CallWave Loses CEO

Santa Barbara-based Callwave said Monday afternoon that Dave Hofstatter, the firm's President and CEO, has left the firm. Mark Stubbs, the company's CFO, is serving as interim CEO. According to the company, Hofstatter left the company to "pursue other business opportunities". Hofstatter co-founded CallWave in 1998. The company said that it has formed a search committee to recruit a permanent CEO.