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28 Jan 2015 15:30
28 January 2015
Rightster Group plc
("Rightster" or the "Group" or the "Company")
Rightster announces transition to new Chief Executive
Rightster announces today that its Chief Executive, Charlie Muirhead, has stepped down as CEO and will be succeeded by Chief Commercial Officer, Patrick Walker, who will take over with immediate effect. Mr Walker will also be appointed to the Board of the Company in due course.
Patrick Walker has held a number of senior roles in the sector. He worked at Base79, which was acquired by Rightster, as Chief Content Officer after serving 8 years with Google and YouTube as the Senior Director of Content Partnerships, where he was responsible for launching and managing YouTube in Europe, the Middle East and Africa. Since the acquisition in 2014 he has served as the Group Chief Commercial Officer.
Patrick will be supported by Niall Dore, who will continue to serve as Chief Financial Officer, and the Company will be appointing a Chief Operating Officer in due course. Charlie Muirhead will continue to be a member of the Board.
Patrick Walker said: "I am delighted and feel very honoured to be leading this business which means so much to so many people. We will continue to deliver upon our promise to be the Upload Once, Commercialise Everywhere network. Since I joined the Company last summer I have been invigorated by the people I work alongside and we are all committed to delivering a world class product, generating results for our investors and to being a fantastic place to work for our exceptionally talented team."
Charlie Muirhead commented, "The transformation of Rightster into the first online video distribution network that is a public company is one I have been proud to lead. I am very proud of the Company that I have built and of the team that has supported me in that process. I look forward to being able to continue to contribute to the success of the business."
Mark Lieberman, chairman of Rightster said: "Charlie has had a tremendous impact on the industry since he founded the Company and we would like to put on record our thanks to Charlie for his dedication to the Company. We transition from his leadership with a clear strategy, top-class leadership team, a new technology platform, and a renewed focus on the customer. The succession plan will now take effect and Patrick and the team will push the Company on to the next level. We are delighted that someone of Patrick's stature in the online video industry will succeed Charlie and lead the next phase of our growth."
For further information please contact:
Rightster Group plc via Newgate
Niall Dore, CFO
Cenkos Securities Tel: 020 7397 8900
Max Hartley (Nomad) / Julian Morse (Sales)
Newgate Tel: 020 7653 9850
Tim Thompson/ Robyn McConnachie
About Rightster Group plc
Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster's cloud-based software and services platform makes it simple for Content Owners and Creators, Publishers and Aggregators and Brands and Media Agencies to unlock the value of video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster's network stands at over 1,950 Content Owners and over 7,500 Publishers. The Group now employs 256 staff in 11 offices across 10 countries.
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