Catena Media Plc has notified investors that Per Widerström has ended his tenure as a Corporate Director of the Stockholm-listed igaming media publisher.
The resignation follows Widerström accepting the position to become the new Group CEO of 888 Holdings, commencing from 16 October onwards.
Widerström, the former Chief Executive of CEE gambling group Fortuna Entertainment, has served as a Corporate Director since May 2019 and will leave Catena’s board with immediate effect.
The update saw investors informed that Catena would maintain a board size of six members until the firm’s next annual general meeting in 2024.
Thanking Widerström, Göran Blomberg, Chairman of the Board of Directors, said: “Per’s extensive experience and in-depth industry knowledge have greatly benefited the board’s work and the strategic direction of Catena Media.
“On behalf of all stakeholders, we express gratitude for his contributions and wish him every success in his new role.”
Catena continues to revise its media portfolio, which saw the company enter an agreement to sell its UK and Australia sportsbook assets for €6m cash to Moneta Communications Ltd.
Proceeds from the sale have been allocated to reduce corporate debt, as the Catena board continues to revise all strategic options including an outright sale of the business.
Catena Media will publish its H1 Interim trading results on 22 August 2023.