Business
Magnite Announces Executive Leadership Team Following SpotX Acquisition
Appoints New Technology and Sales Leaders Effective July 1; Strengthens Ability To Serve Clients Across All Formats, Including CTV LOS ANGELES, May 26, 2021
About this update from Magnite, Inc.
[{"type":"text","content":"Appoints New Technology and Sales Leaders Effective July 1; Strengthens Ability To Serve Clients Across All Formats, Including CTV\nLOS ANGELES, May 26, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced changes to its executive leadership team, effective July 1. These are the company’s first major steps towards integrating its recent acquisition of CTV leader SpotX, and will strengthen its ability to serve clients across all formats, including CTV. SpotX’s former Chief Technology Officer, J. Allen Dove, will serve as CTO of Magnite; Adam Soroca, Head of Magnite’s Global Buyer Team, will be moving into a newly created role as Chief Product Officer; Sean Buckley, SpotX’s former Chief Operating Officer, will become Chief Revenue Officer for CTV, and Joe Prusz will serve as the Chief Revenue Officer for Magnite’s online video and display business, known as DV+. SpotX’s former CEO, Mike Shehan, will continue with Magnite as a consultant through the end of the year. Additionally, Tom Kershaw, who served as Magnite’s Chief Technology Officer for the past four years, will be stepping down to pursue a new opportunity outside of ad tech. Magnite’s executive leadership team will be comprised of the following members, reporting to President & CEO, Michael Barrett: Chief Financial Officer - David DayChief Operating Officer - Katie EvansChief Technology Officer - J. Allen DoveChief Product Officer - Adam SorocaChief Revenue Officer, CTV - Sean BuckleyChief Revenue Officer, DV+ - Joe PruszChief Strategy Officer - Erik HovanecChief Marketing Officer - David HertogChief People Officer and Chief Accounting Officer - Shawna HughesGeneral Counsel - Aaron Saltz Michael Barrett’s Statement“Following Magnite’s acquisition of SpotX, we’re working hard to bring our teams together in a way that enhances our ability to serve clients and innovate. This process will start at the executive level, and we’re fortunate to have assembled such a deep bench of talent. I have never felt better about our people, or our prospects as a business across all formats, including CTV, which represents a significant and increasing portion of our revenue. With this in mind, I am thrilled that J. Allen Dove will assume the role of Chief Technology Officer. Allen is one of the most respected technologists in...