Print Published 13th Apr 2017, 11:05

Board changes follow Matomy loss

The game of musical chairs continues to be played in the boardroom of the loss-making Israeli digital advertising sales business Matomy Media Group in which Publicis Groupe has a 20% shareholding.

Matomy lost $11.7 million in 2016 as it spent substantial funds on adapting its business offer to suit the growing mobile app and video markets and become less reliant on declining desktop and social media revenue (see Matomy loses $11.7m in search for new media channels).

Today the company announced that co-founder and chief executive officer Ofer Druker (51) has decided to step down from his role “to pursue new challenges”.  He will leave the board on 30 May.