BUSINESS

Carl Theobald, President and CEO Avangate

Avangate, a developer of ecommerce solutions, appointed Carl Theobald as the company’s Chief Executive Officer (CEO) and President, Mediafax reports. He succeeds Carmen Sebe, who has led the company since 2005, and will now assume the role of Chief Operations Officer (COO). The new CEO, with over 20 years of software experience, will head Avangate during a period of company investments seeking stepped-up growth in online commerce and distribution partner management, two sectors undergoing fast growth.

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