Isentia CEO John Croll Quits After “Challenging Six Months”

Isentia CEO John Croll Quits After “Challenging Six Months”
SHARE
THIS



ASX-listed media intelligence company Isentia has announced the resignation of its CEO and managing director John Croll.

In a statement to shareholders, Isentia said Croll has given six months’ notice so that an orderly transition can occur, and the board is going to undertake a global search for his replacement immediately.

“After almost 20 years as CEO, I believe it is time for a change,” Croll said in a statement.

“I have been incredibly privileged to lead the talented and dedicated team at Isentia. Over the next six months, I will continue to focus on implementing strategic initiatives that will improve the performance of our media intelligence business.”

Isentia chairman Doug Snedden said: “The board recognises the significant contribution John has made to establishing Isentia as the market leader in media intelligence in the Asia-Pacific region.

“John will continue to lead the company with the support and assistance of the board until a successor is appointed. We appreciate John’s ongoing commitment to Isentia as the notice period will ensure a smooth transition to a new CEO.”

Croll’s resignation coincides with Isentia’s half-yearly results, which showed an 11 per cent dive on overall revenue to $70.8 million.

The company’s media intelligence division saw revenue fall 7.1 per cent overall revenue to $67 million, with its Australian and Kiwi arm suffering an 11 per cent decline.

Isentia’s underlying net profit dropped a whopping 79 per cent to 2.6 million in the six months to 31 December 2017 (compared to the previous corresponding period).

Expenses before interest, taxes, depreciation and amortisation was at $11.9 million, with media intelligence EBITDA at $15.7 million (down 30.3 per cent).

Isentia’s exit from the King Content marketing business last year saw an after-tax loss of $11.9 million.

Croll said the first half of FY18 has been a “challenging six months”, noted that the company’s value proposition remains strong.

“The exit from content marketing allows us to focus on improving the profitability of our media intelligence business,” he said.

“The cash flow generation of our subscription model was once again evident this half as operating cash flow increased and net debt was reduced.”

Please login with linkedin to comment

iSentia John Croll

Latest News

How The Consumer Data Right Has Is Changing Australia (For Businesses)
  • Technology

How The Consumer Data Right Has Is Changing Australia (For Businesses)

The Consumer Data Right has been billed as a revolutionary new way for Australian businesses and customers to share data. Over two parts, smrtr’s co-founder and CTO Boris Guennewig looks at how it is changing how consumers and businesses use data. The Consumer Data right – as the name would suggest – is all about […]

Opinion

by B&T Magazine

B&T Magazine
Captify And Xandr Combine For New Product
  • Media

Captify And Xandr Combine For New Product

Captify has today announced the next evolution of its use of Xandr’s platform, Xandr Curate. Programmatic buyers will be able to activate Captify’s live, intent-driven audiences – built by billions of real-time searches from global publisher and e-commerce sites – across curated multi-seller video private marketplaces (PMPs) in one of the largest omnichannel, global exchanges. […]