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Foursquare CEO Crowley Steps Down as App Seeks to Boost Growth

  • Location Services company raised $45 million in funding round
  • Crowley becomes executive chairman; Jeff Glueck takes CEO job
Dennis Crowley.

Dennis Crowley.

Photographer: Michael Nagle/Bloomberg

Foursquare Labs Inc. Chief Executive Officer Dennis Crowley is stepping down as the company seeks to restart growth under his successor Jeff Glueck.

Crowley will become executive chairman of the location-services startup he founded, which raised $45 million in the latest equity funding round, he said in an interview Thursday. Glueck replaces him after 18 months as chief operating officer. Steven Rosenblatt, the chief revenue officer hired to help Foursquare boost sales, will become the president and act as Glueck’s “co-pilot,” Crowley said.