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Craig Foster Joins LiveXLive Board of DirectorsBEVERLY HILLS, Calif., July 7, 2017 /PRNewswire/ -- The Board of Directors at LiveXLive (OTC: LIVX), a subsidiary of Loton, Corp, today announced the appointment of Craig Foster as a director and head of the board's Audit Committee. Foster, a Silicon Valley financial veteran, was formerly the Chief Financial Officer of Ubiquiti Networks, Inc. and most recently CFO of Amobee, a global digital advertising platform. "Craig has a track record of making big things happen for rapidly growing companies," said Rob Ellin Executive Chairman and President of LiveXLive. "He has lead merger and acquisitions as well as capital transactions that have been game changing for his companies. Most importantly, he has extensive expertise in taking companies public and has led numerous highly successful IPO's and M&A transactions as both a CFO and banker. I'm confident he will add great value to our Board of Directors and LiveXLive will benefit from his unique experience, skills, and creativity." "The LiveXLive team is creating a new borderless music entertainment vertical," said Craig Foster. "I believe they are building a strong business positioned for rapid growth, a management team that includes both music/tech industry veterans and digital native innovators, and a vision that truly serves music fans and artists something they crave. I'm looking forward to contributing to the company's success." Foster has served as a CFO for Amobee and during his tenure oversaw the turn to profitability and the $310M acquisition of Turn, Inc. Prior to Amobee, Foster was the CFO and a Director at Ubiquiti Networks, the disruptive networking and communications company, here he engineered the highest net income per employee among publicly traded technology companies on NASDAQ and led a stock performance increase of 300% over two years. Foster held investment banking positions at Credit Suisse and UBS, serving as the Co-head of software at the latter. During his employment, he completed over $8Bn worth of transactions across IPOs, M&A, debt and complex financial instruments. Prior to banking, Foster was an early employee of Loudcloud, Inc. and gained foundational operations experience across management positions in product management, business development and finance. He also held various senior positions at RBC Capital Markets, Open Market, Deloitte Consulting, and PriceWaterhouseCoopers. Foster holds an M.B.A. in Finance from the Wharton School of Business and a B.A. in Economics from the University of California, San Diego. Foster is the third member of LiveXLive's Board of Directors and will serve with Chairman Rob Ellin and Director Jay Krigsman. LiveXLive most recently added music industry vet Jerry Gold as CFO and SVP of Operations as well as social media stars Amanda Cerny and King Bach as content creators. About Loton, Corp and LiveXLive, Corp Forward Looking Statement
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/craig-foster-joins-livexlive-board-of-directors-300484680.html SOURCE LiveXLive |