Stuart Simms, CEO XLMedia Set to Resign after an Orderly Handover

Stuart Simms is the CEO of affiliate XLMedia and has announced that he will be stepping down.

Simms has informed the board that he wishes to quit the post. Simms will continue to be with the organisation for many months “to facilitate an orderly handover.”

Simms will be replaced by the board. They are looking for someone capable of “building upon” the recent transformations at 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 was appointed Group CEO at XLMedia on October 2019 and has overseen significant growth during this time.

However, XLMedia’s financial reporting during that period presented some stumblingblocks, with certain verticals not going as smoothly for the affiliate.

Julie Markey is Interim Chair at XLMedia. 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. On behalf of the Board I wish him every success for 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.”