Sassa out at Friendster

Social networking company Friendster has replaced CEO Scott Sassa, roughly a year after he came to the company.

Sassa, the former president of NBC Entertainment, was brought into the company by venture capital firms Kleiner, Perkins, Caufield & Byers and Benchmark Capital, which invested nearly $10 million in Friendster.

He's being replaced by Taek Kwon, who currently serves as executive vice president of product and technology at Kwon will start at Friendster June 13, and Sassa will remain with the company throughout the summer "to facilitate a smooth transition," Friendster said.