Just over four years after Providence Equity Partners acquired Blackboard and three years after they brought in Jay Bhatt to replace co-founder Michael Chasen, the company hired Bill Ballhaus as its new CEO at the beginning of January. 100 days in, Ballhaus is starting to make changes to the organization and providing some insights into future corporate directions. […]
CEO
Blackboard Replaces CEO Jay Bhatt: What happened
Just over four years since Providence Equity Partners acquired Blackboard and three years after they brought in Jay Bhatt to replace co-founder Michael Chasen, the company announced another change in CEO. Blackboard has removed Jay Bhatt and replaced him with Bill Ballhaus. The official reason from the announcement: Today, we are fortunate to be joined […]
Partial Transcript: Richard Levin (new Coursera CEO) on Charlie Rose
I have written two posts recently about Coursera’s appointment of the former president of Yale as the company’s new CEO, with the implicit argument that this move represents a watershed moment for commercial MOOCs. In particular, Coursera seems likely to become the third generation of Richard Levin’s dream, following AllLearn and Open Yale Courses. I’ve […]
CEO Transition at Blackboard is Latest Move in Corporate Turnaround
On Monday of this past week Michael Chasen announced that he is leaving Blackboard, the company he co-founded in 1997 and has led as CEO since 2001. Blackboard simultaneously announced the appointment of Jay Bhatt, a software industry executive as the immediate replacement. As Rip Empson has noted in TechCrunch, this is the end of an […]