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Jonas Litborn appointed new chairman of Mavshack

At its inaugural meeting, Mavshack's Board appointed Jonas Litborn as new chairman replacing Tobias Fridman. Jonas is an entrepreneur and founder of, among others, Mavshack and has been part of the Mavshack Board since 2014 and before that company's CEO.

Following the Annual General Meeting on May 5, Mavshack's Board, alongside the chairman, consists of Rainier David, Freddie Matta, Esbjörn Nordesjö and Ragnar Krefting.

Rainier David was CEO of Mavshack AB until April and is still CEO of the Philippine production company Ambient Media. Freddie Matta is a entrepreneur and founder of Ambient Media and has previously also been CEO of Mavshack's largest shareholder Global Link.

Esbjörn Nordesjö has been running own companies for 10 years before Esbjörn worked in Ericsson and 3. Ragnar Krefting has run own companies in the last 25 years in sports and advertising in Sweden and China.

Previous Chairman Tobias Fridman says; "When I joined the Board in 2015, the company had just gone through its most turbulent period ever and I am pleased that when I now hand over to a new board, I can both leave a better-performing company and have more sustainable income than when I assumed. In addition, I am confident about how the new board can push for the company's development towards a relevant player in digital entertainment space. "

Mavshack's business idea is to develop digital services focusing on digital entertainment. Our streaming service aims to provide relevant and attractive content in the form of Live Sports, News, TV shows and movies. Via Ambient Media, Mavshack has its own video production and AR as well as localization capacity (dubbing, voice over and subtitle).

May 12th, 2017

For more information please contact
CEO Tommy Carlstedt, Phone +46 8 12451790

This information is information that Mavshack AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:45 CET on May 12th 2017.

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