Criteo Announces Senior Executive Promotions

Rhea-AI Summary

Criteo (Nasdaq: CRTO), the commerce media company, has announced key leadership promotions to drive growth in Retail Media and Performance Media. Brian Gleason has been promoted to Chief Revenue Officer and President, Retail Media, overseeing the execution of Retail Media ambitions and leading the global commercial organization. Ryan Damon has been appointed Chief Legal and Transformation Officer, expanding his role to include transformation initiatives for Criteo's Commerce Media Platform. Connor McGogney has been promoted to Chief Business Development Officer, focusing on growth strategy, mergers and acquisitions, and strategic partnerships.

These promotions aim to accelerate Criteo's transformation into a Commerce Media powerhouse and drive shareholder value. All three executives will report directly to CEO Megan Clarken.

Positive

• Promotion of experienced executives to key leadership positions
• Focus on growth in Retail Media and Performance Media sectors
• Expansion of roles to drive transformation and execution of Commerce Media Platform vision
• Emphasis on mergers, acquisitions, and strategic partnerships for growth

Negative

• None.

NEW YORK, July 26, 2024 /PRNewswire/ -- Criteo (Nasdaq: CRTO), the commerce media company, today announced the promotion of key leaders to further propel growth and continue building momentum in Retail Media and Performance Media, effective immediately.

Brian Gleason, who joined Criteo in April 2022 as Chief Revenue Officer, will assume the expanded role of Chief Revenue Officer and President, Retail Media. He will oversee the end-to-end execution of our Retail Media ambitions, driving even greater efficiency and agility, and further advancing Criteo's market presence and leadership in the fastest-growing channel in digital advertising. He will also continue to lead the company's global commercial organization, driving top-line growth and expanding new client opportunities. Prior to joining Criteo, Gleason was Global Chief Commercial Officer of GroupM, a WPP subsidiary. He also served as CEO of Xaxis, one of the world's largest programmatic audience platforms, and in senior roles at various advertising and technology companies that enjoyed significant growth under his leadership.

Ryan Damon, formerly Chief Legal and Corporate Affairs Officer, will assume the expanded role of Chief Legal and Transformation Officer. In addition to overseeing the company's legal, compliance and public affairs, his new responsibilities will cover transformation initiatives to further drive Criteo's Commerce Media Platform vision and execution roadmap, including Criteo's trading infrastructure and custom capabilities. Prior to joining Criteo in 2018, Damon served as Senior Vice President, General Counsel and Secretary at Riverbed Technology where he led legal and corporate development. He has also held senior legal roles at Charles Schwab and was an attorney with the law firm of Gunderson Dettmer in Silicon Valley, representing start-up technology companies and venture capital investors.

Connor McGogney, formerly Executive Vice President, Corporate Development, has been promoted to Chief Business Development Officer. Since joining Criteo in 2018, McGogney has been instrumental in shaping Criteo's acquisition and business transformation strategy. As part of the senior leadership team, he will play a central role in driving the company's growth strategy including mergers and acquisitions and forging strategic partnerships to further advance Criteo's global market position. Previously, McGogney was Vice President, Global M&A and Corporate Development at Nielsen. He also served as Vice President, Media and Technology Investment Banking at Credit Suisse.

"These executive leadership changes will accelerate our success and enable further growth as we continue to transform our company into a Commerce Media powerhouse. Brian, Ryan and Connor are exceptional leaders who will help us continue to scale our business and drive shareholder value," said Megan Clarken, Chief Executive Officer of Criteo.

In addition to Brian Gleason and Ryan Damon, Connor McGogney will report directly to Megan Clarken, Chief Executive Officer.

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. 

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

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

Forward-Looking Statements Disclosure

This press release contains forward-looking statements, including our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, including without limitation uncertainty regarding the timing and scope of proposed changes to and enhancements of the Chrome browser announced by Google, investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions materialize as expected, uncertainty regarding international growth and expansion (including related to changes in a specific country's or region's political or economic conditions), the impact of competition, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith, the impact of consumer resistance to the collection and sharing of data, our ability to access data through third parties, failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K filed with the SEC on February 23, 2024, and in subsequent Quarterly Reports on Form 10-Q as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted Criteo's business, financial condition, cash flow and results of operations.

Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

 

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SOURCE Criteo Corp

FAQ

What leadership changes did Criteo (CRTO) announce on July 26, 2024?

Criteo announced three key promotions: Brian Gleason to Chief Revenue Officer and President, Retail Media; Ryan Damon to Chief Legal and Transformation Officer; and Connor McGogney to Chief Business Development Officer.

How will Brian Gleason's new role impact Criteo's (CRTO) Retail Media business?

As Chief Revenue Officer and President, Retail Media, Brian Gleason will oversee the end-to-end execution of Criteo's Retail Media ambitions, driving efficiency, agility, and advancing the company's market presence in this fast-growing digital advertising channel.

What are Ryan Damon's new responsibilities at Criteo (CRTO)?

Ryan Damon, as Chief Legal and Transformation Officer, will oversee legal, compliance, and public affairs, as well as lead transformation initiatives for Criteo's Commerce Media Platform vision, including trading infrastructure and custom capabilities.

What will be Connor McGogney's focus as Criteo's (CRTO) new Chief Business Development Officer?

Connor McGogney will focus on driving Criteo's growth strategy, including mergers and acquisitions, and forging strategic partnerships to advance the company's global market position.