Bright Mountain Media Appoints Elaine Riddell as Non-Executive Director Bringing 15 Years of Experience Driving Transformative Growth
Bright Mountain Media (OTCQB: BMTM) has appointed Elaine Riddell as Non-Executive Director of the Governance Committee. Riddell brings over 15 years of experience as a CEO, driving transformative growth in global data, analytics, and consulting firms. Her track record includes tripling revenue growth rates and scaling businesses rapidly while maintaining attractive margins.
Additionally, Matt Drinkwater, the company's CEO, has been appointed Interim Chairman of the Board. This change comes amid significant strategic and financial transformations, including strategic acquisitions, debt restructuring, governance enhancements, and business transformation initiatives. These moves aim to strengthen Bright Mountain Media's position in the global marketing services landscape and drive long-term success.
Bright Mountain Media (OTCQB: BMTM) ha nominato Elaine Riddell come Direttore Non Esecutivo del Comitato di Governance. Riddell porta con sé oltre 15 anni di esperienza come CEO, guidando una crescita trasformativa in aziende globali di dati, analisi e consulenza. Il suo curriculum include tassi di crescita dei ricavi triplicati e una rapida espansione delle aziende mantenendo margini attraenti.
Inoltre, Matt Drinkwater, il CEO dell’azienda, è stato nominato Presidente del Consiglio di Amministrazione ad Interim. Questo cambiamento avviene in un contesto di trasformazioni strategiche e finanziarie significative, comprese acquisizioni strategiche, ristrutturazione del debito, miglioramenti nella governance e iniziative di trasformazione aziendale. Queste mosse mirano a rafforzare la posizione di Bright Mountain Media nel panorama dei servizi di marketing globale e a promuovere il successo a lungo termine.
Bright Mountain Media (OTCQB: BMTM) ha nombrado a Elaine Riddell como Directora No Ejecutiva del Comité de Gobernanza. Riddell aporta más de 15 años de experiencia como CEO, impulsando un crecimiento transformador en empresas globales de datos, análisis y consultoría. Su historial incluye la triplicación de las tasas de crecimiento de ingresos y la rápida expansión de negocios mientras se mantienen márgenes atractivos.
Además, Matt Drinkwater, el CEO de la empresa, ha sido nombrado Presidente de la Junta Interino. Este cambio se produce en medio de transformaciones estratégicas y financieras significativas, incluidas adquisiciones estratégicas, reestructuración de deudas, mejoras en la gobernanza e iniciativas de transformación empresarial. Estos movimientos tienen como objetivo fortalecer la posición de Bright Mountain Media en el panorama de servicios de marketing global y fomentar el éxito a largo plazo.
브라이트 마운틴 미디어 (OTCQB: BMTM)는 엘레인 리델을 비상임 이사로 임명했습니다. 리델은 글로벌 데이터, 분석 및 컨설팅 회사에서 CEO로서 15년 이상의 경험을 쌓으며 혁신적인 성장을 이끌어왔습니다. 그녀의 경력에는 수익 성장률을 세 배로 늘리고 매력적인 마진을 유지하면서 비즈니스를 빠르게 확장한 사례가 포함됩니다.
또한, 맷 드링크워터 CEO가 이사회 임시 의장으로 임명되었습니다. 이러한 변화는 전략적 인수, 부채 구조 조정, 거버넌스 강화 및 비즈니스 혁신 이니셔티브를 포함한 중요한 전략적 및 재무적 변혁 속에서 일어나고 있습니다. 이러한 조치는 브라이트 마운틴 미디어의 글로벌 마케팅 서비스 분야에서의 입지를 강화하고 장기적인 성공을 이끌기 위한 것입니다.
Bright Mountain Media (OTCQB: BMTM) a nommé Elaine Riddell en tant que Directrice Non Exécutive du Comité de Gouvernance. Riddell possède plus de 15 ans d'expérience en tant que PDG, dirigeant une croissance transformative au sein d'entreprises mondiales de données, d'analytique et de conseil. Son parcours inclut un triplement des taux de croissance des revenus et une expansion rapide des entreprises tout en maintenant des marges attractives.
De plus, Matt Drinkwater, le PDG de l'entreprise, a été nommé Président du Conseil d'Administration par intérim. Ce changement survient dans un contexte de transformations stratégiques et financières significatives, y compris des acquisitions stratégiques, une restructuration de la dette, des améliorations de la gouvernance et des initiatives de transformation des affaires. Ces actions visent à renforcer la position de Bright Mountain Media dans le paysage des services marketing mondiaux et à favoriser le succès à long terme.
