Ryan Wuerch’s run as CEO at Motricity Inc. (MOTR) has come to an end less than two weeks after the embattled company reported a $4.3 million loss in the last quarter.
The Bellevue, Wash.-based company named Jim Smith as interim CEO and he could become the permanent leader following a search for external candidates as well. Smith has been president and COO at Motricity since early 2009.
The company went public in 2010 and shed more than half of its value earlier this month. Wuerch leaves on the heels of CFO Allyn Hebner and Jim Ryan, who served as chief strategy and marketing development officer.
Before Wuerch left he drastically cut the outlook for the current quarter by almost 31% at the low end to $31.5 million, from a previous target of $45.5 million.
Motricity’s tailspin continues as Wuerch leaves CEO post
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