Genachowski Quits TM Board

Julius Genachowski has resigned from Ticketmaster Entertainment’s board of directors in the wake of his announcement as President Barack Obama’s pick to head the Federal Communications Commission.

The company made the announcement in a March 13 filing with the Securities and Exchange Commission, adding the vacancy will be filled by someone “determined to be independent under Rule 4200 of Nasdaq’s Marketplace Rules” as soon as possible.

Genachowski also served on TM’s audit committee.