Scot Wingo resigns as CEO of ChannelAdvisor, appointed Executive Chairman
After 13 years running the company, Scot Wingo resigned as the CEO of ChannelAdvisor on the 28th of May and has been appointed as ChannelAdvisor’s Executive Chairman effective as of May 4, 2015.
ChannelAdvisor announced that its Board of Directors has appointed David Spitz as Chief Executive Officer (CEO) and a Director.
Commenting on his appointment, David said, “I’m honored to have been appointed to serve as the Chief Executive Officer of ChannelAdvisor. I strongly believe in the solid fundamentals driving opportunities for the company. I am committed to the long-term success of ChannelAdvisor and look forward to expanding on the leadership position we have established in the marketplace”.
In a press release Scot says “I look forward to remaining closely involved in driving ChannelAdvisor’s role in the complex e-commerce industry both internally and externally, and making further contributions to our products and strategy in my new role. I am excited about David’s appointment as CEO. I believe David is a strong, dynamic leader, with the drive to lead our organization forward, helping us create long-term value for our customers, employees and shareholders“.
The news came as a bit of a surprise, I’ve known Scot for many years and he was also a great friend of Sue Bailey, Tamebay’s co-founder. Over the year’s he’s been a great fan of Tamebay and supporter and always available when we needed a comment. We’ve had some great conversations over the years and his talks at ChannelAdvisor Catalyst have always been superb!
David Spitz has been with ChannelAdvisor for over nine years and is no slouch when it comes to ecommerce. ChannelAdvisor has in recent years been positioning itself for global growth supporting over 40 marketplaces around the world as far away as China (TMall) and New Zealand (TradeMe), David’s challenge will be to continue their growth.
ChannelAdvisor closed Q1 2015 with $22.6 million revenue, up 17% on the same period last year. They ended the quarter with 2,893 customers (up 13% on last year) with an average revenue per customer up 2% at $31,630 for the trailing 12 months.
We wish Scot all the best for the future and look congratulations to David on his new role.
We were with CA and were happy with the service, but were not happy with the way they charged extra if we sold more, we like presumably many others moved to Linnworks.
Looking in more detail at the financial reportings they are still growing, but you have to wonder if they can grow much more, they have 2893 customers, with a workforce of 683 employees, and appears to be losing millions of dollars.
It may be a change is needed to enable a reduction in the overheads, ie reduce staff, for that type of operation you should not need 1 member of staff for every 4 customers, its not sustainable.
We used ChannelAdvisor for a number of years an era when they were more customer focussed . Was lucky to meet Scott and see his enthusiasm . About a year back we moved to MobilityeCommerce and they have really gives us a great deal of care and attention to streamline & grow the business . Wish Scott all the best for the future.
Executive Chairman is a step above CEO so it’s a promotion? More planning less doing as I understand it, or is that now how CA run?
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