Better Collective Proposes Boeskov and Rechtman as Board Members
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Better Collective, an affiliate group, has put forth a proposal to add industry veterans Britt Boeskov and René Rechtman to its board of directors. The motion, recommended by the business's nomination committee, will be discussed at an extraordinary general meeting (EGM) scheduled for August.
Boeskov brings more than 20 years of experience in the gambling industry, having served in various senior roles. She briefly served as the Senior Vice President of Strategy at Better Collective and spent the majority of her career at Kindred Group, where she held positions such as Chief Experience Officer, Chief Operating Officer, and Chief Programme Officer.
Rechtman currently holds the position of Chief Executive at Moonbug Entertainment, the company behind the popular children's entertainment brand "CocoMelon." He previously worked as the Head of Non-linear Media for The Walt Disney Company International and has had experience with companies like Maker Studios, Goviral, and TradeDoubler.
Jens Bager, Chairman of the Board at Better Collective, expressed satisfaction with the nominations, stating that attracting candidates of their caliber and experience is crucial for the company's vision to become the leading digital sports media group. The appointments aim to strengthen the board's media competencies and support the company's transformation processes.
Better Collective also announced that Klaus Holse will step down from the board after the EGM. Holse has been a valuable contributor on strategic matters, including the company's IPO, M&A activities, and the development of its new vision, during his six-year tenure.
The proposal comes as Better Collective upgraded its full-year financial guidance for the second time in two months, following positive developments. The company now expects to achieve revenue between €315 million and €325 million for the 12 months ending on December 31, indicating a year-on-year growth of 17% to 21%. The guidance was raised from the previous range of €305 million to €315 million, which was already increased from €290 million to €300 million after the acquisition of advertising company Skycon Limited.
Better Collective also raised its earnings before interest, tax, depreciation, and amortization (EBITDA) before special items guidance to a range of €105 million to €115 million, reflecting a year-on-year increase of 24% to 35%. This adjustment followed the previous range of €95 million to €105 million set after the Skycon acquisition, with the initial guidance set at €90 million to €100 million.