Liberated Syndication announced the appointment of Mr. Richard P. Heyse as Chief Financial Officer. In this role, Mr. Heyse will be responsible for finance, strategic planning, treasury, tax and accounting and will be based at the Company’s offices in Pittsburg, PA.

Mr. Heyse takes over for Mr. Gabriel Mosey, who has served as interim Chief Financial Officer since October 2019, and will remain with the Company as Corporate Controller.

Mr. Heyse brings 35 years of financial management, capital markets and operational experience in both public and private technology companies. He has successfully served as CFO of three publicly-traded companies, with considerable expertise in business planning, strategy execution, operational optimization, budgeting, SEC compliance, and financial reporting.

Most recently, Mr. Heyse served as an interim CFO or consultant for a number of private companies. Previously, Mr. Heyse served as Chief Financial, Risk and Compliance Officer at Wesco International, Inc. (WCC) in Pittsburgh, Pennsylvania; Chief Financial Officer and Chief Information Officer at Innophos Holdings, Inc. (PHS) in Cranbury, New Jersey (where he coordinated a NASDAQ IPO); and as Business CFO – Chemicals Division at Eastman Chemical Company (EMN) in Kingsport, Tennessee.

Mr. Heyse has a Bachelor’s Degree in Nuclear Engineering from Purdue University, and a Master’s Degree in Business Administration from Carnegie Mellon University.

Liberated Syndication also announced that long time Chief Executive Officer Chris Spencer has informed the Board of his decision to step down as CEO and Board Member, effective as of August 5, 2020. The Board of Directors will immediately begin a global search for a new Chief Executive Officer.

Mr. Spencer has served as the Chairman and Chief Executive Officer from the Company’s formation via a spin-off in 2016. Mr. Spencer led the Company to profitability and guided it through the successful acquisition of web hosting company Pair Networks in late 2017. Mr. Spencer was CEO and Founder of Liberated Syndication’s predecessor company, Wizzard Software, in 1996.

Under the leadership of Spencer, Libsyn has successfully increased revenues to over $20 million, expanded its customer base to over 100,000 monthly subscribers at Libsyn and Pair Networks, serving over 130,000,000 audience members monthly, while completing several strategic partnerships and acquisitions.