There is no indication from the company of a successor being named soon, but perhaps Chardon's sale is a signal. It will be interesting to say where he might surface. Earlier this year, the company amended his contract to amend the noncompete provisions to give him the right to take a competing job outside the United States.Last modified on Friday, 16 August 2013
BLACKBAUD CEO SELLS SHARES Featured
Blackbaud CEO Marc Chardon is cleaning out his share holdings in the maker of not-for-profit software. He sold 307,463 shares of the Charleston, S.C.-based company this month for an aggregate of $10.7 million, which he purchased by the exercise of options of $7.6 million. Chardon is leaving the company as soon as a replacement can be found and sold another large block of shares, 148,974, in May after the exercise of options.