Campaign Monitor CEO Alex Bard Resigns to Work in VC: Reports 06/19/2017

Campaign Monitor, the Australia-based technology company, has had a management shakeup: CEO Alex Bard has resigned to join a venture capital firm, and will be replaced in the short term by Board
Chairman Adam Berger, according to press reports appearing in Australia over the weekend.  

“After three amazing years working at Campaign Monitor, I’ve decided to step down
as CEO to begin a new career chapter in venture capital,” said Bard in an email, according to Financial Insider.

“I will lead the transition through the end of the
fiscal year – June 30 – to ensure continued momentum. With over two million customers at more than 200,000 businesses, Campaign Monitor is well positioned for continued growth, and
I’m confident the company’s best days are ahead,” he continued, according to Business Insider
Australia.

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This has been accompanied by recent management changes, the reports add: Board members Dave Greiner and Ben Richardson, who founded the company in 2004—have stepped
back from operational duties, citing a desire to spend time with their families.  

“As parents with young kids, they’re taking the time they didn’t have when building Campaign Monitor
over the past decade to spend more time with their family,” a spokesperson said in statement, according to Business Insider Australia.

Bard added that “Adam Berger, a seasoned CEO
with success in building and scaling companies has stepped in as board chairman and will assume CEO duties on an interim basis,” Business Insider Australia continued.

Allie
Cefalo, the San Francisco-based head of communications, left the company in April, Business Insider Australia added.

Financial Review described Campaign Monitor as a $600 million
email marketing company.

MediaPost sent an inquiry to Campaign Monitor early Monday morning. 

Bard, who joined the company in 2014, worked primarily out of the
firm’s San Francisco office. He did not disclose which VC firm he is joining.

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