MORRISVILLE – Serial entrepreneur Scot Wingo will no longer serve as executive chairman of ChannelAdvisor, the company he co-founded in 2001 and served as CEO up until 2015.
Wingo confirmed to WRAL TechWire on Monday that he has stepped down, but will remain on the board.
“Tim Buckley, [who] has been on board since 2004, will take over as Chairman,” he said.
ChannelAdvisor is a provider of cloud-based e-commerce solutions that work to increase sales worldwide for companies and brands including Clarks, KitchenAid, Timex, Target and more.
The Morrisville-based company went public in 2013.
A year later, Wingo co-founded the on-demand car care, technology and services company, Get Spiffy, with Karl Murphy.
He moved over to run that company full-time in 2015.
“ChannelAdvisor needs a chairman that can spend a lot more time than I can because I am pretty maxed out with Spiffy,” said Wingo.
“Tim is retired and has more time than me to commit to the role, so we are essentially switching roles. I am moving to standard board member, he is moving to chair.”
Meanwhile, it is all systems go with Spiffy. In November, the startup doubled in size overnight after it acquired another one of its competitors, Your Location Lubrication.
Spiffy now operates in 20 markets with more than 200 vans and 300 technicians.
“We’re busy integrating the acquisition,” said Wingo. “We’re coming up on 30 days and have made a lot of progress already.”