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CEO Departures at SciQuest, Basware: Some Personal Musings

Categories: Industry Analysts, Procurement, Solution Providers Tags: L1, technology There’s leadership change in the air at two of the larger procure-to-pay (P2P) technology providers. Earlier today, SciQuest announced that Robert Bonavito had replaced Stephen Wiehe as CEO, coming on the heels of of Accel-KKR’s $509 million buyout of the provider earlier this summer. And on Monday, Basware announced that Esa Tihilä, who had been CEO for the past five years, “during which time the Basware share price has more than doubled,” had stepped down and Vesa Tykkyläinen, who previously served as senior vice president of Basware’s Network Business, and before that was an executive at Nokia, had taken the helm.
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