DivX Loses CTO

San Diego-based DivX said late Wednesday that the firm's Senior Vice President and Chief Technology Officer, Markus Moenig, has resigned from the firm. According to DivX, Moenig, who joined the firm when it acquired MainConcept in November of 2007, is returning overseas to "explore new entrepreneurial opportunities." DivX said that Jim Reesman, the firm's Vice President of Engineering, will now lead its global engineering organization. DivX is a developer of codec technology used for encoding digital video.