- Push-out Score suggests push-out forces
- After around eight years in the position
- Praise for Coates
- Dan Goldsmith taking over
- Coates will remain as Executive Chairman at Instructure
- Coates said 62 words
(exechange) — Salt Lake City, Utah, October 29, 2018 — Josh Coates, chief executive of Instructure, leaves the position. As announced by Instructure Inc. in a news release and in a regulatory filing published on Monday, October 29, 2018, Joshua L. (Josh) Coates leaves his post as Chief Executive Officer at the educational technology company after around eight years in the role, effective January 1, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 9.1 years, according to data compiled by exechange.
Josh Coates’s duties will be taken over by Dan Goldsmith, currently President of Instructure, Inc.
“It’s time for me”
Josh Coates’s departure from the CEO post is explained as follows. Coates said: “After more than eight years as CEO of Instructure, it’s time for me to take on a new role within the company.”
Coates will remain as Executive Chairman at Instructure
On January 1, 2019, Josh Coates will transition from his role as CEO to Executive Chairman of the Board.
Instructure said: “Mr. Goldsmith will succeed Joshua L. Coates, who has served as the Company’s Chief Executive Officer since October 2010.”
In the position of CEO since 2010
Joshua L. Coates has served as the Company’s Chief Executive Officer since October 2010 and as a member of the Company’s Board of Directors since January 2010.
From 2007 to 2009, Coates served as Chief Technology Officer of the advanced development group at EMC Corporation, a provider of online information backup and recovery services.
In 2005, Coates founded Berkeley Data Systems, which operated mozy.com, an online storage company, where he served as Founder and Chief Executive Officer until it was acquired by EMC in 2007.
In 1999, Coates founded Scale Eight, a software company, where he served as Founder, Chief Technology Officer and member of the board of directors.
Coates holds a B.S. in computer science from University of California, Berkeley.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Josh Coates’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 45.2018 ($).