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Mood Media Announces Retirement of President and CEO Steven K. Richards

December 17, 2018

AUSTIN, Texas--(BUSINESS WIRE)--Dec 17, 2018--Mood Media, the world’s leading in-store media solutions company dedicated to elevating the Customer Experience, today announced that its President and CEO Steven K. Richards has informed the Board of Directors he intends to retire effective January 15, 2019, after more than five years leading the company.

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Steven K. Richards, President and CEO, Mood Media (Photo: Business Wire)

Mr. Richards, 56, will remain with Mood Media as a Director Emeritus and Strategic Advisor to the Company and will be pursuing external opportunities to serve as a board member or operating partner with enterprises that can benefit from his transformational skills and experience. The Company’s board has initiated an internal review and external search for a replacement and expects to announce a successor shortly.

“Steve has led Mood through significant gains over the past five years and built a more effective global business that is far better positioned for growth and value creation,” said David Sambur, Senior Partner at Apollo Global Management and a member of Mood Media’s Board. “We appreciate Steve’s leadership and look forward to his continued involvement with the company.”

“It has been my sincere honor to lead and serve Mood Media,” Mr. Richards said. “I am proud of the many accomplishments our team achieved during my tenure, especially in terms of becoming more acquisition focused, finding innovative solutions in Audio, Visual & Advertising products and services, and broadening Mood’s strategic direction to more effectively support client needs and enhance Customer Experiences,” Mr. Richards added. “I am confident that with ongoing stakeholder commitment and continued management execution, the Company will continue along its positive forward path.”

About Mood Media

Mood Media is the world’s leading in-store media solutions company dedicated to elevating the Customer Experience. Mood creates greater emotional connections between brands and consumers through the right combination of Sight, Sound, Scent, Social and Systems solutions. They reach more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe. Mood’s clients include businesses of all sizes and market sectors, from the world’s most recognized retailers and hotels to quick-service restaurants, local banks and thousands of small businesses. For more details:  www.moodmedia.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005558/en/

CONTACT: Media Relations:

Scott Moore

scott.moore@moodmedia.com

512.583.8686Investor Relations:

Randal Rudniski

randal.rudniski@moodmedia.com

512.592.2438

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO COMMUNICATIONS ADVERTISING MARKETING

SOURCE: Mood Media

Copyright Business Wire 2018.

PUB: 12/17/2018 11:30 AM/DISC: 12/17/2018 11:30 AM

http://www.businesswire.com/news/home/20181217005558/en

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