Nexus Louisiana Seeks New Permanent Leader Amid Budget Shortfall and Interim CEO

Nexus Louisiana, a business incubator that supports 30 companies, may soon have a new permanent leader. The organization plans to contract with a search firm this year to assist in recruiting the next leader. The board of directors approved a request for proposals (RFP) in early May to select a search firm.

After serving as President and CEO for 14 years, Genevieve Silverman left Nexus Louisiana. Entrepreneur and former board chairman Calvin Mills has been serving as the interim CEO since her departure. Despite initially not having ambitions of becoming the organization’s top executive, Mills felt compelled to step in when he received the call for leadership. Financial records showed a budget shortfall of $280,771 in the year Silverman left, with revenues of $2,578,258 and expenses totaling $2,859,029.

Mills had been focused on his software company prior to his role as interim CEO and never imagined taking on the leadership position at Nexus Louisiana. However, when the need arose, he stepped up to the challenge. Business Report’s full story delves into Nexus Louisiana’s search for new leadership, its funding situation, and its future goals.