Catena sanctions board makeover as Kathryn Baker resigns from Chair duties

Industry affiliate marketing publisher Catena Media Plc has informed investors that it will make significant changes to its board following a number of resignations.

 Issuing a market filing, the Stockholm-listed firm confirmed that Kathryn Baker has declined to seek re-election as Chairwoman. Baker is joined by Mats Alders and Cecilia Qvist who have chosen to resign from board duties.  

Reacting to recent developments, Catena’s Nominations Committee has put forward to investors that independent director Göran Blomberg should be elected as new Chairman of the Board.

 Blomberg, the former CFO of Swedish retailer ICA Group, who has served as a Catena governance advisor since February 2019, following the divestment of equity by former Malta venture capital investor Optimizer Invest.

Further changes see Catena Nominations Committee propose to investors the appointments of Adam Krejcik and Marcus Lindqvist as new board members.

US wagering expert Adam Krejcik is the co-founder and partner of Eilers & Krejcik Gaming LLC – a research and insights consulting firm that follows digital and interactive gaming trends.

Marcus Lindqvist is the Chief Executive of Swedish digital retailer Qliro Group, the operating company of leading Swedish fast-fashion brand Nelly.

Moving forward, Catena has outlined its intention to reduce its size to six members. Catena investors will be required to vote on the Nominations Committee’s proposals at the firm’s AGM scheduled for 15 May 2020, held in Stockholm Sweden.