Proxama PLC Board Changes (8969U)
30 October 2017 - 6:00PM
UK Regulatory
TIDMPROX
RNS Number : 8969U
Proxama PLC
30 October 2017
30 October 2017
Proxama PLC
("Proxama" or the "Company")
Board Changes
Proxama PLC, (AIM: PROX), the leading mobile location and data
intelligence expert, announces that John Kennedy has resigned with
immediate effect and is replaced as CEO by Mark Slade who joined
the Board earlier this year and has been leading the Location
Sciences division.
Kelvin Harrison, Chairman, said,
"John has led the Company through a period of significant
change. The Company has been de-leveraged, refinanced and has
transformed its strategy. It is therefore now able to build on its
network of assets and partnerships to focus on the mobile location
intelligence market, with a new executive team.
Mark is already proving to be a fantastic addition to the Board,
and will bring tremendous energy to the role of CEO. Mark joined us
from Opera Mediaworks, where he was Managing Director, EMEA, and
has numerous senior relationships across the ad tech and media
giants. Mark founded and sold his mobile advertising business
Fourth Screen to Opera Mediaworks, and then helped grow the
business to over $100m in revenues. Mark's expertise is in the high
growth ad tech sector, as well as executing European
acquisitions."
Mark Slade, CEO, said,
"I am delighted to be taking the lead as the Company launches
into the location intelligence market with a range of products that
have huge demand from marketing agencies and brands as well as
other sectors. I would also like to acknowledge John Kennedy's hard
work in leading the transformation of the business."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation.
Enquiries:
Proxama PLC Via Redleaf Communications
Kelvin Harrison, Chairman
Peel Hunt LLP 020 7418 8900
(Nominated Adviser and Broker)
Edward Knight/Nick Prowting
Redleaf Communications
Charlie Geller 020 7382 4769
Fiona Norman
This information is provided by RNS
The company news service from the London Stock Exchange
END
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