iPod's Processor Maker Loses CEO

C|Net is reporting that the CEO of PortalPlayer has stepped down. PortalPlayer is the maker of the processor that powers Appleis iPod. According to C|Net, the move was a mutual one, and the chairman of the company is stepping in as acting CEO while the company looks for a permanent replacement. From C|Net:

John Mallard, who was chief technology officer at National Semiconductor before helping launch PortalPlayer in May 1999, stepped down last week. No reason was given for the move, which was made by "mutual agreement" with the board, according to Michael Maia, the companyis vice president of marketing.

"The board has requested, and (Mallard) has agreed, to stay on in a consultative role," Maia said. The companyis chairman, former National Semi executive Richard Sanquini, has been named acting CEO.

PortalPlayeris chief operating officer, R.S. Turnbull, is also switching to a consultant role at the company, Maia confirmed. He declined to comment on the reasons for the switch. A search for a new CEO is under way, with both internal and external candidates being considered, Maia said.

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