Advertising network and online gaming group Media Corporation has announced that executive chairman Jason Drummond is to step down from its board.
The London-based company sees Drummond depart to focus on other business interests, while Justin Drummond has taken the position of CEO, and will take charge of day-to-day operations of business until another CEO has been appointed.
Justin Drummond stated: “On behalf of the Board of Media Corp I would like to take this opportunity to thank Jason for all his work and contributions over the years to the Company and wish him every continued success in his other ventures. For the avoidance of doubt, Jason’s departure from the Board has nothing to do with the spurious and baseless legal claim recently issued against the Company. As part of its restructuring, the Board has taken the decision to inject some new blood and ideas to the Company with the search for a new CEO to help build on the strong growth in Eyeconomy, the Purple Lounge platform and the other exciting prospects currently in hand such as our joint venture with the Hippodrome Casino.”
Jason Drummond is also the co-founder and director of debitcard company FairFX and Coms.