(Alliance News) - Bango PLC said Wednesday that David Sear has stepped down after nine years as chair "in line with corporate governance best practice."
Ray Anderson, who is currently a chief executive officer of the company, will succeed Sears to become executive chair of Bango.
In his new role, Anderson will "increase his focus on growing the early stage data monetization activities of Bango Marketplace and the Audiens business," and will also continue to develop strategic partnerships in Asia and the US, Bango said.
Anderson will be succeeded by Paul Larbey, who's been chief operating officer of the company since March 2019. Before Bango, he led the Video Division in Nokia Corp, following its acquisition of Cambridge, UK based Velocix Ltd.
"As CEO, Paul will lead the Bango team as it continues to capitalize on the significant growth opportunity from the Bango Platform and data monetization," the mobile commerce company said.
Eric Peacock, senior independent director and chair of the Bango Nominations Committee, said: "The combination of smart, experienced non-executive directors, an industry renowned executive chair and a seasoned, growth-oriented CEO gives Bango strong leadership together with effective governance - a winning combination for shareholders and customers" .
Bango shares were trading 0.5% lower in London at 110.00 pence each on Wednesday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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