- Push-out Score determined
- After almost nine years in the position
- Praise and thanks for Hansen
- Alex Shootman taking over
- Hansen said 104 words
(exechange) — Plano, Texas, November 4, 2021 — Mike Hansen, chief executive of Alkami, leaves. As announced by Alkami Technology Inc. in a news release and in a regulatory filing published on Thursday, November 4, 2021, Michael (Mike) Hansen leaves his post as chief executive officer at the cloud-based digital banking solutions provider, after almost nine years in the role, effective November 5, 2021.
Mike Hansen’s duties as CEO will be taken over by Alex Shootman, most recently Chief Executive Officer at Workfront.
The fact that Mike Hansen’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
In general, an outsider does not have the constraints of an insider when it comes to leading painful changes or making unpopular decisions.
“Growing and scaling”
Alkami did not give an explicit reason for Mike Hansen’s departure from the CEO post. Brian R. Smith, Founder and Managing Director of S3 Ventures and Chairperson of Alkami’s Board of Directors, said: “Alex’s experience in growing and scaling enterprise software companies is essential at this stage of Alkami.”
Precise information regarding Mike Hansen’s future plans was not immediately available.
Alkami said: “Shootman succeeds Mike Hansen, who will remain at Alkami in an advisory role through the end of the year to assist with the transition and continue his role as a Director on Alkami’s board through at least 2022. Shootman will also be appointed to Alkami’s Board of Directors.”
Share price decline since May 2021
The announcement follows a decline in Alkami Technology Inc.’s share price of 34% since May 2021.
In the position of CEO since 2013
Mike Hansen became CEO of the Company in 2013.
Michael Hansen has served as the Company’s President and Chief Executive Officer and as a member of the Company’s board of directors since April 2013.
Prior to joining Alkami, Hansen served from 2005 to 2010 as the Chief Executive Officer and President of T-System Inc., a healthcare technology company.
From 2000 to late 2004 Hansen served as the President/Chief Operating Officer and a director of Carreker Corporation (now Fiserv Corporation), a financial services software, services and advisory firm serving FIs in the United States, United Kingdom, South Africa and Australia.
From 1991 to 2000, Hansen served in executive leadership roles in retail, commercial, international banking and enterprise technology and operations for KeyCorp and JPMorgan Chase & Co.
Hansen also served on the board of the Retina Foundation of the Southwest and Interfaith Family Services and currently is on Southern Methodist University’s Business Advisory Board of the School of Engineering Computer Science Department.
Hansen holds a B.S. and M.B.A. from the University of South Dakota.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Mike Hansen’s move on a scale of 0 to 10.
exechange reached out to Alkami and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2021 ($).