A year on from securing a $5 million funding round, TravelShark CEO Sue Heilbronner has quit the company for a new role with a payment system provider.
Heilbronner's exit to become chief revenue officer at PaySimple has led to the swift instalment of Toma Bedolla as CEO after he consulted with the company during late-2011.
The departure of the CEO of the travel site network provider follows that of content manager Brian Naslund in June this year.
TravelShark secured its investment round in June 2011 from DLA Holdings, a Singapore-based private equity firm, bringing its total investment at that stage to $8 million.
Since the capital raise, the most notable development at the TravelShark was the acquisition of the assets from failed European travel destination events startup, Joobili.
Bedolla says:
"Obviously we're working towards a smooth transition for the team here in Boulder. Sue Heilbronner was a big part of this team and any transition leadership is always an important time."
Heilbronner declined to comment in detail, only to confirm her departure from the company and appointment of Bedolla.
The new CEO, once a professional golf caddy, is also currently interim CEO of Approbatics.
NB:Shark jump image via Shutterstock.