Ryan Holmes exits as Hootsuite’s CEO

Ryan Holmes, the founder and current chief executive officer of Hootsuite has announced his exit as Hootsuite’s  CEO.

Stepping down after almost 10 years as CEO, Holmes will be moving to the executive chairman position once the right person is chosen, he announced on Twitter today.

Speaking to the Financial Post, he said an IPO or a sale is still a possibility, but the primary mandate for the new chief executive will be to expand the company’s product offerings, explore possible acquisitions and further strengthen the business.

“And if we do well at that…we will ultimately be rewarded, whether it is an IPO or through inbound interest through M&A, but that’s not going to be the prime focus of the successor,” Holmes said.

Ryan Holmes founded Hootsuite in 2008 and has helped the company form many partnerships throughout the years.

More recently, Hootsuite announced its partnership with Proofpoint – a leading cybersecurity and compliance company – to deliver real-time predictive compliance for customers in regulated industries. This feature, announced Oct. 28, will put up the guardrails, and give Hootsuite’s customers in regulated industries the confidence to empower their people to capitalize on the power of social media to achieve their business objectives, particularly around social selling.

“It’s been an honour of my lifetime to lead Hootsuite from a small company to a global enterprise of more than 1, 000 employees supporting over 200, 000 organizations,” Holmes wrote in a tweet thread.

Hootsuite was branched out from Invoke Co. – a 2000-born interactive agency specializing in web application development, social networking, social marketing through a variety of sectors.

Creator of Hootsuite, Memelabs, Vidrollr and many other stealth incubation projects, Invoke Media was also created and started by Holmes. He currently serves on the board of directors of Invoke.

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Pragya Sehgal
Pragya Sehgal
Born and raised in the capital city of India - Delhi - bounded by the river Yamuna on the west, Pragya has climbed the Himalayas, and survived medical professional stream in high school without becoming a patient or a doctor. Pragya now makes her home in Canada with her husband - a digital/online marketing fanatic who also loves to prepare delicious meals for her. When she isn’t working or writing around tech, she’s probably watching art films on Netflix, or wondering whether she should cut her hair short or not. Can be contacted at [email protected] or 647.695.3494.

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