Jupitermedia Corporation has announced that its President and Chief Operating Officer, Chris Cardell, has resigned.
This follows a difficult time for Jupitermedia which last week announced an agreement with Getty Images to sell Jupitermedia’s online image business for $96 million. Jupitermedia stated that they expected to incur a non-cash loss of approximately $95 million upon the closing of the transaction.
Chris Cardell had been President and COO since the company’s inception in 1998. Chris was very instrumental in the building of internet.com into one of the web’s top B2B and tech news and information portals.
Effective immediately, Jupitermedia’s CEO founder and Chairman Alan Meckler, will also serve as President and Chief Operating Officer of the Company.
Alan Meckler comments in the press release:
Chris Cardell has been an important contributor to the growth and success of Jupitermedia. He has been with us through our many business acquisitions, sales and other transactions, and never wavered under the pressure of a very demanding workload,” stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. “While it is never easy to part company with a long-time colleague, we are fortunate that Chris has developed a strong management team under his direction and that we will not miss a beat through this transition. We all wish him continued success in his future endeavors,” added Meckler.
Added note: This is another Chris in a string of Chris’ who have left Jupitermedia management over the years as we reported in this 2006 blog post.
