Board changes

RNS Number : 8292A

Ebiquity PLC

01 October 2015

 

Ebiquity PLC

("Ebiquity" or the "Company")

Board Changes

The Board of Ebiquity is pleased to announce the appointment of Michael Karg as Chief Executive Officer of the Company with effect from 1^st January 2016.

Michael Karg succeeds Michael Greenlees who has been Chief Executive Officer of the Company for the last 8 years.  Michael Greenlees has decided that, having built Ebiquity into a world leading international marketing analytics company, now is the right time for new leadership to take the business to the next stage of its development.

Since 2013, Michael Karg has been Chief Executive Officer of Razorfish International, the digital business transformation agency of Publicis Groupe, having served as Chief Operating Officer, Razorfish and Digitas International previously since 2010.

He has worked globally over a fifteen year career with Razorfish and Digitas, advising some of the world's largest companies on their omni-channel marketing strategies. Whilst at Razorfish he was responsible for growth and development in Europe, India, China, South East Asia and Australia. Michael holds a degree in Finance and Accounting and a doctoral degree in Business Administration. He served as a visiting Fellow at Harvard University from 1999 to 2000. He is a member of the Board and Chair of the Compensation Committee of Travelzoo (NASDAQ: TZOO).

Michael Greenlees will remain on the Board as an Executive Director until an orderly handover and transition has been completed and will then serve the Company in an advisory capacity for a period of two years from 30^th April 2016.

Michael Higgins, Chairman said:

"Michael Karg is an outstanding appointment for Ebiquity. He has considerable experience across our industry particularly in digital marketing and in growing businesses on a global scale. He has amassed a wealth of international experience and has an impressive and proven track record in building marketing businesses. We welcome Michael.

On behalf of the Board and the Company we are immensely grateful for Michael Greenlees's vision, expertise and constant drive which have made Ebiquity the company it is today."

Michael Greenlees said:

"Ebiquity is a remarkable growth story in a dynamic market.  I am confident that Michael Karg has the skillset, ability and passion to take Ebiquity through the next stage of its exciting development plans. At Razorfish, Michael has been at the cutting edge of the marketing and media industry enabling him to move quickly to make a significant contribution to Ebiquity's continuing success."

Michael Karg said:

"I am delighted to be joining Ebiquity and to have the privilege of leading this dynamic business and market leader. Ebiquity has seen the future where corporates now thoroughly interrogate the returns of their marketing spend. With the systems that Ebiquity has developed, its geographical spread and providing clients with ever more detailed insights into best execution, I believe that Ebiquity has a bright and prosperous future ahead of it."

Further information

Michael Karg, 44, is currently a director of Travelzoo Inc., Razorfish Hong Kong, Razorfish Consulting (Shanghai), e-Crusade Holding Company Limited, Razorfish UK Limited, Nurun SAS and 2DataFish.

There is no further information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

                                                                                                                        1^st October 2015

Enquiries:

Ebiquity	020 7650 9600
Michael Greenlees, CEO Andrew Beach, CFO
Instinctif Partners	020 7457 2020
Matthew Smallwood Guy Scarborough
Numis Securities	020 7260 1000
Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker)

 

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