Stefan Blom is proposed as new Chairman of the Board – and representative of the major shareholder EQT proposed to take a seat on the Board of Storytel AB
In the light of Rustan Panday’s wish, after 11 successful years as Chairman of the Board of the Storytel Group, to resign from the chairmanship and instead continue supporting the development of Storytel as a Director of the Board, the Nomination Committee proposes Stefan Blom as new Chairman of the Board. Due to this – and the nomination of Joakim Rubin as Director of the Board and representative of EQT – Storytel is convening an Extra General Meeting, which has been announced separately today.
Stefan Blom’s long experience from leading positions at Spotify is precisely the background that the Nomination Committee has sought in its work to propose a new Chairman to support the continued success and expansion trajectory of Storytel. In addition, it is proposed to elect Joakim Rubin as a Director of the Board and representative of EQT Public Value, which has recently acquired 6.6 million shares in Storytel AB representing an ownership of close to 10 percent of shares outstanding. Nils Janse, currently Director of the Board, has notified the Nomination Committee that he will resign in connection with the Extra General Meeting.
Rustan Panday, Chairman of the Board of Storytel AB:
“After 11 amazing years as Chairman of the Board I am glad to hand over the baton to Stefan Blom and welcome EQT as a major shareholder. I have always taken pride in recruiting highly qualified people to Storytel and it feels like the right time to rotate assignments within the Board so that its resources are used in the best way. I look forward to continue my journey with the company as Director of the Board”.
The Extra General Meeting will take place on September 23.
A press release with the complete notice was sent out at 08.00 CET today.
FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se or +46 8 528 00 399.
For more information, please contact:
Dan Panas, Head of Global Communications & PR, Storytel AB
Tel: +46 70 186 52 90
Email: dan.panas@storytel.com
About Storytel
Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 700,000 titles on a global scale. Our vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts Förlagsgrupp, People’s and Gummerus. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.