Anuvu has named a new CEO to replace longtime leader Josh Marks. The company announced former HBO executive Simon Sutton as CEO on June 15.
Separately, former Anuvu CEO Marks will lead a new blank-check company looking for an investment target, Marks announced Monday.
Anuvu’s new CEO Sutton has deep experience in media and entertainment, formerly serving as president and chief revenue officer of HBO through mid-2019. He also worked at MGM and led digital podcast network Luminary Media.
His hire comes after private equity firm Platinum Equity acquired Anuvu less than a year ago. Anuvu provides in-flight connectivity (IFC) and content management to aviation and cruise industries, serving more than 150 airlines and 30 cruise lines.
Ali Bajwa, principal at Platinum Equity, highlighted Simon’s experience with global media and content distribution. “His unique background lends his expertise to facilitate a seamless transition for Anuvu, its partners and global client base. We are confident Simon is the right person to build upon Anuvu’s existing market leadership and lead them through their next chapter of growth,” Bajwa commented.
Former CEO Josh Marks Launches SPAC
Anuvu’s longtime CEO Josh Marks is launching a blank check company focused on space and defense sectors.
Special purpose acquisition company (SPAC) FutureCorp Space Acquisition 1 went public as a $230 million SPAC for industrial space on June 5.
The SPAC described itself as focused on the global space economy and adjacent industries, “including space manufacturing and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications and Earth observation, and defense-related activities.”
“FutureCorp is a capital partner for frontier technology, starting with industrial space. We’re permanent capital, with no forced exit or artificial sell-down pressure. We back category leaders through and after IPOs, connecting them with public investors and amplifying their stories,” Marks said in a LinkedIn post.
