DANIEL ISLAND, SC (WCSC) - The president and CEO of Lowcountry tech giant Blackbaud announced Wednesday he will be stepping down after a seven-year tenure with the company.
According to a press release, Marc Chardon will step down as the Company's President and Chief Executive Officer and a director at the end of 2013, or earlier if a successor is named.
The release states the decision was made jointly by the board and Chardon as part of the company's business and succession planning efforts.
Last week, the company announced the lay-offs of 150 people across the company, including 50 Charleston-based employees.
Following his departure, Chardon intends to pursue business interests advising and investing in technology start-ups and devote more time to the philanthropic community.
"It has been an honor to serve as Blackbaud's President and CEO for the past seven years, and to work with the finest employees and management team in the industry," he said.
The Blackbaud Board will initiate a search process and retain a leading executive search firm to identify the next President and CEO. The search process will include a full review of internal and external candidates. Mr. Chardon will work with the Board to help identify his successor.
"It has been an honor to serve as Blackbaud's President and CEO for the past seven years, and to work with the finest employees and management team in the industry," said Mr. Chardon. "Now is the right time to select a new leader for the next phase of the Company's development and growth. I will work with the Board to help identify the best possible candidate to serve as Blackbaud's next President and CEO and to ensure that this transition is seamless for all of our stakeholders. I am confident that, when the time comes, I will leave the Company in excellent hands with a strong team that will continue to succeed and build on the important progress we have made."
"Blackbaud's Board is committed to conducting a thorough and comprehensive search to identify the best candidate to serve as our next President and CEO," said Andrew Leitch, Chairman of the Board of Directors. "On behalf of the Board and everyone at Blackbaud, I thank Marc for his leadership, commitment and contributions to our Company. He has successfully led the Company through a significant transformation as we sought to expand the markets we serve and range of solutions we offer. During his tenure over the last seven years, we have nearly tripled our revenues. Marc has been a valuable member of the Blackbaud Board and leadership team and we wish him all the best in his future endeavors."
Blackbaud is the leading provider of software and services for nonprofit organizations. Last summer, the company merged with Convio, a similar company based out of Austin, Texas.