Finance

Benya Joins Seven Stars Cloud Group

Former InDemand CEO will serve as president, chief revenue officer 10/10/2017 4:34 PM Eastern
Robert Benya (file photo)

Former In Demand CEO Bob Benya has joined industrial internet platform and supply chain company Seven Stars Cloud Group, as president and chief revenue officer, the company said in a statement Tuesday.

Benya had served as president and CEO of In Demand, a transactional distribution company, which provides movies, concert programming and live sports eventson a pay-per-view and on demand basis to MVPDs, from 2009 to 2017. Prior to that he served in numerous roles with other top cable companies, including Time Warner Cable (as chief revue officer in the 1980s).

Benya was replaced at In Demand by industry veteran Dale Hopkins in August.

"The President & CRO positions are a necessity based on our recent global expansion and Robert will be an essential part of our executive team as we continue to develop our B2B fintech-powered, supply chain solution," said Seven Stars chairman and CEO Bruno Wu in a statement. "His proven ability to manage and grow multiple revenue streams and provide high-level strategic insights will help us to capture our vast addressable market."

Wu assumed the role of CEO after former CEO Bing Yang said he would resign from that position immediately. Yang will remain with the company in an advisory role until the end of the year. In addition company director Sean Wang has resigned from SSC's board, but will remain in an advisory role with the company until the end of 2017.  At that point, Mr. Wang will return to Sun Seven Stars Media Group's investment division.

"It's clear that SSC's approach to Artificial Intelligence and Blockchain technology coupled with its strong partnerships, is providing industrial enterprises with a completely new and cost-saving way of trading and doing business," Benya said in a statement. "I'm honored to be selected as SSC's first CRO and look forward to joining this talented team and working with our innovative partners and customers."

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LEARN MORE: NYC TV Week is coming up, starting with the 27th annual Broadcasting & Cable Hall of Fame on Monday, Oct. 16. For more about #NYCTVWK, click here.

 

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