Schibsted reorganizes and steps up in Product and Tech

Schibsted ASA (SCHA/SCHB) , Published 24/11/2015 13:00:00

Today Schibsted Media Group presents a new organization with new geographies and stronger global functions that will enable us to deliver even better products to our users and customers – and at the same time strengthen our Ecosystem strategy.

The new organization model will be simple and transparent, with clear accountability for P&L along a geographical dimension. At the same time, the new organization will have Product and Technology as new global functions across the geographies.

The strategy of Schibsted remains unchanged; to be a global leader in online classifieds, to develop world-class media houses and develop new growth services.

The geographies in Schibsted’s new organizational model will be the following:

  • Norway
  • Sweden
  • Europe, Established Sites (France, Spain, Italy and Austria)
  • Emerging markets (all other countries)

The leaders of each geography will report to the CEO. The new model implies that the Online classifieds operations in Norway and Sweden, respectively, in the future will be managed as part of its geographical units.

The members of Schibsted’s new Group management team will be the following: Rolv Erik Ryssdal, CEO, Didrik Munch, EVP Norway, Raoul GrĂ¼nthal, EVP Sweden, Gianpaolo Santorsola, EVP Emerging Markets, Sondre Gravir, EVP Europe, Established Sites, Trond Berger, EVP Chief Financial Officer, Tina Stiegler, EVP People, Change and Strategy, Rian Liebenberg, EVP Chief Technology Officer, Terje Seljeseth, EVP Chief Product Officer, and Lena K Samuelsson, EVP Communications & CSR.

Frode Eilertsen will take a new position in the Group as head of a new strategic project for, aiming to set up a “unicorn-lab” that can identify, fund, build and roll out unicorn-caliber growth ventures. Christian Printzell Halvorsen will remain in his position as SVP Marketplace Products, based in Barcelona.

The new reporting structure will be effective starting in Q1 2016, and comparable historical figures will be provided in due time before the Q1 2016 report.

More information about the new organizational structure and Group management team is available on www.schibsted.com.

Contact persons:
Trond Berger, EVP CFO. Mobile: +47 916 86 695
Jo Christian Steigedal, Head of IR. Mobile: +47 415 08 733

Oslo, 24 November 2015
SCHIBSTED ASA

Jo Christian Steigedal
Head of IR

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.