Crowd Media (ASX:CM8) - Incoming CEO, Idan Schmorak
Incoming CEO, Idan Schmorak
Source: Crowd Media
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  • Crowd Media Holdings (CM8) appoints Idan Schmorak to lead the company, effective from September 20
  • He has been appointed as Chief Executive Officer after experience with an Israeli-based tech start-up and serving as a captain in the Israeli Air Force
  • The role has a fixed yearly salary of US$180,000 (around A$235,000), and short and long term incentives in the form of annual cash bonuses and performance rights
  • Crowd Media Holdings last traded at 2.7 cents     

Crowd Media Holdings (CM8) has appointed a new Chief Executive Officer to lead the company, effective from September 20.

Idan Schmorak has been appointed to the role, which comes with a fixed salary of US$180,000 (around A$235,000) per annum, with short and long term incentives in the form of annual cash bonuses and performance rights.

Mr Schmorak comes from VFR Holdings where he served as the Director of Business Development, an Israeli-based start-up and investment firm. Prior to this, he served in the Israeli Air Force for almost eight years, rising to the rank of Captain.

“I look forward to driving new applications of Crowd’s AI to solve real‐world communication problems and opening up new commercial opportunities for this disruptive technology,” Mr Schmorak said.

Crowd Media’s Chairman Steven Schapera said the board was delighted to have the new CEO lead the company to its next phase of growth as it headed towards commercialisation of the Talking Head platform in 2022.   

“His substantial experience in avatar and AI technology, and business development, is just what Crowd needs in a CEO to drive the Talking Head platform and its conversational commerce capabilities,” Mr Schapera said.

Crowd Media Holdings last traded at 2.7 cents.     

CM8 by the numbers
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