In a company press release, that hit the wire immediately after the close of US markets today, it was announced that Glu Mobile (GLUU) President & CEO Greg Ballard was stepping down after 6 years with the company. Glu, which was founded in 2001 as Sorrent and went public in March 2007, has struggled to become profitable and, in what many analysts perceived as as major misstep, was a latecomer publishing games to the ultra-hot iPhone platform. That said, Glu is a highly regarded publisher and by virtue of being the biggest public US-based pure-play mobile games company they've become somewhat of an industry bellwether. Moreover, in his role as a well-liked and articulate CEO, Ballard had taken up the mantle from former industry luminaries like Mitch Lasky (Jamdat) and David Gosen (I-Play), as the voice of mobile gaming...so it should be no surprise that his sudden departure is sending shock waves through an industry that is perennially on tenterhooks.
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