Kevin Hesselbirg, CEO of OpenLink Financial, which provides cross-asset trading and risk-management software and services for companies in financial services and other industries, is stepping down. The firm is seeking a replacement.
When OpenLink names a successor, Hesselbirg will become vice chairman of its board and as an adviser to its senior management and board.
CEO succession is a necessary responsibility and critical component to the long-term strategy of any growing, successful company, and I believe that now is the right time to transition the leadership of OpenLink to a new executive that can bring fresh energy, experience and ideas to help lead the company into its next decade of growth, Hesselbirg said in a statement.
Hesselbirg joined OpenLink in 1999 as CFO and was appointed COO in 2001. He became CEO in 2007.
During his tenure at OpenLink, the company grew from $16 million in yearly revenue and 100 employees to more than $325 million in revenue and a workforce of more than 1,250.
Meanwhile, the firm announced that Robert (Brad) Henske, a managing director of Hellman & Friedman LLC, OpenLinks largest investor, will become chairman of the board of OpenLink to oversee the CEO transition.
Under Kevins leadership, OpenLink has grown into the market leading provider of E/CTRM solutions and services it is today, Henske says. We celebrate and honor his period of leadership of OpenLink and are gratified that well be able to have the benefit of his skills in the future on the companys board.
(CG)