Loop founder to replace CEO as rights issue launched

摘要

The founder of mobile social networking company, Loop Mobile (ASX: LPM) is to return to run the company replacing CEO Martin Hoffman. The move was announced along with a rights issue and comes just days after the company, which counts Telstra, Optus and 3 Australia as its customers, scored its first deal with a major US mobile network. Hoffman will resign on 31 July 2008 to focus on his other new media and technology investments. At the request of the board and significant shareholder, he has agreed to continue as a non-executive director. Ian Rodwell who founded Loop in 2004 and who is currently head of technology and products will assume the role of CEO and managing director.