Home Media Magazine » Realnetworks Founder Steps Down Ceo 18113
Font Size: A A A

RealNetworks Founder Steps Down as CEO



By : Chris Tribbey | Posted: 14 Jan 2010


Rob Glaser, founder of RealNetworks, has stepped down as CEO, though he will remain chairman, the company said Jan. 13.



Robert Kimball, general counsel and EVP of corporate development, has been elevated to acting CEO and president.



“After nearly 16 years, I've decided it’s time for me to step away from day-to-day operations,” Glaser said. “I’m grateful to all of our stakeholders — customers, partners, shareholders, and most of all, employees — for the support and commitment they’ve given to RealNetworks. I remain committed to the company and look forward to continuing to serve in my capacity as board chairman.”



Kimball has been with the company since 1999 and has been on the RealNetworks’ executive team since 2003.



“I look forward to the opportunity ahead,” Kimball said. “Real has a great team in place, a strong financial position, close customer relationships and fantastic products. We plan to transform Real into a more focused and more profitable company that delivers value to our shareholders.”



Currently RealNetworks is fighting an injunction against the sale of its RealDVD copying software.


 


Related Stories :


Real Networks Appealing DVD Copying Software Verdict
Real Networks Follows Through with DVD Copying Appeal
Judge Tosses RealDVD Antitrust Challenge

Authors


User comments




NEWSLETTER

Sign up for Home Media's Daily newsletter to receive breaking entertainment news and other features.

POLL

Are Kiosk Rentals Hurting Sellthrough?

Submit Vote
- OR -
Click here to view results

SEND US

Send us video clips of home entertainment industry events and parties