The departure of Andrew Sturner, president, corporate and business development, comes just a week after the firm announced a net loss for the quarter ended June 30 of $16.3million (EUR16.47m).
Sturner has quit, according to the firm, to pursue 'entrepreneurial ventures'.
He had headed up business development, e-commerce and business and legal affairs.
He will be replaced by Mark Mariani, president of sales and marketing and Kenneth W. Sanders, CFO.
Mariani will be responsible for the revenue generating areas of business development and e-commerce, while Sanders will manage business and legal affairs. Sturner has agreed to continue working on strategic initiatives for the company in a consulting capacity.
"Andy was one of the first executives I hired in 1995 and he has played an important role in establishing SportsLine.com as an industry leader," said Michael Levy, SportsLine.com's founder and CEO.
"In the seven years I have worked with Andy, he has demonstrated he is one of the brightest strategic thinkers in the industry, and I am certain he will be successful in his next venture."
