Photobucket Lays Off 11; Promotes Tom Munro To CEO

1 Comment

Credit: photobucket

Photobucket, the photo-sharing site owned in part by News Corp. (NSDQ: NWS), has moved its mobile development offices from Seattle to its offices in San Francisco and Denver. A spokesperson confirmed that 11 people were affected by the consolidation, but the Seattle office remains open with some marketing and development functions remaining. Additionally, the company has promoted Tom Munro from president and CFO to the position of CEO.

It was a year ago in December that Photobucket merged with Seattle-based Ontela, which created technology to automatically upload photos from cellphones to multiple accounts, such as Facebook, Photobucket, an email address or other destination. More recently, Ontela’s talents were being used to create apps for phones, such as the Android application that is being pre-loaded on the T-Mobile G2.

The terms of the merger was not disclosed, but Ontela’s investors were charged with making an additional capital commitment. At the time, both the investors and News Corp. held significant equity positions in the company. Munro, who was Ontela’s CFO, became president and Ontela’s CEO Dan Shapiro was CTO. Since then, Shapiro has stepped down, and now Munro is CEO.

In his new role, Munro will continue being responsible for defining the company’s growth plans and will lead the new strategic direction of Photobucket in Web, mobile and emerging markets. The full release can be found here.

1 Comment

Isaac Gore

Congrats to Tom Munro!! he is really determined to take the company to dizzy heights.

Comments are closed.