- Signs for push-out forces
- After almost three years on the job
- No successor named
(management-change.com) — San Mateo, California, November 30, 2016 — Tony Bates, president of GoPro, leaves. It is a change at short notice. As announced by GoPro Inc. in a news release and in a regulatory filing published on Wednesday, November 30, 2016, Anthony (Tony) Bates leaves the post as president at the maker of wearable action-cameras in a surprising move after almost three years on the job, effective December 31, 2016.
GoPro did not name a replacement.
No reason given
In the announcement, GoPro did not explicitly explain the reason for Bates’ imminent move, leaving room for speculation.
GoPro said: “Anthony Bates will cease serving as the President of the Company, effective December 31, 2016.”
Precise information about the future plans of Bates was not immediately available.
Share price decline
The change follows a sharp decline in the share price of GoPro Inc. since August 2015.
Chaired by Nicholas Woodman
GoPro Inc. is chaired by Nicholas Woodman.
Nicholas Woodman founded GoPro and has served as Chief Executive Officer and a member of the board of directors since 2004, as Chairman since January 2014 and as President from 2004 until June 2014.
On the job as president since 2014
Anthony Bates has served as President and as a member of the board of directors since June 2014.
From June 2013 until March 2014, Bates was the Executive Vice President, Business Development and Evangelism of Microsoft Corporation, a software company.
Bates was the Chief Executive Officer of Skype Inc., a provider of software applications and related Internet communications products, from October 2010 until its acquisition by Microsoft in 2011, subsequent to which Bates served as the President of Microsoft’s Skype Division until June 2013.
From 1996 to October 2010, Bates served in various roles at Cisco Systems, Inc., a networking equipment provider, most recently as Senior Vice President and General Manager of Enterprise, Commercial and Small Business.
Bates currently serves on the board of directors of Ebay Inc., a global ecommerce website, and VMware, a global leader in cloud infrastructure and business mobility.
Signs for push-out forces
It is not completely certain what forces eventually triggered Tony Bates’ move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 45.2016 ($).