I'm stepping down as CEO and stepping up as Chairman of the Board.
As you can imagine, it's a tough decision for me. But I have no doubts it's the right one. I've had a unique opportunity over the last eight and a half years to lead this company from a small open source project with no revenue to the growing leader of the social business movement.
But after a chance to consider what's best for Jive, I've decided that it's time to step down. The opportunity is massive and the growth is fast and furious. While I know I could reinvent myself for this next phase and continue to act as the CEO, it would be like trying to change a tire on a car going 120 mph. I would rather support someone else who has "seen the movie" and can ensure that we're doing everything we can to be a great company. We have a lot of big investments to make across the board and it's incredibly important that we find someone who can crank up the volume and lead us through this period.
I wanted to announce this now and make sure the story got out there correctly (since it would likely come out anyway if we tried to run a confidential search). Also, I want to be clear that this was my decision; neither Sequoia Capital nor the board put any pressure on me. Frankly, in their eyes I've done a great job getting results and building out a rockstar organization, and I've always had their full support. The company is poised for greatness. The timing is ideal for bringing on new leadership while I help with the strategy from behind the scenes.
So what happens next? My first major initiative as Chairman will be to find my replacement. The search will start immediately and we expect to have some world class candidates lined up quickly. In the meantime, Tony Zingale, one of our board members, and a big mentor for me over these last few years, has gracefully agreed to step in as interim CEO. Tony's got incredible experience with the big moves we're making, so he'll give us a powerful head start while I focus on finding the next leader.
Jive has been a second family to me, and it's been an honor to have led a team of such passionate and talented people. And it's not just our employees who have inspired me, but also our customers. It's been a extraordinary ride and I'm thankful to have had the opportunity to grow as a person along with the company. Your support over the years has been fuel for my own journey as well as Jive's.
So thank you all. I look forward to keeping the momentum going as I step into the role of Chairman.