Sweden's Storytel proposes Hans-Holger Albrecht as new chairman

Modern Times MTG AB

21/01/2022 07:09

STOCKHOLM, Jan 21 (Reuters) - Swedish audiobook streaming
group Storytel  STORYb.ST  has proposed Hans-Holger Albrecht as
new chairman after Stefan Blom decided to step down, it said
late on Thursday.
    Albrecht, 58, has held several top positions in the media
industry, including in music streaming service Deezer, telecoms
operator Millicom  MICC.F  and e-sports and gaming firm MTG
 MTGb.ST .
     Storytel, which has 1.8 million subscribers in over 25
markets with around 700,000 titles globally, said in November it
had agreed to buy Audiobooks.com, marking its entry into the
U.S. market.  urn:newsml:reuters.com:*:nL8N2S32H1
    "Hans-Holger Albrecht has a strong track record in
the media industry as well as proven experience from
international expansion," Lars Bergkvist, chairman of the
Nomination Committee, said in a statement.
    Blom said that with the acquisition of Audiobooks.com a "new
chapter" had begun for Storytel, in which private equity firm
EQT  EQTAB.ST  owns a 9.7% stake. 
    "After considering my overall portfolio, I have decided to
step down from this role to leave more room for my other
engagements," he said.

 (Reporting by Helena Soderpalm; Editing by Simon Johnson)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))