March 7, 2013 – The founder of online job search and software company Snagajob said he will maintain an active role in the company even though he is stepping aside as its CEO.
Shawn Boyer, who started Snagajob in 2000 and has led the often praised company ever since, is relinquishing day-to-day management duties to a 25-year tech industry veteran with experience building startup ventures into global firms.
The Henrico County-based company also said it might conduct an initial public offering of stock in the next two to three years.
“These next two years are going to be very critical for us to do the things we need to do to make the next step as a company,” said Boyer, who will become Snagajob’s chairman.
Replacing him as CEO in April will be Peter Harrison, the former chief executive of McLean-based GlobalLogic, a software research and development services company. During Harrison’s tenure as CEO from 2002 to 2012, GlobalLogic grew from 20 people to more than 6,000 workers with international operations. He is GlobalLogic’s current board vice chairman.
The change will allow Boyer to focus his time on strategy and long-term business development, he said. “It will be an active chairman role,” Boyer said. “I will be here every single day. I will be able to spend more time with clients and prospects.”
Boyer, the U.S. Small Business Administration’s National Small Business Owner of the Year recipient in 2008, said the timing was right to hire a new CEO because Snagajob is considering an IPO in the next two to three years. “There is no guarantee that will happen, and it is not the end-all and be-all for us as a company,” he said. “But it is one of the ways for us to continue to maximize the potential opportunities we have.” The company needed a CEO with a “proven track record” of building businesses from small to midsize operations into much larger ventures, Boyer said.
Snagajob is the nation’s number one source for hourly employment. The company’s employer solutions help streamline the complex hourly hiring process so managers can focus on the people and not the paperwork. The company has more than 40 million registered online users and has helped 45,000 businesses recruit and hire employees.