Catena Media ignites search for new CFO as Peter Messner steps down
Catena Media has initiated the process of recruiting a new CFO as Peter Messner is set to leave his position with the affiliate.
Messner will hand over his responsibilities within the next six months, before going on to pursue career opportunities outside the sports betting and casino industry.CEO Michael Daly commented: “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,” he added.
Catena Media is undergoing a phase of transition and restructuring as it plans to move away from European markets and place a greater focus on the North American market.
Despite a 31% year-on-year increase in revenue from the North American market, reaching €21.5m in Q4 2022, the outcome of the business review remains uncertain.
In December, the company sold its flagship brand, AskGamblers, to Gaming Innovation Group, and in January, Catena Media confirmed that third parties have shown interest in acquiring the entire company.
20 years’ experiencePrior to Messner’s appointment, Catena Media had been searching for a new CFO for a year following the departure of Pia-Lena Olofsson at the beginning of 2019.
Messner joined Catena Media in April 2020. He brought with him over 20 years of international management experience in the media and iGaming industries.Between February 2014 and April 2019, he served as the CFO of the digital division at Swedish media conglomerate Modern Times Group (MTG).
Before that, he held the position of CFO and director of corporate development at Ongame Network, bwin’s B2B arm for web and mobile poker solutions, between 2010 and 2013.
That business was sold to Amaya Gaming in 2012.
Messner first joined bwin in 2006 as a product and portfolio manager, before moving on to the role of integrated business planning manager in 2009.