RhythmOne PLC Announces Executive and Directorate Changes
Edward Reginelli to Rejoin Company as Chief Financial Officer and Join Board as Executive Director
London, England and San Francisco, CA. — 11 September 2017 — RhythmOne plc (“RhythmOne”, “1R” or the “Company”; LSE AIM: RTHM), is pleased to announce the appointment of Mr. Edward Reginelli as Chief Financial Officer (“CFO”). Mr. Reginelli will be rejoining the Company in the role he left earlier this year, and will be taking over from Mr. Richard O’Connor, who has decided to step down to pursue opportunities outside of RhythmOne. Richard has agreed to continue to serve in an advisory capacity through December 2017, to ensure an orderly transition.
Mr. Reginelli [age 46] will be rejoining RhythmOne at the end of September 2017, returning to a position he held previously for over four years. During his tenure with RhythmOne, Mr. Reginelli established critical financial controls and processes across the Company, enabling it to transform into a leading programmatic platform within the digital advertising sector. Most recently, he helped to shepherd RhythmOne’s return to profitability after a period of significant industry change and Company transformation. Mr. Reginelli’s return allows the Company to tap his significant financial expertise during a pivotal time of accelerated growth, and to leverage his deep knowledge of digital advertising, ad-tech and mergers and acquisitions (M&A).
“Ed’s return to RhythmOne adds proven financial and commercial expertise that will be invaluable as the Company actively pursues organic and inorganic growth opportunities,” said Ted Hastings, CEO of RhythmOne. “Ed’s knowledge of RhythmOne will allow for a seamless transition, and will help to ensure our continued success in an industry characterized by rapid change and consolidation. I welcome Ed back, and look forward to working with him to build a leading, global, digital advertising company with significant scope and scale.”
“Similarly, we extend our sincere thanks to Richard O’Connor for his contributions to RhythmOne as the CFO over the past eight months,” said Mr. Hastings. “During his tenure with the Company, Mr. O’Connor was instrumental in closing RhythmOne’s accounts for Financial Year 2017, facilitating the Company’s multiple M&A transactions this year and maintaining a strict cost discipline across the enterprise as RhythmOne continues to scale organically and integrate the acquired assets. We appreciate his continuing to serve in an advisory capacity during transition, and wish him all the best in his subsequent endeavors.”
The Company is also pleased to appoint Mr. Reginelli to the RhythmOne Board as an Executive Director, effective upon his joining at end September 2017.
“We are delighted to have Ed join the RhythmOne Board, given his intimate knowledge of both Company and industry,” said Raj Chellaraj, Non-Executive Chairman of RhythmOne. “Ed’s financial competency and experience will add essential expertise to the Board as RhythmOne charts its course for accelerated growth.”
Mr. Reginelli does not currently hold any directorships and held the following directorships in the five years preceding his appointment to the Board:
- BLINKX (UK3) LIMITED
- BLINKX MEDIA LIMITED
- BLINKX (UK) HOLDING LIMITED
- BLINKX (UK2) LIMITED
- BLINKX UK LIMITED
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.
RhythmOne is a technology-enabled digital media company that connects online audiences with brands through premium content across devices. Founded in 2004 in the UK, 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 offers 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, United States with offices in the US, UK and Canada. For more information, please visit www.rhythmone.com.
Analyst and Investor Contact
Financial Media Contacts
Edward Bridges / Charles Palmer
FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian / Toby Adcock / Mark Lander
Numis Securities Limited
(UK) 020 7260 1000