Head of Center for Innovative Technology to step down Dec. 31

Published February 27, 2015 by Robert Powell, III

Peter Jobse, CEO of  Herndon-based Center for Innovative Technology since 2003, plans the leave the state nonprofit corporation at the end of the year.

Jobse joined the Center for Innovative Technology in October 2002 as executive vice president and chief operating officer. In May 2003, he was named CEO by CIT's board of directors.

“I commend Pete for the work he has done to put CIT in a solid position that will allow it to be an integral part of growing the New Virginia Economy,” Gov. Terry McAuliffe said in a statement.

During Jobse's tenure, CIT founded the GAP Funds, a venture portfolio of three seed-stage funds.  Jobse also created the Connect Service Line, a consulting service that has produced over $40 million in technology consulting contracts.

Mach37 was founded in 2013 as the nation's first cybersecurity accelerator. It now has a portfolio of 17 companies and will create an average of 12 companies a year.

Before coming to CIT, Jobse had a long career at EDS and as a founder of ArcSight, a security startup acquired by Hewlett-Packard. He plans to return to the private sector after stepping down at CIT on Dec. 31.

The CIT board of directors has created a CEO search committee.