November 3, 2004 — (WEB HOST INDUSTRY REVIEW) — Domain name registration provider Register.com (register.com) announced on Tuesday that Richard D. Forman, co-founder and former chairman and CEO of Register.com, has decided to resign from the company’s board of directors. Following his resignation, the company’s board elected to reduce its size to eight directors.
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Since its inception in 1994, Forman had been a member of the Register.com board. He then served as chairman of the board of directors from May 1999 to September 2002, as CEO from March 1996 to June 2003, and as president from March 1998 to June 2003. His brother Peter A. Forman has been the company’s president and CEO since June 2003.
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During his time at Register.com, Forman expanded the company from under $1 million per year in annual revenue to an enterprise with over $100 million in annual revenue by 2002. He played a vital role in deregulating the registrar market for domain names, leading Register.com to become one of the first of the five test-bed registrars to compete in the domain name registration market. Forman also took the company public in March of 2000.
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“Building Register.com has been an amazing and powerful experience,” says Forman. “Since stepping down as CEO in June of 2003, I have been active in a variety of technology and non-technology opportunities and, as these opportunities consume more of my time, I am comfortable that this is the appropriate time for me to move on. I wish the Company continued great success. I am a large shareholder in the Company and will always feel a strong connection to Register.com.”
