Jay Stevens, Rubicon Project’s, general manager, international, has exited the company drawing the line under a seven-year tenure there – a period that saw him help the business transition from an ad tech startup to publicly listed company.
It has been confirmed to The Drum that the firm's current senior vice-president of Europe, Oli Whitten is to take over Stevens' the role of head of international on an interim basis. It's unclear who will take over the duties longer-term and oversee the running of the company outside of its US headquarters
Stevens, a US native, has been based in the UK for over 10 years where he also worked for MySpace during its heyday. He has been awarded with a number of industry plaudits, and during his stint at Rubicon Project has established himself as a leading spokesperson in the ad tech space.
The Drum has contacted Rubicon Project to ask whether Stevens is going directly to another role, but the company has yet to respond on record.
Rubicon Project, an ad tech outfit that predominantly offers monetisation opportunities to media owners (such as publishers, but increasingly in the outdoor and TV sectors) was founded in 2007, and floated on the NASDAQ in 2014.
Many ad tech companies that have chosen a similar move have suffered when it comes to their stock price, but Rubicon has continually posted strong results, with managed revenue for the third quarter of 2015 totalling $244.4m for the third quarter of 2015, an increase of 45 per cent from $168.2m for the third quarter of 2014.