Audio recognition player Shazam appointed former Yahoo exec Rich Riley (pictured) as its CEO, stating that it has “put into place an executive leadership team that will accelerate the company’s growth trajectory”.

The company’s current CEO, Andrew Fisher, is moving to a new role as executive chairman. And the new appointment follows the hire of former BBC executive Daniel Danker as chief product officer in March 2013.

With Riley based at the company’s New York office, the new management team reflects how the company’s business has shifted.

While it has maintained its core music identification activities, Shazam’s recent focus has been on becoming a companion “second screen” app for broadcast media, with much of its efforts to this end – including the ability to tag television shows as they are screened – centred on the US market.

The company launched its Shazam for TV service in the US in 2011, and was expanded in September 2012 to cover “essentially every show on every channel”.

In a statement, Fisher said: “I will now spend more time focusing on our corporate development and future strategy including our ambitions to deliver a successful IPO for our shareholders as we look to become an increasingly important part of people’s everyday lives, helping them engage with content and brands in the most efficient way possible”.

Riley spent more than 13 years with internet giant Yahoo, most recently serving as EVP for Americas. He was previously also MD & SVP of the EMEA region.

Fisher was appointed CEO in 2005, leading the company as it built up a user base of more than 300 million.