3 days Ago By James Paul
Israeli tech startup OpenWeb’s abrupt leadership transition has provided some masala this monotonous Monday noon for the internet slogging over at their corporate to relish. Toh bhai ese hua kia, OpenWeb’s founder and (now ex) CEO Nadav Shoval was removed from his position by the board that appointed Tim Harvey as the current CEO. Harvey is also the chairman of the board.
What ensued is an email war between the founder and the company’s board of directors. Shoval’s email came soon after the announcement of Harvey’s appointment as CEO. However, Harvey sent a follow-up email of apology, remarking on a “planned CEO transition process.
” Unicorn OpenWeb announces new CEO, but founding CEO refuses to step down. Board chairman Tim Harvey notified the employees that he will be taking charge as CEO, but founder Nadav Shoval replied by saying he's not going anywhere. https://t.
co/BntEIiXdyF — CTech (@Calcalistech) September 11, 2024 “I have not stepped down as OpenWeb’s CEO.” https://t.co/HnYWaHZClk pic.
twitter.com/CPmHu3ISYx — FORTUNE (@FortuneMagazine) September 14, 2024 Nadav Shoval is refusing to step down from the top job. https://t.
co/zEIdJnkoQK — FORTUNE (@FortuneMagazine) September 13, 2024 #ItsViral | Founding CEO refuses to step down as tech company appoints new leader. Then war of emails begins!🗣️ Read here: https://t.co/k8jB3TgXrp #OpenWeb #TimHarvey — Hindustan Times (@htTweets) September 14, 2024 Taking the beef online, Nadav Shoval stated emphatically I have not stepped down as OpenWeb’s CEO.
” Shoval further remarked that he notified his company earlier over breach of contract. He alleged that the board of directors “ chose to announce leadership transition ” instead of “ addressing the issues, ” which in effect is an “ act against OpenWeb’s best interes t.” He further stated in his tweet, “I do not accept these actions .
” Shoval added that he will continue to fight for OpenWeb’s mission. I have not stepped down as OpenWeb’s CEO. I recently notified the Company that they breached my contract, which was intended to directly call out concerning conduct by the Board of Directors.
Instead of addressing the issues, the Board chose to announce a leadership transition...
— Nadav Shoval (@NadavShoval) September 11, 2024 Netizens are already taking sides in the CEO war, with some siding with the founder. The founder CEO tussle to stay on board a company reminds of similar ouster in major companies, including Steve Jobs, who later was recalled to transform the fate of Apple. Humare apne Doglapan author Shri Shri Ashneer Grover ’s unceremonious exit from BharatPe is still fresh in the memory with all the online mudslinging with the board and co-founders that led to a lawsuit at the Delhi HC.
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