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Douglas Schaedler has resigned as CEO of Innovaro Inc., a publicly traded company based in Tampa.
“Since becoming Chief Executive Officer, my goal has been to strengthen the company's balance sheet and re-position it for growth in the software industry, and I believe that has been accomplished,” Schaedler said in a release.
At the time of Schaedler's departure, Innovaro carried $6.27 million in debt, compared to a market capitalization of $18.9 million. Cash in hand is down roughly 80% since the end of 2006, and total equity has decreased roughly 50% in that time.
Replacing Schaedler in the interim will be Asa Lanum. Lanum has 35 years of experience in the information technology industry, having served as president and CEO for Fortel Inc. for some time.
Innovaro describes itself as “a comprehensive end-to-end innovation solution provider.”
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