Dan Teodosiu will step down as chief technology officer of Criteo SA effective Sept. 30, following a mutual agreement with the French advertising company.
Teodosiu will remain with the company as a nonexecutive employee during a garden leave period beginning Aug. 16 and ending Sept. 30, the company disclosed in an SEC filing. Earlier this year, Criteo announced that COO Mollie Spilman will leave the company effective July 5.
Criteo also authorized a share repurchase program of up to $80 million of its outstanding American Depositary Shares. The company may purchase the stock from time to time on the Nasdaq Global Select Market.
Criteo said it intends to use repurchased shares to satisfy employee equity plan vesting in lieu of issuing new shares as well as for potential M&A transactions.