We’ve gotten the same email from a few different readers and wanted to give you guys a hat tip for keeping on the ball more than we are.
Turns out that Richard Rosenblatt, head of Demand Studios and everyone’s favorite grilled cheese maker, has finally made it official – he’s taking the money and getting while the getting is good.
SANTA MONICA, Calif. (AP) — Demand Media said Monday that its CEO and chairman, Richard Rosenblatt, will resign from the company he helped found by the end of the month.
The Santa Monica, Calif.-based company did not explain why Rosenblatt was resigning. He has been CEO since the company was founded in 2006.
“I realize that all journeys must ultimately come to an end and want to wish Shawn and the entire team success as they continue to grow the business,” Rosenblatt said in a statement.
Demand Studios launched their IPO in January 2011 with a price of $17 per share.
Closing price on Monday was $5.85 a share.
Demand Studios Sucks was launched in March 2010.
We’ve consistently turned a profit since our debut.