Brightcove co-founder Jeremy Allaire plans to step down from his role as CEO, according to the company’s fourth quarter earnings report.

Allaire will continue to serve as the CEO during the “transition period” of the first quarter of the fiscal year, and will then become executive chairman of the board, where the company says he will “continue to be actively involved in the company’s strategic planning, product development and key customer relationships.” David Mendels, who’s currently the company’s president and chief operating officer, will take Allaire’s place as CEO.