Tapjoy mobile platform CEO resigns, replaced by Disney executive

Former president of Disney Interactive Media Group Steve Wadsworth was appointed the new CEO of Tapjoy after president and CEO Mihir Shah resigned from the mobile platform company yesterday, the company announced.

Wadsworth has worked as director at Tapjoy since 2011, following an 11 year career at Disney Interactive Media Group. He is also currently a director and executive chairman of a San Diego-based Internet radio start-up called Slacker. At Disney, Wadsworth was responsible for the acquisition of online children's title Club Penguin, as well as the creation of Disney based mobile content.

"Tapjoy has scaled dramatically over the past two years," said Tapjoy board chairman Mark Leschly in a prepared statement, "and we are very excited and fortunate to have someone with Steve's management credentials and deep technology and entertainment industry expertise to lead Tapjoy through our next phase of growth. Steve has had a unique opportunity to work closely with our senior management team since joining the Board. He will ensure that this is a seamless transition for all of Tapjoy's customers and employees as we continue to drive the growth and product innovation we are known for.

"The Board would also like to acknowledge Mihir's contributions to the firm during his tenure as CEO and thank him for helping the company transition from its start-up phase to a market leading growth company."

Shah joined Tapjoy in Jan. 2010.