The board of XLMedia has confirmed the resignation of Iain Balchin as Chief Financial Officer (CFO) of the London AIM listed igaming publisher. Balchin, who will depart the company on 22 July, is set to be replaced as CFO by Rowan Ellis, who has served as a financial consultant to XLMedia since April 2020. XLMedia informs that Ellis has provided …
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Google deranking and COVID-19 bite XLMedia’s H1 performance
XLMedia has continued to feel the effects of Google’s ‘manual ranking penalty’ on its corporate trading, but remains optimistic on its objective of delivering ‘a material recovery in financial performance in 2021’. Publishing its 2020 interim statement (period ending 30 June), the affiliate marketing publisher detailed that the combined effects of COVID-19 and Google ranking penalties had resulted in monthly …
Read More »XLMedia strengthens leadership with two appointments
Affiliate marketing publisher XLMedia has strengthened its senior leadership team with the appointment of Iain Balchin as its Group Chief Financial Officer. The appointment will be effective immediately, joining XLMedia from payment optimisation specialist Ixaris Group as Group CFO. Prior to Ixaris, Balchin worked at WorldRemit where he supervised the restructuring of the finance division and preparing the company for …
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