- Push-out Score determined
- After less than a year and a half in the position
- Bob Pons taking over in the interim
- Search for a successor
(exechange) — Waltham, Massachusetts, January 13, 2021 — Yossi Aloni, chief executive of SeaChange, leaves. As announced by SeaChange International Inc. in a news release and in a regulatory filing published on Wednesday, January 13, 2021, Yossi Aloni has left his post as chief executive officer of the provider of video delivery platforms after less than a year and a half in the role, effective January 8, 2021.
SeaChange will undertake a search for a successor.
Yossi Aloni’s duties as CEO will be taken over in the interim by Robert M. (Bob) Pons, most recently Chairman of SeaChange International Inc., as Executive Chairman.
“To pursue other interests”
Yossi Aloni’s departure from the CEO post is explained as follows. SeaChange said: “Pons succeeds Yossi Aloni, who resigned as Chief Executive Officer (CEO), President and as a director of the Company to pursue other interests.”
Precise information regarding Yossi Aloni’s future plans was not immediately available.
SeaChange said: “On January 8, 2021, Yossi Aloni resigned as the Chief Executive Officer, President and as a member of the Board of Directors (the “Board”) of SeaChange International, Inc. (the “Company” or “SeaChange”), effective immediately.”
“Not a result of any disagreement”
“Mr. Aloni’s departure is not a result of any disagreement with the Company relating to the Company’s operations, policies or practices,” SeaChange said.
Share price decline since January 2020
The announcement follows a decline in SeaChange International Inc.’s share price of 69% since January 2020.
In the position of CEO since 2019
Yossi Aloni became CEO of the Company in 2019.
Aloni joined the Company on January 2, 2019 as Chief Commercial Officer and Senior Vice President.
He was appointed to the Office of the CEO in February 2019 and served in that position until April 2019 before being appointed as the President and Chief Executive Officer in August 2019.
Aloni was appointed as a Director of the Company in October 2019.
Prior to joining SeaChange, Aloni was the Chief of Corporate Operations of ATEME from January 2015 to January 2019.
Aloni served as the Vice President, Product Management & Marketing at Magnum Semiconductor from January 2010 to January 2015.
Prior to joining Magnum Semiconductor, Aloni was the President at Optibase. Aloni has held various other positions with Ted-Ad/MGM International and HOT.
Aloni also served as Lieutenant, Head of Video Section for the Israel Defense Forces.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Yossi Aloni’s move on a scale of 0 to 10.
exechange reached out to SeaChange and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 3.2021 ($).