RadiumOne “is bigger than one man” EMEA managing director Rupert Staines has said, as the company has re-entered talks with TechCrunch about renewing its sponsorship of an event in New York and is speaking to client Condé Nast following controversy surrounding the company’s founder and former CEO, Gurbaksh Chahal.
Chahal was fired by the board over the weekend following charges he faced of assaulting his girlfriend, which reportedly including him punching her over 100 times, a charge he has publicly denied.
He was immediately replaced by COO Bill Lonergan on Sunday 27 April.
Speaking to The Drum, Staines described the situation as “desperately unfortunate” and added that the board had “no choice” in making the decision that they did, but that the company had put the relationship with clients and partners first.
“Whilst Gurbaksh is a fantastically successful entrepreneur, he lit the flame and we will carry the torch. The idea and the technology is still the stand-out story for RadiumOne,” he continued, adding that the company was back in conversations with Tech Crunch which had removed it as a sponsor of an upcoming event amidst reports surround Gurbaksh, and Condé Nast, which had admitted it was reconsidering its recent relationship.
“The company has been extremely strong and swift in its response in order to move forward. I am hoping that our partnerships will continue unabated without any disruption,” Staines added.
He described Lonergan as “a phenomenal operator,” who had enormous business experience.
“The senior management team are in full support of him and we are very excited that he is going to take the business forward.”