Shazam has hired longtime Yahoo! executive Rich Riley as its new CEO, promoting longtime chief Andrew Fisher to the newly-created position of Executive Chairman, according to a press release. The company's former Chairman of the Board, John Pearson, will remain on the board in a non-director capacity.
The move, according to Fisher, will allow the company more freedom to continue growing and focus on an creating an eventual IPO, which he will be working on going forward. The London-based company also recently hired Daniel Danker from the BBC as its new chief product officer.
"I couldn't be more pleased to welcome Rich Riley as Shazam's new Chief Executive Officer," said Fisher in a statement. "Rich brings a tremendous amount of experience both as an Internet executive where he has rapidly scaled global businesses, to establishing strategic relationships with advertisers and partners, as well as his entrepreneurial approach and skills. Whilst Rich will run our business I will now spend more time focusing on our corporate development and future strategy including our ambitions to deliver a successful IPO for our shareholders as we look to become an increasingly important part of people's everyday lives, helping them engage with content and brands in the most efficient way possible."