The mastermind behind Sausage Software, Steve Outtrim, has resigned as director of the company he founded six years ago.
Outtrim announced his resignation at a press conference last week in one of his rare appearances in the limelight, although this hardly comes as a surprise.
The industry has been speculating on his resignation since he started selling off shares late last year, despite numerous assurances he was "not thinking of moving".
Outtrim is said to be the brains behind Sausage's leading software product, the Hotdog Web editor. He has retained a 12 per cent share of the company, making him the largest individual shareholder.
Sausage is one of Australia's first dot.coms and listed on the stock exchange in October 1996 at seventy-five cents a share. In mid-February, Outtrim collected $51 million after selling ten million shares at $5.10 each.
Once a high-profile Internet industry figure, Outtrim actively downscaled his public position into virtual reclusivity, preferring to concentrate on product research and development. He says he has no great plans for the future, other than a trip to Europe, but admits that business offers have been coming at him from all quarters.
Outtrim's resignation was announced just eight days after that of long-time director and former managing director, Craig Welch.