AVG announced that its CEO, J.R. Smith, is to resign from his position. Following the resignation, he will become a member of the company's supervisory board. Meanwhile, he is to remain in the CEO post until a successor is found.

Smith had been at the helm of the anti-virus software company for six years. AVG said it has retained the services of executive search firm SPMB to assist it in the hunt for a new chief executive.

"I am proud of what we've accomplished: substantially growing the customer base, delivering strong financial performance, successfully leading our IPO and building a world class business and management team," said Smith of the company during his tenure.

The article AVG CEO Resigns originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in AVG. The Motley Fool has no position in AVG. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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