In the US, Comscore's recently appointed Chief Operating Officer Kathryn Bachmann has resigned a month after taking up the position.
The company recently commenced a strategic review which aims for an initial $20m in cost savings, following a 3.4% fall in first quarter revenue to $102.3m; and an adjusted EBITDA loss of $2.5m, compared with a gain of $3.6m in the prior year period. Overall for the group, first quarter net loss was $27.5m, compared with a net loss of $51.5m in Q1 2018; an improvement partly driven by a reduction of costs relating to the investigation and audit of accounting irregularities at the firm in 2016.
A month before the company released its financials, CEO Bryan Wiener and President Sarah Hofstetter resigned due to 'irreconcilable differences over how to execute the company's strategy'. SVP of Asia Pacific Joe Nguyen also left, after nearly a decade at the company, as news broke of an imminent 10% cut in workforce and a possible sale of the business.
Bachmann (pictured) was promoted to COO at the end of April, after only two months in the role of Chief Commercial Operations Officer. She was previously EVP Product Management and then COO of ad tech data solutions company Throtle; and before this served as Managing Partner of management consulting firm Growth Calculus, and EVP, GM / Managing Director, Americas of data and marketing firm Neustar, Inc. for three and a half years.
According to Frances Quattrocki, Comscore's Director of Corporate Events: 'These are normal ebbs and flows of business, as we continue to provide our customers with excellent products and services'.
Web site: www.comscore.com .
All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.