Estimated reading time: 0 minutes, 48 seconds

CEO PARKER LEAVING DELTEK

Kevin Parker, DeltekKevin Parker is leaving Deltek after seven years as CEO on Friday, December 7.  Mike Corkery, CFO of the software company, will serve as acting CEO. We were told that the private equity investment firm Thoma Bravo, which bought the company in October, tends to buy companies with management it likes.

But we probably should not be terribly surprised at this move since it occurred less than two months after the deal closed. The announcement did not say that Parker had a new job or that he was leaving to pursue other opportunities, but I would imagine he leaves the now privately held company with a decent check in his hands. The press release was a love fest in which Parker and Corkery applauded each other for their leadership. The acquisition by Bravo was valued at $1.1-billion acquisition. Parker's career in the top spot was book-ended by the fact that he took the company public and then helped take it private.

 

 

Read 1675 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.