Demand Media (NYSE: DMD) said that its board of directors has accepted the resignation of Richard Rosenblatt as CEO, effective October 31, 2013, and as chairman, effective immediately.
The board has appointed Shawn Colo as interim president, effective immediately, and as interim CEO, to be effective upon Rosenblatt´s resignation. James Quandt has been appointed chairman, effective immediately. The board will begin a search for a permanent CEO shortly.
Demand Media is a leading digital media and domain services company that informs and entertains one of the Internet´s largest audiences, helps advertisers find innovative ways to engage with their customers and enables publishers, individuals and businesses to expand their online presence. Headquartered in Santa Monica, CA, Demand Media has offices in North America, South America and Europe. For more information about Demand Media, visit www.demandmedia.com.