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Weve Appoints Richard Shamsi as New CFO

21/10/2014
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Shamsi joins from the Daily Mail group

Weve, today appointed Richard Shamsi as its new Chief Financial Officer. Shamsi brings a wealth of experience to the company, having previously worked with many multimedia businesses, including The Daily Mail Group.

During his 11 year association with the Daily Mail Group, Shamsi initially ran a multi-million pound acquisition programme, acquiring many high profile digital brands such as Jobsite.com and Primelocation.com. This activity was a game changer for The Daily Mail Group, enhancing the organisation’s digital division and significantly increasing its digital profitability. 

Following this success, Shamsi was then promoted to CFO/COO of PrimeLocation.com and Findaproperty.com (two of the brands acquired by The Daily Mail Group), where he was responsible for all finance and operations functions, managing around 100 staff. In this role, he developed a deep understanding of digital media businesses and established strategic partnerships with Google and other key providers of consumer and business services, ultimately helping to enhance customer relationships and the overall experience of the sites.  He has also co-founded and launched new ventures, giving him invaluable experience in the dynamics around growing a start-up.

Tim Hipperson, CEO of Weve, said “Throughout his career Richard has been involved in new digital businesses and has always approached them with vigour and an entrepreneurial spirit. We’re delighted to welcome him into the business. Richard’s drive and determination will help cement our position as the UK leader in mobile media, and his experience both in the digital and media space means that Weve can build on its current success and look towards new and future revenue streams.”

Richard Shamsi said: “The intersection between media, mobile and data is one of the most exciting sectors of the media industry and for that reason I am delighted to be joining Weve.  I know my experience at The Daily Mail Group and the way we grew and evolved our digital business will be hugely relevant and valuable to my new role in the company.”

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