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October 15, 2018

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Billionaire Founder of Media.net, Div Turakhia, Names Vaibhav Arya to Succeed Him as CEO 

Div Turakhia  gained famed in the domain industry over a decade ago after he had major successes with previous companies, Directi and Skenzo, (we profiled Div in a 2008 DNJournal Cover Story). As successful as he was with domains, Div was just getting warmed up. He went on to found Media.net, grew it into an ad tech giant, and finally sold the company to Shuzhi Technology in 2016 in a deal valued at $900 million. After that sale Div stayed on as CEO of Media.net but after so many years immersed in business (he was a millionaire by the time he was 18) he has finally decided to take a year or two off to stop and smell the roses. 

That decision was officially announced today when Div revealed he was turning the CEO role over to longtime friend and colleague Vaibhav Arya who has been serving as Media.net's Chief Technical Officer. Turakhia, who will stay fully hands on through the end of the year, will continue to help Shuzhi as a special advisor. He leaves the company in good hands and great shape. Media.net, who has over 1,300 employees worldwide, just completed the  highest revenue quarter in company history and is projecting this financial year to be its highest revenue year to date.

“This transition has been in the works for years,” Turakhia said. “Arya has been the CTO from day zero and we have succeeded based on the strength of our technology. Arya’s leadership, dedication and tech abilities are world-class. We are having another record-setting year because of his outstanding work.”

Arya said, “I’m incredibly humbled and privileged to be appointed the next CEO of Media.net, and I want to thank the Board and Div for their overwhelming support, and the confidence that they have placed in me. I am fortunate that the entire team here will be continuing with me. I have worked with each of them since the company’s founding in my capacity as CTO, and across the long transition to take over as CEO. My team and I look forward to continuing to invest in innovation and build Media.net for the long-term.“

Div Turakhia

 

Vaibhav Arya
CEO, Media.net

(Posted October 15, 2018)  

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