Blackboard CEO Chasen to step down; Progress Software chief set to take over in January
Blackboard has named Jay Bhatt, currently CEO at Progress Software, as its new chief executive. Bhatt will replace founder and chief executive Michael Chasen, who will step down at the end of the year. Chasen founded Blackboard in 1997.
“We’ve been focused on expanding the vision for how Blackboard can support clients and position the company for growth,” Chasen said in a statement. “With that vision now coming into focus and our infrastructure in place, now is the time to bring onboard a new CEO to help the company take the next steps to capitalize on the global education opportunity.”
Bhatt will step down as Progress Software (NASDAQ: PRGS) CEO in December. Before joining Progress Software, he served as senior vice president of Autodesk Inc.