Ancestry.com CEO steps down, company delays plans for IPO
SALT LAKE CITY — In a surprise move, Lehi-based Ancestry.com made a double-pronged announcement Tuesday that longtime CEO Tim Sullivan is stepping down and the company will delay a much-anticipated public stock offering.Sullivan will step down Oct. 1 and transition to chairman of the company's board of directors, the online family history network said in a news release.Ancestry.com announced in June that its initial public offering was expected to come together before the end of the year.S
Read more »