Catena Media non-executive director Per Widerström is to step down from the board of directors after taking up a new role as CEO of 888 Holdings.

888 Holdings is the parent company for a range of internationally renowned brands in the fast-growing betting and gaming industry. In 2022, it acquired William Hill.

Mr Widerström, who was elected to the board in May 2019, is leaving Catena Media’s board with immediate effect.

Göran Blomberg, chairman of the board, said: “Per’s extensive experience and in-depth industry knowledge have greatly benefited the board’s work and the strategic direction of Catena Media.

On behalf of all stakeholders, we express gratitude for his contributions and wish him every success in his new role.”

The board of directors will continue with six members until the 2024 annual general meeting.

Commenting on his new role with 888 Holding, which was initially announced last week, Mr Widerström had remarked:

“I am delighted and honoured to become the Group’s new CEO. Following 888’s combination with William Hill, the Group has a world-class portfolio of betting and gaming brands, an outstanding technology platform, and an exceptional team. Together these attributes mean it is exceptionally well positioned to become a clear global industry leader.

“It is incredibly exciting to be joining at such a key moment in the Group’s long-term development. 888 has a clear and attractive opportunity ahead of it and I am very much looking forward to getting started and working with the rest of the team to build on the strong progress already made and achieve the Group’s full and very exciting potential.”

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