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Schibsted reorg

Big reshuffling for Schibsted NEXT

One of the biggest publishing houses in the Nordics, has announced a big re-org and refocusing of their business area.

Schibsted Next is going to be divided into several distinct focus areas, with closer ties to the Group Executive Management team. The changes will be effective as of 01 July.

“The new organizational model is all about matching businesses that can make each other better, while at the same time giving all our businesses the focus and direction they need to grow. In addition, the organizational structure allows for even more transformational growth in the future, and we will continue to develop this growth agenda going forward,” CEO Kristin Skogen Lund says.

Christian Printzell Halvorsen, CEO of Norwegian marketplace FINN, is being promoted to EVP Nordic Marketplaces, undertaking the principal responsibility for carrying through the transformation into next generation marketplaces, strengthening the strategic cooperation across the various marketplaces, as well as taking on new responsibilities connected to Distribution and Ecommerce. Schibsted announced that they will start the process to recruit a new CEO for FINN, but nothing is mentioned for the Swedish ‘sibling’ Blocket, where its CEO, Pernilla Nilsson just announced her leaving.

Schibsted is forming a new business area, Financial Services and Venture, that will be headed up by EVP Dan Ouchterlony. The new business area will be based on the current Next portfolio excluding Distribution and Ecommerce. This will deepen Schibsted’s drive in Financial Services and continue the commitment to venture investments, which are both important growth areas for Schibsted.

Schibsted has also initiated the recruitment process for a new Chief Investment Officer level position in the Group Executive Management team to take responsibility for the growth investments strategy and drive these opportunities.

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