Changes in Aspiro's management

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Aspiro today signed a new agreement with the current CFO Peter Tonstad, to take over as CEO of the company from the first of December. The company's Head of Accounting, Jorgen Carlsson, is temporarily appointed in the role as CFO.

As previously announced, the current CEO Gunnar Sellæg is leaving the company at the end of the year.

Peter Tonstad joined Aspiro in april 2010 and has besides CFO also been head of the business area Mobile Solutions, which was divested. Tonstad has over fifteen years of experience in senior positions in the IT and media sector from companies including Edda Media / Mecom, Tarantell, NHST Media Group, Thomson Financial and Reuters.

"We are delighted that Tonstad decided to accept the role of leading Aspiro forward. He has delivered good results in various leadership roles within the company in the past and now we look forward to further cooperation," says Aspiro's Chairman of the Board Trond Berger.

"It will be very exciting to take over as CEO of Aspiro, with its dedicated units for music and television. The new share issue has now been completed and with Streaming Media as a strategic owner, everything is in place for further development of the company for the benefit of all shareholders. WiMP continues its international expansion and TV is working towards further growth and profitability," says Peter Tonstad.

Aspiro's management team will up until the first December consist of  Gunnar Sellæg, Peter Tonstad and Espen Lauritzen.

This is information that Aspiro AB (publ) is required to disclose under the Securities Exchange and Clearing Operations Act and or the Act on Trading in Financial Instruments. The information was submitted for publication on October 18 2012 at 08.30 am.

For inquiries, please contact: Gunnar Sellæg, CEO, +47 901 81 528
, gunnar.selleg @ aspiro.com, Peter Tonstad, CFO/CEO from 1. Dec., +47 48 17 61 02, peter.tonstad @aspiro.com or Trond Berger, Chairman of the Board, +47 23 10 66 95, trond.berger @ schibsted.no

Aspiro in Brief
Aspiro is a leading streaming company with its primary focus on the WiMP music service and video services delivered to partners. WiMP is delivered direct to consumers and through partners such as operators and TV distributors. With WiMP, Aspiro is thinking globally but working locally, with editorial services and in-house teams tailoring the service for each country. Aspiro has 14 years’ experience of digital services and is a growth company with high ambitions. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm.

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