Digital network Rightster has announced that Charlie Muirheadhas stepped down as CEO, and will be succeeded by the company’s CCO Patrick Walker, effective immediately.

Walker will also be appointed to the Board of the Company in due course.

Patrick Walker has held a number of senior roles in the sector. He worked at Base79, which was acquired by Rightster, as Chief Content Officer after serving eight years with Google and YouTube as the Senior Director of Content Partnerships, where he was responsible for launching and managing YouTube in Europe, the Middle East and Africa. Since the acquisition in 2014 he has served as the Group CCO.

Patrick will be supported by Niall Dore, who will continue to serve as CFO, and the company will be appointing a COO in due course. Charlie Muirhead will continue to be a member of the board.

Patrick Walker said: “I am delighted and feel very honoured to be leading this business which means so much to so many people. We will continue to deliver upon our promise to be the Upload Once, Commercialise Everywhere network. Since I joined the Company last summer I have been invigorated by the people I work alongside and we are all committed to delivering a world class product, generating results for our investors and to being a fantastic place to work for our exceptionally talented team.”

Charlie Muirhead commented, “The transformation of Rightster into the first online video distribution network that is a public company is one I have been proud to lead. I am very proud of the Company that I have built and of the team that has supported me in that process. I look forward to being able to continue to contribute to the success of the business.”

Mark Lieberman, chairman of Rightster said: “Charlie has had a tremendous impact on the industry since he founded the Company and we would like to put on record our thanks to Charlie for his dedication to the Company. We transition from his leadership with a clear strategy, top-class leadership team, a new technology platform, and a renewed focus on the customer. The succession plan will now take effect and Patrick and the team will push the Company on to the next level. We are delighted that someone of Patrick’s stature in the online video industry will succeed Charlie and lead the next phase of our growth.”