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Criteo Announces CEO Succession Plan

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Criteo S.A. (NASDAQ: CRTO) has announced that CEO Megan Clarken plans to retire within the next 12 months. Clarken will continue as CEO until a successor is named and will then step down from the Board. She has agreed to remain as a senior advisor to ensure a smooth transition. The Board has initiated a search for a new CEO, engaging Heidrick & Struggles to assist in the process.

Board Chair Rachel Picard praised Clarken's leadership over the past five years, highlighting her role in Criteo's transformation into an end-to-end AdTech platform for Retail and Commerce Media. The Board expressed confidence in the company's strategy and senior leadership team. Clarken stated her pride in Criteo's accomplishments during her tenure, including navigating industry challenges and building differentiated capabilities that have positioned Criteo as a Commerce and Retail Media powerhouse.

Criteo S.A. (NASDAQ: CRTO) ha annunciato che l'Amministratore Delegato Megan Clarken prevede di andare in pensione nei prossimi 12 mesi. Clarken continuerà a ricoprire il ruolo di CEO fino a quando non verrà nominato un successore e poi si dimetterà dal Consiglio. Ha accettato di rimanere come consulente senior per garantire una transizione agevole. Il Consiglio ha avviato la ricerca di un nuovo CEO, coinvolgendo Heidrick & Struggles per assistere nel processo.

Il Presidente del Consiglio Rachel Picard ha elogiato la leadership di Clarken negli ultimi cinque anni, sottolineando il suo ruolo nella trasformazione di Criteo in una piattaforma AdTech a ciclo completo per il Retail e i Media Commerciali. Il Consiglio ha espresso fiducia nella strategia dell'azienda e nel team di leadership senior. Clarken ha dichiarato di essere fiera dei risultati ottenuti da Criteo durante il suo mandato, inclusa l'abilità di affrontare le sfide del settore e costruire capacità differenziate che hanno posizionato Criteo come un colosso nei Media Commerciali e Retail.

Criteo S.A. (NASDAQ: CRTO) ha anunciado que la CEO Megan Clarken planea jubilarse en los próximos 12 meses. Clarken continuará como CEO hasta que se nombre a un sucesor y luego dejará el Consejo. Ha aceptado permanecer como asesora senior para asegurar una transición fluida. El Consejo ha iniciado la búsqueda de un nuevo CEO, contratando a Heidrick & Struggles para ayudar en el proceso.

La Presidenta del Consejo, Rachel Picard, elogió el liderazgo de Clarken en los últimos cinco años, destacando su papel en la transformación de Criteo en una plataforma AdTech integral para el comercio minorista y los medios comerciales. El Consejo expresó confianza en la estrategia de la empresa y en su equipo de liderazgo senior. Clarken afirmó que está orgullosa de los logros de Criteo durante su mandato, incluyendo la capacidad de enfrentar los desafíos de la industria y construir capacidades diferenciadas que han posicionado a Criteo como una potencia en los Medios Comerciales y Minoristas.

Criteo S.A. (NASDAQ: CRTO)는 CEO Megan Clarken이 향후 12개월 이내에 은퇴할 계획이라고 발표했습니다. Clarken은 후임이 임명될 때까지 CEO 직위를 유지하며, 이후 이사회에서 물러날 것입니다. 그녀는 부드러운 전환을 보장하기 위해 고문으로 남기로 동의했습니다. 이사회는 새로운 CEO를 찾기 위해 Heidrick & Struggles와 협력하고 있습니다.

이사회 의장인 Rachel Picard는 지난 5년 동안 Clarken의 리더십을 높이 평가하며, 그녀가 Criteo를 소매 및 상업 미디어를 위한 종합 AdTech 플랫폼으로 전환하는 데 기여한 역할을 강조했습니다. 이사회는 회사의 전략과 고위 리더십 팀에 대한 신뢰를 표현했습니다. Clarken은 자신의 재임 기간 동안 Criteo의 성과에 자부심을 느끼며, 업계 도전 과제를 극복하고 Criteo를 상업 및 소매 미디어 강자로 자리잡게 한 차별화된 역량을 구축한 것에 대해 언급했습니다.

Criteo S.A. (NASDAQ: CRTO) a annoncé que la PDG Megan Clarken prévoit de prendre sa retraite dans les 12 prochains mois. Clarken continuera d'exercer ses fonctions de PDG jusqu'à ce qu'un successeur soit nommé, puis elle quittera le Conseil. Elle a accepté de rester en tant que conseillère senior pour assurer une transition en douceur. Le Conseil a lancé une recherche pour un nouveau PDG, engageant Heidrick & Struggles pour les aider dans ce processus.

La présidente du Conseil, Rachel Picard, a salué le leadership de Clarken au cours des cinq dernières années, soulignant son rôle dans la transformation de Criteo en une plateforme AdTech de bout en bout pour les médias de vente au détail et commerciaux. Le Conseil a exprimé sa confiance dans la stratégie de l'entreprise et son équipe de direction. Clarken a déclaré être fière des réalisations de Criteo durant son mandat, y compris sa capacité à surmonter les défis de l'industrie et à développer des capacités différenciées qui ont positionné Criteo en tant que puissance dans les médias commerciaux et de vente au détail.

