New chapter for Catena Media as Michael Daly’s departure is announced

Lea Hogg February 28, 2024

SiGMA news

New chapter for Catena Media as Michael Daly’s departure is announced

Michael Daly, the now-former CEO of Catena Media, agreed earlier this week to step down from his position with immediate effect.

This decision was made following careful consideration and consultation with the company’s Board according to company sources.

Pierre Cadena, the vice president of corporate strategy, (in photo above), will assume the role of interim CEO. Daly will remain available to Catena Media during a transition period as the company begins a search for a new permanent replacement.

Daly joined Catena Media in April 2018 and took over as CEO in March 2021. Under his leadership, Catena Media became an active player in North America. The company significantly reduced its debt and streamlined the organization during a strategic review. However, with the company facing lower growth, a number of expansion initiatives have been started. As Catena Media embarks on this crucial stage, new leadership is being sought to drive these initiatives and move the company into its next chapter.

Catena Media is a Stockholm-listed online gaming affiliate. The company was founded in 2012 and has a presence across multiple geographical markets, with a primary focus on the Americas as well as a significant footprint in Asia-Pacific and Europe. Catena Media operates in the online sports betting and casino gaming sector. The company creates content-rich websites that help users navigate the complex world of online sports betting and casino gaming.

The departure of Michael Daly marks the end of an era for Catena Media. His leadership has played a significant role in the company’s growth and success in North America. As the company faces its reduced growth, it is actively rolling out several strategic initiatives and actively scouting for fresh leadership to propel these endeavours forward.

In the face of decelerating expansion, Catena Media is embarking on a series of ambitious growth strategies, all while scouting for dynamic leadership to spearhead these ventures. This phase of metamorphosis is pivotal for the company as it gears up for its forthcoming journey. The destiny of Catena Media will be sculpted by the vision of its future leaders and the strategic choices they will make. As we stand on the brink of this new era, the anticipation is palpable, underscoring the significance of this transformative period in shaping the company’s trajectory.

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