Dennis Mudd has stepped down as the CEO of Slacker over the weekend.  However Mudd will remain on the B.O.D.  Mudd stepped down so he could spend more time with his family.  His daily tasks will be passed on to Jim Cady, the current COO and President of Slacker.

Mudd previously founded Musicmatch Jukebox, a company that Yahoo! bought for $160 million in 2004.  Slacker raised $70 million in VC funding since the company started.  Investors in Slacker include Austin Ventures, Mission Ventures, Rho Ventures, Centennial Ventures, and Sevin Rosen Funds.

Slacker designs a portable music player device.  Slacker has BlackBerry and iPhone applications but they have quite a bit of competition.