Photo: Stream’s incoming Chairman, Mark “Bouncer” Schiro.
Stream board member and former CEO Mark “Bouncer” Schiro is transitioning to the role of chairman, the services provider said Tuesday.
Schiro succeeds Rob Snyder, who co-founded Stream with Pierre Koshakji in 2004. “After 13 years in this role, now is a good time for others to take the lead in respect of Stream’s future direction and growth,” Snyder said in the company’s announcement. The outgoing chairman remains a non-executive board member and Stream’s largest equity holder.
“On behalf of the board, I want to thank Rob for his many contributions to Stream over his distinguished career, including his time as chairman,” said independent board member Donald Kendall.
Based on his background with the company, Schiro is “uniquely suited” to chair the board, said Kendall. “His prior experience with Stream, including as its chief executive officer, is a testament to his ability to partner with management and be a key architect for growth.”
During his tenure as CEO, which began in 2011, Schiro helped to position Stream for expansion and diversification, building upon its core energy offerings with categories like Mobile Services and Protective Services. When he stepped down earlier this year, Stream appointed former CompUSA executive Larry Mondry as chief executive.
“I am fortunate to transition into the chairman role following Rob’s strong oversight for many years,” said Schiro. “Stream has many opportunities to continue to profitably grow, and I am committed to supporting CEO Larry Mondry and his management team to drive long-term value for Stream employees, Associates, customers, and stakeholders.”