Øystein Engebretsen Leaves Catena Media Due to Potential Conflict of Interest
After more than six years as a member of Catena Media’s board, Øystein Engebretsen is departing from the company. His resignation is prompted by a potential conflict of interest related to his connections with an AI firm.
Changes in Catena Media’s Board
Øystein Engebretsen is an investment manager at Öresund, which invests in several companies, including the AI firm Turbotic. Recently, Turbotic established a strategic partnership with Catena to develop an AI content project named Mezmer.
This led to speculation that Engebretsen’s ties with Turbotic could result in financial decisions that might not be in the best interest of the affiliate group.
Within the board, disagreements reportedly emerged over whether Engebretsen’s and Öresund’s connections actually represent a conflict of interest for the organization.
Ultimately, Engebretsen is leaving the company, and he will be succeeded by Stephen Taylor-Matthews.
Transformation Phase for Catena
Chairman of the Catena Media Board Erik Flinck said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
“Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight,” added Taylor-Matthews.
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