Last week's rumours have been confirmed and Jeremy Wright has has stepped down as CEO of blog network b5Media.
As of today, I am stepping aside as CEO of b5media, and we are bringing on Elaine Kunda as the new CEO. I say “we” because I’m still a board member, still a shareholder, still a founder and still a huge, huge b5media fan. And I’ll remain available to b5, it’s employees, Elaine, our bloggers and our investors because I flat out love the company, team and bloggers. This ain’t me abandoning ship, it’s me handing over the reins to someone who can take things to the next level (which is actually pretty darn exciting!).
It's clear from Wright's blog post today that he is burnt-out. In the short-term he plans to run a quasi-agency called netmobs to continue working with clients. But no doubt this is not the last we've heard from Wright and he'll be making news again soon.
Wright will remain a board member and shareholder of b5media.