Silicon-Valley based Endeavor Entrepreneur Vinny Lingham has resigned from his position as CEO at Yola to pursue a new startup venture. Lingham, who began his entrepreneurial career in South Africa, will remain on Yola’s board, but will step back from executive leadership of the company while focusing on his new venture, Gyft, an online service which promises “to change the way you think about gift cards.” The service will launch in May, and is offering early signup for members.
Yola, which had over a million users in 2009, will be replacing Lingham as CEO with current President and Chief Operating Officer Trevor Harries-Jones, who joined the company four years ago. “Trevor has demonstrated excellent leadership over the past year, driving Yola into its next phase of exciting growth,” said Jason Young, Chairman of the Yola Board. “The Board congratulates Trevor in his new role and for his tireless efforts in building Yola.”
“I am very enthusiastic about the continued strong growth and prospects for Yola,” says Harries-Jones. “My immediate focus will be on completing the release of our new suite of exciting, high-quality, next generation products to our rapidly growing customer base, and on continuing to manage and expand our strong distribution partner platform.”