Appointed interim chief executive and president in March, Jill Smith has now been made the permanent head of the commercialisation firm.
US-based commercialisation firm Allied Minds today announced it has made Jill Smith (pictured) its permanent chief executive and president, following her appointment in interim capacity in March.
Smith replaced co-founder and CEO Chris Silva two months ago, having previously served as a non-executive director of Allied Minds since January 2016.
Established in 2004, Allied Minds generates, funds and manages spinouts of universities and US federal research facilities.
Allied Minds has had a tumultuous few months since Smith took over, following a $146.6m writedown on the value of seven businesses in April that sent the firm’s shares tumbling.
Peter Dolan, chairman of Allied Minds, said: “We are delighted to confirm Jill’s appointment as president and CEO of Allied Minds. Jill has extensive operating experience, including most recently as CEO of DigitalGlobe where she reset the business direction to successfully drive growth and led the company through its successful IPO.
“Her accomplishments align with our overarching priority at Allied Minds: to deliver shareholder returns by driving accelerated commercialisation and monetisations at our key subsidiaries, and building a growth engine of new investments.”
Jill Smith said: “I am thrilled to be appointed president and CEO of Allied Minds. In the time that I have been interim CEO I have been impressed with the industry leading position of our key subsidiaries, power of our origination platform and the passion and dedication of the team.
“I am excited by our future prospects and look forward to delivering on our evolving strategy to enhance shareholder value.”
– Image courtesy of Allied Minds
