Predictiv AI names its Chairman Jim Grimes as interim CEO

Predictiv AI (CVE:PAI) (OTCMKTS:INOTF) (FRA:71TA) said its board of directors has appointed chairman Jim Grimes as interim president and CEO following Michael Lende’s resignation effective July 30, 2021.

The technology company said Lende made the “difficult decision” to step down as president, CEO and board director due to personal family matters. He has committed to ensuring a smooth transition of responsibilities over the next few weeks and has agreed to be available for advisory and consulting services, the company added.

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Grimes, who will retain his role as chairman, previously opened and led the Canadian division of three early-stage Silicon Valley-based telecom start-ups, including Stratacom Inc (Cisco), Xylan Inc (Alcatel) and Access 360 (IBM).

He subsequently led, in concert with the Cisco Canada leadership team under Nitin Kawale, the creation of Cisco Canada Venture Fund to drive Canadian innovation. This was Cisco Global Ventures’ first fund outside the US, and they successfully built and deployed $150 million in the Canadian venture ecosystem.

Most recently, Grimes was vice president for Product Solutions within the Enterprise Business Unit at Rogers and, leveraging his vast and deep relationships in the C-suites of Canadian business, advised companies such as Next Pathway Inc on their corporate growth, acquisition and exit strategies.

“On behalf of the board, I would like to thank Michael for his dedication and stewardship of the company over the past 15 months” Grimes said in a statement.

“Predictiv AI will continue to pursue our business strategies and to build our business,” he added.

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Story by ProactiveInvestors