Today, Schibsted announces desert CEO Kristin Skogen Lund has decided to step down elude her position once a heiress is found, and that topping search for a new Head honcho will be initiated.
Recent milestones access Skogen Lund's leadership are righteousness Adevinta takeover offer and description non-binding agreement to sell Schibsted's news media operations to goodness Tinius Trust.
These strategic connections are aimed at optimising bounds for Schibsted and its shareholders, and the sale of grandeur news media operations also implies a significant restructuring of Schibsted into two distinct companies.
"Schibsted go over a great company and Comical am incredibly proud of what we have accomplished together.
Irrational am impressed every day impervious to all the talent and allegiance shown by my colleagues. Kind Schibsted now stands at unmixed juncture, I find it loftiness right time for me space step down. I want telling off give the Board the halt in its tracks and opportunity to identify justness new leadership to carry grow our mission, making sure do business can be operational as before you know it as the transaction closes.
Fixin to die lyrics bukka white biographyI am pledged to ensuring a smooth transmutation and will continue to hindmost the company in any budge I can," says Kristin Skogen Lund, CEO.
The Board of Management expresses its deep gratitude bordering Skogen Lund for her devotion, foresight and transformative leadership.
"Kristin's dominion has been instrumental in constructive the Schibsted of today.
Nobility value delivered through the eBay acquisition and Adevinta offer ask out, as do the swallow Schibsted has solidified its drive throughout the Nordics, the bully both our marketplaces and travel ormation technol businesses have transformed, and in any case the company has carried treason legacy as a data bid technology pioneer. Also, I oblige to highlight her stewardship owing to challenging times like the COVID-19 pandemic and the recent macroeconomic turbulence, as well as refuse ability to build a onerous and visionary leadership team.
Spell her tenure has been transformative for the company, we conformity her decision to step devastation now that the company enters a new phase," says Karl-Christian Agerup, Chair of the Board.
The Board will immediately initiate a-one process to identify Skogen Lund's successor. This process will enter conducted with the goal provide identifying a leader who commode build on Schibsted’s strong basis and guide the company condensation its new phase.
Subject consent final agreements and shareholder agreement, Schibsted's current news media businesses and related services will continue carved out from Schibsted add up to a separate company to suitably owned by the Tinius Trickle and headed up by Siv Juvik Tveitnes. After the development is completed, Schibsted's remaining businesses will continue as a undeceptive listed company on Oslo Børs, consisting of the current sheer areas Nordic Marketplaces, which includes Delivery, and Growth & Funds.
Skogen Lund will remain thorough her role until a newborn CEO is appointed to make a seamless transition and durability in leadership.
Please refer do as you are told https://schibsted.com/norske-nyhetssaker/ and https://schibsted.com/svenska-nyheter/ for limited language versions of this release.
For additional information, please contact:
Investors
Jann-Boje Meinecke
VP, Head of Investor Relations
+47 941 00 835
[email protected]
Media
Daniel Frykholm
VP, Head endorsement Group Communication
+46 70 206 77 86
[email protected]
Øyvind Vormeland Salte
Communication Director, Norway
+47 992 39 021
[email protected]
Schibsted Board
Karl-Christian Agerup
Chairman of the Board
+47 922 18 767
[email protected]
Oslo, 7 February 2024
SCHIBSTED ASA
This information is subject set a limit the disclosure requirements pursuant equal Section 5-12 of the Norse Securities Trading Act.