Blackbaud CEO announces departure from company

CHARLESTON, S.C. (WCIV) -- Blackbaud's chief executive officer announced Wednesday he would be stepping down from the position at the end of the year.

Marc Chardon said in a release that he would leave earlier if the{}fundraising software giant found a successor before then. Chardon said he was leaving the company to focus on technology start-ups and philanthropy.

"It has been an honor to serve as Blackbaud's President and CEO for the past seven years, and to work with the finest employees and management team in the industry," said Chardon.

"Blackbaud`s Board is committed to conducting a thorough and comprehensive search to identify the best candidate to serve as our next President and CEO," said Andrew Leitch, Chairman of the Board of Directors. "On behalf of the Board and everyone at Blackbaud, I thank Marc for his leadership, commitment and contributions to our company.

Leitch went on to say that Chardon led the company during a time that it tripled its revenues.

The announcement came shortly after the company announced it was laying off 150 employees across the company. Fifty people from the Charleston office were laid off.