Lytro CEO Ren Ng To Become Executive Chairman
Lytro CEO Ren Ng said today that he will be stepping down as CEO of the company in order to spend more time on the company vision and less on the day-to-day operations. He will now become the executive chairman.
“The complexity of running day-to-day operations continues to grow,” stated Ng. “We are strengthening the management team to prepare ourselves for the next big phase of the company.”
It has been over a year since Lytro announced their “living pictures” product. The photos can be refocused even after being taken. Ng will be handling all aspects of the company like hardware, software, distribution, and support.
Lytro has launched a campaign to search for a new CEO. Current executive chairman Charles Chi will be the interim CEO. Lytro has grown at a rapid pace and has raised around $50 million in funding. They expanded to 80 employees too.