Shazam announces ex Yahoo exec Rich Riley as new CEO
Shazam, that purports itself to be a media engagement company, announced that Rich Riley has joined the company as Chief Executive Officer. Shazam further announced that Andrew Fisher, who has lead Shazam as CEO since 2005, has been appointed to the newly created full-time position of Executive Chairman. John Pearson who has been Chairman of the Board since 2006 will become a Non-Executive Director and remain on the board.
With Riley and Fisher in their new positions, and the recent hire of the BBC’s Daniel Danker as Chief Product Officer joining the existing executive team, Shazam now has put into place an executive leadership team that will accelerate the company’s growth trajectory while continuing to deliver innovation for Shazam’s products and services as the company pursues new market opportunities. Shazam claims that it has more than 300 million users in over 200 countries worldwide.
“Andrew Fisher has assembled a world-class organization that has made Shazam a global consumer brand that provides an exceptional consumer experience and has set the stage for the company’s next phase of growth,” said Riley. “I look forward to extending our dominance in media engagement, from our roots in music to our leadership position in second-screen TV and want to ensure that Shazam is the company that helps people recognize and engage with the world around them.”
“Rich brings a tremendous amount of experience both as an Internet executive where he has rapidly scaled global businesses, to establishing strategic relationships with advertisers and partners, as well as his entrepreneurial approach and skills. Whilst Rich will run our business I will now spend more time focusing on our corporate development and future strategy including our ambitions to deliver a successful IPO for our shareholders as we look to become an increasingly important part of people’s everyday lives, helping them engage with content and brands in the most efficient way possible,” said Fisher.
Featured by Fortune as one of their 40 Under 40: Ones to watch for 2011, Rich Riley joins Shazam with more than 17 years of experience as an entrepreneur and Internet executive. Most recently, Riley was EVP Americas for Yahoo! where he was responsible for overseeing sales, account management, ad operations, B2B marketing, research and business development across the US, Canada and LatAm. Prior to that, Riley held a variety of roles including MD & SVP of the EMEA Region, SVP of the Small & Medium Business Division as well as corporate and business development roles.
Prior to his more than 13 years with Yahoo, Riley was co-founder and managing member of the Internet start-up Log-Me-On.com that developed and patented what is today the Yahoo! Toolbar. Prior to joining Yahoo! and starting Log-Me-On.com, Riley worked as a Financial Analyst at Donaldson, Lufkin & Jenrette in New York City.
Shazam investors include Kleiner Perkins Caufield Byers, Institutional Venture Partners, Acacia Capital and DN Capital.
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