Current VP of Finance at Catena Media, Michael Gerrow, will assume his new role as company CFO on April 15 2024.
Gerrow’s 15 years of industry experience extends over the iGaming, marketing and health sectors. Currently, his role as VP Finance entails leading the company’s financial planning and analysis. Within this new role, his responsibilities are set to extend to overseeing the enhancement of Catena’s current operating model and financial position.
Recently, Catena Media reported a 41% revenue decrease in Q4 2023 and a 22% fall for FY2023. Former CEO, Michael Daly, addressed these financial results by explaining that Q4 of 2023 had been a period of significant investment for Catena Media, and that these new investments would lead to improved figures in the long run. Daly stepped down from his post as CEO in February.
Interim CEO Pierre Cadena commented on Gerrow’s appointment, stating, “We are delighted to see Michael step into the role of Group CFO. His extensive experience and deep understanding of our financial operations make him exceptionally well-suited to lead our financial operations going forward.
"Michael’s transition to this role will provide strategic continuity in our executive management team, supporting Catena Media as we continue on the next phase of our journey.”
Gerrow’s announcement as CFO is the latest move in a period of restructuring for Catena, as Manuel Stan has been appointed as the new CEO, a position he will officially assume on July 1.
Stan and Gerrow will hope to use their combined experience and expertise to steady the ship as Catena presses on through 2024.
