A management restructuring at MobiTV designed “to accelerate growth trajectory”:
— Founder Dr. Phillip Alvelda steps down as CEO, remains as chairman of the board. A search is ongoing for his successor. He will be spending more time with the Westminster Institute for Science Education he co-founded last year.
— Co-founder Paul Scanlan is promoted to president from COO with responsibility for sales, business development, product management, marketing and content.
— Bruce Gilpin, promoted to COO from CSO and interim CFO, with responsibility for CTO, engineering, operations, IT and customer support.
— Bill Losch joins the company as CFO from DreamWorks Animation SKG, Inc., where he was chief accounting officer.
Release.
Privately held MobiTV is old in start-up years — it was founded in 1999 — and has already raised more than $100 million in funding. The company has more than 2 million customers. Thinking of Alvelda’s now limited role as principal visionary instead of of day-to-day detail man, I’m reminded of the EconSM deals discussion about the need for some founders to be moved or be ready to be moved in order for the companies to become truly successful.
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