Video surveillance solutions manufacturer IQinVision announced Thursday that long-time President and CEO Pete DeAngelis is stepping down from his position.
According to a statement, Gary Sutton, a member of the company’s board of directors has been named interim CEO. DeAngelis will remain on the company’s board.
"Pete has been here from the very beginning," said IQinVision CFO Charles Chestnutt. "He was the driving force taking us from nothing to positioning us as a leader in the megapixel IP camera space. Pete is a real entrepreneur and he understands that new technology and leadership is needed to take the company into its next growth phase. We are grateful that he will continue to provide key strategic counsel as we launch this next phase in IQinVision’s evolution and growth."
DeAngelis will still be in attendance at the ASIS 2011 conference next week in Orlando with the company’s other top executives.