Wesabe CEO and co-founder Jason Knight steps down
23 May 2008 | 2787 views | 0
Social personal finance website Wesabe announced the resignation of CEO and co-founder Jason Knight, who is leaving the company due to a family medical situation.
Chairman and co-founder Marc Hedlund, who previously served as the company's chief product officer, will assume the role of CEO, effective immediately.
"Last month, my family welcomed the birth of our second child. He was diagnosed with a serious respiratory condition that requires ongoing medical attention and constant care," said Knight. "The past several years with Wesabe have been the most exciting and rewarding of my career, but clearly, during this time, I need to focus my full attention on my family. Marc has been the visionary behind the Wesabe product, and I have every confidence in his ability to continue to lead the company on the growth path we set together."
"Jason's work and enthusiasm made Wesabe possible, and the site would not exist without him. While we now have a substantial group of fantastic employees and supporters to carry the site forward, he will be greatly missed. That being said, we have nothing but respect for his decision and wish him and his family the very best," said Hedlund.
Hedlund brings more than a decade of executive management experience to his new role. Prior to founding Wesabe in December of 2005, Hedlund served as an entrepreneur-in-residence at O'Reilly Media. He previously was the CEO and co-founder of Popular Power, a distributed computing startup. Hedlund was also VP of engineering at Sana Security, an enterprise software startup developing an "immune system" for protecting servers from worms and hackers. Additionally, he founded and led Lucas Online, the internet subsidiary of Lucasfilm, Ltd; was director of engineering at Organic Online; and was CTO at Webstorm, where he wrote one of the Internet's first shopping cart applications in 1994. Hedlund is a graduate of Reed College.