MySpace Appoints CFO, CTO Executives

[RobRich]

Social networking site MySpace has established CFO and CTO position, citing the desire to bring aboard executives with experience in corporate start-ups as part of an effort to revitalize the site's management. The move follows a decision from earlier this year to layoff nearly 30% of MySpace staff.

Quote:

"Having led companies at every stage of their development, Mark understands both start-up culture and mature businesses, and is well-suited to guide MySpace's financial organization through its next phase of growth," Van Natta said in a release announcing Rosenbaum's hire. "We're thrilled to add someone with his pedigree and experience to the team."

Source: MySpace names its first chief financial officer | The Social - CNET News