Matomy Media Group Ltd Matomy Media Group - Changing in Management (3883C)
13 April 2017 - 4:00PM
UK Regulatory
TIDMMTMY
RNS Number : 3883C
Matomy Media Group Ltd
13 April 2017
FOR IMMEDIATE RELEASE
13 April 2017
Matomy Media Group Ltd.
Resignation of CEO and Appointment of New CEO
After nearly a decade of launching and leading Matomy,
Co-Founder and Chief Executive Officer, Ofer Druker, has decided to
step down from his role as CEO, to pursue new challenges.
With the unanimous support of Matomy's Board of Directors and Mr
Druker's full endorsement, Mr Druker will hand over the helm to
Sagi Niri, effective immediately. Mr Niri is currently Matomy's
Chief Financial Officer and Chief Operating Officer, and has worked
closely with Mr Druker as a key member of Matomy's management team
since joining Matomy in 2008. Mr Druker built Matomy from its
inception to a leading global digital media company, with revenues
of $276.6M in 2016. Mr Druker is responsible for leading Matomy's
most important strategic transactions, including the acquisitions
of Team Internet, Media Whiz, Mobfox and Optimatic, which are key
elements in Matomy's transformation into a data-driven,
programmatic media company focusing on Mobile and Video
advertising, as well as Matomy's 2014 initial public offering on
the London Stock Exchange and dual-listing on the Tel Aviv Stock
Exchange. Mr Druker will also step down as a director, effective
May 30, 2017. He has agreed to provide ongoing strategic and
business development advice and assistance, for a period of at
least one year, allowing a smooth and orderly handover of the CEO
responsibilities
Mr Druker said: "I'm proud of my team and what we've
accomplished at Matomy. I've worked tirelessly from our days as a
start-up to our current status as a leading digital media company,
and it's now time for me to turn my attention to new challenges. I
wholeheartedly endorse Mr Niri as Chief Executive Officer, as
there's nobody better placed to lead Matomy into the next
evolutionary phase of this exciting industry. I wish him the best
of luck in this new role, and I look forward to maintaining my
close relationship with Mr Niri and the Matomy team. I'll continue
to support Matomy as it evolves rapidly to remain at the forefront
of the industry."
Harel Beit-On, Matomy's Chairman and Co-Founder of the Viola
Group, an Israeli technology-orientated private equity investment
group and a shareholder of Matomy, said: "We share Mr Druker's
pride in Matomy's successes, and we're grateful for all of his hard
work since its founding. On behalf of the entire Matomy board, I
hereby wish him much success in his future endeavours. We also look
forward to Mr Niri stepping into the CEO role to lead Matomy into
the next phase of its development."
Prior to joining Matomy, Mr Niri was Chief Controller at McCann
Erickson Israel Group, and a manager at Deloitte Israel. Mr Niri
holds a BA in Corporate Finance from the College of
Management-Academic Studies in Rishon LeZion, Israel, and an MBA in
Finance from Manchester University, United Kingdom. Mr Niri is also
a member of the Institute of Certified Public Accountants in
Israel.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a
world-leading media company with smarter marketing technology and a
personalized approach to advertising. By providing customized
performance and programmatic solutions supported by internal media
capabilities, big data analytics, and optimization technology,
Matomy empowers advertising and media partners to meet their
evolving growth-driven goals. Matomy's holistic mobile advertising
agency, mtmy, is fueled by an in-house Data Management Platform
(DMP), and offers a fully-managed service across channels including
video, display, social, email and search. Matomy's programmatic
platforms include the MobFox SSP, the video advertising platform
Optimatic, and the mobile demand side platform myDSP. Founded in
2007 with headquarters in Tel Aviv and 11 offices around the world,
Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.
Learn more about Matomy at http://www.matomy.com.
For more information:
Facebook: www.facebook.com/MatomyMediaGroup
Follow Matomy on Twitter: @MatomyGroup
LinkedIn: www.linkedin.com/company/matomy-media-group
Contact(s):
Matomy Media Group
Lipaz Kloper, Head of Investor Relations
lipaz.k@matomy.com
+972 773606161
Disclosure for Mr. Sagi Niri (age 45)
Previous directorships in the last 5 years outside Matomy
None
This information is provided by RNS
The company news service from the London Stock Exchange
END
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