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(Alliance News) - Trustpilot Group PLC on Monday named Adrian Blair as its new chief executive officer, effective from September 13.
The Copenhagen-based online consumer reviews platform said Blair previous served as global chief operating officer at UK takeaway food company Just Eat from 2011 to 2018, playing a "key role" in its growth and transition "from a loss-making start up to a FTSE 100 company generating over GBP170 million" of earnings before interest, tax, depreciation and amortisation.
Just Eat was acquired by a Dutch rival in 2020 and now is called Just Eat Takeaway.com NV
Blair then served as CEO at software-as-a-service accounting automation platform Dext Ltd, where Trustpilot noted a trebling of user numbers around the world under his leadership, as well as delivering "significant product innovation, gross margin and bottom line improvement".
Blair most recently served as chief business officer at digital-first healthcare-at-home company Cera Ltd.
"We believe he has a unique range of experiences which made him the standout candidate for the role - from working with founder-led businesses through to helping lead Just Eat into the FTSE 100," said Trustpilot Chair Zillah Byng-Thorne.
"He has a proven track record in growing platform and SaaS businesses, and everyone at Trustpilot is looking forward to working with him."
Trustpilot Founder & CEO Peter Holten Muhlmann commented: "I believe that in Adrian we have found the right individual to lead Trustpilot through the next phase of its growth...and this appointment gives me great confidence in its future."
Incoming CEO Blair added: "There is an even more exciting opportunity ahead as trust and transparency become ever more important for businesses and consumers around the world. With strong financial and operational foundations in place, I look forward to working with the team to further Trustpilot's mission, building trust and transparency across the communities we serve."
Shares in Trustpilot were down 0.5% to 77.10 pence each in London early Monday. Across last week, they were up 13%.
On Thursday last week, Trustpilot said it expects to report higher revenue and bookings in the first half of the year.
Revenue in the six months that ended June 30 was up 15% to USD85 million from USD73 million a year before, or 18% at constant currency. For all of 2023, it repeated its guidance for mid-teens percentage revenue growth at constant currency.
Total bookings in the period was estimated to have increased by 13% to USD98 million from USD87 million the year before. The increase was 16% at constant currency.
By Greg Rosenvinge, Alliance News reporter
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