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Blackbaud (Nasdaq: BLKB) announced that after a seven-year tenure, 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. This decision was made jointly by the Board and Mr. Chardon as part of the Company’s business and succession planning efforts. Following his departure, Mr. Chardon intends to pursue business interests advising and investing in technology start-ups and devote more time to the philanthropic community.
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.
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