Catena Media has designated a recognizable figure as their temporary Chief Financial Officer. Eric Eiton, who formerly occupied the identical post within the organization, is returning to the position.
Eiton’s selection comes after the declaration that Peter Messner, Catena Media’s CFO since April 2020, would depart the company in February 2023. To guarantee a seamless handover, Messner will stay with Catena Media until June, while Eiton will formally take on his duties on May 23rd.
Eiton possesses a wealth of expertise, having dedicated over 16 years in financial administration positions across both private and publicly listed corporations, encompassing well-known entities like ICA Gruppen and Intrum. Most recently, he functioned as a strategic consultant to a worldwide media enterprise. Eiton holds a Master’s degree in Business and Economics, with a focus on Financial Accounting, from Uppsala University.
This is not Eiton’s initial tenure as CFO at Catena Media. He previously held the interim CFO role from 2019 to 2020, making him a seasoned leader within the company.
Michael Daly, Chief Executive Officer of Catena Media, conveyed his trust in Eiton, stating, “I am delighted to welcome Eric back to Catena Media as our interim CFO. With his vast background and prior experience at Catena Media, he will be an invaluable addition to the executive management team.”
This proclamation follows exciting advancements for Catena Media. They recently secured a three-year collaboration with Lee Enterprises, a major media entity. This strategic partnership will see Catena Media overseeing all of Lee Enterprises’ brands, including their primary website, frontpagebets.com. The partnership enables Catena Media to broaden its presence across several states, including Missouri, Texas, Minnesota, Alabama, and North Carolina.
Catena Media is also commemorating a prosperous 2022, having attained impressive financial outcomes. Their earnings reached €1.101 billion (or £960 million), signifying a substantial 7% rise compared to the preceding year.
At the beginning of the year, GiG Group acquired a portfolio of online gaming platforms from Catena Media. This acquisition encompassed prominent brands such as Askgamblers.com, Johnslots.com, and newcasinos.com, in addition to a handful of lesser-known sites.
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