XLMedia has concluded its CEO search, as media figurehead David King joins the London AIM-listed gambling publisher.
King is expected to commence the position on 1 July 2022, as the company targets ‘a number of growth initiatives’, having established an enhanced European presence last year via its acquisition of UK-based Blue Claw Media.
The new hire fills the vacancy of CEO following the departure of Stuart Simms last month, who left the role to ‘pursue other interests’ although remaining with the company to oversee the recruitment drive alongside newly appointed Non-Executive Chair Marcus Rich.
Commenting on King’s appointment, Rich said: “We are delighted to welcome David to XLMedia and believe that, with his significant digital publishing experience and proven track record of leading change, he will be a key asset in helping us capitalise on a number of growth initiatives.
“David’s extensive knowledge of the media sector makes him the ideal candidate to lead the Group and I and the Board look forward to working with him.”
Prior to joining XLM, King held executive roles in several media companies, having most recently served as CEO of JPMedia Group, where he led a digital acceleration programme and incorporated a data strategy to drive audience growth.
Additionally, King also oversaw the growth of the i newspaper, the sale of the group in three separate stations and an ‘ongoing rationalisation programme’.
Further roles have included tenures as CEO of Timeout Group (2008-2012) and as CFO of BBC Worldwide operations (1998-2008).
The new hire added: “I am delighted to join XLMedia and am looking forward to working with the senior leadership team and all of the Group’s staff, alongside the board, to lead the business in delivering the next phase of its development and realising the benefits of the Company’s growth strategy.”