Adslot announces resignation of CEO and appointment of Interim CEO

Adslot Ltd (ASX:ADS) has announced the resignation of Mr Ben Dixon as Chief Executive Officer, who has held the position since 27th February 2018. Mr Dixon has also resigned as a director of Adslot and certain subsidiaries. To ensure an orderly transition, Mr Dixon will provide advisory services until 31 December 2024. In his place, Mr Ben Loiterton, who has been advising the company on its strategic review and associated restructure, has been appointed as the Interim CEO.

Executive Commentary on Change of Leadership

Ben (Dixon) led Adslot through several very significant challenges since his appointment. He has overseen the product market fit of Adslot Media and has been instrumental in shaping the business for the future. The Board thanks Mr Dixon for his significant contributions and wishes him well in his future endeavors. Adslot's Executive Chairman, Mr Andrew Dyer, expressed gratitude towards Mr Dixon. Mr Dixon, in response, mentioned the challenges of leading the business through the reshaping global media industry and expressed confidence in the business's future under the interim leadership of Mr Ben Loiterton. Mr Ben Loiterton, the newly appointed Interim CEO, expressed his understanding of the global digital media market and his eagerness to build the business's commercial bench strength.

Summary of Adslot's Change of Leadership Announcement

Adslot Ltd (ASX:ADS) has announced the resignation of Mr Ben Dixon as Chief Executive Officer and his subsequent resignation as a director of Adslot and certain subsidiaries. Mr Ben Loiterton has been appointed as the Interim CEO to ensure an orderly transition. The company expressed gratitude towards Mr Dixon for his significant contributions and mentioned its better positioning for the future. Adslot has also entered into various agreements with Mr Loiterton and its Board of Directors, details of which are provided in the appendices. The company's mission to automate the trading of forward guaranteed display advertising remains unchanged, and it aims to realize the full growth potential of the $80B online display advertising industry.