Catena Media, a leading iGaming affiliate, has recently announced an important senior-level appointment. The company’s board of directors has appointed Sean Hurley as a non-executive director, filling a role that was vacated by Per Widerström in August. Widerström left to take on the position of chief executive officer at 888 Holdings.
Hurley’s appointment is pending regulatory filings with the Malta Business Registry and will last until the end of the company’s next annual general meeting. Catena confirmed this appointment to bring Hurley onto its board of directors in compliance with the Maltese Companies Act and the company’s articles of association.
This announcement comes shortly after Catena’s divestment of its Italian assets, including casino and sports assets, for a total of $21.7 million. This divestment aligns with the company’s strategic review aimed at strengthening its focus on markets across the Americas.
Hurley expressed his excitement about joining Catena’s board of directors, stating that he is thrilled to contribute to the company’s growth and development, particularly as it strengthens its position as a leading affiliate in North America. He brings over 13 years of experience in the betting and gaming sectors, having held various senior-level positions related to affiliate and business-to-consumer relations, as well as the business-to-business sector.
Catena recently released its Q3 results, which showed a 28% decrease in revenue year-over-year and a 65% decrease in adjusted EBITDA from continuing operations, totaling $3.4 million. Despite these challenges, Hurley is optimistic about the company’s exciting new phase and promising future.