The founder and former Chief Executive of Domo will once again be running the company with a fresh team around him.
News of the executive reshuffle arrived as the company revealed its better-than-expected Q4 financial results. Evidently, the changes at the top were not masked by the positive financial results, as the company’s stock took a tumble soon after.
Josh James, who replaces John Mellor, has given no explanation as to why he has chosen to return, mirroring his exit last year.
The Former CEO and Director of Domo, John Mellor, has stepped down from both of these roles.
Mellor gave his parting words, following four years with the company: “It has been an honor and a privilege to be part of the Domo team for nearly four years and to lead as CEO for the past year.
"Domo has a highly engaged, talented team that operates with incredible commitment and integrity.
The team’s dedication to our customers is among the many reasons that I am confident Domo will continue to be a market disruptor as we bring innovative solutions to customers.
Domo was founded by John James in 2010, who helped to make the company a serious figure in the BI software industry, taking it public eight years later. James mysteriously chose to step down as CEO without providing any explanation at a time the company was taking off.
Last March, James was replaced by Mellor, Domo’s Chief Strategy Officer, who will now exit with the same unanswered questions as when he took up the role.
Speaking after his return to CEO, Josh James, Domo Founder and Chief Executive Officer, said: “I am encouraged and invigorated to lead Domo as CEO once again and take our company to the next level.
"Over the past year, John and the team have delivered substantial customer value, and John has structured the management team in a way with which I’m very pleased.
"Thanks to his hard work and stewardship, Domo has a sizeable and healthy pipeline with strong demand for our products and services continuing into 2023. I join my fellow directors in wishing him all the best.
