Noel Penzer, the chief executive of Time Out Digital, has left the role, Newsline can reveal.
Penzer, who originally joined the company in April 2015 as managing director for Time Out Europe, was promoted to CEO of the group’s digital operations later that year. He was previously managing director of AOL in Europe.
“Noel Penzer left Time Out at the end of the year to pursue new opportunities,” Time Out told Newsline. “We wish Noel well for the future and want to thank him for his contribution to the continued growth of Time Out Digital.”
Penzer became CEO at the same time Julio Bruno was made executive chairman of Time Out Group. As it announced the double appointments, the business was seeking to capitalise on its momentum as the company had grown and expanded to 107 cities across 38 countries with an audience of nearly 40 million per month.
Founded in 1968, Time Out now offers free magazines, websites, mobile apps and live events. In the first six months of 2016, the group’s digital revenue increased by 33%.
Bruno will be overseeing the digital side of the business until a permanent replacement is found.