July 17, 1997

In News.com

Wired Ventures, publisher of Wired magazine, books, and Internet content, announced today that it has begun a search for a new chief executive.

Louis Rossetto, founder and current chief executive, will step down from the company's daily operations once a new CEO is found. He will remain chairman and continue to serve as editor and publisher of Wired magazine, as well as being involved in new product development, according to the company.