After little more than a year at the helm of troubled Internet media delivery software and services provider RealNetworks, president Bob Kimball has tendered his resignation.
The Seattle-based firm announced that another senior executive, Mike Lunsford, will step in as interim CEO while the company searches for a replacement.
Fresh challenges
Kimball had worked for RealNetworks since 1999 and officially took the title of company head only last July.
"After twelve amazing years at Real, it is time for me to find new challenges and opportunities," Kimball said.
According to the outgoing CEO, the company's recent radical reorganisation and streamlining "has set the stage for Real to embark on its next phase with a clean bill of health and a strong foundation."
Layoffs and assimilation
This aforementioned corporate restructuring has included RealNetworks absorbing its mobile and casual gaming arm GameHouse into the parent organisation's HQ, cutting 85 jobs from its Seattle hub, and closing down Finnish video game studio Mr Goodliving.
The cost-cutting measures were viewed as essential for a business that saw overall revenue fall by 29 percent yoy to $401.7 million in 2010.
Game division GameHouse has also reported falling sales over four consecutive quarters.
[source: GeekWire]
News
With a degree in German up his sleeve Richard squares up to the following three questions every morning: FIFA or Pro Evo? XBox 360 or PS3? McNulty or Bunk?
Top Stories
News
Apr 29th, 2024
Supercell CEO Ilkka Paananen joins LEGO’s board of directors days after Squad Busters’ soft launch
Feature
Apr 29th, 2024
King’s Paula Ingvar: a games industry journey from "I’m not worthy!" to Candy Crush Soda’s VP of product
Feature
Apr 29th, 2024
Hot Five: Supercell’s Squad Busters levels up, retro Nintendo on iOS, and Genshin Impact’s worst month yet
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 25th, 2024