- Push-out Score determined
- After almost 17 years in the position
- Praise for Halligan
- Yamini Rangan taking over
- Halligan will remain as Executive Chairman at HubSpot
- Halligan said 89 words
(exechange) — Cambridge, Massachusetts, August 4, 2021 — Brian Halligan, chief executive of HubSpot, leaves his position. As announced by HubSpot Inc. in a news release and in a regulatory filing published on Wednesday, August 4, 2021, Brian Halligan leaves his post as chief executive officer at the customer relationship management (CRM) platform after almost 17 years in the role, effective September 7, 2021.
It is the end of an era.
Brian Halligan’s duties as CEO will be taken over by Yamini Rangan, currently Chief Customer Officer at HubSpot Inc.
Halligan will remain as Executive Chairman at HubSpot
“The company also announced that Brian Halligan will step into the role of Executive Chairman of HubSpot’s Board of Directors as of September 7, 2021. The Board has appointed Yamini Rangan, HubSpot’s current Chief Customer Officer, to succeed him,” HubSpot said.
“We have an opportunity to make some important changes now”
Brian Halligan’s departure from the CEO post is explained as follows. Halligan said: “As Dharmesh [Shah, co-founder and CTO of HubSpot] and I have thought about what the next 15 years and beyond look like for HubSpot, it’s become clear to us that we have an opportunity to make some important changes now that will set us up for long term success. I’ve also been thinking a lot about how I can have the most impact on HubSpot moving forward, and moving to the Executive Chairman role feels like a natural fit. That transition wouldn’t be possible if I weren’t incredibly confident in Yamini’s ability to lead HubSpot.”
HubSpot said: “Brian Halligan will step into the role of Executive Chairman of HubSpot’s Board of Directors as of September 7, 2021. Yamini Rangan will succeed Halligan and will step into the CEO role effective September 7, 2021. Rangan will also join HubSpot’s Board of Directors at that time. Halligan will work closely with Rangan to ensure a smooth transition.”
HubSpot further said: “[E]ffective September 7, 2021, Brian Halligan will transition from his role as Chief Executive Officer and President of the Company and will become Executive Chairman of the Company’s Board of Directors. As Executive Chairman, Mr. Halligan will continue to play a meaningful role in driving the Company’s long-term strategy, including partner and product strategy.”
Share price increase since August 2016
The announcement follows an increase in HubSpot Inc.’s share price of 984% since August 2016.
In the position of CEO since 2005
Brian Halligan became CEO of the Company in 2005.
Brian Halligan, a founder of the company, has served as the Company’s Chief Executive Officer and a member of the Company’s Board since 2005, and has served as Chairman of the Company’s Board since 2014.
Halligan is also an author and a senior lecturer at the Massachusetts Institute of Technology.
Prior to founding HubSpot, Halligan served as venture partner at Longworth Ventures.
From 2000 until 2004, he also worked as the vice president of sales of Groove Networks, which was later acquired by Microsoft.
Halligan served on the board of directors of Fleetmatics Group, a global provider of fleet management solutions until its acquisition by Verizon Communications in November 2016.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Brian Halligan’s move on a scale of 0 to 10.
exechange reached out to HubSpot and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 32.2021 ($).