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The board of directors replaced a founder CEO with an external CEO, new CEO hired a new exec team. Edit: To clarify, things were going well, but the company was
by zippergz 5y ago
The board of directors replaced a founder CEO with an external CEO, new CEO hired a new exec team. Edit: To clarify, things were going well, but the company was scaling and the founder did not want to be CEO of a large company because he wanted to mostly focus on product stuff. So he worked with the board to bring in a "professional" CEO.