BlueFreeway says goodbye to its CEO

Saturday, 2 February 2008

Richard Webb, the CEO of BlueFreeway, who organised the acquisition of more than 10 Australian digital media companies has resigned from its position.

According to a press release that appeared in the news section of BlueFreeway website, the main point of concern is to cut the growing overhead costs associated with the development and support of the innovative Blu. online advertsing portal.

The board also confirmed that the Blu. portal will still be sold, but with in a more sustainable fashion. From now, BlueFreeWay will refocus its strategy on its portfolio of 25 fast growing companies.

Shane Murray and Steven Fanale has been appointed COO, while Greg Daniel has been appointed Interim Executive Chairman.