Three founding execs depart Demand Media

Executives in charge of international operations, product, and video resign after six years with the content farm.

Three founding executives at Demand Media announced their resignations today after six years with the content farm.

Larry Fitzgibbon, Joe Perez, and Steven Kydd, who were all executive vice presidents, are leaving the company they helped create, a company representative told CNET, confirming a story first reported by PaidContent.

Fitzgibbon oversaw international operations, while Perez was in charge of product and Kydd handled video. Michael Blend, Demand Media's executive vice president of Media & Marketplace for the company, will assume most of their duties.

A company representative said their simultaneous departures were merely a coincidence.

"The three of them just decided this was the right time in the evolution of the company for them to move on," Demand Media spokesperson Kristen Moore said. "They've all been here nearly six years and have seen the company through the transition from a startup to a public company."

The company filed an 8K form with the U.S. Securities and Exchange Commission to announce the departure of Fitzgibbon, whose resignation was submitted on Friday and took effect today.

The company also announced today that it would report its fourth-quarter results on February 16.

 

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