SEATTLE--(BUSINESS WIRE)--Feb. 25, 2015--
Marchex, Inc. (NASDAQ:MCHX) (“Marchex”), a mobile advertising technology
company, today announced new Board member additions and executive role
“In consultation with my executive team and Board of Directors, I have
indicated the desire to evolve my role into being an Executive member of
our Board of Directors in a manner that frees me up to focus on
long-term strategy and related opportunities,” said Russell Horowitz.
“It has been my privilege to have led the founding of Marchex and to
serve as its CEO and Chairman for more than a decade, growing the
company from an initial idea to where we are today. I see a
transformative and significant growth opportunity as we move forward,
and I will continue to support the executive team and the company's
overall ongoing needs. This action is also intended to foster growth in
the company’s executive leadership, and we will continue actively
looking for new senior team members to join and deepen our team.”
In connection with this, Marchex is announcing the following changes
Clark Kokich has joined the Marchex Board of Directors and will serve as
Executive Chairman. Kokich previously served as Marchex's Chief Strategy
Officer. He has more than 15 years of experience in the digital
advertising space, and is a well-known advertising technology expert and
digital marketing thought leader. Previously, Kokich was Chairman of
Razorfish, one of the largest digital marketing agencies in the world,
where he also held the roles of CEO and President during his tenure.
“I am excited to expand my role to help lead the company as we focus on
what we believe is a transformative opportunity. Marchex is uniquely
positioned to play a leading role in helping advertisers and agencies
successfully navigate the transition to mobile advertising. I look
forward to supporting Pete with his expanded responsibilities and to
continue working with Russ in his evolved role,” Kokich said.
Pete Christothoulou has been elevated to CEO from his position as
President. Christothoulou is a company co-founder and has served as
President since December 2011. He has led the company’s call advertising
business since its beginning in 2009, at which time he was named Chief
Operating Officer. Before that, he was Marchex’s Chief Strategy Officer.
“Marchex has the ability to truly revolutionize mobile advertising and
business performance through our unique analytics technology. My focus
will be to accelerate products that bring full, real-time visibility to
mobile and transform customer growth and continue building a world-class
team that can drive innovation for our customers. I couldn’t be more
honored to serve as CEO as we move forward,” Christothoulou said.
Additionally, Ian Morris has joined the Marchex Board of Directors.
Morris served as the President and Chief Executive Officer of Market
Leader, Inc. for more than a decade before selling the company to
Trulia, Inc. in 2013. After taking the company public in 2004, he
established Market Leader as the leading provider of
software-as-a-service solutions to the real estate industry and one of
the foremost providers of leads and lead management services to the
company’s more than 150,000 enterprise and SMB customers. Previously,
Morris spent seven years at Microsoft, where he led a number of the
company’s early online marketing efforts and later served as the General
Manager of Microsoft HomeAdvisor. Morris holds an MBA from Harvard
is a mobile advertising technology company. The company provides a suite
of products and services for businesses that depend on consumer phone
calls to drive sales. Marchex’s mobile advertising platform delivers new
customer phone calls to businesses, while its technology analyzes the
data in these calls to help maximize ad campaign results. Marchex
disrupts traditional advertising models by giving businesses full
transparency into their ad campaign performance and charging them based
on new customer acquisition.
Please visit www.marchex.com,
blog.marchex.com or @marchex
on Twitter (Twitter.com/Marchex), where Marchex discloses material
information from time to time about the company, its financial
information, and its business.
Source: Marchex, Inc.
Marchex Investor Relations
Trevor Caldwell, 206-331-3600