LUMA Leadership Reshuffles In Ad Tech Cold Streak; Turning A … – AdExchanger

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here.

The LUMA Escape

LUMA Partners – the investment bank of ad tech, essentially – is having a major fracture.

Brian Andersen, a co-founder and partner, along with partners Mark Greenbaum and Dick Filippini, are all exiting over a disagreement with co-founder and CEO Terry Kawaja, Insider reports. LUMA will buy them out of their existing shares.

The company is at an inflection – or at least a reflection – point. Insider notes that LUMA closed 17 transactions in 2021, but haven’t announced one deal this year.

LUMA’s three breakaway partners also wanted a larger share of equity and commissions on sales.

Kawaja is a vaudeville performer as CEO, known for satirical comedy videos and edgy takes.

“What I want to stress is this is not an ugly divorce or anything like that. We have spent 13 years growing a great franchise that was hugely successful for all of us,” Andersen tells Insider.

You Can Never Go Homepage…

Read Full Story: https://news.google.com/rss/articles/CBMiPWh0dHBzOi8vd3d3LmFkZXhjaGFuZ2VyLmNvbS9hZC1leGNoYW5nZS1uZXdzL21vbmRheS0wNTA4MjAyMy_SAQA?oc=5

The post LUMA Leadership Reshuffles In Ad Tech Cold Streak; Turning A … – AdExchanger first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2023/05/07/luma-leadership-reshuffles-in-ad-tech-cold-streak-turning-a-adexchanger_2023050744557.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.