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Shazam picks new CEO, preps for IPO

UK firm Shazam has appointed a new CEO to lead the company through its next growth phase, while incumbent Andrew Fisher takes on the role of executive chairman to steer the company through its planned launch on the stock market.

Rich Riley, previously EVP Americas at Yahoo, has been named CEO to take over from Fisher, who has led the company since 2005 and seen it amass over 300mn users globally, with around 2mn new users added each week.

Television has been identified by Fisher as a key pillar of the company’s future growth, with the Shazam for TV service launching in 2011 in the US for advertising and linear programming, and now covering all nationwide programming on over 160 channels.

Fisher commented: “I couldn’t be more pleased to welcome Rich Riley as Shazam’s new chief executive officer. Rich brings a tremendous amount of experience both as an Internet executive where he has rapidly scaled global businesses, to establishing strategic relationships with advertisers and partners, as well as his entrepreneurial approach and skills.

“Whilst Rich will run our business I will now spend more time focusing on our corporate development and future strategy including our ambitions to deliver a successful IPO for our shareholders as we look to become an increasingly important part of people’s everyday lives, helping them engage with content and brands in the most efficient way possible.”

Shazam recently poached the BBC’s Daniel Danker to take on the role of chief product officer. In one of his last public appearances as GM of On Demand at the BBC, Danker spoke at TV Connect 2013 about his belief that connected TV take-up is not showing sufficient growth, and needs coordinated industry support if it is to avoid the same fate as 3DTV.

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