Michael von Stern is to leave the zanox executive board by the end of this week, the company has announced.
Von Stern joined the board at performance advertising network zanox as both chief financial and chief operating officer in January 2014. His appointment came amid the merger of zanox and Affiliate Window’s parent company, Digital Window.
He will now return to European publishing house and zanox’s majority stakeholder, Axel Springer, to take on a new role, as initially planned.
Andreas Wiele, chairman of the zanox supervisory board and president of marketing and classified ad models at Axel Springer SE, praised von Stern for his input.
“I would like to thank Michael von Stern for his excellent work and contribution to zanox. He took on this role during a challenging phase and laid the foundation for the ongoing development of the company.”
Mark Walters, CEO at zanox AG, also thanked von Stern for his efforts.
“Michael von Stern made a substantial contribution to the realignment of the company and greatly facilitated the on-boarding of me and my colleagues as part of the zanox board transition.”
This departure has come at a key time for Affiliate Window who have just developed a new commission model for longtail publishers.
Publishers and advertisers will now be able to access a ‘commission-per-assist’ model, which also functions as a top-up for rewarding early contributors within CPA-driven programmes.