The CEO and co-founder of Decibel Music Systems, Gregory Kris, has left the London-based music-focused metadata company as it receives a new round of funding, leaving the firm’s board of directors with immediate effect, it was announced yesterday. He will be replaced by fellow co-founder and Decibel president Evan Stein, but will remain a shareholder and advisor to the company.
A spokesperson said that Decibel “does not expect the departure of Mr Gregory Kris to have any material impact on its ongoing operations [and] funding received will enable the company to continue its product development and expansion as planned”.
Kris told CMU: “After successfully overseeing the acquisition of a third round of funding for Decibel, and the development of a revenue-positive business from scratch, my job here is done. Starting three years, ago, we took a robust core technology, and created a suite of market-leading products and services for the management of metadata for digital media”.
Stein commented: “We will certainly miss Greg. He’s been a valuable friend and partner and his presence, reputation and drive have been a huge factor in our success to date. We look forward to continuing to work with him in the future, and want to thank him for his leadership, vision and selfless commitment to the company for the past few years”.