Readly International AB (publ) announced that in agreement with the company's board, Mats Brandt is leaving his role as CEO. The board has decided to appoint Philip Lindqvist as the new CEO as of May 31, 2023. Philip Lindqvist has extensive experience from leading positions in media, content and digital subscription services.

Philip was previously head of the streaming service C More, and head of strategy and distribution at TV4, C More and Finnish MTV. He has a background from The Boston Consulting Group and works as an advisor and investor. Mats Brandt assumed the role of acting CEO of Readly in January 2022 and was appointed permanent CEO in May of the same year.

Under his leadership, the company has shown good revenue growth, record high margins and is well on its way to profitability. Mats Brandt's last day as CEO is May 31, 2023 and will continue to be at the disposal of the Board during the notice period.