Razorfish Founders Step Down

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

As expected, Razorfish founders Jeff Dachis and Craig Kanarick have stepped down as CEO and chief strategic officer, respectively, of the New York-based i-shop they founded in 1995. The news came as once-profitable Razorfish posted its second consecutive quarterly loss on Thursday after markets closed. Jean-Philippe Maheu, formerly COO of Razorfish, has been promoted to CEO, while Dachis and Kanarick will continue to serve as co-chairman of the i-shop’s board of directors.

According to Razorfish, first quarter revenues declined one-third from a year ago, to $42.7

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in