Angry Birds creator Rovio CEO Hed to step down

Rovio Entertainment, which is backed by Felicis Ventures, said Friday that its CEO Mikael Hed will be leaving his position. Pekka Rantala will succeed him starting on January 1, 2015. The firm has named Hed as chairman of Rovio Animation Studios. Based in Finland, Rovio is the creator of Angry Birds.

STRH beefs up team with three new hires

SunTrust Robinson Humphrey has expanded its equity research team with three new additions. The firm has hired Salveen Richter and Edward Nash as managing directors covering the biotech and life sciences sector. Also, STRH has named Chase Mulvehill as a director on the energy team covering the oilfield service sector. Previously, Richter worked at Canaccord Genuity as a managing director covering biotech while Nash worked at Cowen and Company. And, prior to joining STRH, Mulvehill was a buy-side analyst at Carlson Capital and Millennium.

GPP-backed Biotronic ups president/CFO to CEO

Biotronic NeuroNetwork, a portfolio company of Great Point Partners, has promoted Bill Gecsey from president and CFO to CEO. The appointment is effective immediately. Gecsey first joined the firm in 2010 as CFO. Based in Ann Arbor, Michigan, Biotronic is a provider of intraoperative neurophysiological monitoring.

CDI promotes COO to president

CDI Computer Dealers, which is backed by H.I.G. Growth Partners, has promoted Erez Pikar from chief operating officer to president. Pikar began at the firm as a director of operations. Headquartered in Markham, Ontario, CDI is a refurbisher and remarketer of IT equipment to educational institutions.

VC-backed Okta names CMO

Okta has hired Andrew Wittman as chief marketing officer. Prior to joining Okta, Wittman worked at CA Technologies. Based in San Francisco, Okta is an identity management service. It is backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital.

Response Biomedical taps Shuster Capital CEO for board chairman

Response Biomedical Corp has appointed Lewis J. Shuster as chairman of its board of directors. Outgoing Chairman Dr. Peter A Thompson will remain on the board. Shuster is CEO of Shuster Capital. Headquartered in Vancouver, British Columbia, Response is a maker of on-site diagnostic tests.

ff Venture Capital promotes two to partner

ff Venture Capital has promoted Adam Plotkin and Michael Faber to partners, a spokesperson for the New York City-based venture firm confirmed.  Plotkin originally joined ff Venture Capital as an entrepreneur-in-residence in June 2013 while Faber came to the firm as a senior advisor in May 2014.

B. Riley appoints new senior managing director

LA-based investment bank B. Riley has hired Michael Guzman as senior managing director, head of corporate and venture services. Prior to joining the firm, Guzman worked at Cantor Fitzgerald where he served as managing director and head of its corporate and venture services group.


Z Capital-backed Affinity Gaming names new CEO

Las Vegas-based casino operator Affinity Gaming, a portfolio company of Z Capital Partners, has appointed Michael Silberling as CEO. Silberling will also be added to the board of directors. Previously, he worked at Caesars Entertainment Corp. Also joining the board are James Zenni, Andrei Scrivens and James Cacioppo.

Ellie Mae expands board of directors with new addition

Ellie Mae has added Marina Levinson to its board of directors. Levinson is the founder and CEO of CIO Advisory Group. She is also partner at Benhamou Global Ventures. Based in Pleasanton, Calif., Ellie Mae provides automated solutions for the residential mortgage industry.


TA hires former Fireman Capital executive Clara Jackson

TA Associates has hired Clara Jackson as a vice president in the Services Group. Prior to joining TA Associates, where she started Aug. 18, Jackson was a vice president at Fireman Capital Partners. Before, Jackson worked as an associate at TPG Growth. She began her career at Goldman Sachs & Co. as an investment banking analyst in the financial institutions group.


Edison Partners promotes three

Growth equity investor Edison Partners has promoted Ryan Ziegler to general partner and Lenard Marcus and Sever Totia to partner. Ziegler first came on board at Edison 11 years ago while Marcus joined in 2004 and Totia in 2007.

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