- Push-out Score determined
- After almost 24 years in the position
- Praise for Stoecker
- Mark Anderson taking over
- Stoecker will remain as Executive Chairman at Alteryx
- Stoecker spoke at length and said 134 words
(exechange) — Irvine, California, October 5, 2020 — Dean Stoecker, chief executive of Alteryx, leaves his position. As announced by Alteryx Inc. in a news release and in a regulatory filing published on Monday, October 5, 2020, Dean A. Stoecker leaves his post as chief executive officer at the data analytics software maker after almost 24 years in the role, effective immediately.
It is the end of an era.
Dean Stoecker’s duties as CEO will be taken over by Mark Anderson, a former President of Palo Alto Networks.
Already a director
Anderson is already a director of Alteryx.
Directors-turned-executives represent a blend of outsider and insider.
They don’t have the constraints of a pure insider when it comes to leading painful changes or making unpopular decisions, and they have more company knowledge than a pure outsider.
Having been a director, Anderson understands the expectations and dynamics of the board and has knowledge of Alteryx’s organization, risk-management practices and strategy.
“Mark is the ideal candidate”
Alteryx did not give an explicit reason for Dean Stoecker’s departure from the CEO post. Stoecker said: “When I decided to transition from day-to-day operations, it was clear to me that Mark is the ideal candidate to serve as Alteryx’s next CEO given his passion for our company and our newly created Analytic Process Automation category, coupled with his experience in scaling organizations.”
Stoecker will remain as Executive Chairman at Alteryx
“The Company also announced that Mr. Stoecker has been appointed as Alteryx’s Executive Chairman and will continue to serve as Chairman of the Board of Directors,” Alteryx said.
Alteryx said: “Mark Anderson, a current member of Alteryx’s Board of Directors, has been appointed to succeed Dean Stoecker, Alteryx’s Co-founder, Chairman and current Chief Executive Officer, as Alteryx’s Chief Executive Officer, effective today.”
Alteryx further said: “On October 2, 2020, as part of a succession plan, Dean A. Stoecker, the Company’s founder, Chief Executive Officer (“CEO”) and Chairman of the Company’s Board of Directors (the “Board”) resigned from his role as CEO, effective October 5, 2020. In connection with the succession plan, Mr. Stoecker will remain as the Chairman of the Board and was appointed by the Board as the Company’s Executive Chairman.”
Share price decline
The announcement follows a decline in Alteryx Inc.’s share price of 36% since August 2020.
In the position of CEO since 1997
Dean Stoecker became CEO of the Company in 1997.
Dean A. Stoecker co-founded the Company and has served as the Company’s Chairman of the Company’s board of directors and Chief Executive Officer since the Company’s inception in March 1997.
Prior to joining the Company, Stoecker served as Director of Enterprise Solutions for Integration Technologies, Inc., a systems integrator, and as Vice President of Sales at Strategic Mapping Inc., a provider of geospatial mapping information technologies.
He also held various sales and strategic roles at Donnelley Marketing Information Services, a division of Dun & Bradstreet, Inc., a business services company.
Stoecker holds a B.S. in international business from the University of Colorado Boulder and an M.B.A. from Pepperdine University.
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 Alteryx and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 41.2020 ($).