Business
YANGAROO appoints Scott Wambolt as new CEO
YANGAROO appoints Scott Wambolt as new CEO
About this update from Yangaroo Inc.
[{"type":"text","content":"\n\n\n\n Jun. 16, 2010 (Canada NewsWire Group) -- YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, is pleased to announce that Scott R. Wambolt has agreed to join the company as Chief Executive Officer and has been appointed to the Board of Directors. Current CEO John Heaven will continue as President, Director and will also assume the role of Chief Financial Officer.\nScott Wambolt has had a dynamic, results-charged career highlighted by success in driving revenues, market share, profitability, and shareholder value. Prior to joining YANGAROO, Wambolt served as the Senior Vice President, Channel Strategies and Revenues at Bell Mobility where he headed the 2,500+ person sales force to drive over $4 billion in revenues and $1.4 billion in EBITDA. Previously, Wambolt served as Senior Vice President, Sales at Yellow Pages Group. As a member of the team that led the leveraged/management buyout of the Yellow Pages Group from Bell Canada, Scott contributed to taking the business public in August 2003 delivering nearly $1 billion in incremental shareholder value in approximately one year. Scott also spent seven years at Dell Computer Corp, in various General Management roles in North America, the UK and Europe serving the SMB, Large Corporate and the Consumer segments.\n"I see this as a tremendous value creation opportunity," said Scott Wambolt, CEO, YANGAROO Inc. "YANGAROO has developed world class technology and intellectual property, established relationships with powerful and influential partners, and has a dedicated, solid team. I am excited to help take the company to the next level and significantly increase shareholder value."\n"The addition of Scott to our team is a great stride forward for YANGAROO," said John Heaven, President, YANGAROO Inc. "In our business plan we had set a goal of bringing in senior executive talent with superior sales and marketing expertise to drive revenue growth and enterprise value. With Scott, we believe we over-achieved that goal."\n"Scott is a proven winner, and a terrific addition to our team," said Cliff Hunt, Chairman and COO YANGAROO Inc. "The fact that Scott has chosen to make a significant financial investment in the company is a testament to his commitment and the confidence he ...