And in todays rather surprising news? That company we all love to hate (yes, that EIG
) has announced it's looking for another CEO
BURLINGTON, Mass., April 17, 2017 (GLOBE NEWSWIRE) -- Endurance International Group (NASDAQ:EIGI) (“Endurance” or the “Company”), a leading provider of cloud based platform solutions, today announced that its Board of Directors and its Chief Executive Officer Hari Ravichandran have adopted a CEO transition plan. Mr. Ravichandran will remain CEO and serve as a Board member while the Company conducts a search to identify his successor.
As a founder of the Company, Mr. Ravichandran has led the Company to many milestones, including the Company’s IPO in 2013 and last year’s acquisition of Constant Contact. Endurance generated over $1 billion of revenue in 2016 under Mr. Ravichandran’s leadership.
“The Board thanks Hari for his vision and the entrepreneurial spirit that led to Endurance’s growth into the global family of web service providers it is today,” said James C. Neary, Chairman of the Board of Directors, Endurance International Group. “The Board and Hari have been engaged in a dialogue over an extended period of time about an eventual transition of his leadership, and will work together to bring on a CEO who can take Endurance to the next level.”
I wonder what they mean by 'take endurance to the next level'.. Hmmm, maybe there's a lower level of customer service? If there is, I'm sure their next CEO will find it