Photo: ShutterstockGeneral Counsel, Chief Financial Officer Take Over as Co-CEOs of Allied Minds
Mike Turner, executive vice president and general counsel, and Joseph Pignato, executive vice president and chief financial officer, took on the role of co-CEOs on Monday.
June 10, 2019 at 04:20 PM
2 minute read
The general counsel and chief financial officer of Boston-based Allied Minds took over as permanent co-CEOs of the intellectual property commercialization company, according to a filing on Monday in the London Stock Exchange.
Mike Turner, executive vice president and general counsel, and Joseph Pignato, executive vice president and chief financial officer, took on the role of co-CEOs on Monday. Jill Smith, who served as CEO since March 2014, retired Monday to serve on the board of directors at different companies.
Board chairman Peter Dolan said the company has grown under Smith's leadership.
“As a result of steps taken under her leadership, we now have three technology companies on the cusp of commercialisation, all supported by leading strategic and financial partners,” Dolan said in the filing.
Turner will continue to serve as general counsel and Pignato will continue to serve as chief financial officer in addition to their new responsibilities.
In a joint statement in the filing, Pignato and Turner said their sole focus is to maximize the value for shareholders.
“We will continue to aggressively pursue all monetisation options, balancing the requirement to deliver cash to our shareholders, against the overarching objective to maximise shareholder returns from a portfolio that includes some extremely promising assets,” Pignato and Turner said in the statement. They were unavailable for additional comment.
Dolan said he is happy to have Turner and Pignato serve as co-CEOs.
“Their combination of transactional expertise, understanding of our portfolio, key relationships, growth experience and track record of generating portfolio liquidity events, as well their complementary legal and financial skill-sets, make them the ideal pairing to execute on the monetisation strategy,” Dolan said in the filing.
Turner began working as the general counsel at Allied Minds in May 2014. He has also worked as a partner at DLA Piper and Goodwin Procter. He graduated from the Albany Law School in 1998.
Pignato became the CFO of Allied Minds in August 2015 and has also served in CFO roles at Charles River Ventures and Upserve.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Google Fails to Secure Long-Term Stay of Order Requiring It to Open App Store to Rivals
'Am I Spending Time in the Right Place?' SPX Technologies CLO Cherée Johnson on Living and Leading With Intent
9 minute read
'It Was the Next Graduation': How an In-House Lawyer Became a Serial Entrepreneur
9 minute read
Renee Meisel, GC of UnitedLex, on Understanding and Growing the Business
6 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
