logo-loader
Lingo Media Corporation

Lingo Media says Gali Bar-Ziv promoted to CEO as Michael Kraft shifts to chairman role

The company says its new chief is experienced in financing, mergers and acquisitions, strategic planning, channel development and corporate development

An illustration symbolizing language
Last month, Lingo reported growing demand for its English-language learning programs in Latin America and Asia

Lingo Media Corp (CVE:LM) said Thursday that Gali Bar-Ziv, an executive with more than 15 years of management and entrepreneurial experience, has been promoted to CEO from chief operating officer.

The Toronto-based developer of English language learning products said in a press release that Bar-Ziv replaces Michael Kraft, who will serve as chairman and remain an active director.

READ: Lingo Media narrows net loss as demand for English language learning programs remains strong

"The board is very appreciative of Michael's contributions in building and enhancing our channel sales strategies,” Bar-Ziv said in a statement.

Bar-Ziv, who was also named as a director, is experienced in financing, mergers and acquisitions, strategic planning, channel development and corporate development, according to Lingo. He previously expanded revenue at a sales, marketing and distribution start-up and is credited with turning around the largest service division of a C$300 million financial services company

The appointments were approved at Tuesday’s shareholder meeting. The shareholders re-elected Jerry Grafstein, Robert Martellacci, Martin Bernholtz, Tommy Weibing Gong and Michael Kraft as directors. The reappointment of RSM Canada as auditor was approved.

Shares of Lingo fetched C$0.08  in Wednesday’s Canadian trading.

Last month, Lingo reported that its quarterly net loss narrowed as the demand for English- language learning programs in Latin America and Asia grew.

 

Contact Dennis Fitzgerald at [email protected]

Quick facts: Lingo Media Corporation

Price: $0.13

Market: TSX-V
Market Cap: $4.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lingo Media Corporation named herein, including the promotion by the Company of Lingo Media Corporation in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Lingo Media and KickWheel merger nears completion

Joe Ross, chief executive of Kickwheel Company discusses the merger between themselves and Lingo Media Corp (TSE:LM). The two education technology specialists are joining forces through a one-for-one all-stock transaction. The merged company will take on a new name, yet to be...

on 10/18/2017

2 min read