Motricity Appoints Interim CEO

Motricity and its CEO mutually agreed to terminate Mr. Wuerch's employment with Motricity

August 22, 2011

1 Min Read

BELLEVUE, Wash. -- Motricity, Inc. and Ryan Wuerch, the Chief Executive Officer, mutually agreed, effective August 20, 2011, to terminate Mr. Wuerch's employment with Motricity and to terminate Mr. Wuerch's membership on Motricity's Board of Directors. Motricity has named Jim Smith interim Chief Executive Officer and has engaged Korn/Ferry International to conduct a search for a permanent CEO. Motricity is considering Mr. Smith and other external candidates for the position.

Mr. Smith has served as President and Chief Operating Officer of Motricity since January 2009 and has deep operational understanding of the business, as well as strong working relationships with customers and employees. The Board of Directors is confident Mr. Smith's depth of experience will help ensure a smooth transition until a permanent CEO can be appointed.

During the transition of executive leadership, the company said that its board and executive team will continue to focus on creating value for customers and maximizing shareholder value. The company has deep relationships with mobile operators, brands and advertising agencies and will continue to focus on delivering innovative mobile solutions.

Motricity Inc.

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