Mike Langellier, who is credited with helping to establish Indiana's reputation as a Midwest tech hub, is stepping down as the long-time president and chief executive officer of TechPoint after nine years on the job.
Langellier will remain with the organization through mid-May to help with the transition and succession, the organization said Tuesday. TechPoint's executive committee and Central Indiana Corporate Partnership will launch a national search to find his replacement.
In a video message shared via YouTube, Langellier said he leaving the nonprofit organization to spend time with family and recharge. He did not reveal his future work plans.
"We've accomplished what I set out to do, which was to put Indianapolis on the map as a national tech hub and to build an organization that endows Indiana and tech companies here with a competitive advantage for successful growth," he said.
TechPoint, an accelerator that helps promote and grow the technology sector, was created in 2003 with the merger of the Indiana Software Association and the Indiana Information Technology Association.
The organization became an initiative of the Central Indiana Corporate Partnership in 2006. Langellier joined Techpoint in 2012 as president and chief executive officer.
According to a news release, Langellier used his tenure to expand TechPoint's programs that aimed to support the growth of technology companies, help recruit and retain tech workers and establish Central Indiana's and the state's reputation as a regional tech hub.
TechPoint programs include the internship program Xtern and VC Speed Dating, which aim to boost the recruitment and retention of tech workers and venture capital, respectively. It also hosts a job board, boot camps, tech directory and the annual Mira Awards, the largest event in the local tech community.
Langellier said that in the past year TechPoint has secured key funding, made critical hires and completed a strategic planning process.
"TechPoint and our tech community are entering a new chapter and are positioned for great things. Both deserve fresh eyes, energy and vision leading them ahead," Langellier said. "Now's the time for me to pass the torch as CEO of tech point to the next person who can carry the vision and lead the organization and our tech community from here."
An Illinois native, Langellier is a graduate of DePauw University and is the co-founder of MyJibe.com, a personal finance and banking software company he sold in 2011.
This article originally appeared on Indianapolis Star: TechPoint CEO and president Mike Langellier stepping down in May