Bidstack Group PLC (AIM:BIDS, OTC:FTBGF), the in-game brand activation platform, has announced that Francesco Petruzzelli is to resign as its managing director and from the board, though he will remain as a strategic adviser to the executive team.
In a statement, the company said it would like to place on record the enormous contribution that Petruzzelli had played in building out Bidstack, the in-game advertising sector as a whole, and for his work across the technical and commercial areas of the business to date.
James Draper, Bidstack chief executive, added: "Francesco and I have been on this journey for many years, building Bidstack initially from a concept that turned into one of the first Digital Out of Home (DOOH) programmatic platforms, to our pivot in 2017 when the company began the rebirth of in-game advertising.
“Francesco has been a great friend through this journey from start-up to scale-up, from Crowdcube to RTO and beyond. The business has never been in a better shape and we can both look back at what we've built here with enormous pride.”
Bidstack also announced the appointment of Doug Lowther as a non-executive director and Camila Franklin - currently chief operating officer - as an executive director.
"Following the strategic investment from Irdeto, I am pleased to welcome Doug to the Board. Irdeto has deep relationships with global publishers and is a market leader in digital platform cybersecurity,” added Draper.