Media and Games Invest SE announced Ionut Ciobotaru will be promoted to Chief Product Officer (CPO) and Sameer Sondhi as Chief Revenue Officer (CRO). Ionut joined MGI in 2019 and Sameer in 2020; both have long term experience in the digital advertising market. Ionut and Sameer will hold these roles in addition to serving in their current roles as Co-CEOs of MGI's ad-tech arm, Verve Group, and together, they have been responsible for the growth of Verve Group's highly successful programmatic advertising business.

Their promotions within MGI reflect its gradual development into an ad software platform. Apart from their respective CPO and CRO roles, as Co-CEOs, Ionut and Sameer will also further be responsible for the management of MGI's ad software platform. Ionut's focus as CPO will be on product innovation and building competitive advantages for MGI, including developing and improving innovative privacy-first advertising solutions, such as ATOM, Moments A.I. and Hybid Cloud.

Sameer's focus as CRO will be on MGI's B2B revenue generation, further developing the Company's advertiser and publisher sales activities, as well as being responsible for running MGI's media business.