25 Sep 2014 07:04
NON-EXECUTIVE BOARD CHANGES
London, England and San Francisco, CA. (September 25, 2014) - blinkx plc ("blinkx" or the "Company"), today announces two changes to its Board of Directors.
blinkx is pleased to announce the appointment of Mr. Raj1 Chellaraj as an Independent Non-executive Director, effective October 1, 2014. Raj brings over thirty years of finance, strategy and governance expertise in both the private and public sectors to blinkx. Raj will join the Company's Audit Committee.
Based in Palo Alto, California, Raj currently serves as Associate Dean for Finance and Administration at Stanford Business School. In this role he acts as the CFO, responsible for finance, accounting, human resources, procurement, information services, facilities and operations. Prior to joining Stanford University, Raj held several senior government positions in the George W. Bush administration. Most recently he was the Assistant Secretary of State for Administration in the United States Department of State, to which he was nominated by President Bush and confirmed unanimously by the United States Senate. Previously, he was a Senior Executive Officer at the United States Mint in Washington DC. He also served as Counselor to the Assistant Administrator at the United States Agency for International Development and Program Advisor at the United States Environmental Protection Agency.
In addition to his public sector expertise, Mr. Chellaraj has several years of senior corporate leadership experience, most recently as Vice President, Planning, at Hostess Brands Corporation, part of Ripplewood Holdings, where he was a member of the CEO's Senior Leadership Team. Earlier, he served as Director of Corporate Development at Celanese Corporation, a Blackstone Group Company, and held various management, finance, operations and planning roles at Exxon Corporation, Strategic Analysis Inc. and FMC Corporation.
Raj holds an MPA in Business and Government Policy from Harvard University, an MBA in Finance from New York University, an MS in Chemical Engineering from Clarkson University and a BS in Chemical Engineering from Madras University, India.
Dr. Michael R. Lynch has informed the Company that he will be stepping down from the Board of Directors as of December 31, 2014. blinkx is pleased report that that he has agreed to join its Advisory Board.
"Raj is a rare and exceptional talent in the business world, who brings significant finance, governance and leadership experience from both the private and public sectors," said Anthony Bettencourt, Non-executive Chairman of blinkx. "As our business continues to grow in scope and scale, through organic initiatives and strategic acquisitions, the varied experiences, vast knowledge and independence that Raj brings to the Board will be invaluable to our strategy going forward. We are delighted to welcome Raj to the Board." He added, "Mike has been on the blinkx Board since its inception, and was instrumental to the Company's genesis and evolution. All of us at blinkx owe Mike a debt of gratitude for his untiring support of the Company over the years. We are fortunate to continue to have access to him and his counsel in his role as a member of the Advisory Board."
blinkx confirms there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
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About blinkx
blinkx (LSE AIM: BLNX) is an Internet media company that connects consumers and brands through premium content online. Founded in 2004 in the UK, blinkx pioneered Internet Video Search using its patented COncept Recognition Engine (CORE). This technology leverages speech recognition, text and image analysis to deeply understand the meaning and context of video content to generate improved search relevancy for consumers and a brand safe environment for advertisers. Through its partnerships with hundreds of media companies, including NBC, Conde Nast, Reuters and Bloomberg, blinkx has indexed and search enabled millions of hours of video content. blinkx powers video search, discovery or monetization on thousands of online properties including Lycos, Discovery Networks, Hallmark and Fox Sports. blinkx is headquartered in San Francisco, California with 15 offices worldwide. For more information please visit www.blinkx.com.
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