Monotype Imaging Holdings Inc. announced that Doug Shaw, president and chief executive officer, intends to retire at the end of 2015. As part of a planned succession process, the board of directors intends to appoint Scott Landers, currently senior vice president and chief financial officer of Monotype, to succeed Shaw as president and chief executive officer on or about January 1, 2016. Landers has also been appointed chief operating officer, effective immediately, and will serve in this role until his appointment as president and CEO.

Shaw is expected to remain a member of the board of directors at least until the end of his term in 2017, and to work for Monotype in a part-time advisory role from the date of his retirement until March 31, 2016. It is anticipated that Landers will be appointed to the board of directors on or about the effective date of his appointment as president and CEO. Monotype has initiated a search for a new chief financial officer and hired the executive search firm Spencer Stuart.

Landers will continue to serve as the company's CFO until his successor is appointed. Landers joined Monotype in 2008 as CFO, bringing more than 15 years of experience in the software industry, principally in companies that scaled rapidly through a mixture of organic growth and mergers and acquisitions.