Demand Media is spinning off their domain name business into a new publicly traded company called Rightside Group. Taryn Naidu, the EVP of Domain Services at Demand Media, has been named CEO of Rightside Group. Based in Kirkland, Washington, Rightside will be a technology and services company for the Internet domain industry. Rightside will oversee the launch of the new generic Top Level Domains.
Other members of Rightside executive management includes Wayne MacLaurin as Chief Technology Officer and Rick Danis as General Counsel. David Panos will be appointed as chairman of the Board of Directors. Shawn Colo, Demand Media?s interim President and CEO, will be appointed as a Director of Rightside.
?Establishing the leadership team and brand identity of the proposed new company marks an important milestone in achieving our plan to separate our business into two distinct market leaders,? stated Colo. ?I am pleased to announce a very strong executive team led by Taryn. This team has a wealth of industry experience, has played an integral role in building the largest wholesale domain registrar and is driving the transformation of this business into one of the largest end-to-end domain name service providers in the world.?
[Source: Demand Media PR]