13 Feb 2017 07:00
DIRECTORATE CHANGE
London, England and San Francisco, California - 13 February 2017 - RhythmOne plc ("RhythmOne" or the "Company", LSE AIM: RTHM) is pleased to appoint Mr. Edward ("Ted") Hastings, age 42, as an Executive Director of the Company, effective immediately.
Based in Waterloo, Ontario, Ted brings over fifteen years' experience in building successful software, Internet and digital media companies. Most recently, Ted served as the CEO of Perk Inc. ("Perk", TSE: PER), the mobile-first supply side rewards and engagement platform that was acquired by RhythmOne in an all stock transaction, completed on 19 January 2017.
Prior to Perk, Ted served as CEO for Rebellion Media, a diversified digital media company, where he completed 13 acquisitions in the first two years of operation, and was instrumental in generating $80 million in annual revenues in the company's first complete calendar year. Previously, Ted served as President at Geosign Corporation, which was subsequently sold to Moxy Media/Tsavo Media, a wholly-owned subsidiary of American Capital. Assuming the role of President and CEO at these firms, he built out the executive teams, managed company restructuring and oversaw key financing and acquisition activities - which included closing one of the largest private equity financing deals in Canada in 2007. Tsavo Media was subsequently acquired by Cyberplex Inc. (TSX: CX). Prior to Geosign, Ted was CEO at sales and distribution software company Global Beverage Group, where he oversaw financial and operational budgets, defined sales and marketing processes and negotiated multi-million dollar customer contracts. He was responsible for the subsequent sale and successful integration of Delivery Division (formerly Global Beverage Group) into 3M, a Fortune 100 company. Ted began his career as an associate in the Audit division of Deloitte & Touche LLP in Canada.
Ted currently serves on the boards of Push Strength, a sports technology company that seeks to improve human potential in athlethic performance, and Fongo, a low-cost phone service targeting Canadian small businesses. Previously, he served on the boards of Maintenance Assistant, Coreworx, Brick Brewing and Communitech. He was inducted into the Waterloo Region Hall of Fame as Intrepid award winner in 2010, and named to Canada's Top 40 under 40 for 2009. He also served as head executive coach of HyperDrive, a $30 million venture fund located in Waterloo, Ontario. Ted holds a Bachelor of Business Administration from Wilfrid Laurier University.
"Ted brings significant digital advertising, publishing and ad-tech experience to the RhythmOne Board, which will be critical as our business continues to evolve within a competitive and dynamic industry," said Raj Chellaraj, Non-executive Chairman of RhythmOne. "Ted's proven commercial and M&A expertise will be instrumental as the Company actively pursues continued growth. We are glad to welcome Ted to the RhythmOne Board."
"Ted has significant tenure within online advertising and ad-tech, and brings invaluable insight into the forces shaping the sector. Given his long and successful tenure in the indusry, he is uniquely qualified to help drive both organic and inorganic growth for the Company, as an Executive Director on the Board," said S. Brian Mukherjee, CEO of RhythmOne. "We are thrilled to have Ted join the Executive team and the Board."
RhythmOne confirms there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
The information communicated herein constitutes inside information.
About RhythmOne
RhythmOne is a technology-enabled digital media company that connects online audiences with brands through premium content across devices. Founded in 2004, the Company pioneered Internet video search and works with digital advertisers, publishers and content providers to offer fully integrated, cross-screen solutions that span desktop and mobile video, rich media, display, social and native advertising, and content formats. Through its fully integrated programmatic platform, RhythmMax, the Company represents digital advertising inventory across owned, controlled and extended supply sources. The RhythmMax platform includes unique brand safety technology, RhythmGuard, which combines leading third-party verification and proprietary filtering technologies to ensure inventory quality in brand safe environments. RhythmOne's goal is to maximize the return on advertising spend and provide the most efficient and effective marketplace for digital advertising. The Company is headquartered in San Francisco, California with offices in the US, UK and Canada. For more information please visit www.rhythmone.com.
Analyst and Investor Contact Dan Slivjanovski RhythmOne plc
Financial Media Contacts
Edward Bridges / Charles Palmer
FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian / Mark Lander
Numis Securities Limited
(UK) 020 7260 1000