PARIS-Location services company Webraska announced it current chief executive and company co-founder, Jean-Michel Durocher, will step down from his post and be replaced by Barry Glick, Webraska’s chairman and the former chief executive officer and chairman of MapQuest. Glick led MapQuest’s initial public offering and its eventual sale to AOL for $1.1 billion.
Durocher will continue as a member of Webraska’s board of directors.
“Webraska has indeed built an enviable and unique market position,” said Glick. “During the months and years ahead, the Webraska management team will focus on helping our wireless carrier customers to generate significant profitable revenue growth from compelling location-aware mobile information and communications services. Within the telematics services sector, we look forward to fruitful collaboration with companies, such as IBM and SAIC-Telcordia, whose extensive worldwide sales networks, business relationships, systems integration capabilities and vertical industry expertise provide a valuable complement to Webraska’s core technologies.”
