Netvibes, a company offering services for creating personalized home pages and a platform for widgets, announced on Thursday that founder and Chief Executive Tariq Krim is stepping aside.
Although Chief Operating Officer Freddy Mini will be taking his place as CEO, Krim will remain on the Paris-headquartered company's board of directors. No concrete reason for his departure was provided.
In a release Thursday, Mini called Krim "a true visionary" and touted the fact that nearly 1,000 clients are using thelast month. Mini, a former employee of CNET News.com parent company CNET Networks, has been Netvibes' COO since 2006, working on expanding the company's U.S. operations.
Moving forward, Netvibes will likely continue to focus on its widget platform, which has a much sunnier outlook than the personalized home page service. Sites in that niche have had a tough time in the face of competition fromand Yahoo's My Yahoo, not to mention the fact that personalized home pages just aren't as chic as they were in 2002.
Smaller rival, after rumors floated that it needed to find a buyer.