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Storytel Appoints Johannes Larcher as New CEO and Announces Proposed Board Changes

Stockholm, August 25, 2022 /PR Newswire/ — In order to achieve the company’s growth objectives and lead the execution of its strategy and operations, the Board of Directors of Storytel AB (“Storytel”, the company) today announces the following appointments: Johannes Lurcher as CEO. Johannes brings extensive experience in the media and content industry, most recently he headed HBO Max International.Johannes takes on his new role October 1, 2022In addition, Storytel’s board of directors has decided to seek EGM to approve the nominating committee’s proposal for appointment. Jared Gulsud, Lina Broneus When Lutz Finger As a new member of the Board of Directors, he will further strengthen the company in its next phase of growth and development.

Johannes Lurcher Over 20 years of experience in the streaming and media industry. In his most recent role as Head of HBO Max International, he planned and led the launch of his HBO Max in 60 countries. latin america When Europe I was in charge of managing Warner Bros. Discovery’s flagship D2C streaming service and his over 28 million subscribers abroad usaA dual American-Austrian citizen, Lurcher holds a master’s degree from the Austrian University of Music and Arts. Vienna He holds a master’s degree in business administration from the Wharton School of Business. University of PennsylvaniaHe is a member of the International Academy of Television Arts and Sciences.

“I am delighted to announce my next appointment. Johannes Lurcher As Storytel’s new CEO. He is the perfect fit to lead the company through its next phase of growth and international expansion. Johannes brings market-leading expertise in content, growth and marketing, managing and scaling direct-to-consumer subscription streaming services.” Hans Holger Albrecht, Board chairman. “Ingrid Boyner will remain a member of the management team and I would like to thank her for her excellent work as Acting CEO.”

“The power of story is more evident than ever. Storytel has built an impressive service that seamlessly connects millions of listeners to their favorite authors and is the leader in audio entertainment in the Nordics and beyond. We are excited to build on this achievement and, together with our amazing team at Storytel, will help Storytel grow and expand, connecting even more listeners with the stories that move the world.” said the incoming CEO. Johannes Lurcher.

“Storytel is an amazing company on an exciting path of change towards scalable growth and I look forward to welcoming you. Johannes Lurcher Joining Storytel, we will continue to shape the audiobook market of the future.” Ingrid BoynerActing CEO.

Storytel’s nominating committee today notified the company that it has decided to propose changes to Storytel’s board of directors. As a new Director, the Nominating Committee proposes: Jared Gulsud, Lina Broneus When Lutz FingerNew board members are proposed to replace Rustane PandeyJonas Sjögren, Richard Stern. Rustane Pandey He will remain an Advisor to the Board of Directors and Chairman of Storytel Books.

Jared Gulsud is a longtime digital media executive who has held executive positions at SNAP, Spotify and Google. Grusd is currently Chief Strategy Officer at Chime, a financial technology company.he is an adjunct professor Columbia Business School Advisory Board Member and Law Lecturer University of Chicago law school. He holds a master’s degree in business administration. Columbia Business School Juris Doctor degree University of Chicago Graduated from Law School and Bachelor’s Degree University of Pennsylvania.

Lina Broneus He has extensive experience in growth strategy, business development and international expansion, as well as a strong track record in the European and US media industry. She is currently Director of Film Acquisitions EMEA for Netflix and has been instrumental in building the Netflix presence and team. Europe, middle east When AfricaShe was previously Chief Content Officer at Viaplay and has held several key positions at MTG AB’s Modern Times Group. Brouneus holds a master’s degree in corporate and financial management. Lund University.

Lutz Finger A respected technologist and data scientist with a diverse background in building innovative technology platforms for companies such as Google, Linkedin and SNAP. Currently, Finger is President of Product Development at Marpai Inc. He holds a master’s degree in business administration from INSEAD and a master’s degree in physics from the National Institute of Technology. Berlin.

“We are pleased to welcome Jared Gulsud, Lina Broneus When Lutz Finger to the Storytel Board of Directors. Together they bring a combination of strategic insight and a proven track record in bringing international digital media businesses to market, global content strategy and leveraging the value of data through technology. The new board members have been carefully selected to ensure that the board can accompany and support management in the best possible way in Storytel’s next chapter.” Hans Holger Albrecht, Board chairman. “On behalf of the Board, I would also like to thank Rustane PandeyJonas Sjögren, Richard Stern For significant contributions to the company. ”

“The quality of talent announced today is a testament to the exciting prospects of Storytel’s continued growth journey in the rapidly developing global audiobook market. The opportunities are compelling and the new team is even better positioned to help the company lead and define the market.” Hans Holger Albrecht.

The Board of Directors resolved to call an Extraordinary General Meeting. September 22ndto approve proposed changes to its Board of Directors and issue warrants as part of its Performance-Based Restricted Stock Unit (“RSU”) program Johannes Lurcherpromotes Storytel’s CEO’s shareholdings and ties the interests of the CEO and shareholders together. Johannes Lurcher It also pledged to invest in Storytel stock to further align its interests. A separate notice to EGM with additional details will be released.

For more information, please contact:

Andreas LindblomHead of Investor Relations
Phone: +46 72 506 14 22
Email: andreas.lindbrom@storytel.com

Dan PanasHead of Global Communications & PR
Phone: +46 70 186 52 90
Email: dan.panas@storytel.com

This information is required by Storytel AB (publ) to be disclosed pursuant to the EU Market Abuse Regulation (EU nr 596/2014). This information was provided by Cision through the agency of the contact person identified above at the time of this press release.

FNCA Sweden AB is the company’s authorized advisor. FNCA can be contacted at info@fnca.se or +46 8 528 00 399.

About Storytel
Storytel is one of the world’s largest audiobook and e-book streaming services, offering over 1 million titles worldwide. Our vision is to make the world a more empathetic and creative place, where great stories can be shared and enjoyed with anyone, anywhere, anytime. The streaming business within the Storytel Group is under the brands Storytel, Mofibo and Audiobooks.com. The publishing business is managed by Storytel Books and audiobook publisher StorySide. Storytel Group operates in over 25 markets.Head office location Stockholm in Sweden.

This information was provided by Cision http://news.cision.com.

https://news.cision.com/storytel/r/storytel-appoints-johannes-larcher-as-new-ceo-and-announces-proposed-changes-to-the-board-of-directo,c3620641

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