LinkShare president Steve Denton has resigned as head of the performance network. The news came Tuesday from a press release put out by the company.

NEW YORK, March 18 /PRNewswire/ — LinkShare, a leading pay-per-action marketing network, announced the resignation of Stephen R. Denton as President of the company and two promotions in its executive management team.

Kelli Beougher, Vice President of Lead Generation Services, was
promoted to Senior Vice President and will add responsibilities for LinkShare’s push into new businesses, as well as day to day management of ts extensive publisher network. Beougher joined LinkShare in 2001, and has held senior roles in client and network development services. Prior to joining LinkShare, she held positions at both Priceline Webhouse and LexiQuest. She began her career at GE Capital Management, and is a Six
Sigma Black Belt and holds a B.B.A. in Marketing from the University of Texas at Austin.

Arun Bordoloi, Senior Vice President of Services, who currently runs LinkShare’s Affiliate Marketing business, was given the additional responsibility of leading LinkShare’s growing Search Engine Marketing (SEM) business. Prior to LinkShare, Bordoloi was Senior Vice President for Draftfcb. Before that, he spent eight years at Razorfish (AvenueA/Razorfish). Mr. Bordoloi started his career in management consulting for Ernst & Young and Deloitte Consulting. He holds a B.S.E.E.and an M.S.E.E. from the Massachusetts Institute of Technology (MIT).

While a search for Denton’s replacement gets underway, his duties will be assumed by John J-H Kim, who will become Interim President in additionto his role as CEO of LinkShare’s parent company, Rakuten USA.

“During his tenure at LinkShare, Steve made important contributions to the organization-helping to build a strong client services team, introduce innovations in technology and service offerings, and expand LinkShare’sglobal presence,” said John J-H Kim. “We thank him for his manycontributions to LinkShare and wish him well in his new endeavors.”

I’ll have more on this later. I’m trying to contact Steve for comment. Also, I’m sure today’s Geekcast.FM show will talk about this issue.