illumin Announces CFO Transition
Rhea-AI Summary
illumin (OTCQB: ILLMF) announced on Jan 7, 2026 that Chief Financial Officer Elliot Muchnik is leaving effective immediately to pursue other opportunities.
The company has appointed Michael Amaro as Interim Chief Financial Officer; Mr. Amaro is a CPA with over 25 years of tech and media experience and has worked at the company for over three years as vice president, finance. The company may begin a search for a permanent CFO and expects to fill the role in the coming months while the finance team focuses on execution and continuity.
Positive
- Interim CFO Michael Amaro: 25+ years tech and media experience
- Interim CFO has 3+ years internal experience as VP, Finance
- Company emphasizes continuity and finance team execution during transition
Negative
- CFO departure effective immediately introduces short-term leadership risk
- Permanent CFO not yet hired; search expected to take months
News Market Reaction
On the day this news was published, ILLMF gained 4.33%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, Jan. 07, 2026 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX: ILLM) (OTCQB: ILLMF) (“illumin” or the “Company”) today announced that Elliot Muchnik, Chief Financial Officer, is leaving the Company effective immediately to pursue other opportunities.
“On behalf of illumin, I would like to thank Elliot for his service and contributions to the Company, and we wish him well in his future endeavors. As we move forward, our finance team will remain focused on execution and continuity,” said Simon Cairns, Chief Executive Officer.
The Company may initiate a search process to assess potential internal and external candidates and expects to fill the permanent position of Chief Financial Officer in the coming months.
In the interim, Michael Amaro has been appointed as Interim Chief Financial Officer. Mr. Amaro is a CPA and a seasoned senior financial executive with over 25 years of tech and media experience, including over three years with the Company, serving as Vice President, Finance.
About illumin:
illumin is evolving the digital advertising landscape by empowering marketers to achieve transformative results through its customer-centric approach. Featuring a unified canvas built around the open web, illumin lets brands and agencies seamlessly plan, build, and execute campaigns across the entire marketing funnel—connecting programmatic channels, email, and social media within a single platform. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe. For more information, visit www.illumin.com.
For further information, please contact:
| Steve Hosein Investor Relations illumin Holdings Inc. 416-218-9888 x5313 investors@illumin.com | David Hanover Investor Relations – U.S. KCSA Strategic Communications 212-896-1220 dhanover@kcsa.com |
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: “expect,” “intend,” “plan,” “seek,” “believe,” “estimate,” “future,” “likely,” “may,” “should,” “will" and similar forward-looking language. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. In particular, this news release contains forward-looking statements and information relating to the Company’s expected timeline on appointing a permanent Chief Financial Officer. Forward-looking statements and information entails various risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, but not limited to, risks as discussed under “Risk Factors” in the Company's most recent annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
For more complete information about the Company, please read our disclosure documents filed on SEDAR+ at www.sedarplus.com.
FAQ
Why did illumin (ILLMF) announce a CFO transition on Jan 7, 2026?
Who is the interim CFO of illumin (ILLMF) and what is his background?
Will illumin (ILLMF) hire a permanent CFO and what is the expected timing?
How will the CFO change affect illumin's finance operations and continuity?
Did illumin (ILLMF) provide financial guidance or impact from the CFO change?
