Management ChangeJul 16, 2026, 05:26 PM
Destiny Media Appoints Sharath Cherian as CEO
AI Summary
Destiny Media Technologies Inc. has appointed Sharath Cherian as its new Chief Executive Officer and President, effective July 15, 2026. Hyonmyong Cho, the former Interim CEO, will continue to serve as Chairman of the Board. Mr. Cherian brings extensive experience in the digital music media industry, having founded HipHopDX and served as its CEO after its acquisition by Warner Music Group. His compensation package includes an annual base salary of $240,000, a performance bonus, and an initial grant of options to purchase 482,000 shares.
Key Highlights
- Sharath Cherian appointed Chief Executive Officer and President, effective July 15, 2026.
- Hyonmyong Cho ceased as Interim CEO, continuing as Chairman of the Board.
- Mr. Cherian's annual base salary is $240,000.
- Eligible for an annual performance bonus targeting 40% of base salary (40% cash, 60% equity).
- Received an initial grant of options to purchase 482,000 shares.
- Option exercise prices are $0.623, $0.70, and $0.80 per share.
- Mr. Cherian previously served as a strategic consultant to the Company since February 2025.
- He was the founder and CEO of Cheri Media, which owned HipHopDX, later acquired by Warner Music Group.
Price Impact
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