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In his personal blog, Lingham congratulated Yola’s former chief operations officer, Trevor Harries-Jones, who is taking over as CEO.
“I am very enthusiastic about the continued strong growth and prospects for Yola,” said Harries-Jones. “My immediate focus will be on completing the release of our new suite of exciting, high-quality, next generation products to our rapidly growing customer base, and on continuing to manage and expand our strong distribution partner platform.”
Lingham will now focus on his new startup, Gyft – a mobile wallet for gift cards – which is set to be launched in May 2012.
Lingham told MyBroadband BusinessTech that after five years, his job is done at Yola. “The product is built and I decided to move on to conquer new grounds,” said Lingham.
“I will continue to be a shareholder and board member of the company and will still work with the management team to ensure that the company continues to grow from strength to strength,” Lingham said.