RealNetworks Pres./CEO Thomas Nielsen Resigns; Rob Glaser Interim CEO
July 3, 2012 at 1:52 PM (PT)
REALNETWORKS, INC. Pres./CEO THOMAS NIELSEN has resigned. Company chairman and founder ROB GLASER has been appointed Interim CEO, effective immediately.
"I come back to REALNETWORKS with a sense of great urgency to set the company on a long-term path to success," GLASER said. "REALNETWORKS has a great deal of potential and opportunity, with huge reach and distribution of our products, key carrier partnerships, talented employees, terrific technology assets and significant financial resources. I am committed to accelerating our business and product strategy to bring great products to our customers and run the company efficiently, and thereby create shareholder value for our investors."
The board of directors has begun a search for NIELSEN's successor. GLASER said he is not a candidate for the permanent CEO position. No further changes in leadership are expected.
"The board and THOMAS mutually agreed that the CEO position wasn't the right fit," GLASER added. "We thank THOMAS for the contributions he has made in moving REALNETWORKS forward and wish him well in his new endeavors."