Motricity announced Friday that the company is releasing interim CEO Jim Smith from his position.
Motricity says that Smith’s duties will be assumed by a team of current Motricity executive officers.
As of this writing, Richard Stalzer, currently the President of Voltari, which is Motricity’s Mobile Media division, is the new Chief Executive Officer.
Few other changes are expected. Nathan Fong, currently Motricity’s Chief Financial Officer, will continue in that position but he has also been named Chief Operating Officer. Richard Sadowsky has been tapped for Chief Administrative Officer.
“After restructuring the business, launching new products and incubating a clear future strategic direction this is a natural transition to hand-off to the new leadership to execute. Rich Stalzer, Nathan and Richard now have the capital, focus, skills and capability to create tremendous value. Motricity has emerged as a new company and is well positioned to capitalize on the growth in the open mobile market,” Smith said upon his departure.
“Nathan, Richard and I are very excited about the opportunity to take Motricity to the next level,” Stalzer said. “Companies are all about the people and the companies with the best talent win. We will continue to invest in talent, so we can produce the best mobile products across all our product lines. The operational restructuring implemented by Jim Smith has given us a platform for growth. Our focus will be on growing the business and delivering the highest quality products and service to our customers.”