M.O.B.A. announces new CEO and strengthens the Group Management

M.O.B.A. Network AB (Plc) is pleased to announce the appointment of Anders Ribbing as its new CEO, in alignment with the strategic review shared earlier. Anders will assume his role by June 24, 2024. Meanwhile, Björn Mannerqvist, co-founder and outgoing CEO, will continue to propel M.O.B.A.'s success as COO.

Anders Ribbing comes most recently from a role as CCO (Chief Commercial Officer) at Everysport Group (publ) and has a long experience of successfully leading businesses based on digital products and services. His diverse background includes key positions at major firms, including the TV4 Group, and achievements as a strategy consultant, CEO, and entrepreneur with notable exits. Anders is well acquainted with the company's current business model and has a broad experience of evaluating and applying new business models.

In his new capacity as COO, Björn Mannerqvist will concentrate on enhancing the company's SEO and AI investments, alongside spearheading existing and emerging business initiatives.

"We are pleased with the recruitment of Anders Ribbing as CEO of M.O.B.A. Network. We look forward to his leadership, strategic vision and ability to explore new growth areas to contribute to the company's growth and profitability. We are also convinced that the fantastic work Björn has done with the company, during his six years as CEO, has created a good foundation for continued development of the company. We are convinced that Björn's unique competencies will develop the group in the role as COO", says Fredrik Burvall, Chairman of the Board.

"I am grateful for the trust to take on the role as CEO of M.O.B.A. I see great opportunities to continue to improve our advertising business and diversify the business with new revenue streams. M.O.B.A. has a differentiated and well-known product portfolio with a huge amount of traffic that we will further develop together. I'm eager to collaborate with Björn, our management team, board of directors, and stakeholders to steer M.O.B.A. towards a thriving future ", says Anders Ribbing.

"I look forward to working closely with Anders and having more time to develop the business in my new role. We have been a small team for a long time and with additional strength and expertise in the company, I look forward to continuing to develop the company in the role of COO", says Björn Mannerqvist.

The Board of Directors eagerly anticipates working with Anders and Björn in their new roles and is confident that their leadership and complementary areas of expertise will be crucial to the company's continued success.

This disclosure contains information that M.O.B.A Network AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 18-03-2024 09:30 CET.

Stockholm 2024-03-18

Fredrik Burvall, Chairman of the Board
[e-mail], [phone]

Mail: [e-mail]

Web: https://wearemoba.com

Certified Adviser - FNCA Sweden AB

M.O.B.A Network AB acquires, develops and operates gaming communities for the global gaming market. The company owns one of the world's largest networks in gaming communities, with 20 web-based global brands and the YouTube network Union For Gamers (UFG) with over 1,000 content creators. The company's business areas consist of advertising sales on the company's communities and video sales via the YouTube network.

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