'We continue to make progress executing our three-phase strategic plan focused on leveraging Mood Media’s market-leading portfolio of global assets,' - Steve Richards, Chief Executive Officer and President
Toronto, Ontario (PRWEB) January 06, 2014
Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) (LSE AIM: MM) (“Mood Media,” “Mood” or the “Company”) today announced that it has appointed Claude Nahon as President, Mood Media International. The appointment of Mr. Nahon follows recent announcements of strategic initiatives designed to transform the Company and better position the business to pursue organic growth opportunities, create new operating efficiencies and enhance profitability and free cash flow.
Based in London, U.K., Mr. Nahon will lead Mood’s European and Asian-Pacific territories to develop and execute strategies that optimize core resources, create international synergies and drive growth.
“We continue to make progress executing our three-phase strategic plan focused on leveraging Mood Media’s market-leading portfolio of global assets,” said Steve Richards, Chief Executive Officer and President of Mood Media. “Claude brings significant industry experience and in-depth knowledge of Mood’s global resources, which will be highly valuable as we execute our plan to enhance value for Mood stakeholders. Claude’s appointment further strengthens Mood’s executive leadership structure as we integrate key business functions, sharing our audio, visual, scent and mobile solutions across business units and borders.”
Mr. Nahon added, “Mood is well positioned to benefit from the emerging trends in our industry. The convergence of retail and digital trends is creating growth opportunities for Mood’s suite of solutions in international markets, given our mastery of unique in-store communication solutions. I’m excited to lead the Company’s international efforts and am confident that our innovative capabilities will present new opportunities for expansion across our customer base and beyond.”
About Claude Nahon
Claude Nahon served as Managing Director with the HighCo Group, a premier French promotional digital strategy company, in charge of European development of in-store media solutions in 2013. Prior to this Mr. Nahon served as the Managing Director of Mood Media’s French and Mediterranean markets from 2009 to 2011, then as President of Mood Europe from 2011 to early 2013. Prior to Mood, Mr. Nahon served at the Bertelsmann Group and its French TV subsidiary M6, where he founded and led their digital ad sales. Mr. Nahon worked previously at MTV Networks France, where he founded the MTV France Ad Sales House, among other key achievements. Mr. Nahon is a graduate of ISG Paris Business School.
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 http://www.moodmedia.com.
Mood Media Corporation
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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 November 14, 2013 and Mood Media’s annual information form dated March 28, 2013, both of which are available on http://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.