TIDMMTMY
RNS Number : 3215B
Matomy Media Group Ltd
09 January 2018
9 January 2018
Matomy Media Group Ltd.
Management Changes
Liam Galin succeeds Sagi Niri as new CEO of Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA, "Matomy" or
the "Company") is delighted to announce the appointment of Mr. Liam
Galin to succeed Sagi Niri as Matomy's Chief Executive Officer with
immediate effect. Mr Galin will serve as President & CEO of
Matomy.
Mr. Galin, with an impressive technological background as well
as global business and management experience, will lead Matomy
through its next phase of growth. Well known and respected in the
telecommunications and advertising technology industries, he
previously served as President and Chief Executive Officer of Flash
Networks, the leading provider of optimization, monetization and
security solutions for mobile operators. Prior to Flash Networks,
he served as President and CEO at RiT Technologies (NASDAQ: RITT)
and as the head of a research and development department in the
elite 8200 intelligence unit of the Israel Defense Forces (Major
Ret.).
Following nearly a decade at Matomy, and the successful
transformation and strategic reorganization of the company in 2017,
Matomy's current CEO Sagi Niri decided to step down as CEO and
Executive Director. Key achievements as CEO include:
-- the adoption of Matomy's strategic focus on core mobile and domain monetization; and
-- the agreement for the full purchase of 100% of the shares in
Team Internet AG by Matomy, along with a clear plan for transfer of
control and transition; and
-- the sale of the Company's non-core businesses to Creative Clicks Media Group B.V.; and
-- the substantial streamlining and reduction of operational costs.
Mr. Niri will leave the Company, following an orderly handover
and smooth transition.
Mr. Galin commented: "Thanks to the exceptional efforts of Sagi,
Matomy's management team and the Board, I am joining the Company at
a very exciting time with strong prospects for further growth and
success. I look forward to working with the team and leading the
Company in its next chapter of outstanding innovation and
performance. After examining Matomy, I truly believe in our ability
to realize together the full potential of Matomy."
Mr. Niri noted: "I have completed my role in executing and
leading Matomy's transformation. The Company is now entering a new
growth phase, with a strategy focused on mobile and domain
monetization based on proprietary data driven technologies. Now is
the right time to hand over the reins to a new chief executive
officer with in-depth understanding and experience in managing
fast-growing technology companies. It has been a privilege to work
with the many talented people that make up the Matomy team. I am
confident Liam is the right person to lead Matomy in its next era
of development and increase its growth. I am happy to be stepping
down at this time, when the Company is seeing positive results of
its strategic reorganization, including improvement in the
performance of its core activities, which are expected to fully
materialize during 2018."
Mr. Beit On, Matomy's Chairman of the Board, said: "On behalf of
the Board, I want to thank Sagi for his professional and personal
dedication to Matomy, prior and during his tenure as our CEO.
Matomy underwent an important and necessary change in 2017 and is
now a stronger Company for it. We are delighted that Liam is
joining Matomy and are confident that his experience, knowledge,
and strong track record will drive the business to greater success,
especially as it moves to partner with large media and
telecommunications companies, looking to capitalize Matomy's
proprietary data driven assets."
Regulatory disclosures:
Prior to joining Matomy, Mr. Galin (50) served for over 11 years
as President and Chief Executive Officer of Flash Networks, the
leading provider of Optimization, Monetization and Security
solutions for Mobile Operators.
Prior to Flash Networks, Mr. Galin served as the President and
Chief Executive Officer of RiT Technologies Ltd., and its
subsidiary RiT Inc. from March 2000 to May 2005. He joined RiT
Technologies Ltd. in June 1998 as Vice President of Research and
Development. Prior to RiT Technologies Ltd., Mr. Galin served in
the Israel Defense Forces for over nine years (Major Ret.) as the
head of a research and development department.
Mr. Galin holds BSc. and MSc. Cum Laude in Electrical
Engineering from Tel Aviv University.
Current Directorships
Mr. Galin currently serves as the Chairman of the Board of Flash
Networks.
Past Directorships
WSC Sports Technologies
Mintigo Inc.
My6sense Inc.
Remuneration: Upon appointment, Mr. Galin's remuneration
package, which is consistent with the Company's Remuneration
Policy, is identical to that of Mr. Niri. Furthermore, upon
appointment, Mr. Galin does hold any shares of the Company.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global
media company with a portfolio of superior data-driven platforms
for mobile, video, domain, and email advertising. By providing
customized performance and programmatic solutions supported by
internal media capabilities, data analytics, and optimization
technology, Matomy empowers advertising and media partners to meet
their evolving growth-driven goals. Matomy's programmatic platforms
include the MobFox SSP, the mobile demand side platform myDSP, and
the video advertising platform Optimatic. Founded in 2007 with
headquarters inTel Aviv and 7 offices around the world, Matomy is
dual-listed on the London and Tel Aviv Stock Exchanges.
For more information:
Facebook: www.facebook.com/MatomyMediaGroup
Follow Matomy on Twitter: @MatomyGroup
LinkedIn: www.linkedin.com/company/matomy-media-group
Press Contact Information:
Justine Rosin
justine@headline-media.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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