MediaValet Inc. announced that its Board of Directors ("Board") has appointed Rob Chase (formerly Executive Chair of the Board) as President and Chief Executive Officer (CEO), effective immediately. Mr. Chase succeeds David MacLaren, Founder and former President, CEO and Director. Concurrently, Andrew Shen has been appointed Chair of the Board (replacing Mr. Chase who remains a Director), and has joined as a Director, replacing Francis Shen who will continue as a Board Observer. The transition is being done in recognition of the leadership needs for MediaValet's next phase of growth and development. Mr. Chase has worked closely alongside Mr. MacLaren over the past eight years, establishing MediaValet as a leader in Digital Asset Management. In addition, Mr. Chase has successful experience in building SaaS companies from MediaValet's current stage of evolution. His previous role within the Company
includes being the Chair of the Board, Executive Chair of the Board as well as interim CFO. Due to his extensive roles in the Company, Mr. Chase has been selected for the CEO role as the ideal candidate possessing an in-
depth knowledge of the Company and its culture, the market opportunity, the customer needs and the strategic direction for the future growth of MediaValet.