Motricity (MOTR) Appoints Interim CEO as Ryan Wuerch Leaves Company
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On August 21st, Motricity (Nasdaq: MOTR) and Ryan Wuerch, the Chief Executive Officer, mutually agreed, effective August 20, 2011, to terminate Mr. Wuerch's employment with Motricity and to terminate Mr. Wuerch's membership on Motricity's Board of Directors. Motricity has named Jim Smith interim Chief Executive Officer and has engaged Korn/Ferry International to conduct a search for a permanent CEO. Motricity is considering Mr. Smith and other external candidates for the position.
Smith has served as President and Chief Operating Officer of Motricity since January 2009 and has deep operational understanding of the business, as well as strong working relationships with customers and employees. The Board of Directors is confident Mr. Smith's depth of experience will help ensure a smooth transition until a permanent CEO can be appointed.
Smith has served as President and Chief Operating Officer of Motricity since January 2009 and has deep operational understanding of the business, as well as strong working relationships with customers and employees. The Board of Directors is confident Mr. Smith's depth of experience will help ensure a smooth transition until a permanent CEO can be appointed.
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