Lytro Founder Ren Ng has announced that he’s stepping down as CEO and will be transitioning into the company’s Executive Chairman effective immediately. Charles Chi, the current Executive Chairman, has been named interim CEO until a more permanent CEO has been found.
Ng will remain a full-time employee but will shift his focus to product 100 percent, according to his blog post.
I will remain a full-time employee, 100% focused on Lytro. In my new role I will shift attention from day-to-day operations, to focus again on product vision, technology, and strategic direction for the company. I am very excited to have the opportunity to focus on these areas where I am most passionate.
via TechCrunchTechCrunch http://techcrunch.com/2012/06/29/ren-ng-steps-down-as-lytro-ceo-will-take-over-as-executive-chairman-charles-chi-named-interim-ceo/