Is it Groundhog Day? Indeed replaces its current CEO with its previous CEO. | ep104

Big news from the (by far) biggest job board in the world. Indeed just announced that its CEO, Chris Hyams, is leaving effective immediately and being replaced by his predecessor, Hisayuki (“Deko”) Idekoba.

No reason was given. Deko will remain president and CEO of Indeed’s parent company, Recruit Holdings. He already lives in Austin, Texas, where Indeed is located.

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.”

Cohost Peter M. Zollman of the AIM Group thinks Deko will be CEO temporarily and will be replaced by Christian Sutherland-Wong, 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.