– BRITISH VIRGIN ISLANDS, Tortola – Minds + Machines Group Limited (LSE:MMX), the publicly quoted owner and operator of Internet top-level domains, announces that Antony Van Couvering is no longer the Chief Executive Officer of the Company. Mr Van Couvering was removed from office with immediate effect by means of a unanimous resolution of directors passed at a meeting of directors held on 19 February 2016. The Group is currently making the transition from asset gatherer to monetisation of its leading portfolio of top-level domains; the Board believes a change of leadership will assist in this process. As such, the Board is delighted that the Company’s Chief Marketing Officer, Toby Hall, has, subject to regulatory approvals, accepted the Company’s offer to take on the role of Chief Executive and lead the Group during this important period. Toby will join the Board in that capacity at the first Board meeting post completion of the requisite regulatory approvals at which point a further announcement will be made.
Guy Elliott, co-founder and non-executive Chairman, commented: “The Board wishes to thank Antony for the tremendous domain industry insight he has brought to the business in its formative years. Whilst he has contributed greatly to the business’s development, the Board felt that a fresh approach is required in order to fully exploit the revenue potential of our leading portfolio of TLDs. As such, the Board is delighted that our Chief Marketing Officer has accepted the role of CEO to work alongside our Chief Operating Officer, Michael Salazar. Toby brings a vision, dynamism, business acumen and commercialism, together with a deep understanding of the industry, having been an adviser to the Group since its inception.”
Toby Hall, the newly appointed CEO, said: “We are operating in a sector of significant growth and opportunity. As a portfolio registry player, we are exceptionally well placed to reach into markets – both geographic and vertical – through a strategy of partnership. It is a strategy that will allow us to drive growth while maintaining a tight control on costs.”
About Minds + Machines
Minds + Machines (LSE:MMX) is a leading owner and operator of new generic Top Level Domains (“gTLDs”), and provides registry services to a range of high-profile clients. The Group also provides domain name services through its wholly owned registrar operations in the US and Europe.
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