Catena Media Appoints Eric Eiton as Interim CFO

Catena Media has designated a known individual, Eric Eiton, as their temporary Chief Financial Officer. Eiton formerly occupied the identical role at Catena Media from 2019 to 2020. He’s replacing Peter Messner, who declared his departure earlier this year and will exit in June following a transition phase. Eiton’s return date is May 23rd.

This is not Eiton’s first time around. He’s a seasoned financial expert with more than 16 years of expertise in both private and public entities, including major players like ICA Gruppen and EQT. Lately, he’s been engaged as a strategic consultant within the global media sector. His qualifications are impressive, holding a Master’s degree in Business and Economics specializing in Financial Accounting from Uppsala University.

Michael Daly, Chief Executive Officer of Catena Media, conveyed his trust in Eiton, emphasizing his vast background and knowledge of the company as beneficial resources for the executive leadership team.

This news follows Catena Media’s recent three-year collaboration with Lee Enterprises. This strategic action broadens Catena Media’s footprint into new US states such as Missouri, Texas, Minnesota, Alabama, and North Carolina. As part of the agreement, Catena Media will oversee all of Lee Enterprises’ brands, including their primary website, frontpagebets.com.

Catena Media is enjoying a period of prosperity, reporting positive 2022 outcomes with a 7% revenue surge, reaching €1.101 billion (or £96 million).

At the beginning of the year, GiG Group strengthened its position in the internet gaming market by purchasing a number of well-known websites from Catena Media. This calculated maneuver involved obtaining top-tier platforms such as Askgamblers.com, Johnslots.com, and newcasinos.com, in addition to a few lesser-known sites.