The Board of Directors of Catena Media PLC announced today that Göran Blomberg has been appointed interim CEO of Catena Media. Blomberg has been a member of the board of Catena Media since 2019 and chairman since 2020. He replaces Per Hellberg who leaves the company today. A search process for a new permanent CEO will now be undertaken.
Blomberg will step down as chairman of the Board during his time as interim CEO. Öystein Engebretsen will serve as acting chairman during Blomberg’s tenure as CEO.
“We are pleased to appoint Göran Blomberg as the new interim CEO of Catena Media. Mr. Blomberg has solid experience and brings more than 30 years of managerial experience to the role in public listed environment. This makes him a good fit with Catena Media for the transition period. The board also want to take this opportunity to thank Mr. Hellberg for his time with Catena Media.” Engebretsen said.
Catena Media scaled rapidly through an acquisitions-driven strategy between 2016 and 2018. The last two years the company has been going through a consolidation phase to integrate recently acquired assets. Concurrently with its asset consolidation, Catena Media has successfully entered the US and Japanese markets and developed the highly profitable AskGamblers product within the European market.
“Subsequently to strengthening the company’s financial position through a successfully executed rights issue of a hybrid bond in June we now will refocus on organic growth and potential strategic acquisitions. Additionally, we will improve operational efficiency through an enhanced focus on BI and AI to create an even more scalable business solution. McKinsey & Company has just been engaged to further accelerate this transformation process.” Blomberg added.
“To execute and lead Catena Media through this transformation process The Board has commenced the search for a new CEO with relevant professional experiences and a track record of success to facilitate Catena Media’s shift into an even more profitable growth phase” Engebretsen concluded.