The Vesdia Corporation, which runs several rewards programs including BabyMint, NestEggz, and StockBack, announced today that Peter Davis, their founder, CEO, and President since the company’s start in 2000, would relinquish his position as CEO (but remain on as President). The new CEO is James Douglass, a current Vesdia board member.
Interesting, and indicative of some discontent on the board with the company’s leadership and direction. Changes are afoot at Vesdia, so expect some changes at their rewards programs as well.
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Don’t they also run Citi’s cash back and ThankYou points portals?