Recently, Malta-headquartered Catena Media plc announced that Michael Daly has stepped down as CEO, “following careful consideration and consultation with the board.”
Mr Daly’s resignation took immediate effect, and Pierre Cadena, Vice President of Corporate Strategy, has assumed the role of interim CEO. Despite this, Mr Daly will remain available to Catena Media during a transition period.
Meanwhile, Catena Media has started the recruitment process for a new CEO immediately.
Mr Daly joined the company in 2018 as a General Manager in the US branch and later progressed to General Manager in the Americas.
He further climbed the ladder and was promoted to Catena’s Vice President of North America. This was followed by his promotion to CEO in March 2021.
Mr Daly has a Bachelor of Science in Mechanical Engineering from Massachusetts Institute of Technology (MIT) and an MBA from University of Utah – David Eccles School of Business.
The Chairman of the Board of Directors of the company, Göran Blomberg, remarked that under Mr Daly’s leadership Catena Media “became an active player in North America and with the actions taken during the strategic review, [it] has significantly reduced [its] debt and streamlined the organisation.”
“With the company facing lower growth, we have started to implement a number of growth initiatives. As we embark on this crucial stage, we are seeking new leadership to drive these initiatives and move Catena Media into the next chapter,” he concluded.
Catena Media operates in the online sports betting and casino gaming industry, spanning a presence across different markets. Its primary focus is on the Americas, in addition to Asia-Pacific and Europe. It has five physical offices in Malta, Sweden, Italy, Japan, and the UK.
Social Image: Michael Daly / LinkedIn and Catena Media / Facebook
Featured Image:
Outgoing CEO Michael Daly / LinkedIn
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