ARLINGTON, Va. – The board of directors of the National Venture Capital Association recently selected Mark Heesen to replace Daniel Kingsley as the organization’s chief executive officer. The change became effective September 23.
“I’ve been CEO for 22 years and last year was, by all measurements, the best year we’ve ever had,” Kingsley said, adding he decided to leave “while on top.”
In the past year, the association’s capital fund grew by more than 40%, membership grew to 350 from 229 and the organization was successful with nine out of 10 legislative objectives, he said.
Kingsley, who led the organization since 1978, now plans to do “personal things,” such as consulting and joining company boards.
Heesen for the past eight years has served as the organization’s director of legislative, regulatory and entrepreneurial affairs, and his primary responsibility was to track legislative developments on Capitol Hill.
As chief executive, Heesen’s expanded duties include administering the organization, overseeing its education program, directing its ongoing research project, which tracks all private equity activity in the United States and leading membership recruitment. He also will continue to take an active role in the public policy arena.
Prior to joining the association, Heesen worked as an aide to Dick Thornburgh, former Governor of Pennsylvania, and was deputy director for federal funds reporting to the Texas Legislature.
The association, formed in 1973, is a public policy advocate for the venture capital and private equity industries.