Brave Bison tumbles after giving CEO the chop

Social video outfit Brave Bison axed its chief executive Claire Hungate on Wednesday and named ex-Google executive Kate Burns as her replacement.

Burns will succeed Hungate, who has left the AIM-listed company, with immediate effect. Hungate, former BBC executive and Shed Media director, joined as CEO of Brave Bison in September 2017.

Last month's final results showed the company increased revenue 19% to £21.2m last year and cut losses before tax from £17.2m to just £0.1m.

Brave Bison said that Burns, who joined the board as a non-executive director back last July, has a wealth of experience within the digital content and publishing industry, having held a range of roles at Google during her six years at the company.

Chairman Sir Robin Miller said: "I am delighted we have secured the services of someone whose experience and track record in this market is second to none and whose business acumen is well proven.

"The fact that Kate has taken leadership of the company from a non-executive position demonstrates she is highly confident about the potential of our business."

As of 0915 BST, Brave Bison shares had tumbled 26% to 1.85p.