Demand Media Shuffles CFO

Santa Monica-based online publisher Demand Media reported Thursday that it is shuffling its CFO, and is promoting its Senior Vice President, Finance and Treasurer Mel Tang to the CFO position. Current CFO Charles Hilliard becomes a Special Advisor to Demand Media's board of directors. Demand Media did not say why it made the change, however, it said it is reaffirming its financial guidance for the second quarter ending June 30, 2012 and full year ending December 31, 2012 with the move. Hilliard has at Demand Media for five years. Tang has been at Demand Media since 2006, and previously served at UBS, venture capital firm Prime Ventures, and as an analyst at Donaldson, Lufkin & Jenrette.