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