half of Plasmon's board has joined since July last year. It is a board-level makeover.
The new CEO will be expected to move UDO and Archive Appliance product sales up to a new level.