Live engagement marketing platform DoubleDutch has replaced CEO Bryan Parker, who was appointed from COO to CEO just two months ago, TechCrunch has learned. Lawrence Coburn, founder of DoubleDutch, has since been reinstated as CEO.
DoubleDutch's board made the decision to replace Parker with Coburn today, according to a source familiar with the situation. Parker first joined the company earlier this year in June. DoubleDutch has confirmed to TechCrunch that Parker is no longer in charge, but will remain employed at the company.
"Bryan Parker remains actively involved with the company in a senior capacity and will work with DoubleDutch, its board and its leadership team on its strategic growth plan going forward," a DoubleDutch spokesperson said in a statement. "Lawrence Coburn, the founder and original CEO of the company, is resuming his role as CEO. We look forward to Bryan continuing to make important contributions to the future success of the company."
What's not completely clear is the rationale behind the decision, but in a follow-up text message specifically asking why Parker would no longer be CEO, Colburn said, "we’re a startup... always looking to put people in the best spots to be successful."
This year has been full of ups and downs for DoubleDutch. In January, the company laid off 40 percent of its staff, including the CFO, CCO and VP of Customer Success. But then in September, the company acquired Eventgrid and, at the same time, announced Parker would be promoted to CEO. That, of course, was very short-lived.
DoubleDutch, which first launched in 2011, has raised over $78 million in venture capital from investors like Bessemer Ventures, Index Ventures and others.
I've been in touch with members of the board and will update this story as I get more information.
Megan Rose Dickey can be reached securely on Signal at 415-419-9355, and their PGP fingerprint for email is: 2FA7 6E54 4652 781A B365 BE2E FBD7 9C5F 3DAE 56B
- This article originally appeared on TechCrunch.