Joakim Andersson steps down from MTG Board of Directors

Following yesterday’s decision by Kinnevik AB to distribute all its shares in Modern Times Group MTG AB (publ) to its shareholders, Joakim Andersson has resigned from the MTG Board of Directors.

Joakim Andersson is Chief Financial Officer of Kinnevik, which is MTG’s largest shareholder. Joakim was appointed to the MTG Board of Directors in 2015. He was also a member of MTG’s Audit Committee and Chairman of MTG’s Remuneration Committee. MTG Board Director Natalie Tydeman has been appointed as the new Chairman of the Remuneration Committee. MTG’s Board of Directors will now comprise six members.

David Chance, MTG Chairman of the Board: “Joakim has made an invaluable contribution to the work of the Board over the past three years and has led or been a member of several of the Board’s committees during that time. He has also played a key part in setting MTG’s successful strategic transformation path. We thank him and wish him the very best for the future.”

“I would also like to thank Kinnevik, as our founder and then largest shareholder, for all of their support and inspiration over the last thirty years. It has been a very special and valuable relationship. Kinnevik has been a vital and close partner that has challenged us to disrupt the Nordic and then international media markets and enabled us to build a unique global entertainment business. We will miss the Kinnevik founding family members, Board Directors and executives with whom we have enjoyed so many historic moments and groundbreaking initiatives, but we look forward to welcoming Kinnevik’s shareholders as new direct owners in MTG and to continuing MTG’s journey together.”

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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’). 

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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 popular entertainment brands span Content Production, TV, Radio and eSports, and are available around the world. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).

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