MTG strengthens leadership and appoints Lasse Pilgaard as CFO

MTG strengthens leadership and appoints Lasse Pilgaard as CFO

March 10, 2022
08.30 CET
STOCKHOLM — Modern Times Group MTG AB (publ) (“MTG”) today announced that Lasse Pilgaard is joining the Group’s executive management team as CFO from 1 April 2022. His focus will be to ensure that MTG continues to accelerate both organic and M&A driven growth, strengthen the company's financial foundation and capabilities, and rigorously drive shareholder value.

Lasse most recently served as CFO at TDC Group, the largest Danish telecoms company. During his six years at TDC Group, he has held multiple senior management positions, drove the stabilization of the business and executed on the separation of TDC Group into two standalone businesses. Prior to that he has served in multiple roles within the Nordic tech scene such as COO at AutoButler and Investment Manager at Creandum, the leading Nordic venture capital firm. Lasse started his career at McKinsey and Company after obtaining a master’s degree in Business and Economics from Aarhus University.

MTG’s Group President and CEO Maria Redin commented:

“After successfully identifying, investing in, and partnering with the leading entrepreneurs in the esports industry and growing ESL Gaming, we divested the business for over US$ 1 billion. The proceeds will help fuel MTG’s growth as a pure-play gaming group. We have a unique opportunity to continue to invest in, and partner with, entrepreneurial gaming companies around the world who are helping to shape the future of gaming.

I’m very happy to get Lasse on board to help drive this. He is an experienced leader with an impressive track record of accelerating financial performance in fast moving and highly competitive tech and telecom companies, as well as managing complex M&A and capital structures. He is closely aligned with our culture and values and shares our vision of what MTG can become. I’d like to welcome him to the group on behalf of our whole team.”

Lasse Pilgaard added:

“MTG is a fantastic company that combines a history of innovation and entrepreneurship with constant reinvention and long-term growth. As a result, it’s perfectly positioned in the vast and profitable gaming market, which is expected to continue to grow for the next decade. I’m very happy to join the team during this exciting time, both to support MTG in continuing the operational growth and to help define the next chapter, based on the very exciting market opportunities and a rock-solid balance sheet.”

For more information:

Lars Torstensson, Chief Financial Officer and EVP Communications & IR Direct: +46 (0) 70-273 48 79,

Anton Gourman, VP Communications Direct: +46 73 661 8488,

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This information is information that Modern Times Group MTG AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:30 a.m. CET on March 10, 2022.


About MTG

MTG (Modern Times Group MTG AB (publ.)) ( is a strategic acquiror and operator of esports and gaming entertainment companies. Born in Sweden, the shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’). 

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MTG appoints new CFO