+ Machines Group Ltd.,
a public company that is one of the
major players in the new gTLD
space as owners and operators of a
variety of new top level domains,
has a new CEO. The company
announced this morning that
Co-Founder Antony Van Couvering
was relieved of the CEO role at
a Board of Directors meeting Friday
(February 19), 2016).
Hall, who has been serving as
the company's Chief Marketing Officer,
has, subject to regulatory approvals, accepted
an offer to take over as Chief Executive.
Hall is to join the Board in that capacity at the first Board meeting
after that approval has been
received. A press release on the
change said, "The Group is currently making the transition from asset gatherer to monetisation of its leading portfolio of top-level domains; the Board believes a change of leadership will assist in this process."
In short, the company will focus
less on adding more new gTLDs to
their portfolio and more on
generating revenue from the ones
they already have. A key way they
intend to do that is to build
partnerships with other
registrars to sell their TLDs,
rather than rely primarily
on their own registrar operation as
Van Couvering preferred to do.
said, "We are operating in a sector of significant growth and opportunity. As a portfolio registry player, we are exceptionally