Zedge, Inc. says CEO Tom Arnoy resigns, Michael Jonas named interim CEO
Zedge, Inc. announced that Tom Arnoy, Zedge's co-founder and CEO has resigned, effective August 31, 2019. Michael Jonas, Chairman of the Board, has been named interim CEO as the company commences the process of identifying a replacement. "Since founding Zedge over 15 years ago, I have had the privilege of working with an exceptionally dedicated and talented team that is responsible for establishing our leading market position," said Tom Arnoy, co-founder of Zedge. "After much reflection, I have determined that the time is right for me to resign to let new leadership drive the company's future growth. Zedge has a restructured organization and an extremely talented team that has begun to expand beyond mobile phone personalization. I am proud of all we have accomplished together and want to thank my co-workers and the tens of millions of Zedge users for entrusting the company with their confidence. I would also like to thank Howard Jonas for seeing the potential in Zedge more than a decade ago and for backing the company ever since. I look forward to following Zedge's future success."