AcuityAds Holdings Inc. (NASDAQ: (ATY) stock declined by 1.66% at the last close while the ATY stock price plunged by 5.35% in the pre-market trading session. AcuityAds is a prominent technology business that offers advertisers a one-stop shop for omnichannel digital advertising with the best return on investment in the industry. illumin, the company’s journey automation solution, combines planning, purchasing, and real-time intelligence into a single platform. Illumin provides different programmatic capabilities by utilizing patented Artificial Intelligence to bridge the gap among implementation and scheduling.
For the most demanding advertisers, the Company delivers a comprehensive network of privacy-protected data, inventory, brand safety, and fraud protection partners, giving trusted solutions with verified, above-benchmark results.
ATY stock’ Update
Elliot Muchnik, CPA, CA, has been named Chief Financial Officer of AcuityAds Holdings. Mr. Muchnik enters AcuityAds after serving as Chief Financial Officer and Corporate Secretary at Richardson Wealth Limited, which is one of Canada’s biggest, licensed independent wealth management businesses with over $35 billion in assets under administration, since 2007.
Mr. Muchnik assisted Richardson Wealth in achieving phenomenal revenue growth throughout his time there. He previously worked at BMO Nesbitt Burns as a Senior Vice President and Managing Director. Mr. Muchnik graduated from York University with a bachelor’s degree in business administration.
Mr. Muchnik will take over as Interim Chief Financial Officer from Tatiana Kresling, who has been with the company since September 2021.
Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds commented that,
On behalf of the entire AcuityAds team, I welcome Elliot as our CFO and look forward to his contributions. His extensive financial, operational, and M&A experience make him the ideal choice to help drive AcuityAds’ continued growth and profitability as we continue to advance our illumin platform, which is revolutionizing the programmatic advertising industry. I would also like to recognize and thank Tatiana for her outstanding work as Interim CFO.
