Mood Media announces Chief Financial Officer transition
Appoints Randal Rudniski Interim Chief Financial Officer
TORONTO, Nov. 1, 2013 /PRNewswire/ - Mood Media Corporation announced that its Chief Financial Officer, Ben Gujral, is leaving the Company to pursue other opportunities, effective November 15, 2013. Randal Rudniski has been appointed Interim Chief Financial Officer, and will provide leadership continuity as Mood Media executes its strategy to drive growth, enhance earnings and deliver operational efficiencies.
Steve Richards, CEO of Mood Media stated, "I thank Ben for his service and dedication to Mood Media and wish him all the best in his future endeavors. At the same time, I welcome Randal to his additional responsibilities and look forward to his continued contributions. Over the next 90 days, I will be working closely with the Board to complete the build out of the Mood leadership team and clearly define the responsibilities and goals of all key leaders. As we strengthen our global organization, we are implementing an internal scorecard initiative that will increase our ability to achieve corporate goals. This scorecard process will include performance metrics that will allow us to objectively measure individual, team and company-wide progress and execution. We are committed to enhancing Mood's operational capabilities, and are driving process improvements that we believe will allow us to create additional value for all Mood stakeholders."
Randal Rudniski currently serves as Mood Media's Executive Vice President, Investor Relations and Corporate Development, a role he has held since September 2012. Over the past 12 months, Mr. Rudniski has worked closely with Mr. Gujral and the Mood Media financial team, and the Company is confident that he will be able to provide seamless leadership continuity for the Mood Media financial team. Mr. Rudniski has also been collaborating with Steve Richards, Mood's Chief Executive Officer and President, to define and begin executing on the Company's strategy to broaden its audio, visual, mobile, scent and experiential solutions to further support clients, and enhance growth across the business.
Randal Rudniski has nearly 25 years of experience in the finance and Wall Street analyst sectors, focused primarily on media and telecommunications. Prior to joining Mood Media, Mr. Rudniski founded RJR Communications Insights Inc. where he conducted proprietary research on the economic drivers that impact the Canadian broadcast and telecom sectors for a broad range of clients. Before founding RJR Communications Insights, he served as Director of Equity Research for Media and Telecommunications at Credit Suisse Securities Canada for more than ten years.
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), is one of the world's largest designers of in-store consumer experiences, including audio, visual, interactive, scent, voice and advertising solutions. Mood Media's solutions reach over 150 million consumers each day through more than half a million subscriber locations in over 40 countries throughout North America, Europe, Asia and Australia.
Mood Media Corporation's client base includes more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining. Our marketing platforms include 77% of the top 100 retailers in the United States and 100% of the top 50 quick-serve and fast-casual restaurant companies.
For further information about Mood Media, please visit www.moodmedia.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. The words "believe", "expect", anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to important assumptions, including without limitation, expected growth, results of operations, performance, and business prospects and opportunities. While Mood Media considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: the impact of general market, industry, credit and economic conditions, currency fluctuations as well as the risk factors identified in Mood Media's management discussion and analysis dated August 8, 2013 and Mood Media's annual information form dated March 28, 2013, both of which are available on www.sedar.com. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Mood Media. Forward-looking statements are given only as at the date hereof and Mood Media disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.
SOURCE Mood Media Corporation
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