RhythmOne PLC Executive and Directorate Changes (2991Q)
11 September 2017 - 4:01PM
UK Regulatory
TIDMRTHM
RNS Number : 2991Q
RhythmOne PLC
11 September 2017
RHYTHMONE PLC ANNOUNCES EXECUTIVE AND DIRECTORATE CHANGES
Edward Reginelli to Rejoin Company as Chief Financial Officer
and Join Board as Executive Director
London, England and San Francisco, CA. - 11 September 2017 -
RhythmOne plc ("RhythmOne", "1R" or the "Company"; LSE AIM: RTHM),
is pleased to announce the appointment of Mr. Edward Reginelli as
Chief Financial Officer ("CFO"). Mr. Reginelli will be rejoining
the Company in the role he left earlier this year, and will be
taking over from Mr. Richard O'Connor, who has decided to step down
to pursue opportunities outside of RhythmOne. Richard has agreed to
continue to serve in an advisory capacity through December 2017, to
ensure an orderly transition.
Mr. Reginelli [age 46] will be rejoining RhythmOne at the end of
September 2017, returning to a position he held previously for over
four years. During his tenure with RhythmOne, Mr. Reginelli
established critical financial controls and processes across the
Company, enabling it to transform into a leading programmatic
platform within the digital advertising sector. Most recently, he
helped to shepherd RhythmOne's return to profitability after a
period of significant industry change and Company transformation.
Mr. Reginelli's return allows the Company to tap his significant
financial expertise during a pivotal time of accelerated growth,
and to leverage his deep knowledge of digital advertising, ad-tech
and mergers and acquisitions (M&A).
"Ed's return to RhythmOne adds proven financial and commercial
expertise that will be invaluable as the Company actively pursues
organic and inorganic growth opportunities," said Ted Hastings, CEO
of RhythmOne. "Ed's knowledge of RhythmOne will allow for a
seamless transition, and will help to ensure our continued success
in an industry characterized by rapid change and consolidation. I
welcome Ed back, and look forward to working with him to build a
leading, global, digital advertising company with significant scope
and scale."
"Similarly, we extend our sincere thanks to Richard O'Connor for
his contributions to RhythmOne as the CFO over the past eight
months," said Mr. Hastings. "During his tenure with the Company,
Mr. O'Connor was instrumental in closing RhythmOne's accounts for
Financial Year 2017, facilitating the Company's multiple M&A
transactions this year and maintaining a strict cost discipline
across the enterprise as RhythmOne continues to scale organically
and integrate the acquired assets. We appreciate his continuing to
serve in an advisory capacity during transition, and wish him all
the best in his subsequent endeavors."
The Company is also pleased to appoint Mr. Reginelli to the
RhythmOne Board as an Executive Director, effective upon his
joining at end September 2017.
"We are delighted to have Ed join the RhythmOne Board, given his
intimate knowledge of both Company and industry, " said Raj
Chellaraj, Non-Executive Chairman of RhythmOne. "Ed's financial
competency and experience will add essential expertise to the Board
as RhythmOne charts its course for accelerated growth."
Mr. Reginelli does not currently hold any directorships and held
the following directorships in the five years preceding his
appointment to the Board:
-- BLINKX (UK3) LIMITED
-- BLINKX MEDIA LIMITED
-- BLINKX (UK) HOLDING LIMITED
-- BLINKX (UK2) LIMITED
-- BLINKX UK LIMITED
RhythmOne confirms there is no other information required to be
disclosed pursuant to Schedule 2 paragraph (g) of the AIM
Rules.
The information communicated herein constitutes inside
information.
About RhythmOne
RhythmOne is a technology-enabled digital media company that
connects online audiences with brands through premium content
across devices. Founded in 2004 in the UK, the Company pioneered
Internet video search and works with digital advertisers,
publishers and content providers to offer fully integrated,
cross-screen solutions that span desktop and mobile video, rich
media, display, social and native advertising, and content formats.
Through its fully integrated programmatic platform, RhythmMax, the
Company offers digital advertising inventory across owned,
controlled and extended supply sources. The RhythmMax platform
includes unique brand safety technology, RhythmGuard, which
combines leading third-party verification and proprietary filtering
technologies to ensure inventory quality in brand safe
environments. RhythmOne's goal is to maximize the return on
advertising spend and provide the most efficient and effective
marketplace for digital advertising. The Company is headquartered
in San Francisco, United States with offices in the US, UK and
Canada. For more information, please visit www.rhythmone.com.
Press Contacts for RhythmOne
Analyst and Investor Contact Financial Media Contacts
Dan Slivjanovski Edward Bridges / Charles Palmer
RhythmOne plc FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian /
Toby Adcock / Mark Lander
Numis
(UK) 020 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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