MGI - Media and Games Invest SE: CEO Remco Westermann Takes Over M&A Responsibility from CIO Sonja Lilienthal who Departs the Company
Stockholm, November 29, 2023: MGI - Media and Games Invest SE ("MGI" or the "Company", ISIN: SE0018538068; ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), a leading, fast-growing ad-software platform that matches global advertiser demand with publisher ad supply while improving results through, among other things, first-party data from its own games, today announced that Sonja Lilienthal, Chief Investment Officer (CIO) of MGI, will leave the Company and that MGI’s M&A activities are assigned to CEO Remco Westermann.
Sonja joined MGI in April 2022 to help the Company to take advantage of the consolidation in the media and games industry and execute MGI’s M&A strategy. In her role as CIO, she was responsible for a.o. the successful acquisition and integration of Axes in Motion and Dataseat. Sonja also was in charge of key strategic projects for MGI, particularly in the ESG area, such as building and implementing MGI’s partnership with Cedara as its global sustainability partner, which has been instrumental in the positive development of MGI's ESG performance and rating improvement. Sonja will leave MGI at her own request with effect from December 31, 2023, to turn to new professional challenges.
"I very much regret that Sonja has decided to leave the Company. Since she joined, she has professionalized our M&A function and managed key strategic projects, helping MGI to become one of the world’s leading programmatic advertising platforms,” commented Remco Westermann, CEO of MGI. “On behalf of the entire board and management team, I would like to thank Sonja for her outstanding work and wish her all the best for her future.”
"It has been a pleasure for me to be part of MGI’s exciting journey,” said Sonja Lilienthal. “MGI is a great business with a fantastic team and a unique entrepreneurial spirit. I firmly believe that MGI Group will continue its successful growth path, and I look forward to following its progress."
For further information, please contact:
Sören Barz
Head of Investor Relations
+49 170 376 9571
[email protected], [email protected]
www.mgi-se.com
Danesh Zare
Senior Investor Relations Manager - Stockholm
+46 70 916 7932
[email protected]
Registered Office:
MGI – Media and Games Invest SE
Stureplan 6
114 35 Stockholm, Sweden
About MGI - Media and Games Invest SE
MGI - Media and Games Invest SE (MGI) operates a fast-growing, profitable ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. MGI’s main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, MGI has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better. MGI is registered as Societas Europaea in Sweden (registration number 517100-0143) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has two secured bonds that are listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market. The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [email protected].