A co-founder of digital publisher LadBible has stepped down.
Arian Kalantari had served as chief operating officer of owner LBG Media after first setting up the Manchester company alongside chief executive Solly Solomou.
Mr Kalantari has been on a sabbatical since the start of the year and has decided not to return.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
He said: "It has been an incredible journey to see this business grow and thrive over the last 11 years since Solly and I founded it.
"LBG Media is very well-positioned to continue to succeed in the years to come and I will remain a passionate supporter."
Mr Solomou added: "On behalf of the board and everyone at the company, I would like to thank Arian for his support over the years, both in the terms of the vital contribution to the founding of the business and the years of success that have been achieved since.
"It has been a great pleasure to work side by side with my good friend and I wish him all the best and look forward to his continued support as a shareholder."
Most Read
The announcement comes as LBG Media said it expects to report a revenue of £27.2m for the six months to June 30, 2023, up from £24.8m.
The company is also forecasting an adjusted EBITDA of around £3m, up from £1.6m.
On its outlook, the business said: "Normal seasonality in advertising spend means that revenue, and, with the relatively even split of costs, significantly more so profitability, are weighted towards the second half of the year.
"The board believes that the group's highly differentiated offering and strategic programme will continue to fuel our growth and combined with the momentum we take into H2, the board can confirm the outlook for the full year remains in line with market expectations."
Mr Solomou said: "We have delivered a strong first-half performance in line with our expectations, notwithstanding the tough macroeconomic backdrop.
"The significant increase in content views demonstrates our effective ongoing engagement with the hard to reach 18-34 year-old demographic: this is a highly attractive proposition for advertisers and will continue to fuel our growth.
"LBG Media has a well-defined set of strategic growth pillars, a strong balance sheet with which to execute on and the ability to capitalise on the growth drivers - I'm excited by the opportunities that lie ahead."