Michael Hewitt has left his post as chief executive officer at Mobile Reach International and also resigned his board seat, the company announced late Friday afternoon.
He was replaced on an interim basis by Christopher Johnson, who will also act as president and treasurer, MRI said.
MRI, a developer of mobile business solutions, trades over the counter under the symbol MBRI. It closed at 8 cents on Friday.
Carl Hartman, another board member, also stepped down.
MRI has recently scaled back its workforce, according to an SEC filing. As of June 17, MRI employed 26 people, down from 32 earlier in the year. In January, MRI said it had 40 employees.
As part of the management changes, Mark Loyd, the founder and chief technology officer of Mobile Reach, was named CEO, president and treasurer for Mobile Reach Technologies, a subsidiary of MRI.
Paige Bendixsen remains CEO, president and treasurer of Mobile Reach Solutions.
The solutions subsidiary is built around Wave Consulting Group, which MRI acquired in February of 2003.
MRI reported revenues of $886,000 for the second quarter, double the figure for the preceding quarter. It lost $531,922.
In April, the company said it closed on $1 million as part of a private placement.
In May, MRI retained ROI Group Associates as investors relations counsel.
MRI was founded in 2000. It merged with a Florida company, Asphalt Paving, and became a public company in the summer of 2003.
Mobile Reach: www.mobilereach.com
