Elliot Noss hands over CEO duties at Tucows, firm plans to sell fiber business

David Woroch will take over as CEO.

Elliot Noss is handing over the reins at Tucows (NASDAQ: TCX).

Following 25 years at the firm, Noss has left the CEO role but will remain on the board of directors.

Noss had been a long-time fixture in the domain name industry and was frequently at domain name conferences and ICANN meetings. He stepped back from his role in the industry in recent years to focus on Tucows’ fiber business.

In addition to remaining on the board, Noss will be a consultant to the Ting fiber business, which the firm is trying to sell. The firm does not expect to realize significant profit, if any, from the sale of the business.

Another long-time Tucows employee will step into the CEO role. David Woroch, who is CEO of the domains business, will take over.

Woroch will remain the CEO of Tucows Domains, and Ivan Ivanov, Tucows’ CFO, will add serving as CEO of Ting Internet to his duties.

The news was released in conjunction with Tucows’ third-quarter earnings note.

Tucow noted that third-quarter revenue increased 6.8% year over year to $98.6 million, and gross profit increased 9% to $24.2 million.

Revenue in the domains business increased 4.8% to $67.8 million, despite the firm losing a major client that took its domains in-house within the past year. The firm again credited increased revenue from selling expired domains for some of its gross margin in the domains business.

Shares in Tucows are up sharply this morning.