Raketech, the online affiliate and content marketing company has announced that current CFO, Andreas Kovacs, has been appointed a new role as Director of Business Development, while Måns Svalborn will be joining as Chief Financial Officer (CFO).
The purpose is to further improve the implementation of the company’s growing strategy. Måns Svalborn will join the company on November 11, and will initially work alongside Andreas Kovacs, where he will ensure a smith transition into the CFO role.
Måns Svalborn has joined Raketech from the position of CFO at Credorax Bank, where he has been a part of the Maltese bank’s executive management team, while being responsible for financial control and financial operations.
Among previous positions, he has been Head of Group Regulatory Financial Reporting at Nordea, Group Finance Manager at Öhman Group and Senior Auditor at EY. Måns holds an MSc in Accounting and a BSc in Corporate finance, strategy and management.
Andreas Kovacs was appointed as Raketech’s CFO ahead of the company’s listing on Nasdaq First North Premier Growth Market, which was carried out in June 2018. Over the past year, he also headed Raketech’s work to optimise its capital structure while also playing an important role in the company’s efforts in M&A as well as market expansion.
Michael Holmberg, CEO at Raketech said: ”I am very happy to welcome Måns Svalborn as our new CFO. 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.
“All in all, with Måns as new 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.”
While being Director of Business Development, Kovacs will focus on the execution of Raketech’s growth strategy. Most recently it was announced by Raketech that the acquisition of Casumba Media will mark the company’s establishment of operations in the Japanese market. Andreas will remain in the executive management team and continue to report to the CEO.
Andreas Kovacs added: ”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. 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 concluded: ”Andreas has played an instrumental role in professionalising 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.”
As a way ensure an efficient transition of the CFO role, Måns Svalborn will begin his employment at Raketech on November 11 and work alongside Andreas Kovacs until December 1 where he will officially take over as CFO. Andreas will continue to be the main investor relations contact for the company.