Executive moves, week of March 8, 2010

Ex-Fandango CEO joins VC firm

Art Levitt, former president and CEO of movie ticketing website Fandango, has joined Jerusalem Venture Partners as a New York-based venture partner. He left Fandango in 2006, and has been serving as a consultant to the entertainment and hospitality industries.

Ahlstrom departs vSpring

Paul Ahlstrom

has left vSpring Capital, a Salt Lake City-based venture capital firm he co-founded. He plans to launch a new firm in Mexico. VSpring will reportedly not add a new managing director to replace him on its $162 million third fund.

Wellington loses Schuepbach

Olivier Schuepbach

has left European venture capital firm Wellington Partners to become director of international and corporate development for German online private shopping club Brands4friends. He had joined Wellington in 2006 and served as a principal. Brands4friends has raised VC funding from Partech International, Mangrove Capital Partners and Holtzbrinck Ventures.

Portfolio Advisors boosts staff

Adam Clemens

and Greg Garrett have joined Portfolio Advisors as managing directors. Clemens previously was co-founder and president of New York Life Capital Partners, while Garrett was a partner with Adams Street Partners.

Mayfield adds EIR

Brian Barnum has joined Mayfield Fund as an entrepreneur-in-residence. Barnum is the former president of RH Donnelley Interactive.

Terk leaves Rho Ventures

Ben Terk

has stepped down as a partner with Rho Ventures to launch Terk Capital, a new firm focused on small-cap public equities, as first reported last week by VentureWire. Terk Capital will have offices in Los Angeles and New York. Terk joined Rho Ventures in 1998 from Morgan Stanley and has served on the boards of Rho portfolio companies Alien Technology, Gearworks, PHT and Solicore.

Reithinger leaves Global Life Science Ventures

Holger Reithinger

has stepped down as a partner with Global Life Science Ventures, according to VentureWire. No word yet on his future plans. The European venture firm is planning to restart an earlier attempt to raise about $205 million for its third fund.

Venrock pro heads to Dell

Neeraj Choubey

has stepped down as a vice president with Venrock to join Dell as general manager of the company’s tablets division. He had joined Venrock in 2006. Before that, he was an associate with Bay Partners.

Cardina hires new CEO

Rick Anderson

, a managing director with PTV Sciences, has been named interim CEO of Cardiva Medical Inc., a Mountain View, Calif.-based developer of vascular closure devices. The move follows the resignation of company founder and CEO Augustine Lien. Cardiva has raised about $49 million in VC funding from PTV, Galen Partners, Sycamore Ventures, Amkey Ventures, Lexli Investment and Eminent Venture Capital.

Segal joins Persistence

Persistence Capital Partners, a Montreal, Quebec-based health care services investment firm, appointed Lloyd Segal as a partner. Segal was previously CEO of Thallion Pharmaceuticals, where he serves as chairman.