After a prolonged public search (reported both here and at TechCrunch), the Pied Piper Board of Directors has reinstated founder Richard Hendricks as its CEO. Board member and managing partner Laurie Bream stated via press release that it was “an examined decision, but ultimately the correct one, once one looks at Richard Hendricks’ qualifications, talents as an engineer and his understanding of the company’s needs. We are thrilled to have Richard back in this leadership position in which we expect him to excel.”
Hendricks was transitioned to the CTO position earlier this year when CEO legend Jack “Action Jack” Barker joined the company. Poised to take Silicon Valley by storm, the company had both impressive tech and impressive leadership; however, the company failed to make any visible moves toward a product release, and Barker recently resigned as CEO to focus on family. Where Hendricks will take the company remains to be seen, but Hooli’s recent acquisition of Endframe, a middle-out compression platform company, could indicate that Hendricks’ reinstatement as CEO is a move in that direction.