TIDMMPM
RNS Number : 3365N
mporium Group PLC
08 August 2017
8 August 2017
mporium Group plc
("mporium" or the "Group")
Board Changes
mporium Group plc (AIM:MPM), the technology company that
delivers high performance advertising campaigns, is pleased to
announce a number of changes to the Board as the company continues
to win new business for its IMPACT product.
After nearly two intensive years as Chairman throughout the
Group's crucial foundation phase, Nigel Walder is leaving the
Board. Chief Executive Officer Barry Moat is taking the role of
Executive Chairman, while Nelius De Groot is joining the Board as
Chief Executive Officer after two years as Chief Operating Officer.
All of these changes take place with immediate effect.
Richard Gordon, who provided essential continuity as Finance
Director while mporium was established within the listing of a
predecessor company, will be leaving at the end of September, to
focus on other business interests. Succession planning is already
underway.
Nelius has brought mporium the benefit of a deep technology
background and 25 years of experience in Financial Services. This
experience has been critical to the development of the IMPACT
product, which uses event-driven technology and real-time execution
to deliver advertising campaign performance.
After starting his career as a software developer at Logica plc,
Nelius moved to Barclays de Zoete Wedd, then Swiss Bank Corporation
and in 1997 to Deutsche Bank. During almost 18 years at Deutsche
Bank, Nelius held a wide range of senior management positions in
both the Global Markets and Transaction Banking businesses in
London and New York. His final role prior to joining mporium was as
Deutsche Bank's Interim Chief Information Officer for Corporate
Banking & Securities (CB&S) and co-Head of Global
Technology & Operations, CB&S. He holds a BSc (Hons.) in
Computer Science from University College Dublin.
Cornelius Joseph De Groot (aged 49) has held the following
directorships within the five years prior to the date of this
announcement:
Name Current Directorships Previous Directorships
---------------- ---------------------- -----------------------
Nelius De Groot Perxeptive Limited Insight Drives
Results Limited
---------------- ---------------------- -----------------------
Inclusive Business Insight Drives
Leadership Limited Results NG Holdings
Limited
---------------- ---------------------- -----------------------
No further disclosures are required to be made in accordance
with Rule 17, Schedule Two (g) of the AIM Rules for Companies.
Nigel Walder, outgoing Chairman of mporium, commented:
"I am proud of what has been achieved during my time as Chairman
of mporium. Management has applied real effort to transform the
business over the past two years and I leave as it is starting to
show strong momentum in signing partnerships with agencies to share
the benefits of IMPACT with their clients. This validates Barry's
vision for the business and I pass the Chairmanship to him with
great confidence in mporium's future."
Barry Moat, incoming Chairman of mporium, commented:
"On behalf of the Board I would like to thank Nigel for his
dedication since he took the chair in September 2015. His
technology experience and excellent judgement have been fundamental
to the rapid establishment of mporium as a tech leader. He will be
greatly missed but his contribution will have a lasting effect, for
which I am personally enormously grateful.
"I would also like personally to thank Richard for all his
support as FD. He has provided the business with important
continuity as we have transformed mporium, and we wish him every
success in his future endeavours.
"I am delighted that one of my first acts as Chairman is to be
able to congratulate Nelius on becoming CEO. This is the natural
evolution of his success as COO, from determining our technology
choices and setting a strategic plan for our development to
achieving impressive results in communicating to agencies the
transformative difference IMPACT can have on campaigns. I look
forward to his leadership of the business as CEO."
Nelius De Groot, CEO of mporium, commented:
"I'm honoured to be given this opportunity to take mporium
forward after two years of working with the management team to
develop and implement our strategic focus. The agency agreements
that we have achieved are just the beginning and I look forward to
additional wins over the coming months."
-Ends-
Enquiries
mporium +44 20 3841 8402
Barry Moat, Executive
Chairman
Nelius De Groot, Chief
Executive Officer
Bell Pottinger
Elly Williamson / Dan
de Belder +44 203 772 2573
N+1 Singer (Nominated
Adviser & Broker)
Michael Taylor +44 207 496 3000
Mark Taylor
Notes to Editors
About mporium
mporium is a technology company that delivers high performance
advertising campaigns, maximising the advertiser's return on
investment.
mporium's proprietary technology, IMPACT, enables advertisers
and the media agencies that serve them, to achieve better outcomes
from digital advertising campaigns. The patent pending technology
allows advertisers to target consumers when real world events
stimulate consumer interest, delivering high performing digital
advertising campaigns from brand advertising to direct
response.
Mobile advertising has proved challenging to both advertisers
and media agencies. In a world where the majority of traffic comes
from smartphones, a solution is urgently needed to address the
challenge of capturing consumer intent in the moment. mporium is
uniquely positioned to address this issue by leveraging a range of
data inputs - including TV, news, sports and social media - to
deliver sophisticated real-time bidding, timing and creative
switching for digital advertising campaigns.
The technology has already been adopted by several market
leading media agencies: Jellyfish, Essence and the7stars. Although
the Company is based in the UK, the technology has been used to
drive campaigns across the UK and Continental European markets, and
management intend to expand across the global digital markets.
Based in the UK, mporium Group plc is quoted on AIM, the growth
market of the London Stock Exchange plc.
www.mporium.com
This information is provided by RNS
The company news service from the London Stock Exchange
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