Time Out Group plc Appointment of Chris Ohlund (7922F)
20 Julio 2021 - 1:00AM
UK Regulatory
TIDMTMO
RNS Number : 7922F
Time Out Group plc
20 July 2021
20 July 2021
Time Out Group plc
Appointment of Sven ("Chris") Ohlund to the Board of
Directors
Time Out Group plc ("Time Out") is pleased to announce the
appointment of Chris Ohlund as Executive Vice Chairman of its
Board, with effect from 20 July 2021.
Chris brings with him significant experience with digital
consumer and media companies. Previously he served as Head of
Digital Media of the Blick-Group (a subsidiary of Ringier AG), a
multinational media company with over 7,500 employees globally and
Verivox Group, a German independent online consumer price
comparison service for energy, banking, insurance and telecom
services where he oversaw a tripling of revenues and EBITDA during
his tenure.
Chris has also served on the Boards of large and successful
British enterprises including Parcel2Go (one of the UK's leading
parcel delivery comparison websites) and Residently (a digital
property rental venture).
Peter Dubens, Chairman of Time Out Group plc, commented:
"Chris Ohlund is a highly experienced digital executive with a
track record of achieving growth and innovation in corporate
environments and we welcome him to the board of Time Out. His
entrepreneurial background fits well with Time Out's culture and he
will be of significant value to the Board as we deliver against our
ambitious growth strategy."
Further Information: Disclosure required pursuant to Rule 17 and
Schedule 2(g) of the AIM Rules for Companies
The names of all companies and partnerships of which Chris
Ohlund, aged 57, has been a director or partner at any time in the
previous five years are set out below:
Current directorships or partnerships: Previous directorships or partnerships:
Residently Services (UK) Limited Verivox Schweiz AG*
----------------------------------------
Residently Leasing (UK) Limited Velocity Oldco UK1 Limited
----------------------------------------
Residently Holdings Limited Renaissance Holdco Limited
----------------------------------------
Modest Investments AG Facile.it Topco Limited
----------------------------------------
International Retirement Solutions Facil.it Group Limited
AG
----------------------------------------
Hadlee Bidco Limited (Parcel2Go) Casa.it S.r.l
----------------------------------------
Gigi Operations Ltd
----------------------------------------
*in solvent liquidation prior to dissolution
Chris was a Director at Gateway Computer Denmark ApS between 13
December 2000 and 14 January 2002. In 2001, this company confirmed
closure of all operations in Europe, Middle East and Africa
following which it entered into creditor's voluntary liquidation in
2002 and was subsequently dissolved.
Chris was a Director at Verivox Schweiz AG between 24 May 2017
and 28 December 2018. In 2019, Verivox Schweiz AG ceased trading
operations and has since conducted an orderly wind down. The
dissolution was agreed by the AGM on 24 April 2020.
Chris personally holds no ordinary shares in Time Out.
Save as set out in this announcement, there are no further
details to be disclosed under Rule 17 or Schedule 2(g) of the AIM
Rules for Companies in respect of Mr. Ohlund.
For further information, please contact:
Time Out Group plc Tel: +44 (0) 207 813
3000
Julio Bruno, CEO
Steven Tredget, Investor Relations Director
Liberum (Nominated Adviser and Broker) Tel: +44 (0) 203 100
2222
Clayton Bush / Andrew Godber / Edward
Thomas
FTI Consulting LLP Tel: +44 (0) 203 727
1000
Edward Bridges / Stephanie Ellis / Fiona
Walker
Notes to editors
About Time Out Group plc
Time Out Group is a global media and hospitality business that
helps people explore and experience the best of the city through
its two divisions - Time Out Media and Time Out Market. Time Out
launched in London in 1968 with a magazine to help people discover
the exciting new urban cultures that had started up all over the
city. Today, the Group's digital and physical presence comprises
websites, mobile, magazines, live events and Time Out Market.
Across these platforms Time Out distributes its curated content -
written by professional journalists - around the best food, drink,
culture, entertainment and travel across 328 cities in 58
countries.
Time Out Market is a food and cultural market which brings the
best of the city under one roof: its best chefs, drinks and
cultural experiences - based on editorial curation. The first Time
Out Market debuted in 2014, attracting locals and tourists with
4.1m visitors in 2019. The success of Lisbon brought further
expansion in North America, launching in five major cities
including Miami, New York, Boston, Chicago and Montréal. At the
beginning of 2021, Time Out Market expanded into the Middle East
with Time Out Market Dubai. More Time Out Market locations are in
the pipeline including Prague, Abu Dhabi and Porto. Time Out Group,
listed on AIM, is headquartered in the United Kingdom.
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