5th Dec 2018 15:10
LONDON (Alliance News) - Taptica International Ltd said Wednesday it promoted Rivi Bloch, the current division chief executive of its Performance Advertising business, as interim chief executive officer.
Bloch, who has been with the advertising technology company since 2013, will serve in his new non-board role until a permanent CEO is found.
Bloch replaces former CEO Hagai Tal, who handed in his resignation on Monday after having been found liable for statements made in relation to the sale of Plimus Inc.
Tal was both a shareholder and CEO of Plimus at the time of is August 2011 sale.
Chairman Tim Weller said: "After due deliberation, the board has accepted the resignation of Hagai Tal. The board is grateful that he moved promptly to put Taptica's interests ahead of his own by tendering his resignation immediately."
Taptica added that the court's ruling against Tal "bears no direct impact on Taptica from a structural, financial or operational point of view".
Taptica shares were trading up 4.7% at 200.00 pence each.
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