In its second-largest acquisition, Amazon buys the company for $970 million.
The web marketing company says CEO Tom Vadnais is stepping down and will be replaced by executive chairman James Zarley, who was the company’s CEO from 1999 to 2007.
Web marketing company ValueClick Inc. says CEO Tom Vadnais is stepping down and will be replaced by executive chairman James Zarley. The change is effective immediately.
Zarley, an angel investor in ValueClick, had served as ValueClick’s chairman and CEO from 1999 to 2007. He then assumed the full-time position as executive chairman to focus on the company’s European operations and corporate development program.
The company says Vadnais, who is retiring, will act as a consultant to Zarley for the remainder of 2010.
"Tom has been a valued partner over the last nine years and all of us at ValueClick wish him and his family the best in his retirement,” says Zarley. “I am excited to return to the role of ValueClick`s CEO and look forward to working hard with the team to drive the business."
Martin Hart, a member of the ValueClick board of directors since 1999, will succeed Zarley as executive chairman.
ValueClick provides online marketing services in affiliate and search marketing, display advertising, lead generation, ad serving and related technologies, and comparison shopping. ValueClick’s brands include Commission Junction, ValueClick Media, Mediaplex, Smarter.com, CouponMountain.com, and PriceRunner.