News about Roelof Botha

John Riccitiello (left), the founder of San Francisco and board member, announced his resignation on Monday. Although the change is immediate, Riccitiello will remain on the company payroll 'to help with the transition' until April 9, when which time his stock awards will continue to vest, according to regulatory filings first reported by SF Gate. Riccitiello is set to receive another stock grant in November and two more rounds of incentive stock options ahead of his April 9 retirement date, which would be worth nearly $10 million at current rates.