LONDON (Alliance News) - Matomy Media Group PLC said on Wednesday Chief Executive Liam Galin has left the company with immediate effect.
Chair Sami Totah will become interim CEO and interim CFO Ilan Tamir will become chief operations officer.
Galin said: "It has been a privilege to work with the many talented people that make up the Matomy team. While it has been a bumpy road, I am proud of our ability to take difficult decisions when needed in order to streamline the company's business and set its future path.
"My departure, to explore a new entrepreneurial opportunity, is only a natural stage in Matomy's life as it remains with only one asset and should be treated as such."
Shares were 11% higher on Wednesday afternoon at 7.75 pence each.
