William Colleran resigned as CEO of Impinj on Monday, with co-founder and CTO Chris Diorio taking the helm.
“After almost 14 years at the helm of Impinj, I’m moving on,” wrote Colleran in an email message sent today. “I enjoyed my tenure as Impinj’s CEO, and I’m proud of our accomplishments, becoming the market and technology leader in the RFID and Item Intelligence industry.”
The former Broadcom exec added that he’s now looking for his “next opportunity to have an impact in the technology world.”
In addition to Diorio, the board appointed Eric Brodersen to the position of president and COO. He had served as executive vice president of sales and marketing. Evan Fein remains CFO.
Impinj, a maker of RFID technologies, has weathered several setbacks over the years. But in an interview with GeekWire earlier this year, Colleran said that the profitable company was bouncing back with record revenue.
“Slowly, but surely it is becoming commonplace,” said Colleran of the company’s RFID tags being used in retail at Walmart and Macy’s. “We are not where we want to be, but we are starting to get there.”
Over the years, the company had raised more than $115 million in venture funding from Madrona, Arch Venture Partners and others. At one point, it even filed to go public, but pulled the plug on those plans in 2012.
