Jamba CEO Hood Steps Aside

NEW YORK Lucy Hood, president of Fox Mobile Entertainment and CEO of Jamba, has resigned from her position.

Sources said Hood has left to start up her own company. She could not be reached for comment.

“It’s been extremely exciting and rewarding for me to help build News Corp.’s mobile business over the past few years, but I’m eager to pursue more entrepreneurial ventures and I’m looking forward to the next opportunity,” said Hood in a statement.

Hood helped establish Fox Mobile Entertainment in 2005. She also oversaw News Corp.’s move into the global mobile entertainment space in 2006. This was done through entering into a joint partnership with VeriSign for Jamba, a mobile content company. Jamba subsequently merged into Fox Mobile Entertainment.

Jamba COO Lee Fenton will serve as interim CEO until Hood’s replacement has been named. Fenton is being considered as a strong internal candidate, said a Fox representative.