Network Solutions' Chief Resigns
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Battista will become Tel-Save's chairman, chief executive officer and president when he formally joins the firm in December.
Daniel Borislow, Tel-Save.com's current chairman and chief executive officer, said Battista's experience in the telecommunications and e-commerce industries will be a big asset.
"His Internet experience and relationship will increase the company's breadth as it rolls out additional e-commerce products and services. Gave has produced consistently for Network Solutions since taking it public where he has delivered over 100 percent revenue and earnings growth annually," Borislow said.
In a brief statement, Battista said he was leaving to take advantage of "new challenges and a once in a lifetime opportunity."
He said Network Solutions still has a vibrant business and strong management and finances.
Network Solutions said Michael A. Daniels, the company's chairman, will assume Battista's duties until a successor can be found. Robert J. Korzeniewski, the company's chief financial officer, will serve as acting chief operating officer and oversee the company's daily operations.
Network Solutions has been under contract from the National Science Foundation to manage the domain name system. The government recently granted the company a two-year extension to continue in its role while the Internet Corporation for Assigned Names and Numbers prepares to take over the Internet address system.
Over the weekend, ICANN held its first public meeting to get input on its plans to take over the Internet's address system. At that meeting, several people criticized the board for not making its proceedings more public. They also charge that the group of interim directors needs to be more accountable to the Internet community.
ICANN is currently waiting for approval from the Department of Commerce before taking over its new role.