• Home
  • News
  • People
  • Catena Media proposes board revamp and hires new chairman
igamingnext photo
Catena Media’s nomination committee has put forward Erik Flinck for the position of chairman of the board of directors, with Dan Castillo set for election as a new board member.

Flinck (pictured) currently serves as chairman for digital health start-up, Dr Hud.

He previously served as managing partner of Boston Consulting Group Sweden and has extensive experience from corporate management, growth and turnarounds from nearly 20 years of management consulting and serving as head of group strategy and M&A at Sandvik AB.

Dan Castillo, meanwhile, boasts over 20 years of experience spanning start-ups, growth companies, and turnarounds. He has been an investor in Catena Media since 2015.

He brings prior experience in listed board work from his involvement with pizza restaurant chain Kotipizza, which was acquired by Orkla in 2018. 

Currently, Castillo serves on the boards of five companies across various sectors, including Quartr.com in fintech and Hope Studios in movie production.

Blomberg declines re-election

Catena’s nomination committee also proposed the re-election of Øystein Engebretsen, Theodore Bergquist, Adam Krejcik, and Sean Hurley to the board. 

Göran Blomberg, who has served as chairman since May 2020, along with Esther Teixeira-Boucher and Austin Malcomb, declined re-election as board members. 

Furthermore, the committee has suggested reducing the size of the board to six members from the current seven.

Earlier this month, Catena Media recruited Kindred Group veteran Manuel Stan as its new chief executive following the resignation of former CEO Michael Daly.  

Catena reported a 41% decline in revenue to €14.5m in its Q4 2023 financial report, as well as an 88% drop in adjusted EBITDA.

Daly had blamed the drop on “market headwinds”, including stiff competition from rivals and lower cost-per-acquisition rates paid by operators.

Similar posts