Aug 3, 2007 115 reads by Navneet Kaushal

LookSmart loses its head reports Australian IT as their CEO and President, David Hills who was recruited to boost the company when it lost its biggest customer, Microsoft.

"The company, which was once valued as $US7 billion ($8.2 billion) but is now worth only $US76.7 million will remain listed on the Nasdaq where it has been publicly traded since 1999. LookSmart has withdrawn from all other international markets and focuses solely on North America, where it has not turned in a net profit since 2003."

For now, Edward West, LookSmart Board member and chair will fill in as interim chief executive until the CEO shoes are filled. West said:

"We are deeply appreciative of Dave's industry experience and contribution to LookSmart during his tenure with the company. He has guided the company through many challenges and successfully restored the quality and growth of its Advertiser Solutions business."

David Hills resigned to open his own online media advisory services firm.

Navneet Kaushal

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
Navneet Kaushal
Navneet Kaushal
Most popular Posts
Upcoming Events
Events are coming soon, stay tuned!More