Yehuda Dahan has stepped down as Chief Financial Officer of digital marketing services provider XLMedia with immediate effect.
XLMedia did not disclose the reasons behind the departure, but did confirm that it will immediately commence a search for a permanent replacement.
Dahan joined XLMedia as CFO in June 2013 having previously served in the same role at private equity business Silverboim Holding for seven years. He also spent 13 months as financial controller at real estate specialist Milomer Group.
Liat Hellman, who is currently CFO for XLMedia’s Webpals subsidiary, will take on Dahan’s role on an interim basis while a replacement is sought. Hellman, who has been with XLMedia since 2012, will not join the provider’s board at this time.
“We’d like to extend our thanks to Yehuda for his long-standing contribution to the Group; we wish him every success for his future endeavours,” XLMedia’s Non-Executive Chairman, Chris Bell, said.
Dahan’s exit comes ahead of Stuart Simms taking on the role of chief executive at XLMedia. Simms, currently of Rakuten Marketing, is due to join the provider on October 2, replacing its co-founder and long-serving CEO Ory Weihs.
Weihs is due to remain on the XLMedia board as a non-executive director after Simms takes over as CEO next month.
