[via Joi]

Have a look at the official press release and at the Mozilla website.

On August 3rd, 2005, the Mozilla Foundation, a non-profit public benefit software development organization, launched a wholly owned subsidiary, the Mozilla Corporation. The Mozilla Corporation is a taxable subsidiary that serves the non-profit, public benefit goals of its parent, the Mozilla Foundation, and will be responsible for product development, marketing and distribution of Mozilla products.

The board of the Mozilla Foundation includes Mitch Kapor, Brian Behlendorf, Mitchell Baker, Brendan Eich, and Joichi Ito.

The board of directors of the Mozilla Corporation includes Mitchell Baker, Christopher Blizzard, and Reid Hoffman, CEO of LinkedIn. Mitchell Baker is president of the Mozilla Corporation.