TIDMXLM

RNS Number : 9453G

XLMedia PLC

29 July 2019

 
  29 July 2019 
 

XLMedia PLC

("XLMedia" or "the Group" or "the Company")

Board and management changes

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to announce the appointment of Stuart Simms as Chief Executive Officer with effect from 2 October 2019. Ory Weihs, will continue in his role as Chief Executive Officer until Stuart's arrival and thereafter will remain on the board as a Non-executive Director of the Company.

Stuart has significant experience in technology companies, and specifically the performance marketing sector, and joins having previously held several board and senior executive positions, including as Chief Executive Officer, of Rakuten Marketing ("Rakuten"), one of the world's largest performance marketing companies with revenues in excess of $1 billion. During his tenure at Rakuten, Stuart oversaw a substantial transformation and re-structuring of the business, resulting in a return to growth. Stuart implemented a clear strategy to utilise inhouse technology and integrate acquisitions, accelerating both revenue and profit growth.

Prior to Rakuten, Stuart was Chief Operating Officer of Fits Me, a consumer data and analytics company acquired by Rakuten in June 2015. Post the sale to Rakuten, Stuart assumed the role of Chief Executive Officer of Rakuten Fits Me, overseeing the integration of Fits Me into the enlarged group. Earlier in his career, Stuart held a number of senior executive positions with leading technology businesses, including Microsoft, IBM and Rackspace.

From the date of Stuart's appointment, Ory will move to a Non-executive Director role, enabling him to continue to support the Board, whilst also allowing him to pursue other business interests outside of XLMedia.

The Company also confirms that Inbal Lavi, currently Chief Executive Officer of XLMedia's wholly owned subsidiary, Webpals Systems S.C.Ltd ("Webpals Systems"), has resigned from Webpals Systems in order to pursue other business interests. The Board would like to thank Inbal for her contribution and wish her the best for the future.

Chris Bell, Non-executive Chairman of XLMedia, commented:

"We are delighted to welcome Stuart to XLMedia and believe he is ideally placed to help deliver the next phase of our growth. His extensive knowledge of the performance marketing arena and technology makes him an ideal candidate to lead our business and both myself and the Board look forward to working with him.

"I would also like to take this opportunity to extend our sincere gratitude to Ory for his outstanding contribution to XLMedia, a business he established in 2008. We are also pleased Ory will be remaining with the business as a Non-executive Director allowing the Board to continue to benefit from his expertise."

In accordance with Schedule 2(g) of the AIM Rules, Stuart Antony Bridge Simms (aged 49) holds or has held in the past 5 years the following directorships and partnerships:

 
 Current                         Past five years 
 Bridge Performance Consulting   Fits.Me Holdings Limited 
  Ltd                             White Oak Underwriting Agency 
  Loopr Ltd                       Limited 
  Cbridge Technologies Limited    International Media Futures 
                                  Limited 
                                ------------------------------- 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 ("MAR").

For further information, please contact:

 
 XLMedia plc                              Tel: 020 8817 5283 
  Chris Bell, Non-Executive Chairman 
  Ory Weihs, Chief Executive Officer 
  www.xlmedia.com 
 Vigo Communications                      Tel: 020 7390 0233 
  Jeremy Garcia / Fiona Henson / Simon 
  Woods 
  www.vigocomms.com 
 Cenkos Securities plc (Nomad and Joint   Tel: 020 7397 8900 
  Broker) 
  Giles Balleny / Max Gould 
  www.cenkos.com 
 Berenberg (Joint Broker)                 Tel: 020 3207 7800 
  Chris Bowman / Mark Whitmore / Simon 
  Cardron 
  www.berenberg.com 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 29, 2019 02:01 ET (06:01 GMT)

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