CATENA MEDIA NAMES NEW CFO AFTER 2019 LOSSES

Catena Media names new CFO after 2019 losses
By Xforeal / on 10 Mar, 2020

Catena Media has named Peter Messner as the Group’s news CFO, compelling from 1 April.

Messner includes broad experience inside the account and gaming industry, including senior jobs at Bwin, while his latest job was CFO at Swedish media combination Modern Times Groups MTGx division.

He will supplant Erik Edeen, who has filled in as interval CFO since succeeding Pia-Lena Olofsson in January 2019.

Edeen is credited with reconstructing and changing Catenas whole budgetary structure and will keep on supporting the partner in forthcoming key undertakings.

Catena Media CEO Per Hellberg stated: «With a well-working monetary foundation set up, due to Eriks commitments, our playing field is presently prepared to invite Peter as CFO.

«His wide-running involvement with key online media and gaming enterprises will brace Catena Medias activities in the years to come.»

The arrangement follows Catena announcing an entire year misfortune for 2019 of 10.5m ($11.9m), with that misfortune expanding 134% year-on-year. A months ago money related outcomes likewise indicated a 2% decline in yearly income, to 102.8m.

In terms of Q4 2019, income was down 3% to 26.6m, with EBITDA diminishing by 2% to 11.8m.