Marin Software (MRIN) Names Founder Christopher Lien as CEO

August 24, 2016 4:18 PM EDT

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Marin Software Incorporated (NYSE: MRIN) announced that the Board of Directors decided to reappoint Christopher A. Lien to the role of chief executive officer, and as a result David A. Yovanno has stepped down as chief executive officer and from his position as a member of the board. Mr. Lien, founded the company in 2006, and currently serves as its chairman of the board.

"On behalf of the board, our team members, and myself, I would like to thank Dave for his leadership during his time at Marin," said Mr. Lien. "He has been instrumental in executing our strategy to expand our industry-leading, SaaS-based search ad management platform to include social and display solutions. He also launched the strategic initiative to transform Marin's technology infrastructure and to unify these three applications onto a single, state-of-the-art big data platform. The financial discipline and organizational changes he implemented have enabled Marin to operate more efficiently, with improved margins, and reduced operating cash requirements.

"The board and I see an attractive opportunity to build on these accomplishments, and I am excited to rejoin the operating team. With renewed entrepreneurial focus on growth and execution, commitment to improving our customers' advertising effectiveness and an uncompromising focus on innovation, I am confident that Marin will successfully complete our transformation. With these initiatives we can bolster our market-leading position to drive value for our stockholders."

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