Blinkx Plc
Directorate Change
RNS Number : 0204I
Blinkx Plc
19 July 2012
blinkx plc
("blinkx" or "the Company")
Directorate Change
SAN FRANCISCO, CALIF. - July 19, 2012. The Board of blinkx plc (LSE: blnx; "blinkx" or "Company") is pleased to announce today the broadening of the senior leadership team following a period of significant growth.
Suranga Chandratillake, the Founder and current Chief Executive Officer of
the Company, has assumed the role of President and Chief Strategy
Officer of blinkx and will continue serving as an Executive Member on
its Board. In this position, he will be responsible for advancing and
evangelizing the Company's technology and product vision, and exploring
new opportunities for growth. He will remain prominently involved in
relationships with Investors, Partners and Advertisers.
Chief Operating Officer Subhransu
("Brian") Mukherjee has been appointed CEO of blinkx and an Executive
Member of its Board of Directors with immediate effect. As the CEO,
Brian will be responsible for the overall leadership of the Company and
the development and execution of the Company's strategy, which includes
leveraging the significant opportunities created by the recent
acquisitions of Burst Media, Inc. and Prime Visibility Media Group, Inc.
(PVMG).
Brian (45) brings over 12 years of
executive management and operating experience at Public and Private
companies in the technology and media sectors to the CEO role. Brian
joined blinkx in 2011 through the acquisition of PVMG, where he was the
President, CEO and a Director. Prior to PVMG, Brian was at Miva, Inc.
(NASDAQ:MIVA), where he ran the Media Division globally. Before Miva,
Brian led the acquisition of and ran the Contract Management Solutions
Group at Selectica (NASDAQ: SLTC). During his career, Brian has also
held Executive positions in Silicon Valley-based Internet, Mobile and
Services startups, where he was responsible for raising capital,
acquiring companies, building high performance teams and expanding
partnerships to accelerate revenue and profitability growth. Brian
started his career as an Engineer and a Management Consultant and holds
BE and MS degrees in Engineering. He also holds an MBA from the
University of Chicago.
Commenting on the appointment, Anthony Bettencourt, non-executive Chairman of blinkx, said:
"Under Suranga's leadership, blinkx has been transformed from a start-up to a successful, profitable business
with over 300 employees and several major acquisitions under its belt.
blinkx is a fast-growing company in a rapidly changing industry, and its
technology and IP still have potential that remains untapped. At this
stage of any Company's growth, ensuring the executive management team is
set up to maximize the opportunities ahead is a key strategic
imperative. When Suranga recommended that we consider moving Brian into
the CEO role, it was clearly the right decision for the business. The
Board felt that Brian had the right set of skills and operating
experience to take the company forward as it continues to extend its
leadership position in Online Video. This will allow Suranga to focus
on strategic product initiatives and creating new opportunities for
blinkx technology, while maintaining a prominent role with external
stakeholders."
Suranga Chandratillake added:
"Founding this company and building it
from an idea to a business with over $100M in revenue over the past five
years has been an incomparable experience. blinkx is a thriving and
profitable business already, but it is also, at its core, a technology
company with the potential for massive further innovation, and I believe
the opportunity ahead of us requires a broader set of complementary
management skills. I first met Brian five years ago and have watched
him operate and grow multiple companies in our industry. Over the past
nine months, working side by side with him at blinkx, I have seen him in
action and know him to be an accomplished leader with deep management
and operational experience. He will be excellent as our CEO and I am
delighted to welcome him to the role."
S. Brian Mukherjee commented:
"I am honored and excited to have the
opportunity to lead blinkx in its next phase of growth. Suranga and the
founding team have done an exceptional job in leveraging unique
technology into a profitable business model. As a result, blinkx is now a
leading player in a sector that continues to gain momentum. Through
the acquisitions, the company has significantly expanded its commercial
and technology footprint. It now has a tremendous opportunity and an
established platform to accelerate revenue and profitability growth. I
look forward to working closely with the entire blinkx team and the
Board to pursue these opportunities and take the company to new
heights."
Enquiries
|
blinkx plc
|
+1 (415) 655 1450
|
|
S. Brian Mukherjee, CEO
|
|
|
Suranga Chandratillake, Founder & President
|
|
|
Frances Smith
|
|
|
|
|
|
Citigroup Global Markets Limited
|
+44 (0)207 986 4000
|
|
(NOMAD and Broker for blinkx plc)
|
|
|
Charles Lytle
|
|
|
Christopher Wren
|
|
|
|
|
|
FTI Consulting
|
+44 (0)20 7831 3113
|
|
Charles Palmer
|
|
|
Sophie McMillan
|
|
Additional information
While the company is not providing a full trading
update at this time, sales, operations and integration progress are in
line with expectations so far this half.
Subhransu Mukherjee, aged 45, is, or has been, a director of the following companies during the last 5 years.
|
Name of Company
|
Dates of appointment
|
|
Prime Visibility Media Group, Inc.
|
2010 - 2011
|
|
Zen Capital Partners, LLC
|
2009 - present
|
Mr. Mukherjee has options over 580,000 ordinary shares in the Company.
The Company confirms there is no other
information required to be disclosed pursuant to Schedule 2 paragraph
(g) of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
No comments:
Post a Comment