Salary.com’s Founder Resigns as CEO

Some people are strong believers of the “if it ain’t broke, don’t fix it” motto, while others feel that change, even in something presently successful, is necessary to prevent stagnation. Kent Plunkett, founder of Salary.com, subscribes to the second school of thought. After 10 years as CEO of his company, he has decided to resign, granting Salary.com the “opportunity for fresh leadership.” (Image courtesy of: Salary.com)

Based in Needham, MA, Salary.com, was established with the objective of delivering “on-demand compensation and talent management software.” Currently, the company reaches thousands of corporate subscribers and over 100 million individual users.

Plunkett will remain Chairman of the Board at Salary.com, while the role of interim CEO will go to Paul R. Daoust, until the position is permanently filled, following a formal search.

Plunkett expressed his confidence in Dauost to interviewers, saying: “We have recorded 35 consecutive quarters of revenue growth and I remain optimistic about the company’s long term growth potential. I am highly confident in Paul's leadership of the company’s executive transition plan and believe that Salary.com has a very strong foundation for our next chief executive to grow the company to the next level.”

Since 2006, Daoust has served as a member of Salary.com’s board of directors. Before assuming this role, he worked with human resource consulting firm Watson Wyatt Worldwide for 28 years--five of which he served as CEO, tripling the company’s profits.

Salary.com’s lead director, Robert Trevisani, feels Daoust will serve well as interim CEO. Recently, Trevisani spoke on behalf of the company, “The Board is confident that with Paul joining as interim chief executive officer, Salary.com has the leadership in place that will enable the company to continue prospering while it searches for its next permanent chief executive officer.”

Investors, clients, and other stakeholders of Salary.com must be anxious to see where new leadership will take the company. With Daoust only serving as interim CEO, it’s likely that just as people warm up to his leadership style, it will be time to bring in the permanent replacement. (Image courtesy of: Salary.com)

It’s only natural for change to evoke a mix of trepidation and excitement. In this case, it will most likely be months before Salary.com will know if its change in leadership will cause a renaissance in the company or leave the board begging its founder to take back the reins.

For more information visit: http://money.cnn.com/news/newsfeeds/articles/marketwire/0589077.htm