XLMedia PLC Board and management changes (9453G)
29 Julio 2019 - 01:01AM
UK Regulatory
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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