Widget distribution firm Gigya has named ValueClick (NSDQ: VCLK) COO David Yovanno CEO, Venturebeat reported. Yovanno told Venturebeat that after nine years at ValueClick, it was simply time to move on. ValueClick has been struggling over the past year. Back in February, ValueClick settled a suit brought by the Federal Trade Commission that accused the company of using fraudulent tactics for online lead gen activities. More recently, that company has been hit by the downward trajectory of the display business. Aside from helping preside over that, Yovanno also managed ValueClick’s comparison shopping businesses and oversaw the company’s acquisition of 14 firms. News of Yovanno’s departure comes just ahead of ValueClick’s Q3 earnings report this Wednesday.
Over at Gigya, co-founder and former Gigya CEO Eyal Magen will become chief strategy officer. He will manage Gigya