Mood Media Corp. announced its Board has appointed Steven Richards as President and Chief Executive Officer, effective immediately. Richards will be joining the company's Board.

Mood Media said its Chairman and CEO, Lorne Abony is stepping down from both positions to pursue other opportunities. Philippe von Stauffenberg, non-executive Vice Chairman of the Board since July 2010, has been elected Chairman, also effective immediately. Steve Richards has 29 years of experience in the Consumer/Business Services, Media, Technology, Communications and Business Process Outsourcing industries.

Most recently he served as President of Mood Media and CEO of Muzak. Prior to this, Steve was the CEO of PRC. From 2005 to 2008, Richards served as President of Transworld Systems. Before joining Transworld, Richards spent nearly four years serving as Chief Operating Officer, Chief Marketing Officer and Executive Vice President of Operations for RMH Teleservices.

Richards started his career at AT&T Inc., where he worked in operations and marketing, for over 14 years.