Appoints Randal Rudniski Interim Chief Financial Officer
TORONTO, Nov. 1, 2013 /CNW/ - 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