Criteo S.A. (NASDAQ: CRTO) hat bekannt gegeben, dass die CEO Megan Clarken plant, innerhalb der nächsten 12 Monate in den Ruhestand zu gehen. Clarken wird weiterhin CEO bleiben, bis ein Nachfolger benannt wird, und wird dann aus dem Vorstand ausscheiden. Sie hat sich bereit erklärt, als Senior Advisor zu bleiben, um einen reibungslosen Übergang zu gewährleisten. Der Vorstand hat die Suche nach einem neuen CEO eingeleitet und Heidrick & Struggles mit der Unterstützung im Prozess beauftragt.

Die Vorstandsvorsitzende Rachel Picard lobte Clarkens Führung in den vergangenen fünf Jahren und hob ihre Rolle bei der Transformation von Criteo in eine End-to-End-AdTech-Plattform für den Einzelhandel und die Handelsmedien hervor. Der Vorstand äußerte Vertrauen in die Strategie des Unternehmens und das Senior Leadership Team. Clarken erklärte, stolz auf die Erfolge von Criteo während ihrer Amtszeit zu sein, einschließlich der Bewältigung von Branchenherausforderungen und dem Aufbau differenzierter Fähigkeiten, die Criteo als Leistungsträger im Handels- und Einzelhandelsumfeld positioniert haben.

Positive
  • CEO succession plan in place, ensuring leadership continuity
  • Successful transformation into an end-to-end AdTech platform
  • Strong position in Retail and Commerce Media sectors
  • Board's confidence in current strategy and senior leadership team
Negative
  • Potential disruption during leadership transition
  • Uncertainty surrounding future strategic direction under new CEO

NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the commerce media company, today announced that Chief Executive Officer Megan Clarken has informed the Board of Directors of her intention to retire within the next 12 months. To ensure a smooth transition, Clarken will continue to serve as CEO until her successor is named, at which time she will also step down from the Board. Clarken has also agreed to remain with Criteo in a senior advisor role providing services until any necessary transition is complete.

The Board has initiated a search and engaged Heidrick & Struggles, a leading executive search firm, to assist in the process of identifying and evaluating both internal and external candidates. 

"On behalf of the entire Board, I want to extend our deepest gratitude to Megan for her strong leadership, deep passion and critical contributions to Criteo over the past five years," said Rachel Picard, Chair of Criteo's Board of Directors. "She has been instrumental in Criteo's growth and has led the successful transformation of the Company to become the end-to-end AdTech platform of choice in Retail and Commerce Media. As a result of her leadership and the team that she has built, Criteo is positioned to continue to capture market share and capitalize on emerging trends in the AdTech market. The Board remains fully confident in the Company's strategy as well as its senior leadership team, and through our ongoing succession planning, we are committed to appointing a new CEO who will continue to drive our ambitious vision forward. We greatly appreciate Megan's support in ensuring a smooth transition."

"I'm incredibly proud of what we've accomplished during my time as CEO of Criteo," said Clarken. "It is an honor to work with the Criteo leadership team and so many exceptionally talented people. Together, we have navigated complex industry challenges and built differentiated capabilities that have transformed the company into a Commerce and Retail Media powerhouse. We have dedicated ourselves to the greater good of the industry and have transformed our Company into a global leader in the AdTech space. Working closely with the Board, I look forward to continuing to lead Criteo with my full focus, while ensuring that the succession is seamless."

About Criteo

Criteo (NASDAQ: CRTO) is the global commerce media company that enables marketers and media owners to drive better commerce outcomes. Its industry leading Commerce Media Platform connects thousands of marketers and media owners to deliver richer consumer experiences from product discovery to purchase. By powering trusted and impactful advertising, Criteo supports an open internet that encourages discovery, innovation, and choice. For more information, please visit www.criteo.com.

Contacts

Criteo Investor Relations
Melanie Dambre, m.dambre@criteo.com

Criteo Public Relations
Amanda Echavarri, a.echavarri@criteo.com

OR

Camilla Scassellati-Sforzolini, Warren Rizzi
FGS Global
Criteo@FGSGlobal.com

Cision View original content:https://www.prnewswire.com/news-releases/criteo-announces-ceo-succession-plan-302230765.html

SOURCE Criteo S.A.

FAQ

When is Criteo CEO Megan Clarken planning to retire?

Megan Clarken has announced her intention to retire within the next 12 months from Criteo (NASDAQ: CRTO).

Who will replace Megan Clarken as CEO of Criteo?

Criteo's Board has initiated a search for a new CEO, engaging Heidrick & Struggles to assist in identifying and evaluating both internal and external candidates.

What has been Megan Clarken's impact on Criteo during her tenure?

Megan Clarken has led Criteo's transformation into an end-to-end AdTech platform for Retail and Commerce Media, positioning the company as a leader in the AdTech space.

Will Megan Clarken remain involved with Criteo after stepping down as CEO?

Yes, Megan Clarken has agreed to remain with Criteo in a senior advisor role to ensure a smooth transition after stepping down as CEO and from the Board.

Criteo S.A.

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