By Alex Konrad

The five-year-old marketing tech company has named Bill Magnuson as CEO effective on January 1, 2017, with founding CEO Mark Ghermezian moving into a new role as executive chairman. As part of the reshuffling at the Series C startup, third cofounder Jon Hyman will assume the role of CTO from Magnuson after serving as Appboy’s CIO.

“When you look at where we are today, we just felt we are in a position of strength right now and to be responsible with where we are growing, this was the right move for the company moving forward,” Ghermezian says.

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Source: Forbes