News Order Online April 20, 2022
Stuart Simms is the CEO of XLMedia and he will resign “orderly”
By Tim Poole
Stuart Simms is the CEO of affiliate XLMedia and has announced that he will be stepping down.
Simms informed the board about his intention to leave, and he will stay with the organization for several months in order to facilitate a smooth handover.
Simms will be replaced by the board. They are looking for someone capable of “building upon” the recent transformation of XLMedia.
By comparison, Jesper Søgaard, CEO of Better Collective, leads the huge affiliate having co-founded it in 2004, while Michael Daly leads Catena Media, another significant player within the iGaming market, having taken over as CEO on 1 March 2021.
Simms, who was elected Group CEO of XLMedia by the shareholders in October 2019, oversaw significant M&A and growth.
However, XLMedia’s financial reporting during that period presented some stumblingblocks, with certain verticals not going as smoothly for the affiliate.
Julie Markey (Interim Chair, XLMedia) stated: Stuart’s contribution to XLMedia during a difficult period of our history is something I would like to say thank you.
“He departs having expanded our sports footprint in North America, a key strategic focus. The Board wishes him the best in the future.
Und Simms also: “During my time at XLMedia, and with the support of my team, we have been able to deliver substantive, tangible change; de-risking the core business whilst moving the company’s operational focus towards the growing North American sports market – creating a strong asset base capable of delivering shareholder value for many years to come.”
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