Pierre Chappaz will step down as executive chairman of video ads platform Teads amid a reorganisation of its management structure.
Chappaz (pictured) founded the company with CEO Bertrand Quesada and will stay on as chairman of the board of directors.
Jeremy Arditi (pictured below), chief commercial officer, will take on the role of co-CEO alongside Quesada after 11 years at the company.
Chappaz said of his decision: “It’s time for me to take a step back after dedicating the past 16 years to building a global alternative to Google and Facebook for advertisers.
“We have succeeded in bringing together the vast majority of major European, Asian, North and South American publishers to offer advertisers access to nearly 2 billion internet users via our platform.
“Teads still has very significant room for growth, and I trust our teams will continue to develop our technologies and our trusted relationships with advertisers, agencies and major publishers.”
Teads is owned by Altice and is a global cloud-based end-to-end tech platform enabling programmatic digital advertising and media.
