11.4.2024 18:18:37 CEST | Spotlio AS | Additional regulated information required
to be disclosed under the laws of a member state
(Oslo, 11 April 2024) Spotlio AS (Spotlio, Euronext Growth Oslo: SPOT), a leader
in destination digital technology, announces a planned leadership transition
effective 15 April 2024 whereby the current CEO Christian Erlandson will
transition to the role of Board Advisor advising the board while the Spotlio
co-founder Albert Ferrando will begin serving as the new CEO of Spotlio.
"Digital transformation is fundamentally altering the landscape across
industries worldwide, with the swift integration of destination technology
propelling this shift at an unprecedented pace," said Erlandson. "These pivotal
shifts have created an extraordinary demand environment for digital
infrastructure, and our distinctive advantages create an exceptional long-term
opportunity for Spotlio. I am confident that Albert's capabilities and
experience will be deeply additive to our team and our culture, helping us meet
the evolving needs of our clients, fuel our growth and unlock the extraordinary
power of Spotlio's platform. I am grateful to our board for supporting my
desired transition timeline. I am excited to assume the role as Board Advisor
and actively support Albert as he leverages his tremendous experience to extend
and expand our market leadership."
With over two decades of experience in the destination technology sector, Albert
Ferrando brings a wealth of knowledge and a proven track record to the CEO
position. As co-founder and Chief Operating Officer, he led the vision for
Spotlio's product platform and innovation worldwide. His prior roles include
senior positions at leading destination technology firms such as Skidata AG and
the ELCA Group, further highlighting his extensive industry expertise.
"Since joining Spotlio in 2022 and taking on the role of CEO, Christian has been
instrumental in defining the company's strategic direction and integrating
multiple businesses to redefine the destination digital technology landscape.
His financial discipline and positive momentum in crucial business areas have
paved the way for Spotlio to achieve a positive EBITDA in FY25. On behalf of the
board, I would like to express my sincere gratitude to Christian for his vital
contributions during his time as CEO," said Thomas Wrede-Holm, Chair of Spotlio.
"At the same time, we are delighted that we have landed on a leadership
transition that facilitates Christian's ongoing contributions to the company and
ensuring a smooth transition with Albert. Clearly, the board is also delighted
that Albert has accepted to take on the role as new CEO. We cannot see that we
could have found a better candidate than Albert to assume the helm of Spotlio
now that Christian is stepping down. Few people, if any, can match Albert's
knowledge of our industry, and we are confident that Spotlio will benefit from
his extensive experience in his new role as CEO of the company," added
Wrede-Holm.
Albert Ferrando shared his vision for Spotlio: "In the ever-evolving digital
arena, Spotlio stands out with its global reach, unique ecosystems, solid
partnerships, and innovative product suite. I trust that my dedication to
Spotlio's mission and experience driving business transformations will position
me well to lead the company towards continued innovation and growth. I am
excited about the future and the opportunity to build on our strong foundation."
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Thomas Wrede-Holm, Chair of the board, +4745690339
ABOUT SPOTLIO AS
Spotlio AS is a trailblazing force in destination digital technology, offering
tailor-made solutions - from apps to e-commerce, and almost everything in
between - that redefine the way consumers interact with resorts, parks, and
attractions. With a decade-long legacy of excellence, Spotlio empowers clients
with innovative white label digital solutions and pricing services, fostering
connections and enhancing experiences on a global scale.