David Walsh has announced that he is to step down as Chief Executive Officer of Netwatch at the end of this year.
David, who co-founded Netwatch 17 years ago alongside his friend Niall Kelly, will move to the Board of Directors as a founder and major shareholder and will focus his time on the future strategy and expansion of the international group.
Commenting on his decision, David said; “The past 17 years have been a period of constant expansion for the company, growing from three employees and a single customer in January 2003 to 550 staff servicing 250,000 customers today.”
Dr Martin Scott, UK & Ireland Partner, Riverside Company said; “David Walsh is an inspirational leader and a visionary who saw opportunities where few others saw them and built an amazing business on this. Introducing proactive video monitoring was a game changer in the security industry and set a new bar for excellence. Under his stewardship Netwatch invested heavily in R&D and developed a suite of software solutions that enables the company to win large complex projects on the global stage.”
“The Irish market will always be the ‘home’ of Netwatch. There will be no impact on our commitment to Ireland, the team here will continue to provide the same high quality service to all customers. I am extremely proud of all we have achieved since our establishment, revolutionising the security market in Ireland by introducing proactive visual monitoring and innovations such as managed services. Carlow is still the heart of our business. We have invested heavily in the state of the art Communications Hub and Netwatch Visual Labs here, and the office headcount continues to rise.”
David will remain on the board of directors, alongside co-founder Niall Kelly. As a major shareholder and board member, he will continue to work with the team and facilitate a smooth transition for the incoming CEO. The new CEO will be based in the US, to be closer to the emerging market. The structure will help Netwatch achieve similar impact in the United States as our operations continue to grow there.
David’s announcement to the team was a emotional one all round, the staff at Netwatch have a close-knit culture and David is a pivotal to this. Knowing David will remain within the business evokes a confidence for the Netwatch staff as they look forward to the next chapter of success for Netwatch.