Everbridge, Inc., has announced that long-time Chairman and CEO Jaime Ellertson will transition from CEO to Executive Chairman in mid to late 2019.
“I’m extremely proud of what Everbridge has accomplished since I joined the company as CEO in 2011. During that time, we have scaled the business from a smaller privately-held company to a successful public company with projected revenues of over $135 million in 2018. At the same time, we have dramatically expanded the company’s application platform from a single product to our Critical Event Management suite, and have put in place an experienced senior management team capable of scaling the company to the next level. With this strong foundation in place and the positive momentum we have established for the business, I believe now is the right time to start the process of identifying the next CEO to lead us forward. To ensure leadership continuity, we are establishing a timetable of 12 to 18 months to conduct an orderly transition and to maintain uninterrupted operating execution by our team,” said Jaime Ellertson, Chief Executive Officer and Chairman of Everbridge.
“Upon my transition from the CEO role to Executive Chairman, I expect to remain very active in the business, focusing my efforts on corporate strategy, strategic customer and partner relationships, and corporate development,” Ellertson continued. “Until then, business will continue as usual for me and the rest of the management team as we focus on further extending our leadership position in the multibillion-dollar Critical Event Management market.”