Demand Media Co-Founder Richard Rosenblatt (who was profiled in our April 2007 Cover Story) has stepped down as the company's Chairman, effective immediately, and has also resigned as CEO, effective Oct. 31, 2013. The company's board of directors has named Rosenblatt's fellow Demand Media co-founder, Shawn Colo, as interim President, effective immediately, and as interim CEO, effective upon Mr. Rosenblatt's resignation. James Quandt has been appointed Chairman, effective immediately. The board is to begin a search for a permanent CEO shortly.

Demand Media is a leading digital media and domain services company headquartered in Santa Monica, California. Over the years it has acquired several well-known domain industry companies including giant registrar eNom. 

No reason was given for the change but Mr. Rosenblatt said, "I want to thank everyone that helped to make Demand Media a leading content creation and media company. It has been a great honor to work with our investors, board and brilliant team over the past 7 years. 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."

Mr. Colo said, "I look forward to working closely with our board of directors, executive team, and all of our employees to achieve our strategic goals. Since co-founding the company in 2006, I have been involved in all facets of the business and am more confident than ever in Demand Media's potential."

Mr. Quandt, the new Chairman, added, "The board is excited to have Shawn expand his responsibilities at Demand Media. Shawn has played a major role in the company's success 

Richard Rosenblatt

Shawn Colo

and is ideally suited to assume these added responsibilities because of his integral knowledge of all aspects of the business and his strong relationships throughout the industry."