Business
Steve Richards Appointed Chief Executive Officer of Mood Media
Director Philippe von Stauffenberg Appointed Chairman of the Board TORONTO , Sept. ...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\nDirector Philippe von Stauffenberg Appointed Chairman of the Board\n\n\nTORONTO, Sept. 23, 2013 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX: MM) (LSE AIM: MM) (\"Mood Media\" or the \"Company\")\n today announced that its Board of Directors has appointed Steven K.\n Richards President and Chief Executive Officer effective immediately.\n In addition, Mr. Richards will be joining the Board. Philippe von\n Stauffenberg, non-executive Vice Chairman of the Board since July 2010,\n has been elected Chairman, also effective immediately. Chairman and CEO\n Lorne Abony is stepping down from both positions to pursue other\n opportunities. Mr. Abony, who will remain a director on the Board, does\n not plan to stand for re-election at the Company's next Annual General\n Meeting.\n\n\n\"Steve has a proven track record of leading teams to success by\n achieving growth and profitability to create value for all\n stakeholders,\" said Mr. von Stauffenberg.  \"With nearly 30 years of\n operational and management expertise, Steve's experience will be\n invaluable as the Company continues to optimize operations and execute\n its growth strategy.  As the former President of Mood Media, North\n America, he brings intimate, first-hand knowledge of both our Company\n and our industry, which he intends to use to maximize Mood's valuable\n asset portfolio and deliver shareholder value. We are confident that\n Steve's dynamic skill set and experience make him ideally suited to\n lead Mood Media into its next phase of growth.\n\n\n\"At the same time, on behalf of the entire Board, I want to express our\n appreciation for Lorne's many contributions,\" continued Mr. von\n Stauffenberg. \"At the time of its IPO in 2008, Fluid Music, Mood\n Media's predecessor, had fewer than 30 employees and approximately $4\n million in revenue. Under Lorne's direction, the Company has executed\n several strategic acquisitions and created a global brand committed to\n delivering the best solutions across all aspects of the value chain.\n The Company has grown to 2,100 employees with pro forma revenue of more\n than $540 million in 2012. Lorne has been a creative, energetic and\n dedicated leader and we wish him all the best in his future endeavors.\"\n\n\nMr. Richards said, \"I am elated to succeed Lorne at this moment of great\n opportunity fo...