Vungle has been one of the fast-growing companies in mobile advertising. And today, the San Francisco company announced that it has had a change in leadership as its founder Zain Jaffer has taken a leave of absence for personal reasons.
Vungle said recently that it had reached a $300 million run rate for annualized revenues from its performance-based in-app video ad platform. The company also said it is profitable, which isn’t easy in the highly competitive mobile ads business.
The board of directors has placed Jaffer, on an indefinite leave of absence and has appointed Vungle chief operating officer Rick Tallman to the role of CEO.
Jaffer was a colorful personality, and he spoke at our recent GamesBeat Summit 2017 event about the future of mobile advertising. Jaffer made a big bet on video advertising as the big driver in mobile apps and games.
The Board voted to replace Jaffer as CEO immediately after being informed of personal issues unrelated to his employment. Tallman has been with Vungle since May 2015. He previously held executive roles at British Telecom, International Network Services, and Nortel.
Vungle’s board said it has full confidence in Tallman, emphasizing that they look forward to having him lead Vungle into the future. Vungle didn’t say anything else about why Jaffer was replaced. Vungle has 190 employees.