Friday, March 28, 2008

The times, they are a-changin'

Change is a part of life and a part of business. Recent developments at Black Duck have brought that point home to me.

Doug Johnson, Black Duck’s CFO for the last two and one-half years, is retiring from the company and will be sailing and living in the Caribbean for three years with his wife Tammy. He is in the process of selling his houses in Boston and Kennebunkport, Maine, and his cars too. Almost everyone envies him.

Ken Goldman, Senior Vice President and CFO, has joined the company to fill the void. Ken comes to Black Duck with over twenty five years of financial experience. Most recently, Ken was CFO of, where he led their successful IPO. Prior to that he was an investment banker with Mirus Capital Advisors, and held CFO positions at Lodestar Corporation, Student Advantage, Media Map, ShopLink, and Liberty International. Ken began his career at KPMG, is a Certified Public Accountant (CPA), and received his Accounting and Management degree from Syracuse University.

Also joining the executive team is Peter Vescuso as Senior Vice President of Marketing. Peter spent the last six years at Cantata Technology (formerly Brooktrout Technology). He has twenty years of technology marketing experience, including senior marketing positions with Hewlett-Packard, Compaq, and Apollo Computer Company. Peter has a Master's degree in Engineering Management from Dartmouth College and Bachelor's degree in Mechanical Engineering from New York Institute of Technology.

At times there were open chairs, but now we have a Dream Team in place.

Turnover, generally speaking, is not desirable, but it is also not unusual for startups. The lives of people working in a startup, and in subsequent stages of a rapidly growing company, experience changes in their life, their goals, attitude toward work, etc. Change is natural and expected.

As Black Duck has changed, grown and matured, and we’re fortunate to be able attract the highest-qualified candidates and ultimately hire the very best and brightest in the marketplace.

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