Darren Herft, co-founder of Australian streaming service Guvera, has quit his role as CEO, after the company recently placed two of its subsidiaries into administration.
Herft stepped down from the role just over a week ago, although his departure was not made public at the time. Co-founder Claes Loberg will take temporary charge of the company in his absence.
Herft’s decision to resign comes after Guvera’s Australia-based subsidiaries Guv Services and Guvera Australia went into administration, resulting in the loss of around 40 jobs from its local operation, according to Australian website Mumbrella.
Guvera was recently denied permission to list on the Australian Securities Exchange, where it hoped to raise up to $80m.
Loberg has confirmed that Herft will keep his place on the Guvera board.