Malta-based performance marketing company, Catena Media plc (CTM:Stockholm) recently announced that Pia-Lena Olofsson will replace Claes Wenthzel as the firm’s new Chief Financial Officer.

According to the company’s press release, Claes Wenthzel, the current CFO will step down from his position due to family reasons. Currently employed as CFO for a subsidiary of Catena Media, Pia-Lena Olofsson will make the move from CFO of Catena Operations.

Before joining the Ta’ Xbiex-headquartered Catena group, Ms. Olofsson, who has been with the large CAP listed digital bank Collector Bank AB since 2011, served as CFO at Collector Finance & Law AB until October 15, 2017. She was Head of Investor Relations at Collector AB until October 15, 2017 and served as its Chief Financial Officer from 2014 to September 1, 2017, according to Bloomberg.

Ms. Olofsson holds an MBA from Gothenburg University and from Warwick Business School she holds an Executive Master of Business Administration. She will replace Catena Media’s current CFO, Claes Wenthzel, who while is reportedly resigning due to family reasons, will remain with the company until the interim report for January-March 2018. At that time, the role of new CFO will be assumed by Pia-Lena Olofsson.

Commenting on the appointment, acting CEO of Catena Media, Henrik Persson Ekdahl, said, “We are incredibly pleased to welcome Pia-Lena to the team at Catena Media. Her previous experience as CFO in OMX Large-Cap listed companies will be an important asset for us on our continued ambitious growth journey. At the same time, I would like to thank Claes Wenthzel for his time in the company, wishing him all the best for the future. We are happy that we get to keep Claes in the company during a transition period.”

As part of its growth strategy, earlier this month, Catena Media acquired along with all of the online poker traffic comparison website’s related assets for $350,000.