– UK, London – Gloo Networks plc, a technology company established to acquire and operate companies in the media sector, announces the appointment of Arnaud de Puyfontaine, as Non-Executive Chairman of the Company, effective immediately.
Mr de Puyfontaine is Chief Executive of Vivendi, the French media group. He is also a Non-Executive Director of Schibsted, a Scandinavian media group.
Along with the other Directors, he will be responsible for the overall management and strategic direction of Gloo. His extensive experience of media (and especially digital media) will be key to the successful implementation of the Company’s strategy.
Rebecca Miskin, Gloo Chief Executive Officer said: “Arnaud’s vision and strategic thinking will be of enormous benefit to Gloo as we execute our strategy. He is one of the leading figures in the global media industry and we’re delighted to have secured someone of his calibre to our Board. He will bring a tremendous depth of insight and experience into the boardroom.”
Arnaud de Puyfontaine said: “I am delighted to be joining Gloo Networks at this critical stage in the company’s development, and when the structural changes in the media industry are generating a wealth of opportunities. Rebecca and her team have the energy, skills and experience to transform businesses and create real, sustainable value for Gloo’s shareholders.”
About Gloo Networks Plc
Gloo listed on the AIM market of the London Stock Exchange in August, successfully raising £30 million from a range of financial institutions including Marwyn, Invesco, Standard Life, Ruffer and City Financial.
Gloo intends to acquire and operate trusted consumer brands in the media sector, initially with an enterprise value in the range of £250 million to £1 billion. The Company is led by digital transformation experts Rebecca Miskin (Chief Executive Officer), formerly Digital Strategy Director and Change Agent at Hearst Magazines UK, and Juan Lopez-Valcarcel (Chief Product and Operations Officer), who was previously Chief Digital Officer for Pearson International.
Gloo is seeking to benefit from the changing relationship between consumer brands, media owners and the advertising industry; this relationship continues to experience structural change, driven by the evolving prevalence of internet usage and the increasing adoption of data analytics, allowing businesses to better understand and serve consumers. The convergence of the internet and media sectors has created multiple investment opportunities with numerous companies or businesses identified within Gloo’s target universe.
Gloo intends to acquire businesses that appeal to attractive socio-economic groups, and through the use of data and technology, transform these businesses to fully realise their digital potential, thereby unlocking value and increasing profitability.
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