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Bitly CEO Peter Stern has resigned to pursue other interests, says the URL shortening and enterprise analytics company. He will continue to remain a shareholder in the company. No further details were provided.

“Peter has been a key leader and contributor to the company,” said Bitly board member Sam Mandel. “In particular he has been instrumental in transforming Bitly into a successful business while growing its unparalleled data set. ”

Mr. Stern became Bitly’s CEO in May 2011.