Hootsuite founder Ryan Holmes is back as interim CEO, replacing Irina Novoselsky
The CEO of Hootsuite has stepped down after spending the last several months defending a contract between the company and a controversial U.S. government department, making way for the firm’s founder to return on an interim basis.
Irina Novoselsky’s departure and Ryan Holmes’ return were both announced Monday in separate LinkedIn posts, which made no mention of the recent criticism that has engulfed the company.
Holmes said he “couldn’t be more thrilled to be back.” Novoselsky said she was “incredibly grateful” to have led Hootsuite but now she has restored Hootsuite to profitability, she and the board felt it “is the right moment for a leadership transition.”
Holmes founded the Vancouver-based company, which makes social media marketing tools, in 2008. He ran the firm until 2019, when he stepped down. Media reports at the time said Holmes had been shopping around the business for $750 million but failed to find a buyer.
