Canva co-founder Cameron Adams joins Mogul board

Written on the 19 November 2019 by Business News Australia

Canva co-founder Cameron Adams joins Mogul board

Canva co-founder and chief product officer Cameron Adams (pictured centre) has joined the board of listed esports company Mogul (ASX: ESH) as a non-executive director.

The company says Adams' appointment is part of the group's focus on building a board that can provide stronger strategic direction to Mogul as it moves towards monetising its technology.

Adams has assisted in building Canva into a $5.1 billion company, and his experience in scaling a technology business as well as developing and refining the Canva platform has been described as a "significant asset to Mogul".

"Cameron's confidence in Mogul's success, and the incredible value he can add to accelerate that success, is a testament to the accomplishments achieved to date," says Mogul managing director Gernot Abl (pictured left).

Adams says he is excited to join Mogul and to continue the esports business' development.

"I am delighted to take up this appointment with Mogul," says Adams.

"Their product is unparalleled within the esports market, and I look forward to helping the team continue to improve it and grow the new monetisation opportunities that have arisen from the launch of Mogul's Branded Hubs earlier this year."

Founded in 2012, Canva is a simple drag-and-drop design tool based in Sydney. 

The company recently acquired German stock photo websites Pexels and Pixabay alongside a $70 million capital raise backed by German Catalyst, Blackbird Ventures, and Felicis Ventrures, valuing the group at $2.5 billion.

In conjunction with Adams' appointment Mogul also announced the resignation of George Lazarou as a director today. Lazarou will remain with mogul as a company secretary and the chief financial officer.

Shares in Mogul are up 30 per cent to $0.01 per share at 11am AEDT.

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Business News Australia

 
Author: Business News Australia

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