Brad Tirpak 220

Libsyn’s year-long search for a new chief executive has ended and it turns out the right person for the job was already in-house. The company has appointed board chair Bradley Tirpak as its new CEO. “Through the CEO search, it became apparent to the Board that Brad would be best suited for the role,” said board member Eric Shahinian.

As a professional investor with more than 25 years of investing experience, Tirpak, 52, joined the Libsyn board of directors in 2019 and he rose to its chairman in August 2020. Already immersed in Libsyn operations, in his new role, Tirpak will be responsible for overseeing all operations, business strategy, and capital allocation at the company.

“I am thrilled to be assuming these new responsibilities at Libsyn,” said Tirpak in a statement. “As the first publicly traded podcasting company, Libsyn’s legacy is unique. We were founded on and remain committed to the mission of helping podcasters thrive. With the addition of the AdvertiseCast podcast advertising marketplace, the company has tapped into the fastest growing segment of the podcast market. I look forward to partnering with the entire executive team, all of Libsyn’s employees, and all of our customers and suppliers to continue the company’s long track-record of delivering value to the marketplace and to shareholders.” 

Tirpak has a signed a three-year contract that will keep him in the CEO role through at least December 2024. In a filing with the Securities and Exchange Commission the company says his annual base salary will be $120,000 per year to start with a signing bonus that is completely made up of stock and options that will expand his Libsyn holdings.

Tirpak succeeds Chris Spenser who stepped down from his leadership role at Libsyn last year after a four-year tenure. The day-to-day management of the company has been overseen by President/Chief Operating Officer Laurie Sims in the months since. She will remain in that role. 

“The entire company joins me in congratulating Brad on his appointment,” said Sims in the announcement. “Brad has been actively engaged in driving the business forward as chairman, and he has spent considerable time on all aspects of our business, from developing market strategy, engaging with customers, and developing employees. This new role will allow Brad the opportunity to further lead these initiatives.”

With his appointment to CEO, Libsyn says it plans to separate the roles of Chairman and CEO. Tirpak will however remain on the company’s board.

As a professional investor with more than 25 years of investing experience, Tirpak also has a long history of serving on the boards of publicly traded companies. In addition to Libsyn, he also currently serves on the board of TSR, a publicly traded provider of information technology consulting and recruiting services, and at Barnwell Industries, a publicly traded company engaged in real estate development and oil and gas exploration.