TechCrunch drops RadiumOne as sponsor of its Disrupt New York hackathon; CEO ousted by board
Update: RadiumOne CEO ousted by board after pleading guilty to two misdemeanor counts of battery
The AOL-owned tech site TechCrunch announced on Saturday that it would drop RadiumOne as a sponsor for its Disrupt New York hackathon. The move comes after the CEO of RadiumOne Gurbaksh “G” Chahal pleaded guilty to one count of domestic violence battery and one count of battery. Other charges were dismissed after the victim in the case, his girlfriend, refused to cooperate and the judge in the case ruled that a video in the case which showed the Chahal hitting the victim was tossed.
“(W)e simply couldn’t sleep at night knowing that we were supporting and promoting a company led by someone who does not share our values on the issue of domestic abuse,” wrote Alexia Tsotsis on TechCrunch.
Meanwhile, RadiumOne will soon move forward with their IPO with
Chahal as CEO.
Update: Chahal was ousted on Saturday evening following a meeting by the board of directors. They then issued a statement:
At a board meeting yesterday evening, RadiumOne’s board of directors voted to terminate the employment of Gurbaksh Chahal as CEO and Chairman of the company. Bill Lonergan, the company COO, will take over as CEO of the Company immediately. Bill has an extraordinary professional background and has helped build Blue Lithium and RadiumOne into industry leading brands. We are confident he will continue Radium One’s impressive trajectory.
RadiumOne builds software that automates media buying, making big data actionable for digital marketers.
RadiumOne uses programmatic advertising to connect brands to their next customers by incorporating valuable first-party data about behaviors, actions and interests demonstrated by consumers across web and mobile touch points.