Lucinda Duncalfe, likely the leading figure of female tech CEOs in the region, has stepped down from her leadership position at venture-backed Monetate, which she held since 2014.

A new CEO has been announced in Stephen Collins, the former president and CFO of AI-based adtech company Quantcast. The Asheville, N.C.-based exec and investor will relocate to Conshohocken to be close to the largest of the company’s four offices.

Collins was chosen after what Duncalfe said was a “rigorous search” of over 200 candidates. Duncalfe will remain on the board of directors and remains “highly active” in the company.

“We could not have selected a more qualified CEO than Stephen,” said Duncalfe. “After a rigorous search and considering over 200 candidates, we found the right person with the right vision to lead us. I am confident that he will deliver extraordinary results for our clients, employees, and investors.”

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