Two top execs leaving MassChallenge

Two members of MassChallenge's executive team are stepping down.

In emails yesterday, Akhil Nigam, president and co-founder of the Boston-based startup accelerator and competition, and Karl Buttner, chief mentorship officer, said they will remain advisers to the organization but did not say what their next career move would be or who would replace them.

"Akhil and Karl are two of the most dedicated, sincere, enthusiastic and fun people I know ," John Harthorne, co-founder and CEO, said in a separate email. "We've been planning for this moment for a while now. MassChallenge has made some new hires, reorganized the team and worked to ensure a smooth transition. We'll announce more in the coming months as we head into an exciting 2015."

Nigam, a Harvard Business School alumnus and former Bain and Co. employee, did not say why he is leaving. Buttner, an MIT graduate, said he is trading his "lengthy car commute" to spend more time with his family.

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