Reglikedomain industry desk

CEO Richard Rosenblatt resigns — Demand Media

Richard Rosenblatt resigns as Chairman & CEO of Demand Media.

There’s been a change at the top of one of the domain name industry’s biggest firms.

Demand Media disclosed today that Richard Rosenblatt has stepped down as Chairman and CEO of the firm. Shawn Colo has been named interim President and will be the interim CEO once Rosenblatt’s resignation from that position is effective at the end of this month.

Rosenblatt and Colo co-founded the firm in 2006 and took it public in 2011. It went public at a valuation of over $1 billion; It’s market cap is now regarding half of that.

The firm purchased a number of domain name firms counting eNom and HotKeys, and owns a substantial number of domain names. It plans to spin off its domain name business into a separate publicly traded firm.

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