Connect's New Leadership Set to Drive Growth Forward
Rick Valencia, Seasoned Entrepreneur and Connect Board Vice Chair, Steps into Interim-CEO position
Connect is entering an exciting new phase of leadership and growth as the organization prepares for a dynamic transition in its executive roles. This moment marks a critical shift in the organization established to nurture life science and technology innovation communities.
Recently, Mike Krenn and Christie Marcella, key figures in Connect's leadership, have decided to move on to new challenges while still remaining on the Board of Directors. Their contributions over the years have elevated Connect to unprecedented heights, leaving the organization not only financially robust but also well-equipped with a dedicated team poised for future accomplishments.
James Mackay, the newly appointed Board Chair, lauds their efforts, noting that under their stewardship, Connect transformed the landscape of investment in the region, generating a thriving $5 billion ecosystem. The strong foundation laid by Krenn and Marcella sets the stage for further advancements within the innovation ecosystem.
In this transition, Rick Valencia steps in as Interim CEO, bringing with him a wealth of experience from over fifteen years as a board member of Connect. His extensive background in technology and life science leadership will be instrumental as he oversees continuity in Connect's innovation programming and events during this transition period.
Valencia's Vision for Connect
Rick Valencia expresses a blend of optimism and determination about the next steps for Connect. He emphasizes the invaluable contribution made by Mike and Christie while looking forward to furthering the organization's innovative initiatives within the community. Valencia's experience aligns perfectly with Connect's mission, and he is upbeat about collaborating with the dedicated team to foster collaboration among community networks.
As innovation continues to drive the economy of the San Diego area, the leadership transition is anticipated to enhance Connect's stature. The organization has been pivotal in shaping the innovation landscape over its forty-year history, and with a clear strategy ahead, the possibilities seem endless.
A Legacy of Innovation at Connect
Since its inception in 1985, Connect has been at the forefront of fostering economic growth in the region. Committed to building a network of entrepreneurs, innovators, and researchers, Connect has played a crucial role in transforming San Diego into an innovation hub.
The organization’s flagship programs continue to attract attention. For instance, the Cool Companies program has become a hallmark of venture capital engagement, drawing numerous investors to the region and spotlighting promising startups. Since its launch, these companies have secured over $900 million in Series A funding.
Innovation Day: A Gathering of Minds
In 2022, Connect introduced Innovation Day, now recognized as the largest assembly of CEOs and investors in San Diego. This event shines light on the top-performing tech, life science, and defense firms, facilitating networking and investment opportunities across various sectors.
Building Future Leaders with the XEO Program
Additionally, the XEO program launched in 2022 focuses on developing leadership skills among mid-level employees in the innovation sector. With over a hundred alumni, this program has been hailed as one of the most meaningful leadership initiatives in the U.S., aiming to empower the next generation of leaders.
Looking Ahead
The foundation laid by Krenn and Marcella will continue to inspire the work at Connect. They have initiated a search for a permanent successor while ensuring that the organization remains focused on upcoming programs and initiatives.
This leadership transition affirms Connect's commitment to harnessing the dynamic landscape of innovation, with a strong emphasis on collaboration among all sectors of the community. Rick Valencia's appointment as Interim CEO marks a step toward building on their substantial legacy and expanding the organization’s influence across San Diego.
As Valencia embarks on this journey, he echoes the sentiments of everyone involved with Connect: the drive for innovation is shared by all, and together, they are committed to creating a thriving entrepreneurial ecosystem.
Frequently Asked Questions
Who is the new Interim CEO of Connect?
Rick Valencia, who has a significant background in technology and life sciences, has stepped into the role.
What roles have Mike Krenn and Christie Marcella taken?
They have accepted leadership roles at other organizations while remaining independent members of Connect's Board.
What impact has Connect had on the San Diego region?
Connect has significantly boosted investment and innovation, fostering a robust $5 billion ecosystem in the area.
What is the purpose of the XEO program?
The XEO program develops leadership skills in mid-level diverse employees within the innovation sector.
What does the future hold for Connect?
With strong leadership and a dedicated team, Connect is set to continue fostering innovation and collaboration in San Diego.
