Linius Appoints New Chief Executive Officer

By Finance News On Jan 13, 2025

Linius Technologies Limited (ASX: LNU) (Linius or Company) – the only cloud-based solution that unlocks the value of video archives with immersive, deeply personalized viewer experiences via its Linius Media Solutions portfolio – is pleased to announce the appointment of Ben Taverner as its new CEO, to commence on 1 February 2025.

Highlights:

Linius appoints Ben Taverner as its Chief Executive Officer (CEO)
Highly accomplished track record within leading international sports organisations and technology providers such as IMG, Juventus Football Club and KORE (now part of Two Circles)
Exceptional global network of decision makers in the sports and entertainment industries

Mr Taverner is a commercially focused C-suite leader with more than 20 years of experience managing and maximising revenue generation and growth for sports technology providers, sports rights holders and agencies. He previously held management roles on large scale sports marketing projects across Europe including UEFA Euro 2008, the new Juventus Football Club stadium, and Wembley national stadium. Mr Taverner comes with a highly proficient technology focus along with extensive data analytics experience, having recently held commercial leadership positions in UK and USA based ‘Startup/Scaleup’ sports technology companies with global ambitions such as KORE (part of Two Circles), Sportsdigita and Sportlight.

Linius Chairman, Gerard Bongiorno said, “Linius is delighted to announce the appointment of Ben Taverner as the company’s new CEO. Ben has extensive experience in the sports and entertainment industry with an exceptional global network of C-suite and senior executives in the sports and entertainment industries. He has the skills and experience to lead the company as we aim to dramatically build market share with our products in market and drive revenue growth.”

Current CEO James Brennan will step down from the Board effective immediately and will remain within the business to work with Ben during a transition period. Joe Rinarelli, currently CFO and Company Secretary has been appointed to the Board until the Company appoints a new Australian- based non-executive director, which is expected later this year.

Mr Bongiorno continued, “We thank James for his service in building a scalable product suite and a strong platform for revenue growth with significant global business partners such as IMG, Fujitsu, Magnifi and Cricket Australia, and welcome his involvement as Ben transitions to lead the global growth of the business.”

Mr Taverner has also agreed to subscribe for $50,000 worth of Linius convertible notes under tranche 4 of the note facility announced to ASX on 10 September 2024. The notes have a face value of $1.00 each, with a coupon of 20% per annum and a maturity date of 24 months from their date of issue. A detailed summary of the terms of the notes is set out in that announcement. The issue of the tranche 4 notes was approved by shareholders on 26 November 2024.

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