President of US industry body the National Venture Capital Association (NVCA) Mark Heesen is set to retire after spending 22 years in the venture capital industry.
Earlier this year Heesen told the board of directors and the staff that he intended to complete his tenure as president and support the transition to new leadership.
The NVCA said it has not has not set any formal timetable for finding a replacement and Heesen will stay in his role until one is found and the handover is complete.
Josh Green, partner at Mohr Davidow Ventures and NVCA chairman-elect, said, “[Heesen] will leave the NVCA with such a strong legacy, one which he earned over many years of dedicated service.
“And while he will never be truly replaced, we are confident in our approach to finding an individual who will lead the next generation of venture capitalists through what promises to be interesting and uncertain times.”
Back in December the NVCA said that despite the challenges of 2012 looking to continue into 2013 , improvements are expected in areas such as information technology, emerging markets such as Latin America, and startup company job growth.
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