Tapjoy today announced that Steve Wadsworth, who serves on its board and who formerly was president of Disney Interactive Media Group, has been named president and CEO. The move follows the unexpected resignation of Mihir Shah from those positions.
The mobile advertising and monetization platform company confirmed that the changes are effective immediately.
Mark Leschly, chairman of Tapjoy’s board of directors, said the transition was expected to be “seamless” for customers and employees alike. He also thanked Shah “for helping the company transition from its start-up phase to a market leading growth company.”
Wadsworth spent 17 years of his earlier career at the Walt Disney Company, joining the company in 1993 and spending over a decade as head of Disney’s Internet and digital media business.
Tapjoy is headquartered in San Francisco with offices in New York, Los Angeles, Chicago, Atlanta, Boston, London, Seoul, Beijing, Shanghai and Tokyo. The company’s investors include J.P.Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures.
Leschly and Wadsworth issued statements regarding today’s news.
Mark Leschly, chairman, Tapjoy board of directors: “Tapjoy sits in the epicenter of an incredibly exciting growth industry and is very well positioned to take advantage of future growth. Tapjoy has scaled dramatically over the past two years, and we are very excited and fortunate to have someone with Steve’s management credentials and deep technology and entertainment industry expertise to lead Tapjoy through our next phase of growth. Steve has had a unique opportunity to work closely with our senior management team since joining the Board. He will ensure that this is a seamless transition for all of Tapjoy’s customers and employees as we continue to drive the growth and product innovation we are known for.
Steve Wadsworth, president and CEO, Tapjoy: “I’m extremely excited to be joining Tapjoy and the incredible team of talented, committed people who have built this dynamic company, and I’m thrilled to have the opportunity to lead Tapjoy through our next stage of growth. Tapjoy is a unique and compelling company whose innovation has created a robust model for mobile app discovery and monetization, serving the needs of publishers and advertisers. I’m honored to be part of the team, and I look forward to the opportunity.”
Tapjoy – press release