Spotlio AS – Announces Planned Leadership Transition: CEO to Move to Board Advisor and Spotlio Co-Founder Appointed New CEO
(Oslo, 11 April 2024) Spotlio AS (Spotlio, Euronext Growth Oslo: SPOT), a leader in destination digital technology, announces a planned leadership transition effective 15 April 2024 whereby the current CEO Christian Erlandson will transition to the role of Board Advisor advising the board while the Spotlio co-founder Albert Ferrando will begin serving as the new CEO of Spotlio.
“Digital transformation is fundamentally altering the landscape across industries worldwide, with the swift integration of destination technology propelling this shift at an unprecedented pace,” said Erlandson. "These pivotal shifts have created an extraordinary demand environment for digital infrastructure, and our distinctive advantages create an exceptional long-term opportunity for Spotlio. I am confident that Albert’s capabilities and experience will be deeply additive to our team and our culture, helping us meet the evolving needs of our clients, fuel our growth and unlock the extraordinary power of Spotlio’s platform. I am grateful to our board for supporting my desired transition timeline. I am excited to assume the role as Board Advisor and actively support Albert as he leverages his tremendous experience to extend and expand our market leadership."
With over two decades of experience in the destination technology sector, Albert Ferrando brings a wealth of knowledge and a proven track record to the CEO position. As co-founder and Chief Operating Officer, he led the vision for Spotlio’s product platform and innovation worldwide. His prior roles include senior positions at leading destination technology firms such as Skidata AG and the ELCA Group, further highlighting his extensive industry expertise.
“Since joining Spotlio in 2022 and taking on the role of CEO, Christian has been instrumental in defining the company’s strategic direction and integrating multiple businesses to redefine the destination digital technology landscape. His financial discipline and positive momentum in crucial business areas have paved the way for Spotlio to achieve a positive EBITDA in FY25. On behalf of the board, I would like to express my sincere gratitude to Christian for his vital contributions during his time as CEO,” said Thomas Wrede-Holm, Chair of Spotlio.
“At the same time, we are delighted that we have landed on a leadership transition that facilitates Christian’s ongoing contributions to the company and ensuring a smooth transition with Albert. Clearly, the board is also delighted that Albert has accepted to take on the role as new CEO. We cannot see that we could have found a better candidate than Albert to assume the helm of Spotlio now that Christian is stepping down. Few people, if any, can match Albert’s knowledge of our industry, and we are confident that Spotlio will benefit from his extensive experience in his new role as CEO of the company,” added Wrede-Holm.
Albert Ferrando shared his vision for Spotlio: "In the ever-evolving digital arena, Spotlio stands out with its global reach, unique ecosystems, solid partnerships, and innovative product suite. I trust that my dedication to Spotlio’s mission and experience driving business transformations will position me well to lead the company towards continued innovation and growth. I am excited about the future and the opportunity to build on our strong foundation.”
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Thomas Wrede-Holm, Chair of the board, +4745690339
About Spotlio AS
Spotlio AS is a trailblazing force in destination digital technology, offering tailor-made solutions - from apps to e-commerce, and almost everything in between - that redefine the way consumers interact with resorts, parks, and attractions. With a decade-long legacy of excellence, Spotlio empowers clients with innovative white label digital solutions and pricing services, fostering connections and enhancing experiences on a global scale.