RadiumOne fires founder and CEO Gurbaksh Chahal following domestic violence charges
RadiumOne has confirmed that it has fired its founder and CEO, Gurbaksh Chahal, and replaced him with Bill Lonergan with immediate effect.
The removal of Chahal follows days of scrutiny for the technology company following allegations that he beat his girlfriend over 100 times during a sustained attack.
Earlier today, Chahal released a blog on his personal website to claim that he was innocent of the charges and said that he would not leave the company despite online protests for him to be removed.
The statement released by the board read: "At a board meeting yesterday evening, RadiumOne’s board of directors voted to terminate the employment of Gurbaksh Chahal as CEO and Chairman of the company. Bill Lonergan, the company COO, will take over as CEO of the Company immediately. Bill has an extraordinary professional background and has helped build Blue Lithium and RadiumOne into industry leading brands. We are confident he will continue Radium One’s impressive trajectory.
"RadiumOne builds software that automates media buying, making big data actionable for digital marketers.
"RadiumOne uses programmatic advertising to connect brands to their next customers by incorporating valuable first-party data about behaviors, actions and interests demonstrated by consumers across web and mobile touch points.
"Based in San Francisco, RadiumOne has offices across the US, Canada, Europe and Australia."
Conde Naste had also admitted that it was reconsidering its relationship with the company following reports of Chahal's conduct.
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RadiumOne maintains the most intelligent, efficient and effective advertising platform for engaging and activating consumers across online, video, Facebook and mobile using real-time bidding. In a market exploding with data and complexity, we make digital media buying intelligent, seamless and effective, giving brands the transparency and control they need.
RadiumOne’s platform harnesses data from hundreds of millions of social interactions through its own first party products and various data partnerships to deliver unique audiences and more accurate audience purchase predictions for clients, at scale. This dynamic data is constantly changing and being updated to ensure the most relevant and timely delivery of ads.