Lead generation company Catena Media today announced the appointment of Claes Wenthzel as Chief Financial Officer. The move is believed to be a strategic step towards the implementation of Catena Media’s plan to list on Nasdaq Stockholm, moving its common shares from First North Premier.
Mr. Wenthzel will assume his new post in January 2017. Catena Media’s new CFO boasts almost 20 years of experience on said post in different companies. He has most recently occupied the Interim CFO role at Pricer AB. Over the years, he has also served as financial advisor to the Doro AB Chief Executive and Board. Kemetyl AB, Orexo AB, and Louis Gibeck AB have also been among the many enterprises to have employed Mr. Wenthzel over the years.
As mentioned above, the new appointment has come as part of Catena Media’s listing plan. The company pointed out in a press release from earlier today that listing preparations are proceeding on schedule and the chosen end is expected to be reached during the first half of 2017.
Commenting on the latest announcement, Catena Media Chief Executive Robert Andersson said they are proud to have attracted a professional like Mr. Wenthzel to their team. The executive further noted that given their new CFO’s “solid and relevant competence,” he will play an important role in the company’s moving to Nasdaq Stockholm.
Headquartered in Malta, Catena Media is an online performance marketing focused on the online gambling industry. To cement its position in the highly competitive environment, the company has secured organic growth and has expanded its presence in certain core markets.
Most recently, Catena Media extended its global reach by acquiring affiliate assets from three US-based founders for a total consideration of $15 million. Prior to that, the company announced the purchase of UK-facing affiliate website Casino UK for the amount of €10.6 million.
Earlier this year, Catena Media added affiliate portal Ask Gamblers to its portfolio in an unprecedented for the iGaming affiliate marketing industry €15-million acquisition deal. The transaction has also become Catena Media’s largest-scale one since the company was established back in 2012.
