SYDNEY, AUSTRALIA: Jaxsta Limited (ASX: JXT), the world’s largest database of official music credits, has announced that Josh Simons, the co-founder of Vampr, has been appointed as its new CEO, effective immediately.
Simons replaces Beth Appleton, who has stepped down from the role after leading the company through a period of growth and change. Appleton will work with the Board and Simons to ensure a smooth transition.
Jaxsta Chair, Linda Jenkinson, thanked Appleton for her significant contribution to Jaxsta and congratulated Simons on his appointment.
“Josh is a visionary, product expert and highly energetic leader who shares our vision and mission for Jaxsta. Josh has worked closely with Beth and her team over the past few months and was instrumental in attracting new cornerstone investment into the company,” Jenkinson said.
Simons joined Jaxsta following the completion of the acquisition of Vampr, the world’s largest social-professional network for musicians, on June 1, 2023. He was appointed Chief Strategy Officer, but will now assume these responsibilities in addition to his appointment as CEO.
Simons said he was excited to take on the new role and build on the current momentum of Jaxsta.
“Jaxsta has a clear vision and product roadmap going into FY24, and that’s a credit to the Board, Beth and the team who have done a remarkable job. Revenue, cost efficiency and profitability remain the top priorities for Jaxsta and I look forward to building on the current momentum,” Simons said.
“We have the foundation for a transformational global music product as we continue to integrate Vampr into the business and scale the Vinyl.com platform.”
Simons also received endorsement from Rich Lister, WiseTech Founder and CEO, Richard White, who last week became a substantial shareholder in Jaxsta as part of its AUD$3M capital raise.
White said he had been impressed by Simons’ tenacity, focus, vision and ability to build a commercial model that grows and retains revenue and customers.
“Now that Vampr is a part of Jaxsta, Josh will, no doubt, contribute his drive, skills and experience to the larger business. I see his contribution will be able to create a clear path to revenue and profitability for Jaxsta,” White said.
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