Bitly CEO Peter Stern Steps Down

Bitly announced that Peter Stern has stepped down from the CEO position.  Stern decided to pursue other interests.  Bitly has raised around $23 million so far and the last round was $15 million.  Stern was CEO of Bitly for slightly over a year.  Before that he started a mobile collaboration company called Zenbe.

Below is the announcement that was made about Stern stepping down:

Bitly is announcing today that Peter Stern has resigned to pursue other interests.

“Peter has been a key leader and contributor to the Company,” said Bitly Board member Sam Mandel. “In particular he has been instrumental in transforming Bitly into a successful business while growing its unparalleled data set. We are very happy that he will remain a shareholder and supporter.”

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