Catena Media promotes Edward Midolo to CTO
As part of its ongoing organizational changes, Catena Media has announced the promotion of Edward Midolo to Chief Technology Officer.Following Michael Gerrow's...
Catena Media’s strategic leadership changes
Catena Media considers Erik Flinck as chairman and Dan Castillo for the board. New CEO Manuel Stan aims to revive operations after financial setbacks in 2023.
Catena Media is thinking of making Erik Flinck the next chairman. Flinck has previously worked with Sandvik and the Boston Consulting Group, and he presently heads a start-up in digital health.
Additionally, the organization is thinking about adding Dan Castillo to the board of director. Castillo has expertise with public boards and has been an investor in Catena since 2015.
While some of the present board members are stepping down, others are being reappointed. These adjustments are a part of Catena’s new course after its CEO departed and the company had underwhelming financial results in 2023.
With more than two decades of expertise in the business, Manuel Stan has been named the new CEO. From Las Vegas, he will oversee Catena’s activities throughout North America and the world.
Financially speaking, Catena had a significant drop in sales in 2023. The group adjusted EBITDA from continuing operations decreased by forty-seven percent to €25.4 million, with an adjusted EBITDA margin of thirty-three percent, while US sales declined twenty-one percent to €67.1 million.
As Catena Media attempts to navigate difficult market conditions and revive its operations, the new appointments and strategic changes signal a substantial change in leadership and direction.
Michael Gerrow: Catena Media’s new CFO
Michael Gerrow has been appointed as Catena Media's new Group Chief Financial Officer.Gerrow takes on his new responsibilities on the fifteenth of April of this year.
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