Catena Media Confirms CFO Peter Messner Plans to Step Down

Details about the latest announcement emerged Wednesday and according to Catena Media, Messner is expected to leave from his current position within the next six months. In the meantime, the company confirmed it has already started the process of recruiting a new chief financial officer.

Michael Daly, Catena’s CEO, explained that amid the growing presence within the North American market, the company acknowledged it needs to transition to a new financial leader. Still, the CEO commended Messner for his dedication and hard work which helped the company significantly. Finally, Daly thanked Messner for his relentless efforts and leadership.

“Given our closer focus on the North American market, we have agreed that this is the right time to make a transition in our financial leadership. Peter has contributed hugely to our recent successes, and we thank him sincerely for his efforts.“

Michael Daly, CEO at Catena Media

It is yet to be confirmed who will fill the position of Messner. Still, Catena confirmed that within six months, he will step down from his role to pursue a career that is outside of the casino and sports betting vertical.

The recent announcement comes amid another important move within the financial vertical completed by the company recently. Early in January, Catena joined forces with Carnegie Investment Bank AB. Per the terms of the deal, Carnegie was named a financial advisor for the company.

More recently, Catena posted its preliminary Q4 2022 results, reporting strong growth in North America. This came as no surprise considering that the region is a primary market for the company. Judging by the recent results, Catena’s revenue from the region increased to $16.4 million, up by 31%.