DGAP-News: RNTS Media N.V. / Key word(s): Change of Personnel
RNTS Media N.V.: DIRECTORATE CHANGE RNTS MEDIA BOARD APPOINTS ZIV ELUL AS
COO AND CEO-DESIGNATE
21.09.2016 / 17:00
The issuer is solely responsible for the content of this announcement.
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RNTS Media
(The "Company" or The "Group")
DIRECTORATE CHANGE
RNTS MEDIA BOARD APPOINTS ZIV ELUL AS COO AND CEO-DESIGNATE
RNTS Media, a leading mobile advertising technology company, announces the
appointment of Ziv Elul as the Group's COO, effective immediately. This
development reinforces the intent to build globally aligned operations
focused on capitalizing on the strong growth within the programmatic and
real-time bidding (RTB) markets. This growth is detailed in RNTS Media's
results announcement for the first half-year 2016, also published today.
The Company further announces that Ziv Elul is appointed CEO-Designate.
Following an initial transition period, Ziv will succeed Andreas Bodczek as
CEO, who will in turn be appointed Group President and will continue to
serve on the Management Board. As Group President, Andreas will focus on
the further development of the Group's strategy, integration of recent
acquisitions, and the building of new strategic partnerships. During the
transition period, Ziv and Andreas will work closely together to ensure the
Company continues its strong growth trajectory.
Ziv Elul co-founded Inneractive in 2007 and brings over 15 years of
industry and management experience to the company. His main focus has been
on the business operations, R&D and finance. Inneractive has been
profitable since August 2015 and shown significant growth of over 100% YoY
over the past two years. It's been recently recognized by the Deloitte
Technology Fast 500(TM) EMEA and earned Gold Status in the 2016 Golden
Bridge Awards(R) for the fastest growing company; making Inneractive one of
the world's fastest growing, mobile RTB-based ad exchange businesses.
Inneractive was acquired by RNTS Media in July 2016.
Ziv also sits on the management of Israel's branch of the Young President's
Organization (YPO), a global network of young Chief Executives. He's deeply
involved in the local high tech and startup ecosystem and mentors and
advises young entrepreneurs.
Ziv Elul, RNTS Media's new COO and CEO-Designate, commented: "I am very
excited about the future of RNTS Media at this important stage of our
development. We are delivering on our mission to build the world's leading
full-stack, cross-screen independent technology platform enabling
publishers to optimize all ad revenue sources across every device. We now
have the reach and scale, the advanced innovative technology, including the
lead in programmatic video, and most importantly, the right team in place
to deliver on our growth strategy."
Andreas Bodczek, CEO of RNTS Media, commented: "We identified the
importance of video, programmatic and RTB capabilities early on and have
successfully positioned RNTS Media to fully participate in the continuous
strong growth of these markets. Having already built, in Inneractive, an
incredibly successful RTB and programmatic business, Ziv brings the right
mix of market expertise and passion to RNTS Media. This will further
enhance our ability to execute against our clear vision of becoming the
leading independent monetization technology partner for mobile app
developers and digital publishers.
Ziv's appointment allows me, in the role of RNTS Media's President, to
focus even more on the strategic options present in the market today. We
expect that more cooperation and consolidation opportunities will come up
in the coming 12 months that will require immediate and undivided attention
in order to maximize their benefits."
RNTS Media reaffirms its previously announced upgraded pro-forma gross
revenue guidance of more than EUR185m for full year 2016 and more than
EUR240m for full year 2017. The Company also reaffirms its EBITDA guidance
of reaching break-even on a run-rate basis by the end of full year 2017.
Further detail on the Company's performance will be provided in RNTS
Media's H1 2016 report, scheduled for September 21, 2016.
###
About RNTS Media N.V.
RNTS Media is a leading mobile advertising technology company.
Headquartered in Berlin, Germany and founded in 2010, it empowers app
developers and publishers to generate business-critical revenue streams
with targeted in-app advertising through its core assets Fyber and
Inneractive. RNTS Media is listed on the Prime Standard of Frankfurt Stock
Exchange under symbol 'RNM.' For more information, visit www.rntsmedia.com.
Investor Contact:
Sabrina Kassmannhuber
ir@rntsmedia.com
+49 30 609 855 555
Media Contact:
Bob Huxford
Bob.Huxford@newgatecomms.com
+44 20 7680 6550
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21.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: RNTS Media N.V.
Johannisstr. 20
10117 Berlin
Germany
Phone: +49 30 609 855 528
E-mail: governance@rntsmedia.com
Internet: www.rntsmedia.com
ISIN: NL0010315453
WKN: A1J87D
Listed: Regulated Market in Frankfurt (Prime Standard)
End of News DGAP News Service
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504235 21.09.2016
DGAP-News: RNTS Media N.V.: DIRECTORATE CHANGE RNTS MEDIA BOARD APPOINTS ZIV ELUL AS COO AND CEO-DESIGNATE
| Source: EQS Group AG