We’ve confirmed through sources: Peter Adderton, the embattled CEO of the now-in-Chapter-11 MVNO Amp’d Mobile, has left the firm as CEO. He is still on the board and is still the largest individual shareholder. The company is going through Chapter 11 bankruptcy and the management overhaul is to be expected.
Staci adds: Adderton’s name has been excised from the management list, now topped by Bill Stone, president, who has been the main company figure in the bankruptcy proceedings. Adderton founded the company and funded it before VCs were involved. More to come.