Jeremy Wright is stepping down as CEO of blog network b5media, effective immediately, according to a press release. The new CEO is Elaine Kunda, presented as an “experienced entrepreneur”.

“Elaine is exactly the right leader for b5media, with her strong leadership and proven ability to lead top performing teams,” said John Albright, managing partner of JLA Ventures.

Kunda herself said this in the press release:

“I believe there is an extraordinary opportunity to create additional value and new possibilities for our customers, partners and employees. The Company has accomplished a great deal in its relatively short history and I look forward to working together to take it to the next level.

Wright will stay on the board of directors, but why do this now, and make it effective immediately? [Read more…]