ValueClick Friday announced that Tom Vadnais is retiring and resigning from his roles as CEO and director, and that its board has elected James Zarley as president-CEO. As part of the move, Zarley
will step down from his current role as ValueClick's executive chairman. Vadnais has been a director since 2001 and CEO since May 2007. Zarley was an angel investor in ValueClick and served as the
company's chairman and CEO from 1999 to May 2007.
Also on Friday, ValueClick announced preliminary results for the quarter ended March 31, saying it expects revenue will be at the mid-point of
the previously-issued guidance range of $93 to $97 million; and adjusted-EBITDA will be at, or slightly above, the high-end of the previously-issued guidance range of $24 to $26 million.
