Local Corporation announced that Fred Thiel, Local Corporation's chairman of the board, has been named Chief Executive Officer of the company, effective immediately. The company also announced that, effective immediately, the position of President and Chief Operations Officer would be eliminated to further streamline operations and Michael Sawtell will be leaving the company. Thiel joined Local as a board member in 2013 and became its chairman in January 2014.

Prior to Local, Thiel served as the managing partner of the Software IT Group at Triton Pacific Capital Partners, from January 2007 until the end of 2012. Norm Farra, will be resuming his role as lead director of the board of directors. In connection with his appointment as CEO, Thiel has resigned his positions on the Audit Committee, Nominating and Corporate Governance Committee, and the Compensation Committee of the Board of Directors.

He will remain chairman of the board. The company will move quickly to nominate a new independent director to regain compliance with applicable listing standards.