Following the announcement of the process to initiate a split of MTG into two companies, MTG and Nordic Entertainment Group, the Nordic Entertainment Group leadership team has now been established. All Group leadership team members will report in to Anders Jensen, the President and CEO of Nordic Entertainment Group.
Nordic Entertainment Group will comprise MTG’s current Nordic Entertainment and MTG Studios business segments, as well as Splay Networks. This unique entertainment ecosystem includes the Viasat pay-TV operations, the Viaplay and Viafree streaming services, MTG’s free-TV channels and radio stations, 30 production companies and Splay’s social video and influencer networks.
Anders Jensen, currently MTG Executive Vice President and CEO of Nordic Entertainment and future President and CEO of Nordic Entertainment Group: “These talented and committed leaders have the skills, experience and attitude required to realise our high ambitions for Nordic Entertainment Group. We are ensuring continuity in our country organisations and central functions, while driving even clearer commercial alignment across the business with the new Group Chief Commercial Officer role. This Group is a one of its kind in the media space and we are setting the organisation right in order to be able to deliver the most engaging experiences for all of our stakeholders.”
The Group leadership team for Nordic Entertainment Group will be as follows, effective 1 July 2018:
As previously announced, Filippa Wallestam has been appointed MTG SVP and CEO of Sweden and the future SVP and CEO of Nordic Entertainment Group Sweden.
The recruitment of the Chief Financial Officer for Nordic Entertainment Group, as well as for certain leadership positions for the remaining MTG, is ongoing. The Board of Directors of Nordic Entertainment Group will also be announced in due course.
About the split of MTG
On 23 March 2018 it was announced that the Board of Directors of MTG has decided to initiate a process to split MTG into two companies – Modern Times Group MTG AB and Nordic Entertainment Group – by distributing all the shares in Nordic Entertainment Group to MTG’s shareholders, and listing these shares on Nasdaq Stockholm.
The Board intends to propose the distribution and listing of the shares at an Extraordinary General Meeting of its shareholders during the second half of 2018. The Board’s final proposal will be subject to the previously announced combination of MTG’s Nordic Entertainment and MTG Studios businesses with TDC Group not being completed.
More information about the split can be found here.
NOTES TO EDITORS
MTG (Modern Times Group MTG AB (publ)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. Our brands span TV, radio and next generation entertainment experiences in esports, digital video content and online gaming. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).