CATENA MEDIA SELECTS NEW CFO AFTER 2019 LOSSES

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

Catena Media has selected Peter Messner as the gathering’s new CFO, successful from 1 April.

Messner includes broad experience inside the money 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 money related structure and will keep on supporting the partner in up and coming key ventures.

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

«His wide-extending involvement with key online media and gaming enterprises will sustain Catena Medias tasks in the years to come.»

The arrangement follows Catena revealing 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 additionally demonstrated 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.