Criteo seeks new chief executive after Megan Clarken announces pending exit

Criteo has announced the launch of a “succession plan” for a new chief executive after existing CEO Megan Clarken informed the ad tech outfit’s board of directors that she plans to retire within the next 12 months.

This development comes at a critical time for the company as it seeks to complete its transition from its earliest days as an ad retargeting outfit to a “commerce media” player, a move necessitated by growing privacy requirements.

Clarken will continue to serve as CEO until her successor is named — these developments are expected to take place within the next 12 months. Clarken is also set to remain with Criteo in a senior advisor role, providing services until any necessary transition is complete.

Continue reading this article on digiday.com. Sign up for Digiday newsletters to get the latest on media, marketing and the future of TV.