Friday, January 23, 2009

OCTANe's Augusta To Leave

Orange County's effort to boost startup and high tech companies, OCTANe, is losing its President and CEO, Gary Augusta, and has retained an executive search firm to find a replacement, the group said Thursday. In a letter to OCTANe's mailing list, Augusta said that the organization has started a search for his successor, and retained Spencer Stuart to run a formal search. Augusta will continue to serve as CEO until a new CEO is found. According to Augusta, he is looking to leave because OCTANe has moved out of the "start-up" phase, and that he wanted to "pursue new potential opportunities."

---