RealNetworks CEO steps down suddenly

Summary:RealNetworks CEO Robert Kimball stepped down on Monday. A search is underway for a replacement.

RealNetworks CEO Robert Kimball stepped down on Monday. A search is underway for a replacement.

The resignation of Kimball is a strange move. He restructured the company, had a coherent software as a service strategy and was plotting new products to get the company back into the game.

Now Kimball is out just when RealNetworks was outlining its strategy more. In a statement, RealNetworks said it appointed Mike Lunsford, an executive vice president, to be interim CEO. Kimball had been with Real since January 2010.

Kimball said he set RealNetworks up to grow again with "a clean bill of health and a strong foundation." Kimball wanted to "find new challenges and opportunities."

RealNetworks Chairman Rob Glaser said the search is underway for a permanent CEO.

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Topics: Cloud, CXO, Data Centers, Emerging Tech

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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