STOCKHOLM, Sweden — Modern Times Group MTG AB’s (MTG) today announces changes to its executive management. Lars Torstensson has decided to step down from his position as CFO at his own request due to personal and family reasons but will remain with the company as EVP Communications & IR and continue to serve on the Executive Management Team.
MTG’s CFO and EVP Communications & IR Lars Torstensson, has decided to step down from his current position as CFO at his own request due to personal and family reasons. However, he will remain in the role of EVP Communications & IR and continue to be part of the Executive Management Team of the company.
Maria Redin, comments: “Lars and his family are currently going through a difficult time, with a family member being treated for a serious illness. As a company we want to support him and are pleased that his valuable expertise will continue to be present within the MTG Group as he assumes his new role. We are beginning the recruitment process for a new CFO, who can join us in driving and leading our financial department and become a valued member of the Executive Management Team as the company continues to grow.”
Until a new CFO has joined the company, Lars will maintain his CFO responsibilities with the support of Group President and CEO Maria Redin.