Oberon Media, the parent company of casual game publisher I-play, today announced David Lebow has been appointed to the Board of Directors and to the position of Acting Chief Executive Officer (CEO), effective immediately. The appointment of Mr. Lebow, a seasoned and experienced digital media and technology executive, coincides with a new investment round of $16 million into the company.

“The additional capital and appointment of Mr. Lebow will help Oberon achieve its growth potential, and further position the company for future success,” the company said today in a press release. “Under Mr. Lebow’s leadership, the company will focus on executing current products and plans, and on development of strategy for long term success in the business-to-business and direct to consumer game publishing segments.”

Before joining Oberon Media, Lebow was CEO and President of Internet Broadcasting from 2007-2010. As Executive Vice President/GM of AOL Media Networks, David was instrumental in creating and executing the strategy to transform AOL into a consumer web portal with record advertising growth. David led several growth businesses within AOL, producing record audience and revenue. In January 2010 he was elected to the Ithaca College Board of Trustees and in June 2010 he joined the TownSquare Media Board of Directors. In August 2010 he became a founding partner at Disrupto, a Digital Product, Strategy and Design company in New York.

“Today’s announcement represents a new chapter in Oberon’s history and growth,” said Oberon Co-Founder and former CEO Tomer Ben-Kiki. “I am excited by this transition, and confident that David and the senior management team will steer the company towards continued success.”

“Oberon Media has terrific potential for growth and expansion,” said Mr. Lebow. “The company has built a worldwide franchise in a highly competitive industry. I look forward to working with the three founders, the board, and all of the talented Oberon staff in the coming days to expand on our position of market leadership, growth and excellence.”

The internal shareholders investing in the round of financing include certain investment funds managed by Goldman Sachs Asset Management, Oak Investment Partners, and Infinity I-China.