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.”
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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.”
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