MANAGEMENT SHIFT AT FIOS

Apparently, there's been a big shift in the exec offices at Fios. I'll find out more details tomorrow when I meet with their team, but John Hesse  (right) is now listed on their website as the "interim CEO" replacing Gerald Massey.

LTN board member Tom O'Connor (director of the Gulf Coast Legal Tech Center) tipped us that last Friday Prashant Dubey (SVP Consulting), Sam Panarella (VP Consulting) and Jeanette Siepian (SVP Sales & Marketing) were all let go. Dubey and Panarell's LinkedIn pages show the departures, Siepian's still states Fios employment.Massey's says he's still on the board of directors, but no longer lists CEO title.

Fios' Debbie Caldwell just confirmed the departures:

"Gerald is no longer CEO, he left in May.  He initiated the change as part of a succession plan, with discussions beginning last fall. Gerald maintained, and still does, full confidence by the board. He continues to be involved with Fios, both as a member of the board of directors and a shareholder. John Hesse, the company’s CFO, is the interim CEO

Additional changes:  Fios has made organizational changes within the company to better align our resources to take advantage of the rapidly changing e-discovery market. To better address market needs, Fios has combined its sales and professional services divisions and is also expanding its product teams."