LONDON (Alliance News) - Brave Bison Group PLC on Wednesday said it promoted non-executive director Kate Burns to be chief executive officer with immediate effect, replacing an incumbent in place for less than two year.
Brave Bison shares were trading 24% lower at 1.90 pence each, early Wednesday morning.
Burns joined the social video company in the role of non-executive last July. She succeeds Claire Hungate, "who has left the company", Brave Bison said without providing a reason. It thanked Hungate for "her valuable contribution". Hungate was named CEO in June 2017, having worked at Warner Bros.
"I would like to thank Claire Hungate who has turned the company from a serial loss maker into an EBITDA positive business, generating cash along the way and giving us a solid base for future growth," said Chair Robin Miller.
Burns has a "wealth of experience within the digital content and publishing industry", Brave Bison said, having held a range of roles at Google over six years, including regional director for the UK, Ireland and Benelux.
She is currently a Venture Partner at investment firm Hambro Perks.
Before joining Hambro Perks, Burns was CEO of AOL Europe, following which she joined BuzzFeed as European general manager.
Brave Bison (BBSN)