Raketech, a leading online associate and content marketing company, announced on Monday 1st October that current CFO Andreas Kovacs has been appointed a new role as Director of Business Development. As per agreement, Måns Svalborn will join up as Chief Financial Officer (CFO). The aim of this reshuffling is to further intensify the implementation of the company’s growth strategy. Måns Svalborn will join the company on November 11, 2019 and will initially work alongside Andreas Kovacs to make sure a smooth transition into the CFO role.
Måns Svalborn currently serves as CFO at Maltese bank Credorax Bank, where he is part of the executive management team and is responsible for financial control and financial operations.
Before that he was head of group regulatory financial reporting at Nordea, as well as group finance manager at Öhman Group and senior auditor at EY. Andreas will continue to be the main investor relations contact for the company.
Kovacs has served as CFO of Raketech since before its listing on the Nasdaq First North Premier Growth Market in June 2018. During his time in the role, he led efforts to improve Raketech’s capital structure while also playing a role in M&A and market expansion.
In his new position as director of business development, Kovacs will fully concentrate on the implementation of Raketech’s ongoing growth strategy, which includes the recent acquisition of Casumba Media.
Kovacs will also remain on the executive management team and continue to report to chief executive Michael Holmberg.
“As CFO, my assignment was to prepare the company for the IPO and since then I have gradually focused more on Raketech’s growth strategy and expansion work,” Kovacs said. “This has become something of a passion, and I am happy to now be able to fully focus on this important task as director of business development.”
Michael Holmberg, CEO at Raketech said:
“I am very happy to welcome Måns Svalborn as our new CFO.”
Further Holmberg added:
“Måns is a highly skilled finance professional with relevant experience across reporting, accounting and audit which will be valuable in the continued development of our finance department. Further he added “Andreas has played an instrumental role in professionalizing our finance department and built the foundation for our public disclosure as a listed company, while at the same time optimising the capital structure and working hard with potential M&A cases. All in all, with Måns as new our CFO and Andreas as director of business development, I am confident that we are in a great position to continue building long-term shareholder value.”
Michael Holmberg concluded:
“Andreas has played an instrumental role in professionalizing our finance department and built the foundation for our public disclosure as a listed company, while at the same time optimising the capital structure and working hard with potential M&A cases. As we are increasing the focus on geographical expansion and other growth initiatives, Andreas identified the need for someone to give this area its full attention. Given his experience, we believe it is optimal to have Andreas entering this role.”
About Raketech Group
Raketech (https://raketech.com/) is a leading online affiliate and content marketing company, with expertise in delivering comparison services for sports and gaming, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier Growth Market with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser: +46 8 4638300 / firstname.lastname@example.org. For more information, visit www.raketech.com.