Veteran Silicon Valley CFO joins Loton

The board of directors at Loton Corp. (OTC: LIVX), which owns the premium live music streaming platform LiveXLive, has appointed Craig Foster as a director and head of the board ´s Audit Committee, the company said.

Foster, a Silicon Valley financial veteran, was formerly the Chief Financial Officer of Ubiquiti Networks, Inc. and most recently CFO of Amobee, a global digital advertising platform.

Foster has served as a CFO for Amobee and during his tenure oversaw the turn to profitability and the USD 310M acquisition of Turn, Inc. Prior to Amobee, Foster was the CFO and a Director at Ubiquiti Networks, the disruptive networking and communications company, where he engineered the highest net income per employee among publicly traded technology companies on NASDAQ and led a stock performance increase of 300% over two years.

Foster held investment banking positions at Credit Suisse and UBS, serving as the Co-head of software at the latter. During his employment, he completed over USD 8Bn worth of transactions across IPOs, M&A, debt and complex financial instruments. Prior to banking, Foster was an early employee of Loudcloud, Inc. and gained foundational operations experience across management positions in product management, business development and finance. He also held various senior positions at RBC Capital Markets, Open Market, Deloitte Consulting, and PriceWaterhouseCoopers.

Foster holds an M.B.A. in Finance from the Wharton School of Business and a B.A. in Economics from the University of California, San Diego.

LiveXLive, a wholly owned subsidiary of Loton, Corp is one of the world´s only premium Internet networks devoted to live music and music-related video content.