TORONTO and NEW YORK, June 2,
2021 /PRNewswire/ - AcuityAds Holdings Inc. (TSX: AT)
(OTCQX: ACUIF) ("AcuityAds" or "Company"), the technology leader in
consumer journey based advertising automation, today announced
upcoming board and management changes.
Jonathan Pollack, its Chief
Financial Officer, will retire from the Company later this calendar
year once his successor has been identified. Mr. Pollack stated: "I
am very pleased with all of the successes that we have enjoyed
during my tenure at AcuityAds, and I am especially proud of my
contributions in placing AcuityAds on its strongest financial
footing in its history. I am confident that AcuityAds remains
poised for even greater accomplishments over the next number of
years as it continues to build on the momentum that has been
created."
Tal Hayek, the Chief Executive
Officer of the Company, stated: "Jonathan has played a meaningful
role over the last three years in setting our capital markets
strategy and improving our financial reporting functions so that
these important aspects of our business have strengthened alongside
our commercial successes. During his tenure we have strengthened
our partnership with our lender, raised capital from the public
markets on two separate occasions, graduated our stock listing to
the Toronto Stock Exchange and we are now included in the
S&P/TSX Composite Index."
The Company has activated a search for his successor, and the
timing of the transition from Mr. Pollack to that successor will be
guided by the results of that search process. Following the
appointment of his successor, Mr. Pollack has agreed to remain in
an advisory role with the Company to assist the incoming Chief
Financial Officer and to help ensure a smooth transition.
In addition, the Company announced that Lisa Donohue has been nominated to become a
director of the Company at its upcoming annual meeting of
shareholders. Most recently, Ms. Donohue served as CEO of Publicis
Spine, a data and technology start-up within Publicis Groupe, and
Chief Integration Officer of Publicis Groupe. Prior to that role,
she was the Global Brand President at Starcom Worldwide, also a
division of Publicis Groupe, and prior to that, she served as CEO
of Starcom USA, a division of
Starcom Worldwide.
Ms. Donohue will replace Joe
Ontman on the Board of Directors, who will continue in his
day-to-day role as Head of Business Development of the Company.
Sheldon Pollack, the Chair of the
Board of Directors of the Company, noted: "We are very excited to
have attracted a director nominee as accomplished as Lisa, and are
looking forward to her appointment at next month's annual
shareholder meeting. Ms. Donohue is an experienced public board
director and chief executive officer with extensive expertise in
global consumer marketing. She will bring a unique and
valuable perspective to our strategic planning."
"I want to personally thank Joe
Ontman for his leadership on the board and I know that we
will continue to have access to his important viewpoints and
judgement through his continuing role at the Company," continued
Mr. Sheldon Pollack. "Joe is one of
our company's founders and his contributions to our corporate
success and culture remain critical. Given our intentions to pursue
a listing on NASDAQ in the coming weeks, the board of directors and
Joe jointly decided that this annual meeting was an appropriate
time to further reduce the number of non-independent directors on
our board in order for its composition to be consistent with best
corporate governance practices in both Canada and the
United States."
About AcuityAds:
AcuityAds is a leading technology company that provides
marketers a one-stop solution for omnichannel digital advertising
with best-of-category return on advertising spend. Its journey
automation technology, illumin™, offers planning, buying, and
real-time intelligence from one platform. With proprietary
Artificial Intelligence, illumin™ brings unique programmatic
capabilities to close the gap between advertising planning and
execution. The company brings an integrated ecosystem of
privacy-protected data, inventory, brand safety, and fraud
prevention partners, offering trusted solutions with proven,
above-benchmark outcomes for the most demanding marketers.
AcuityAds is headquartered in Toronto with offices throughout Canada, the U.S., Europe, and Latin
America. For more information, visit AcuityAds.com.
Disclaimer in regards to Forward-looking statements
Certain statements included herein constitute "forward-looking
statements" within the meaning of applicable securities laws. These
statements may relate to the Company's future financial outlook,
financial position, anticipated events, results, success of its
work from home policies, the Company's strategy with respect to the
illumin platform, results of the Company's application to list its
shares on NASDAQ or the effect of the COVID-19 pandemic on the
Company's business and operations. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management at this time, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Also, given the
evolving circumstances surrounding the COVID-19 pandemic, it is
difficult to predict how significant the adverse impact of the
pandemic will be on the global and domestic economy, the business,
operations and financial position of the Company's clients and the
business, operations and financial position of the Company.
Investors are cautioned not to put undue reliance on
forward-looking statements. Many factors could cause the Company's
actual results, level of activity, performance or achievements or
future events or developments to differ materially from those
expressed or implied by the forward-looking statements, including,
without limitation, the factors discussed in the "Risk Factors"
section of the Company's Annual Information Form dated March 1, 2021 for the fiscal year ended
December 31, 2020 (the "AIF") and the
Company's Management Discussion and Analysis for the three months
ended March 31, 2021 dated
May 11, 2021 (the "MD&A"). A copy
of the AIF, MD&A and the Company's other publicly filed
documents can be accessed under the Company's profile on the System
for Electronic Document Analysis and Retrieval ("SEDAR") at
www.sedar.com. In addition, the effects of COVID-19, including the
duration, spread and severity of the pandemic, create additional
risks and uncertainties for the Company. In particular, the impact
of the virus and government authorities' and public health
officials' responses thereto may affect: the Company's actual
results, performance, prospects or opportunities; domestic and
global credit and capital markets and its ability to access capital
on favourable terms, or at all; and the health and safety of its
employees. The Company cautions that the list of risk factors and
uncertainties described in the AIF and the MD&A are not
exhaustive and other factors could also adversely affect its
results. Readers are urged to consider the risks, uncertainties and
assumptions carefully in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such information.
Except as required by law, AcuityAds does not intend, and
undertakes no obligation, to update any forward-looking statement
to reflect, in particular, new information or future events.
View original
content:http://www.prnewswire.com/news-releases/acuityads-announces-board-and-management-changes-301304488.html
SOURCE AcuityAds Holdings Inc.