Terry Petrzelka, who founded international Dynamics reseller Tectura, is retiring from the company he founded in 2001. Petrzelka will remain with the company during the next three months with his day-to-day responsibilities being assumed by Duane Bell, the COO, who becomes CEO and president. The announcement included a statement from Jerry Poch, managing director of FirstMark Capital, which was described in a prepared statement as the Company's largest investor. Poch becomes the chairman of the company's board of directors. Despite the kind words, having an investor take over the board chairmanship has the suggestion that the money people aren't completely happy with what has happened to their money. However, Petrzelka says he's wanted to do this for three years and the economy hadn't made that possible, so there's a message of optimism in his statement, I think. It's clear Tectura would like to have gone public a few years ago, but market conditions interfered.
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CEO PETRZELKA LEAVING TECTURA
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