Bob Young, the co-founder of Red Hat and self-publishing firm Lulu, has stepped aside as CEO of Raleigh-based drone tech firm PrecisionHawk. Replacing him is Michael Chasen, the co-founder of ed tech firm Blackboard.

Young, who had invested in PrecisionHawk before being asked by its founders to become CEO, remains chairman of the startup’s board.

Chasen told The Triangle Business Journal that he was contacted by a recruiter seeking candidates to replace Young.

The change was announced Wednesday.

After helping take Blackboard public he later started mobile tech firm SocialRadar, which was acquired by Verizon.

“Michael is a talented and experienced CEO with remarkable success in architecting and scaling a technology platform,” Young said in a statement. “Under his leadership, PrecisionHawk is well positioned to expand its technology offerings and optimize the integration of its platform into the existing business processes of its clients.”

Read more at:

http://www.bizjournals.com/triangle/news/2017/01/25/precisionhawk-taps-blackboard-founder-as-new-ceo.html

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http://www.newsobserver.com/news/business/article128656199.html#storylink=cpy