Catena Media CFO announces departure
Peter Messner will leave the affiliate within the next six months as he pursues a career away from the industry
Catena Media chief financial officer (CFO) Peter Messner is set to leave the affiliate within the next six months.
Messner has been with the Malta-based firm for almost three years and played a key role in the sale of the AskGamblers brand to GiG in December and the offloading of Catena’s European-facing assets last year.
Prior to his time at Catena, he was the CFO and finance director at investment firm Modern Times Group.
Before this, Messner held the position of CFO and director of corporate development at the Ongame Network.
He also spent just over four years at bwin as a product and portfolio manager, as well as an integrated business planning manager.
On Messner’s departure, Michael Daly, CEO of Catena Media, said: “Given our closer focus on the North American market, we have agreed that this is the right time to make a transition in our financial leadership. Peter has contributed hugely to our recent successes, and we thank him sincerely for his efforts.”
Catena Media confirmed that the search for a new CFO will start imminently.
The news comes a week after Better Collective announced that it had acquired a minimum stake of 5% in Catena. Based on Catena’s market cap of around SEK2.2bn (£173m), it suggests Better Collective has stumped up at least £8.6m for its stake in its competitor.
Catena had previously appointed Carnegie Investment Bank as its financial adviser following the affiliate’s conversations with third parties over the possible sale of assets or a public tender offer for the group.