Brightcove CFO Kevin Rhodes leaves for MarkForged

  • Push-out Score suggests push-out forces
  • After less than three and a half years in the position
  • Praise, thanks and good wishes for Rhodes
  • Rob Noreck taking over

(exechange) — Boston, Massachusetts, May 3, 2018 — Kevin Rhodes, finance chief of Brightcove, leaves. As announced by Brightcove Inc. in a news release on Thursday, May 3, 2018, Kevin R. Rhodes leaves his post as Chief Financial Officer at the provider of cloud services for video after less than three and a half years in the position.

Rhodes’s move comes shortly after Jeff Ray took over as CEO of Brightcove Inc.

The exact date of Rhodes’s departure was not specified in the announcement.

Rhodes’s duties will be taken over by Robert (Rob) Noreck, most recently Senior Vice President of Finance and Sales Operations of Brightcove Inc.

Brightcove Inc. still listed Rhodes as EVP & CFO on its leadership page.

“Leaving the company for a new opportunity”

Rhodes’s departure from the CFO post is explained as follows. Brightcove said: “Mr. Noreck will succeed Kevin Rhodes, who has served as Brightcove’s EVP & Chief Financial Officer since 2014 and is leaving the company for a new opportunity.”

Rhodes will be executive at MarkForged Inc.

The Boston Business Journal reported on May 3, 2018 that Kevin Rhodes will join MarkForged Inc.

MarkForged Inc. is a Watertown-based 3D-printing startup.

Share price rise since April 2018

The change follows a rise in the share price of Brightcove Inc. since April 2018.

Chaired by Gary Haroian

Brightcove Inc. is chaired by Gary Haroian.

CEO: Jeff Ray

Jeff Ray serves as CEO of Brightcove Inc. Hugh Jefferson Ray has been Chief Executive Officer and Director of Brightcove Inc. since April 11, 2018. Ray served as the Chief Executive Officer and President at Ellucian Company L.P. from October 2014 to 2017.

In the position of CFO since 2014

Kevin R. Rhodes has been the Chief Financial Officer at Brightcove Inc. since December 1, 2014.

Kevin Rhodes brings more than 23 years of executive level experience in a wide range of technology and software companies.

He has led both public and private companies with extensive experience in finance, IT, M&A, Investor Relations and equity offerings.

Most recently, Rhodes served for over five years as the EVP & Chief Financial Officer of PlumChoice, Inc., a technology-enabled services business in the remote technology support market.

Prior to joining PlumChoice, he served as the Chief Financial Officer of Edgewater Technology, Inc. (Nasdaq: EDGW), where he led the acquisition strategy and finance organization.

Rhodes also held senior financial management positions with Eliassen Group, Inc. and Waste Management, Inc.

He received his BS degree with a concentration in Accounting & Finance from Merrimack College and holds an MBA, with highest honors, from the F.W. Olin School of Business at Babson College.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Kevin Rhodes’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.

Read the full story in the exechange report 19.2018 ($).