(WEB HOST INDUSTRY REVIEW) — Web hosting provider NaviSite (www.navisite.com) announced on Monday that Arthur Becker has resigned as CEO of the company, effective immediately.
Becker will be succeeded by Navisite’ current president Brooks Borcherding, who will now take on the title of CEO along with its corresponding duties.
Becker will also continue to serve as a member of NaviSite’s board of directors.
“I am proud of the company we have built and the team that I have had the privilege to lead during the past 8 years,” says Becker. “With the divestitures of non-strategic assets and the deleveraging of our balance sheet during this past year, I look forward to a new pace of organic growth in enterprise hosting and cloud services under Brooks’ leadership.”
Becker’s resignation comes a week after the NaviSite board turned down a takeover bid from part-owner Atlantic Investors, which has a 36 percent stake in the company.
Becker is a managing member of Madison Technology, which is a managing member of Atlantic.
Last week the board said it “will continue to consider strategic alternatives available to NaviSite, including maintaining NaviSite as a standalone public company.”
Borcherding first joined NaviSite in April 2009, where he served as its senior VP of sales and chief revenue officer, before eventually being promoted in March to president.
In the past, Borcherding served as the strategy, planning and operations director of Cisco Systems, as well as the global solutions director of Avaya.
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