VC-backed RadiumOne board fires CEO in wake of guilty plea to battery charges

RadiumOne‘s board of directors has fired Gurbaksh Chahal as CEO and chairman. The firm’s COO Bill Lonergan has been named as Chahal’s replacement. Although no reason for Chahal’s termination was given in the company’s statement on this development, according to various news reports, RadiumOne faced pressure to make this decision in light of Chahal’s recent guilty plea to battery and domestic violence charges against his girlfriend. Based in San Francisco, RadiumOne is a provider of media buying solutions. It is backed by Crosslink Capital, DFJ Espirit, Adams Street Partners and Trinity Ventures.

PRESS RELEASE

SAN FRANCISCO, CA – April 27th, 2014 – At a board meeting yesterday evening, RadiumOne’s board of directors voted to terminate the employment of Gurbaksh Chahal as CEO and Chairman of the company. Bill Lonergan, the company’s COO, will take over as CEO of the Company immediately. Bill has an extraordinary professional background and has helped build BlueLithium and RadiumOne into industry leading brands. We are confident he will continue Radium One’s impressive trajectory.
RadiumOne builds software that automates media buying, making big data actionable for digital marketers.
RadiumOne uses programmatic advertising to connect brands to their next customers by incorporating valuable first-party data about behaviors, actions and interests demonstrated by consumers across web and mobile touch points.
Based in San Francisco, RadiumOne has offices across the U.S., Canada, Europe and Australia.
To learn more about RadiumOne, please visit http://www.radiumone.com.

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