XLMedia PLC Senior Management Appointments (8949B)
February 04 2020 - 5:00AM
UK Regulatory
TIDMXLM
RNS Number : 8949B
XLMedia PLC
04 February 2020
4 February 2020
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Senior Management Appointments
Strengthening Senior Leadership Team to ensure XLMedia is
positioned for growth
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, announces the appointment of Iain Balchin as
Group Chief Financial Officer with immediate effect. The position
will initially be a non-board position.
Iain is a highly experienced Chief Financial Officer who has
worked as a turnaround specialist in a series of Group CFO roles.
He joins XLMedia from Ixaris Group ("Ixaris"), the payments
optimisation business where, as Group CFO, he was responsible for
restructuring the finance function of the business.
Prior to Ixaris, Iain worked at WorldRemit, a private equity
backed money transfer business, where he was responsible for
restructuring the finance division and preparing the company for
future investment. Iain has held a number of Group CFO roles,
including with WIZINK Bank and Ascot Lloyd Financial Services, and
senior finance positions with St James Place Wealth Management and
Chartis Insurance - AIG Group.
In addition, Sarah Clark has been appointed Chief Transformation
Officer. Sarah has a wealth of experience in developing and
executing a strategic plan in order to drive the operational
efficiency of a business. Sarah joins XLMedia from Loot Crate Inc,
where she held the role of General Manager, Europe, Middle East and
Africa. At Loot Crate, Sarah was responsible for establishing and
leading the European operations of the one of the world's largest
subscription commerce business and delivering monthly boxes to over
100,000 subscribers, with a core focus on driving profitable growth
across the subscriber base.
Prior to Loot Crate, Sarah worked for PayPal, where she held the
role of Head of Global Strategy, reporting to PayPal's President,
before moving to the General Manager role, where she held full
responsibility for 110 markets and annual transaction volumes of
almost $10 billion. This is a non-board position.
Stuart Simms, Chief Executive Officer of XLMedia, commented:
"I am delighted to welcome Iain and Sarah to XLMedia, both of
whom bring significant expertise in their respective fields to the
Group.
"The recruitment of Sarah and Iain will significantly strengthen
our senior leadership team and we look forward to working with them
as we continue to transform our core business in order to
capitalise on opportunities across our industry."
The information contained within this announcement (the
"Announcement") is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014. Upon the publication of this Announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information, please contact:
XLMedia plc Stuart Simms, Group Chief Via Vigo Communications
Executive Officer www.xlmedia.com
Vigo Communications Jeremy Garcia / Fiona Tel: 020 7390 0233
Henson / Fiona Norman www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker) Giles Balleny / Max Gould www.cenkos.com
Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800
/ Mark Whitmore / Simon Cardron www.berenberg.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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