April 12, 2010 (FinancialWire) — ValueClick, Inc. (NASDAQ: VCLK) said that Tom A. Vadnais is retiring and resigning from his roles as chief executive officer and director, effective April 9. The company’s board has elected James R. Zarley as ValueClick’s president and CEO.

As part of this move, Zarley is stepping down from his current role as ValueClick’s executive chairman. The company’s board has appointed director Martin T. Hart as chairman of the board.

Vadnais has been a director of ValueClick since 2001 and CEO since May 2007. During his tenure as CEO, Vadnais led a number of initiatives to streamline the company’s operations and expand Adjusted-EBITDA1 margin. According to a company statement, he will be available as a consultant to Zarley for the remainder of 2010.

Zarley was an angel investor in ValueClick and served as the company’s chairman and CEO from 1999 to May 2007. Zarley assumed the full-time role of executive chairman in May 2007 to focus primarily on the ValueClick’s European operations and corporate development program.

Hart has been a director of ValueClick since March 1999. He currently serves on the boards of MassMutual Corporate Investors; MassMutual Participation Investors; and Texas Roadhouse, Inc.

California-based ValueClick is an online marketing services firm.

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