Co-founder Chris Lien has served as CEO since Marin was founded in 2006. He’s moving to the role of executive chairman, but the company said in its news release that he “will continue to be actively involved day-to-day.”
The company started out as a management system for search advertising, and it has since expanded to include display, social, and mobile adds as well. Marin went public about a year ago (it’s currently trading significantly below its $14 IPO price).
“Marin’s record results for the first quarter demonstrate our tremendous market opportunity and momentum,” Lien said in the release. “Now is the right time to bring in Dave, who has more than 20 years of operating experience and strong digital marketing expertise.”
The announcement came at the same time as Marin’s earnings, in which the company reported revenue of $22.8 million and non-GAAP loss of per share of 21 cents.