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Posted 15 April, 2024

Skillsoft Corp. appointed Mr. Hovsepian as new CEO

NYSE:SKIL appointed new Chief Executive Officer Mr. Hovsepian in a 8-K filed on 15 April, 2024.


  Mr. Hovsepian will succeed Jeffrey R. Tarr as principal executive officer, who will retire from the position of Chief Executive Officer effective as of April 16, 2024 (the "Transition Date").  

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Overview of Skillsoft Corp.
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Skillsoft Corp. engages in the provision of enterprise learning solutions. It operates through the Skillsoft Content and Global Knowledge segments. The Skillsoft Content segment is involved in the sale, marketing, and delivery of its content learning solutions, in areas such as Leadership and Business, Technology and Developer, and Compliance. It also includes technical skill areas assumed in the Codecademy acquisition. The Global Knowledge segment offers training solutions covering information technology and business skills for corporations and their employees. The company was founded on August 8, 1998 and is headquartered in Nashua, NH.
Market Cap
$93.1M
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Skillsoft Corp. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On April 9, 2024, the Board of Directors of Skillsoft Corp. (the "Company") appointed Ronald W. Hovsepian as the Company's Executive Chair and principal executive officer, effective as of April 16, 2024. Mr. Hovsepian had recently been named to take over the Chair position from the Company's prior Chair, Patrick Kolek. Mr. Hovsepian will succeed Jeffrey R. Tarr as principal executive officer, who will retire from the position of Chief Executive Officer effective as of April 16, 2024 (the "Transition Date"). Mr. Tarr has also resigned from his position as a member of the Company's Board of Directors effective as of the Transition Date. Mr. Tarr will remain employed as an advisor to the Executive Chair of the Company following the Transition Date until May 9, 2024, on which date his employment with the Company will terminate.


Mr. Hovsepian 63, is currently the Chairman of Skillsoft's Board of Directors and the Executive Chair and principal executive officer designee and has a wealth of executive leadership and operational experience in the technology and software industries. Ron has served as a Skillsoft Board member since 2018.


From September 2020 to January 2024, Ron served as President and Chief Executive Officer of Indigo Ag, a leader in sustainable agriculture solutions. Prior to Indigo Ag, Ron served as Executive Chair of Skillsoft from 2018 to 2021, and as Executive Partner at Flagship Pioneering, the founding company of Indigo Ag, from 2018 to 2021.


Previously, Ron served as President and Chief Executive Officer of Intralinks, Inc. and President and Chief Executive Officer of Novell, Inc. Before Novell, Ron spent several years in venture capital directly assisting companies at each stage of development, from early ideation through growth phases, while serving as a board member. He started his career at IBM and served in many executive positions over approximately a 16-year period.


He is currently Chairman of the Ansys Board of Directors, on which he has served since 2012.


Ron received a Bachelor of Science degree from Boston College.


The Board has determined that Mr. Tarr will receive severance benefits in accordance with the terms, and subject to the conditions, of the Second Amended and Restated Executive Employment Agreement by and between Mr. Tarr and the Company, dated as of December 3, 2023, a copy of which has been filed as Exhibit 10.7 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2024 (the "Annual Report").