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Change at iSCSI SAN startup Intransa Inc. reached the top today when Tom Alexander replaced Avi Katz as CEO (see Intransa Changes CEOs).
Alexander joins Intransa from one of its VCs, U.S. Venture Partners. He was also CEO of optical networking startup LuxN when it was purchased by Sorrento Networks in 2003 (see Sorrento Bids for LuxN and Sorrento Completes LuxN Buy).
Intransa has been in a state of flux for months, as defections left the company scrambling for new talent while the IP SAN market was heating up. Doug Rainbolt joined as marketing VP in April and Nitin Donde signed on as engineering VP in May to replace execs who departed earlier in the year (see Intransa's in Transition and Intransa Appoints Engineering VP).
People close to Intransa have speculated for months that Katz would be sent packing to try and stabilize the ship. Today, that finally happened. According to Eric Benhamou, who is chairman of 3Com Corp. (Nasdaq: COMS) and has been chairman of Intransa since it started in 2000, it was time to find a CEO with different skill sets. He says Intransas situation is different than when Katz joined in 2003, when the iSCSI market barely existed (see Intransa Lands a Third CEO).
When Avi was recruited into the company, we didnt have a product yet, Benhamou says. Building a startup is like a relay race, and different people play different roles in different legs. We need somebody with different skill sets now.
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