Bright Mountain Media (OTCQB: BMTM) hat Elaine Riddell zur nicht geschäftsführenden Direktorin des Governance-Ausschusses ernannt. Riddell bringt mehr als 15 Jahre Erfahrung als CEO mit, in denen sie transformatives Wachstum in globalen Daten-, Analyse- und Beratungsunternehmen vorangetrieben hat. Ihre Erfolgsbilanz umfasst die Verdreifachung der Umsatzwachstumsraten und die schnelle Skalierung von Unternehmen bei gleichzeitiger Beibehaltung attraktiver Margen.
Darüber hinaus wurde Matt Drinkwater, der CEO des Unternehmens, zum Interimsvorsitzenden des Vorstands ernannt. Diese Veränderung erfolgt im Zuge bedeutender strategischer und finanzieller Umstrukturierungen, einschließlich strategischer Akquisitionen, Schuldenrestrukturierung, Verbesserung der Governance und Initiativen zur Unternehmensumwandlung. Diese Schritte zielen darauf ab, die Position von Bright Mountain Media im globalen Marketingdienstleistungsbereich zu stärken und langfristigen Erfolg zu sichern.
- Appointment of Elaine Riddell as Non-Executive Director, bringing 15 years of CEO experience
- Riddell's track record of tripling revenue growth rates in previous roles
- CEO Matt Drinkwater appointed as Interim Chairman of the Board
- Strategic acquisitions to strengthen market position
- Debt restructuring efforts to improve profitability
- Implementation of new governance structures
- None.
Boca Raton, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 14, 2024, that they have appointed Elaine Riddell as Non-Executive Director of the Governance Committee.
Elaine Riddell is a dynamic growth strategist with a proven track record of unlocking breakthrough potential within companies. With over 15 years as a CEO at leading firms such as NOPWorld Health (a unit of UBM), TNS Healthcare, and Kantar Health (now Oracle LifeSciences), Elaine has a distinguished history of transforming established global data, analytics, and consulting firms into high-performing market leaders. Her efforts have consistently driven revenue growth at three times the market rate, demonstrating her unique ability to scale businesses rapidly while achieving attractive margins.
Elaine’s expertise extends from her foundational roles at Abbott Labs (now AbbVie) and IMS Health (now IQVIA), where she honed her skills in customer-centric innovation, strategic mergers and acquisitions, and building high-performance cultures. This broad experience underpins her current role as Managing Director at Oaklins DeSilva+Phillips, a leading investment bank specializing in M&A advisory within the marketing and media services sectors.
In addition to her advisory work, Elaine is an influential board director for the Executive Forum, a network of top executives dedicated to advancing business growth. She served as Vice President from 2012-2016 and 2018-2024 and was Chair of the Advisory Board for Themis Analytics from 2016 to its acquisition in 2017. Themis, a leader in data and analytics for the biopharma industry, benefited greatly from Elaine’s strategic guidance.
Elaine is a McGill University alumna and holds dual Canadian and American citizenship.
Elaine Riddell stated, "I am thrilled to join Bright Mountain Media's Board of Directors at an important and exciting time. The company's innovative marketing services approach and commitment to excellence align perfectly with my values and experience. I look forward to working with the team to enhance Bright Mountain Media's governance further and drive its continued success."
Matt Drinkwater, CEO of Bright Mountain Media, commented, "We are excited to welcome Elaine Riddell to our Board of Directors. Her extensive experience transforming market research companies and deep understanding of strategic growth make her an invaluable addition to our team. Elaine's insights and leadership will be instrumental as we advance our position in the global marketing services landscape and uphold our commitment to exceptional governance."
Additionally, Bright Mountain Media is excited to announce that Matt Drinkwater, our Chief Executive Officer, has been appointed Interim Chairman of the Board, effective immediately. This appointment comes at a crucial juncture as we undergo significant strategic and financial transformations. Key developments include:
- Strategic Acquisitions: We have undertaken acquisitions that strengthen our market position and expand our capabilities.
- Debt Restructuring: Our debt restructuring efforts pave the way for clearer profitability.
- Governance Enhancements: We have implemented new governance structures to support our evolving business needs better.
- Growth and Transformation: We are advancing our growth strategy and business transformation initiatives to ensure long-term success.
Matt Drinkwater's new role as Interim Chairman highlights our commitment to steering this transformative phase with solid leadership and a clear strategic vision.
About Bright Mountain Media, Inc.
Bright Mountain unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain's brands include Big Village, Deep Focus, Wild Sky Media, and BrightStream. For more information, please visit www.brightmountainmedia.com.
Forward-Looking Statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements that are based on current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Bright Mountain’s Annual Report on Form 10-K for the year ended December 31, 2023, and our other filings with the SEC. Bright Mountain does not undertake any duty to update any forward-looking statements except as may be required by law.
Contact / Investor Relations:
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https://otcprgroup.com
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