Raketech names Svalborn as new financial chief

Raketech names Svalborn as new financial chief

Performance marketing specialist Raketech has appointed Måns Svalborn as its new chief financial officer after Andreas Kovacs stepped aside from the role to become its director of business development.

Published 2nd October 2019

Svalborn, currently CFO at Maltese bank Credorax Bank, will join on November 11 and initially work with Kovacs in the role.

Kovacs has been CFO at Raketech since before its listing on the Nasdaq First North Premier Growth Market in June 2018.

In his new role, Kovacs will focus on Raketech’s ongoing growth strategy, which includes the recent acquisition of Casumba Media.

Kovacs will also remain on the executive management team and continue to report to chief executive Michael Holmberg.

“As CFO, my assignment was to prepare the company for the IPO and since then I have gradually focused more on Raketech’s growth strategy and expansion work,” Kovacs said. “This has become something of a passion, and I am happy to now be able to fully focus on this important task as director of business development.”

Holmberg added: “Måns is a highly skilled finance professional with relevant experience across reporting, accounting and audit which will be valuable in the continued development of our finance department.

“Andreas has played an instrumental role in professionalising our finance department and built the foundation for our public disclosure as a listed company, while at the same time optimising the capital structure and working hard with potential M&A cases.

“All in all, with Måns as new our CFO and Andreas as director of business development, I am confident that we are in a great position to continue building long-term shareholder value.”