November 26, 2015

Rakuten Kobo Inc. names Michael Tamblyn as new CEO

By Kobo

TORONTO – November 26 – Rakuten Kobo Inc., a global leader in eReading, today announced a change of leadership. President Michael Tamblyn will become Chief Executive Officer, succeeding Takahito (Taka) Aiki, who will remain involved in the company as Chairman, effective January 1, 2016.

Tamblyn, who has been a member of the executive team since Kobo’s founding in 2009, was named President in April 2014. He now becomes President and CEO, and will continue to work closely with Aiki in a new role as Vice Executive Manager of the companies in the Rakuten Global eBook Business, which include Kobo, Kobo Japan; OverDrive, the world’s leading eBook, audiobook and streaming video platform for libraries and schools; and Aquafadas, a software development company specializing in digital publishing applications.

In addition to his role as Chairman of Rakuten Kobo, Aiki will continue in his role as Managing Executive Officer of Rakuten’s Global eBook Business. 

“I came to Kobo in February 2014 with a mission to work closely with the executive team to bring the company to its next level of sustainable growth on the global stage. We have done incredible work in the past 22 months and the discipline, innovative thinking, financial planning and customer focus are exactly where they need to be for success,” said Aiki. “We have achieved dramatically improved financial performance and I have full confidence in the current executive to lead this company into the future. I very much look forward to working closely with Michael as CEO and as a partner guiding all of Rakuten’s digital reading properties, to extend Rakuten’s vision of global leadership in offering digital and internet services that connect people and empower society.”

Since February 2014, Tamblyn and Aiki have led Rakuten Kobo through some significant advances: Rakuten’s acquisition of OverDrive; the launch of Kobo’s digital reading service in Mexico with two of the country’s biggest bookstore chains, Librerias Porrúa and Gandhi; and the acquisition of the customers from Sony’s eBook business and from the UK eReading service BlinkBox. In the same period the company has also launched three successful new devices: The world’s first premium waterproof eReader, the Kobo Aura H2O, Kobo Glo HD and Kobo Touch 2.0.

“At Rakuten Kobo, we stand for readers, for the people who put books and reading at the very centre of their lives. There could truly be no better job than to spend every day figuring out how to make a reader’s life better,” said Tamblyn. “I am also looking forward to my role in ensuring our parent company, Rakuten, achieves its vision of enriching every stage of a reader’s life. Together with OverDrive and Aquafadas, we want the best possible reading experiences for schools, libraries, institutions, corporations and consumers, enabling readers to buy or borrow digital content anywhere in the world.”

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About Rakuten Kobo Inc.
Rakuten Kobo Inc. is one of the world’s fastest-growing eReading services offering more than 4.7 million eBooks and magazines to millions of customers in 190 countries.  Believing that consumers should have the freedom to read any book on any device, Kobo provides consumers with a choice when reading. Kobo offers an eReader for everyone with a wide variety of E Ink eReaders to suit any Reader’s style including the Kobo Aura, Kobo Aura H2O, Kobo Aura HD, Kobo Glo HD, and Kobo Touch 2.0. Along with the company’s free top-ranking eReading apps for Apple®, BlackBerry®, Android®, and Windows®, Kobo ensures the next great read is just a page-turn away. Headquartered in Toronto and owned by Tokyo-based Rakuten, Kobo eReaders can be found in major retail chains around the world. For more information, visit www.kobo.com.