RhythmOne appoints Mark Bonney to its Board of Directors as CEO

– USA, CA – RhythmOne plc (AIM:RTHM), today announces that Ted Hastings, who has served as the Company’s Chief Executive Officer since June 2017, has resigned as both Chief Executive Officer and a member of the RhythmOne Board of Directors, to pursue entrepreneurial opportunities. The Company is pleased to announce that the RhythmOne Board has appointed Mark Bonney as President, Chief Executive Officer of the Company and an Executive Director of the Board.

This is a coordinated transition in executive roles that supports RhythmOne’s evolution, and the Board believes that Mr. Bonney is particularly suited to drive the next phase of the Company’s development. With RhythmOne’s end-to-end programmatic engine firmly established, the Company intends to focus on the integration of recent acquisitions in order to create an effective platform to facilitate growth and scale and, ultimately, drive shareholder value creation.

Mr. Bonney, age 64, has over 35 years of experience as a senior executive officer and has held a variety of roles that include Chief Executive Officer, Chief Financial Officer and Chief Operations Officer – in both the United States and internationally, as well as several directorships of public and private businesses. Mr. Bonney has led companies through various transformative events with a proven track record of having dramatically increased value for shareholders and maximized opportunities for growth. Most recently, from December 2014 until its sale in August 2017, Mr. Bonney served as President, Chief Executive Officer and an executive director of MRV Communications, Inc. (“MRV”), a communications equipment and services provider.  Mr. Bonney was an Independent Director of MRV from April 2013 until his appointment as Executive Vice President and Chief Financial Officer in August 2014. From January 2013 through August 2014, Mr. Bonney served as President, Chief Executive Officer of On Board Advisors LLC. Previously, Mr. Bonney held a number of executive positions at various companies, which included President and Chief Operating Officer, Vice President of Operations, and Chief Financial Officer. Mr. Bonney holds a BS in Business Administration and Economics from Central Connecticut State University and an MBA in Finance from the University of Hartford.

Ted Hastings, former Chief Executive Officer, said: “I am grateful for my experience at RhythmOne and the accomplishments during my tenure, which put in place vital building blocks for the future success of RhythmOne.  I believe that now is the right time for me to transition out of the role and to pursue entrepreneurial endeavors. I look forward to remaining a shareholder of the Company.”

Eric Singer, Chairman of the Board said: “We appreciate Ted’s service to the Company and his leadership over the past year.  As we focus on the integration efforts of the combined enterprise, we are excited about the new leadership and the direction we believe Mark will take RhythmOne.  His extensive experience leading public companies through integrations and other transformative events will be invaluable as we continue to execute against our financial plan and evaluate strategic acquisitions to accelerate growth and profitability with the goal of maximizing shareholder value.”

Mark Bonney, newly-appointed President, Chief Executive Officer said: “The RhythmOne opportunity draws squarely on my experience of integrating businesses and building value for shareholders. I look forward to working with the executive team to execute against the FY2019 plan and continue the hard work of integrating the prior acquisitions. I’ve met with several members of the board and executive team and am excited about the opportunities that lie ahead of us.”

About RhythmOne

RhythmOne drives engagement between advertisers and targeted audiences – resulting in real, measurable business outcomes. We offer fully integrated, cross-screen solutions that span desktop, mobile, and connected TV across high-impact video, rich media, display, social, and native advertising formats – ensuring advertisers reach high-propensity audiences wherever and however they consume content. The connections we make are further enhanced through unique audience data and powered by our unified programmatic platform, RhythmMax. This end-to-end platform – coupled with the world-class service of our account teams – provides more direct, efficient, and effective connections, driving ROI for advertisers and publishers. Founded in 2004 in the UK, RhythmOne is headquartered in San Francisco with offices in the US, UK, Europe, APAC, and Canada.

For more information : http://www.rhythmone.com

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