Washington, D.C. (PRWEB) March 07, 2013
Today, in a letter to the membership of the National Venture Capital Association (NVCA), President Mark Heesen announced his decision to retire after successfully leading the Association for the past 22 years. Earlier this year, Mr. Heesen informed the Board of Directors and the staff of his intention to complete his tenure as President and support the transition to new leadership in whatever way possible. In his letter, Mr. Heesen thanked the venture community for the opportunity to represent them, also acknowledging the work and travel required in his long-time role, saying:
“Words cannot express what a privilege it has been to lead and advocate for the venture capital industry for the past 22 years. It has been an incredible ride, one that has seen tremendous progress and change in our industry and in Washington D.C. And personally, I have deposited well over a million frequent flyer points in my account, a milestone that has me looking forward to more time at home with my wife Stacy and my daughters Claudia and Amelia.”
The NVCA Board of Directors was quick to praise Mr. Heesen and recognized the important task at hand in identifying his successor.
“Through his visionary leadership and tireless advocacy, Mark has contributed immeasurably to the venture capital industry over the last several decades,” said Ray Rothrock, partner at Venrock and chairman of the NVCA. “Even in approaching this decision, he has been incredibly thoughtful and forward looking, making sure that the Board was well informed and positioned to begin a deliberate and orderly transition.”
No formal time table for installing new leadership has been set. Mr. Heesen will remain President until such time as the transition process is complete. He will participate in the search and selection committee, alongside NVCA board members and the firm Russell Reynolds who has recently been retained to identify candidates for the position.
Josh Green, partner at Mohr Davidow Ventures and NVCA chairman-elect understands both the challenges and opportunities associated with such a leadership change:
“Mark will leave the NVCA with such a strong legacy, one which he earned over many years of dedicated service,” Green said. “And while he will never be truly replaced, we are confident in our approach to finding an individual who will lead the next generation of venture capitalists through what promises to be interesting and uncertain times, all in the same spirit and with the same commitment and integrity that Mark demonstrated during his tenure.”
Mark Heesen’s full letter to the NVCA membership can be found here.