Executive moves, week of Aug. 10, 2009

Kim joins Khosla Ventures

James Kim

has quietly joined Khosla Ventures, having stepped down as a senior partner with CMEA Capital.

Kim joined CMEA in 2007 from GE Commercial Finance, and was promoted in April 2008. He focused on energy technology companies, such as A123 Systems, the developer of rechargeable lithium-ion batteries, which is in registration for an IPO.

News of Kim’s transition was first reported last week by Private Equity Insider, and was confirmed by PE Week. Kim is not yet listed on the Khosla Ventures website, although he has been removed from the CMEA website.

Entrepreneur joins Obama administration

Todd Park

, an entrepreneur well-known to Valley VCs, was appointed by President Obama to the role of CTO of the U.S. Department of Health and Human Services.

The 36-year-old co-founded Athenahealth, a provider of online management services to physician’s office. The company, led by co-founder CEO Jonathan Bush—the first cousin of President George W. Bush—raised $49.6 million from Draper Fisher Jurvetson, Draper Richards, Oak Investment Partners and Venrock Associates, among others, before it went public in September 2007.

Park, who now needs to divest his stock position in the company, stands to make about $45 million off his shares’ sale, according to the Boston Business Journal, which reports that as of April 15, Park owned roughly 4% of the company’s stock.

Metamorphic adds Michel, boosts staff

Marc Michel

has joined New York-based Metamorphic Ventures as the firm’s third partner. He previously was group head of TD Capital Communication Partners, a $500 million private equity fund. Metamorphic also named six new advisors: Gokul Rajaram, Roland DeSilva, David Nussbaum, Marta Wohrle, David Weisman and Joe Proto.

Scott joins Lovell Minnick

David Scott

has joined Lovell Minnick Partners as a senior associate. He will work out of the firm’s El Segundo, Calif. office, and previously was an associate with Berkshire Capital Securities. Lovell Minnick raised a $375 million buyout fund last year.

Polaris grabs Spoon

Ryan Spoon has joined Polaris Venture Partners as a senior associate, with a focus on the firm’s Dog Patch Labs incubator in San Francisco. He previously was vice president of marketing and business development with Widgetbox.

DeNoma joins KKR

Michael DeNoma

, former CEO of Standard Chartered Bank PLC’s Global Consumer Bank, has joined Kohlberg Kravis Roberts & Co. as a senior advisor.

Skyline promotes Reicin

Skyline Ventures has promoted Glenn Reicin to the position of managing director. He had been a venture partner with the Palo Alto, Calif.-based firm since last October and, before that, covered medical devices and supplies as a managing director in Morgan Stanley’s research department.

Affinity adds Kwik
Inghie Kwik has agreed to join Hong Kong-based Affinity Equity Partners, as first reported last week by the Wall Street Journal. Kwik, who will lead Affnity’s push into Indonesia, currently runs Morgan Stanley’s Indonesia unit.