David Rajakovich Becomes CEO of SiPM, Following Investment by Levine Leichtman Capital Partners
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On 23 June 2020, SiPM announced the appointment of David Rajakovich as its new CEO. David Rajakovich was promoted by SiPM from the role of Managing Director Operations and started with the company in 2013. David is an accomplished senior executive in the Learning and Development industry, and has over twelve years’ experience in the procurement and supply chain training environment.
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SiPM is a pioneer in high-impact e-learning solutions for blue-chip corporations worldwide in the area of procurement, supply chain and sales. Operating through 3 core brands – Procurement Academy, Supply Chain Academy, and Sales Academy – the Company has changed the way its clients train their workforce by providing role-specific curriculum and the latest e-learning methods.
Levine Leichtman Capital Partners (“LLCP”) invested in SiPM alongside management in April 2020. LLCP together with management have put in place ambitious growth plans for the business, and the appointment of Rajakovich as CEO is a key step in that strategy.
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“I want to thank Levine Leichtman and the board for providing me the opportunity to take this organization to the next level. I look forward to guiding the organization not only to rapid growth, but to being a place where people truly want to work and can use their talents in a way that is valuable for their own development, for our clients and for our organization as a whole,” said David Rajakovich about his appointment.
David Cowan, a Managing Director at LLCP, said, “The quality of the team across the board at SiPM is outstanding, and David is instrumental to that. The appointment of David as CEO is a natural evolution for the Company, and we strongly believe that David and the team will continue to deliver value for investors, associates and especially for our customers during this exciting period for the Company.”
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