- Push-out Score determined
- After about a year and a half in the position
- Praise, thanks and good wishes for Rosenzweig
- Aparup Sengupta taking over
- Rosenzweig said 84 words
(exechange) — Greenwood Village, Colorado, January 15, 2020 — Lance Rosenzweig, chief executive of Startek, leaves. As announced by Startek Inc. in a news release on Wednesday, January 15, 2020, Lance Rosenzweig leaves his post as chief executive officer at the provider of customer experience management solutions after about a year and a half in the role, effective immediately.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.5 years, according to data compiled by exechange. On an accumulated basis, around 14% of the CEOs who announced their departure over the past 12 months left their posts within two years, and 26% left their posts within three years.
Lance Rosenzweig’s duties as CEO will be taken over by Aparup Sengupta, most recently chairman of the board of directors of Startek Inc.
“To pursue other opportunities”
Lance Rosenzweig’s departure from the CEO post is explained as follows. Startek said: “Sengupta will replace Lance Rosenzweig, who is stepping down from his role as president and global CEO to pursue other opportunities.”
Precise information regarding Lance Rosenzweig’s future plans was not immediately available.
Share price decline
The announcement follows a decline in Startek Inc.’s share price of 21% since January 2018.
In the position of CEO since 2018
Lance Rosenzweig became CEO of the Company in 2018.
Rosenzweig has been serving as the Company’s President and Global CEO since July 2018.
He has served on the board of Boingo Wireless, a leading WiFi and DAS provider since July 2014, and of Quality Systems, Inc., a leading healthcare IT and revenue cycle management company, since May 2012.
From 2015 through 2016, Rosenzweig was an Operating Executive of Marlin Operations Group, working with Marlin Equity Partners, a global investment firm, where he served as Chairman of the board of Duncan Solutions and GiftCertificates.com and Chairman of the board and interim Chief Executive Officer of Domo Tactical Communications.
Rosenzweig served as the Chief Executive Officer and President, Global Markets for Aegis USA, Inc., a leading business process outsourcing company with over 18,000 employees, from 2013 through the company’s sale in 2014.
Rosenzweig also co-founded and served as Chairman of PeopleSupport, Inc. since its inception in 1998 and as Chief Executive Officer from 2002 through the company’s IPO in 2004 and subsequent sale in 2008.
He also served as President of Aegis Business Development Group from 2008 to 2010.
Rosenzweig co-founded other wireless, manufacturing and finance companies. Prior to 1993, Rosenzweig was a divisional Vice President at GE Capital, a Vice President in the investment banking group of Dean Witter (now Morgan Stanley), a Vice President of Capel Court Pacific and a Corporate Planning Manager of Jefferson Smurfit.
Rosenzweig received a B.S. in Industrial Engineering from Northwestern University and an M.B.A. from Northwestern University Kellogg School of Management.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Startek and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 3.2020 ($).