Seattle – Media software and services firm RealNetworks (NASD: RNWK) announced
on Tuesday that Robert Kimball has resigned as president and CEO, just 15
months after replacing founding chief executive Rob Glaser.
tenure, the company underwent a restructuring that it said cut $70 million in
operating expenses, and saw layoffs of 10% of employees.
"I took on this
role to lead a restructuring and transformation of RealNetworks into a more
lean, efficient and effective business and we have completed that phase of
RealNetworks’ transformation," said Kimball.
"All this work has set
the stage for Real to embark on its next phase with a clean bill of health and
a strong foundation."
RealNetworks said executive vice president Mike
Lunsford will serve as interim CEO while the board conducts a search for a new
Lunsford joined the company in 2008, and previously held a number of
executive roles at Earthlink.