Former California State Controller Westly Joins RadiumOne Board; IPO in the Offing?

Written on
Nov 22, 2013 
Mike Daly  |

ADOTAS — Politics and technology do mix, as newly appointed RadiumOne board member Steve Westly (pictured) can attest. The former California State Controller, who  ran for  governor of the Golden State back in 2006, has also held executive positions at eBay and served as a board member of Tesla Motors helping to develop long-term strategies for the company.

“He’s a proven entrepreneur and a power player in the valley. He brings a level of expertise that all companies look for as they reach their next evolutionary growth cycle. He will be a great asset as we embark on that phase,” said Gurbaksh Chahal, CEO and Chairman of RadiumOne.

“Westly’s past successes as a board member at Tesla and his breadth of experience as an entrepreneur, and technology evangelist provides us with an additional level of top-tier leadership, as our company enters its next phase of growth,” Chahal continued. “As Chairman and CEO, my goal is to surround myself around great board members that can help drive strategic value to the Company. RadiumOne continues to thrive and has had a phenomenal 2013. We will be adding various others of Steve’s caliber in the next coming months.”

Westly is also the managing partner and founder of The Westly Group, a venture capital firm focused on clean technologies. Having received his MBA from Stanford University, Westly will provide strategic guidance on corporate and business development initiatives for RadiumOne.

“RadiumOne is disrupting advertising by bringing intelligent software to an industry that is largely being disrupted by automation,” said Westly. “Gurbaksh has an impressive track record of predicting and executing key trends by being first-to-market with innovative solutions that address the challenges facing today’s marketing and advertising decision makers. I’m excited to work alongside Gurbaksh and other board members to propel the company forward.”

While there is nothing to report yet on RadiumOne’s rumored IPO, this news comes amidst a swirl of recent announcements from other players in the ad tech space, Criteo and Rocket Fuel.

Mike Daly is an award-winning writer and editor with 30 years of experience in publishing. He began his career in 1983 at The News of Paterson, N.J., a long-since defunct daily paper, where at age 22 he was promoted to the position of Editorial Page Editor. Since then he has served in managerial capacities with several news organizations, including Arts Weekly Inc. and North Jersey Media Group in New Jersey and Examiner Media in New York. His work has been honored on numerous occasions by the New Jersey Press Association and the Society for Professional Journalists.

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