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.?