Mihir Shah has resigned from his role as CEO and president of Tapjoy, effective immediately.
The mobile advertising network's board of directors has announced that former Disney Interactive Media Group president Steve Wadsworth will step up as Shah's replacement.
Shah served as Tapjoy's CEO for just over two years, but his departure seems to have been unexpected. He will not remain on the Tapjoy board.
New blood
In an statement to VentureBeat, a Tapjoy spokesperson explained that Wadsworth was appointed because the board "believes the company's growth and scale has progressed to a point where a change in leadership and management experience is best suited for Tapjoy going forward.
"This change is being made to realise and capture the massive opportunity available to the company."
Wadsworth was president of Disney's Interactive Media Group overseeing various websites and gaming projects at the company for 11 years, during which time he managed the $763 million acquisition of Playdom.
He left Disney in 2010, and joined Tapjoy as a director in late 2011.
On a fault line
"Tapjoy sits in the epicentre of an incredibly exciting growth industry and is very well positioned to take advantage of future growth," said Mark Leschly, the chairman of Tapjoy's board of directors.
"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."
"The board would also like to acknowledge Mihir's contributions to the firm during his tenure as CEO and thank him for helping the company transition from its start-up phase to a market leading growth company," Leschly concluded.
[source: Tapjoy]
Top Stories
News
5 hours, 22 minutes ago
Mobile legend Stumble Guys is now on PlayStation 4 and 5 with cross-progression
Feature
10 hours, 13 minutes ago
Matej Lančarič's Squad Busters deep dive: Under the skin of 2024's biggest launch yet
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Berlin May 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |