Is it Groundhog Day? Indeed replaces its current CEO with its previous CEO

Big news from the (by far) biggest job board / recruitment marketplace in the world. Indeed just announced that its Chief Executive Officer, Chris Hyams, is leaving effective immediately and being replaced by his predecessor, Hisayuki Idekoba, better known as Deko. No reason was given for Hyams' departure.  Deko will remain president and CEO of Indeed’s parent company, Recruit Holdings Co. Ltd. He won't be relocating to Indeed's headquarters in Austin, Texas, however, as he's lived there for years. As reported by the AIM Group, "Deko led the acquisition of Indeed by Recruit Holdings in 2012, and served as CEO and president from 2013 to 2019. Hyams followed Deko as Indeed CEO. He joined the company as VP of product when it had 130 employees. In his note to the Indeed team, Hyams said traffic to the company has increased 15x and revenue has grown 200x."  Our cohost, Peter Zollman of the AIM Group, speculated that Deko will only be CEO temporarily and be replaced by Christian Sutherland-Wong the CEO of Indeed's sister site, Glassdoor. Steven Rothberg of College Recruiter speculated that Deko will be replaced by Chris Forman, who was the CEO of Appcast until he stepped aside at the end of 2024 in favor of Matt Molinari.  Learn more about your ad choices. Visit megaphone.fm/adchoices