RealNetworks CEO Rob Glaser steps down
Digital entertainment services firm RealNetworks announced the resignation of founder and CEO Rob Glaser. General counsel and executive vice president of corporate development Robert Kimball will serve as president and acting CEO, with Glaser remaining chairman of the RealNetworks board as it seeks a permanent replacement. Glaser did not disclose the reasons behind his resignation or his future plans, although The Los Angeles Times reports a post on his Facebook page notes RealNetworks is facing "an extremely rigorous strategy review."
Glaser launched RealNetworks (originally Progressive Networks) in early 1994. Although the streaming media company is considered a pioneer of digital content distribution, it has struggled to gain traction in the current marketplace. Earlier this month, RealNetworks announced the acquisition of Linux-based solutions provider Varia Mobile, feeding speculation the company plans to introduce cloud-based content services.
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