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.
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