Bitly CEO Peter Stern Steps Down

Posted Mar 12, 2013

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.?