Tremor International Ltd Tremor expands its senior management team (5908E)
02 Marzo 2020 - 08:00AM
UK Regulatory
TIDMTRMR
RNS Number : 5908E
Tremor International Ltd
02 March 2020
2 March 2020
Tremor International Ltd
("Tremor" or the "Company")
Tremor expands its senior management team to enable future
growth
Appointment of Chief Operating Officer and Chief Financial
Officer
Tremor International Ltd (AIM: TRMR), a global leader in video
advertising technologies, announces the following senior management
changes.
Yaniv Carmi, currently Chief Financial Officer of the Company,
is appointed Chief Operating Officer with immediate effect as
Tremor seeks to broaden its management team. This follows the
successful transformation of Tremor into a leading high-growth
video advertising business, inclusive of the integration of
RhythmOne plc and the acquisition of Unruly Group Ltd. Due to the
Company's significant presence in the United States, Yaniv will
continue to be based in New York and will remain on Tremor's Board
of Directors (the "Board"). The Board believes that due to the
increased scale of the business, it is necessary to appoint a COO
to optimise the synergies between the Company's business units and
acquired assets, while driving Tremor's growth ambitions, and Yaniv
is well-placed to do so. As COO, Yaniv will lead the execution of
the Company's business plan, which is underpinned by its
established business model of investing in high growth / high
margin activities, in addition to developing strategies to optimise
the operational success of Tremor.
The Company also announces the appointment of Mr Sagi Niri as
Chief Financial Officer with immediate effect. Sagi has over 20
years' experience in finance and leadership roles in the technology
and real estate sectors. and has previous experience on the board
of a London-listed business. Sagi also served as Chief Executive
Officer of Labs Ltd, the office-as-a-service company, and Chief
Financial Officer of LabTech Investments Ltd, Labs' parent company,
which owns and manages office, retail and residential real estate
in London. In addition, Sagi spent over nine years at London Stock
Exchange-listed Matomy Media Group Ltd, the data-driven advertising
company, initially as Chief Operating Officer/Chief Financial
Officer and more recently as Chief Executive Officer. Sagi is a
member of the Institute of Certified Public Accountants in Israel
and holds an MBA in Finance from Manchester University and a BA in
Corporate Finance from the College of Management in Israel.
At Tremor, Sagi's responsibilities will include overseeing the
group-wide finance function and global investor relations
activities and he will be based in Tel Aviv, Israel as part of the
Company's global approach to its operations.
It is anticipated that Sagi will be appointed to Tremor's board
subject to the completion of the customary directorate appointment
due diligence and following the requisite approvals being received
at a general meeting as required by the Company's articles. Further
announcements containing the disclosures required under the AIM
Rules for companies will be issued once these processes have been
completed.
Ofer Druker, Chief Executive Officer, commented:
"I am delighted to announce these appointments, which reflect
the ongoing growth and progress of the company. I look forward to
continuing to benefit from Yaniv's professional leverage, talent,
comprehensive knowledge and familiarity with our business. His
transition to the field of operations will strengthen the Company's
operational and financial conduct and will enable us to fulfil our
strategies. In addition, I have worked closely with Sagi over many
years and have every confidence in his ability to manage our global
company from the financial aspects and be part of the leading team
that will further enhance our business."
For further information please contact
Tremor International Ltd
Ofer Druker, Chief Executive Officer Tel: +972 3 545
Yaniv Carmi, Chief Operating Officer 3900
finnCap Ltd (Nominated Adviser and Broker) Tel: +44 (0)20
Corporate Finance - Jonny Franklin-Adams, 7220 0500
James Thompson, Hannah Boros
ECM - Tim Redfern, Richard Chambers
Vigo Communications (Financial Public Relations) Tel: +44 (0)20
Jeremy Garcia 7390 0230
Antonia Pollock
Charlie Neish
tremor@vigocomms.com
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014.
About Tremor International
Tremor International Ltd is a global leader in advertising
technologies, it has 3 core divisions: Tremor Video, RhythmOne, and
Unruly.
Tremor Video helps advertisers deliver impactful brand stories
across all screens through the power of creative video intelligence
- innovative video technology combined with advanced audience data
and captivating creative. Tremor Video is one of the largest and
most innovative video advertising companies in North America, with
offerings in CTV, in stream, in-app and private marketplaces.
RhythmOne drives real business outcomes in multiscreen
advertising. Its highly ranked programmatic platform efficiently
and effectively delivers performance, quality, and actionable data
to demand and supply-focused clients and partners.
Unruly is a data-driven marketplace with more than 2,000 direct
integrations with publishers, unique demand relationships with the
world's biggest advertisers and privileged access to News Corp
inventory. Unruly works with 95% of the AdAge 100 and 82% of video
views are delivered across Comscore 1,000 sites.
Tremor International Ltd is headquartered in Israel and
maintains offices throughout the US and Canada, Asia-Pacific,
Europe, India and Latin America, and is traded on the London Stock
Exchange (AIM: TRMR).
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END
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March 02, 2020 02:00 ET (07:00 GMT)