Criteo Announces Changes to its Board of Directors

Rhea-AI Summary

Criteo S.A. (NASDAQ: CRTO) announced significant changes to its Board of Directors as of July 28, 2020. Co-founder and former CEO Jean-Baptiste Rudelle stepped down as Chairman but remains on the board. Rachel Picard, who joined the Board in June 2017, has been elected as the new Chairwoman, while James Warner, a board member since February 2013, was appointed Vice Chairman. These leadership changes come at a crucial time for Criteo, a global technology firm specializing in impactful advertising solutions for marketers.

Positive

• Rachel Picard's election as Chairwoman may bring fresh perspectives and strategic direction.
• James Warner's experience as lead independent director could ensure stable governance.

Negative

• Jean-Baptiste Rudelle's departure as Chairman may raise concerns about continuity in leadership.

NEW YORK, July 29, 2020 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the global technology company powering the world's marketers with trusted and impactful advertising, today announced changes to its Board of Directors.

Jean-Baptiste Rudelle, Criteo's co-founder and former CEO, stepped down as Chairman of the Board of Criteo, effective July 28, 2020.  Mr. Rudelle will remain a member of the Board of Directors. Rachel Picard, a member of Criteo's Board of Directors since June 2017, has been elected as Chairwoman of the Board of Directors. In addition, James Warner, a member of Criteo's Board of Directors since February 2013 and the lead independent director since December 2013, has been elected Vice Chairman of the Board of Directors.

"I am truly honored and delighted to guide Criteo forward as Chairwoman of the Board at this exciting and important juncture for the Company," said Ms. Picard.

About Criteo

Criteo (NASDAQ: CRTO) is the global technology company powering the world's marketers with trusted and impactful advertising. 2,700 Criteo team members partner with over 20,000 customers and thousands of publishers around the globe to deliver effective advertising across all channels, by applying advanced machine learning to unparalleled data sets. Criteo empowers companies of all sizes with the technology they need to better know and serve their customers. For more information, please visit www.criteo.com.

Contacts

Criteo Investor Relations
Edouard Lassalle, VP, Head of Investor & Analyst Relations, e.lassalle@criteo.com
Friederike Edelmann, IR Director, f.edelmann@criteo.com

Criteo Public Relations
Jessica Meyers, Director, PR, Americas, j.meyers@criteo.com

View original content:http://www.prnewswire.com/news-releases/criteo-announces-changes-to-its-board-of-directors-301101865.html

SOURCE Criteo S.A.

FAQ

Who has been elected as the new Chairwoman of Criteo?

Rachel Picard has been elected as the new Chairwoman of Criteo's Board of Directors.

What position did Jean-Baptiste Rudelle hold at Criteo before stepping down?

Jean-Baptiste Rudelle was the Chairman of the Board of Criteo before his step down.

When did the changes to Criteo's Board of Directors take effect?

The changes took effect on July 28, 2020.

What was Jean-Baptiste Rudelle's role after stepping down as Chairman?

He remains a member of the Board of Directors.

What other board member was elected alongside Rachel Picard?

James Warner was elected as Vice Chairman of the Board.