Revver CEO resigns, now just chairman

Steven Starr, CEO of online video portal Revver, has stepped down from his position, but will become the chairman of the company's board of directors. Starr is the last in a long line of founders at Revver to step away. COO Kevin Wells will take on the CEO position. Wells was one of the first executives to join the company as the founders began to exit: Ian Clarke and Oliver Luckett left at around the same time last fall.

"Steven and I are squarely focused on developing Revver's core strengths, making sure it remains the new media network of choice for future generations of content creators," said Wells in a statement.

Revver is widely credited with pioneering revenue-share agreements with the most popular video posters on its site.

For more on Wells and Starr:
- read this report from NewTeeVee
- and check out this statement