Catena Media‘s nomination committee has proposed Erik Flinck for the function of chairman of the board of administrators, whereas Dan Castillo is slated for election as a brand new board member.
Flinck presently chairs the digital well being startup, Dr. Hud, and has beforehand held the place of managing companion at Boston Consulting Group Sweden. With virtually twenty years of expertise in administration consulting, he brings experience in company administration, development methods, and turnarounds. Moreover, Flinck served as head of group technique and M&A at Sandvik AB.
In the meantime, Dan Castillo provides over twenty years of experience throughout start-ups, development firms, and turnarounds. Having been an investor in Catena Media since 2015, he brings worthwhile perception.
Castillo’s expertise consists of listed board positions, notably with Kotipizza, acquired by Orkla in 2018. Presently, he serves on the boards of 5 firms, spanning fintech with Quartr.com and film manufacturing with Hope Studios.
Catena’s nomination committee has beneficial the re-election of Øystein Engebretsen, Theodore Bergquist, Adam Krejcik, and Sean Hurley to the board. Nonetheless, Göran Blomberg, Esther Teixeira-Boucher, and Austin Malcomb have declined re-election. Moreover, the committee has proposed lowering the board measurement to 6 members from the present seven.
Earlier this month, Catena Media appointed Manuel Stan, a former Kindred Group government, as its new CEO after Michael Daly resigned. The corporate’s This autumn 2023 monetary report confirmed a 41% lower in income to €14.5m and an 88% drop in adjusted EBITDA. Daly attributed the decline to market challenges akin to intense competitors and lowered operator acquisition prices.
Catena Media plc (CTM.ST) is presently buying and selling at SEK9.33 (9.71%).
