David Hyman, the founder of online music service MOG has stepped down from his position as CEO of the company, months after selling it to Beats Electronics.
“Effective immediately, David Hyman will be stepping down from his role as CEO of MOG, but will continue working closely with the company as a strategic advisor” a Beats representative said.
Many saw the purchase of MOG back in July of this year as fulfilling a important part of Beats’ business goals, and it seems that although Hyman will still be giving his input to the company he’s going to enjoy some time off.
In a Facebook post written soon after news broke he said, “MOG… my child, it’s been a long great journey. But like Sting said, ‘If you love something, set it free.’ You’re in good hands at Beats. I’m looking forward to my first real break since 1994. Nepal? Kauai? Taking a year off. Do not disturb.”