Kymeta Corp., the antenna company backed by Microsoft co-founder Bill Gates, says that CEO Nathan Kundtz will be leaving his post next month to make room for an executive who’ll be focused on the startup’s next stage of evolution.
Marc Stolzman, the Redmond, Wash.-based company’s president and chief financial officer, will take charge of day-to-day operations while the board of directors conducts a search for the next CEO. Kundtz, who has been with Kymeta since it was spun out of Intellectual Ventures in 2012 and has served as CEO since 2015, will continue his relationship with the company in an advisory role.
In a news release, both Kundtz and Kymeta said the changeover was amicable.
