Twelve years ago, Pat Morgan walked into a forty-person company and asked us to do something audacious. We did it, mostly, and then we did some other things — and somewhere along the way Twincrest became the company you know now. Today, Pat is announcing that he'll step down as CEO in sixty days. Alex Chen will succeed him.
Pat has been planning this transition for over a year. It's not a reaction to anything. It's the thing he and the board have been working toward — a handover done from a position of strength, with enough runway for the next person to listen before they lead.
Alex joins after a nine-month search. She's spent the last eight years at Vellum as President, and before that at companies you've heard of and at one you definitely haven't. She'll spend her first sixty days listening — to teams, to customers, to Pat — before sharing anything that looks like a plan.
There are no layoffs attached to this. Remote-first stays. Compensation cycles are unchanged. The roadmap you're working against this quarter is the roadmap. If any of that changes later, you'll hear about it here, in writing, before it becomes a rumor.
We built this site because the next forty-eight hours matter. You'll have questions we haven't answered. Ask them. We'll publish what we know, admit what we don't, and update this page as the picture sharpens.
