Stockholm, July 12, 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 fast-growing ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through a.o. first-party data from its own games, today announced that Ionut Ciobotaru has decided to step down as Chief Product Officer (CPO) of MGI and depart the Company.
Ionut joined MGI in 2019 with the company’s acquisition of PubNative, which was founded by Ionut in 2014. After the acquisition, Ionut became co-CEO of Verve Group and was appointed CPO of MGI in 2022. After nearly 10 years of intense focus and successful growth, Ionut has decided to step back in order to take time to recharge, after which he plans to reenter the start-up landscape. Ionut’s day-to-day responsibilities will be assumed by Sameer, CEO of Verve and CRO of MGI, and Prasanna Prasad, CTO of Verve. The transition in leadership is expected to occur seamlessly, and MGI will maintain its current direction and plans for innovation and growth.
“Having spent a tremendous time together shaping MGI into one of the world’s leading programmatic advertising companies, I can say that Ionut will be missed,” said Remco Westermann, CEO of MGI. “His spirit, enthusiasm, and drive for innovation will remain a part of our company. I thank Ionut for his great work and wish him all the best on his future path.
“Today, MGI and Verve Group are better positioned for growth than ever, and we will continue to invest in our business and talent,” Remco added. “The industry is changing quickly, but I’m confident in our ability to continue navigating those changes and delivering superior products to our clients.”
“An exciting chapter, one that began in 2014 with the founding of PubNative, is drawing to a close,” said Ionut “I am immensely proud of what we have accomplished, and I would like to express my gratitude to all those who have accompanied me on this journey. I firmly believe that MGI and Verve Group are well positioned for an exceptional future, and I look forward to following their progress “
Responsible parties
The information in this release has been made public through the agency of the responsible persons at MGI set out below for publication at the time stated by MGI’s news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information.
For further information, please contact:
Sören Barz
Head of Investor Relations
+49 170 376 9571
soeren.barz@mgi-se.com
www.mgi-se.com
Danesh Zare
Senior Investor Relations Manager
+46 70 916 7932
danesh.zare@mgi-se.com
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; info@fnca.se.