PrecisionHawk, a Raleigh, NC-based commercial drone technology company, announced today that Michael Chasen will take over as CEO.
Bob Young, now former CEO, will retain his position as Chairman of the Board. Christopher Dean, cofounder and president, and Ernest Earon
, cofounder and CTO, will remain in their current roles.
“The team at PrecisionHawk has built the world-beating drone-based data collection and analysis platform,” says Lia Reich, vice president of marketing and communications at PreicsionHawk. “Now comes the hard part ― scaling our company to properly serve the avalanche of new partners and customers from across the globe who are reaching out to us to help them solve their data analysis challenges.”
The shared goal of both Young and PrecisionHawk’s board of directors was to find an experienced technology CEO in order to guarantee a smooth transition, as well as the continuing expansion of technology offerings and the company’s ability to serve new markets, says Reich. Michael Chasen was the perfect fit.
Let’s get to know PrecisionHawk’s new CEO, Michael Chasen
Who is he:
Chasen has experience building platforms and scaling global companies. He was the founder and CEO of SocialRadar, a mapping startup that was acquired by Verizon in November 2016, and Blackboard, an education technology platform that went public and was sold to Providence Equity Partners for $1.7 billion in 2004.
Why he joined a more-established company, rather than start something new:
“I never felt the need to come up with the ideas on my own. I always thought the great opportunity was to help build
the company and go after these opportunities. When I came across what PrecisionHawk was doing, I thought it was very relevant to the past experience that I had and I thought, quite frankly, it would be a great combination.”
“I was just so impressed, not just with the technology ― certainly with the technology ― but really more so with just the passion and focus and vision of the team.”
Chasen first came across PrecisionHawk while looking into improving the mapping services of SocialRadar. A few months later, while he was in the midst of selling SocialRadar to Verizon, PrecisionHawk reached out to him about the potential for working at the company.
“The people here don’t just work in the drone industry, it’s also their hobby. It’s just such a great, passionate group of people, and to me that’s always one of the most important things about joining [a] company.”
Chasen believes drones will fundamentally change the way many businesses operate, and that thrills him.
“Being in not only an early-stage company, but an early-stage industry — that comes around very rarely."