GDEV Aligns Leadership as Founder and CEO Andrey Fadeev Appointed Chairperson of the Board
GDEV Inc. (NASDAQ: GDEV) announced a significant leadership change with founder and CEO Andrey Fadeev being appointed as Chairperson of the Board, effective immediately. This strategic move aims to strengthen alignment between strategic oversight and operational execution.
Current Independent Chairperson Natasha Braginsky Mounier will step down and depart from the Board, receiving a severance payment for her services. The Board will maintain its independent majority with three out of five directors serving as independent members. Board committee reassignments include Tal Shoham joining the Audit Committee and Marie Holive joining the Nomination and Compensation Committee.
The company emphasizes this transition as part of its strategy to accelerate decision-making and capitalize on market opportunities while maintaining strong corporate governance standards.
GDEV Inc. (NASDAQ: GDEV) ha annunciato un significativo cambiamento nella leadership, con il fondatore e CEO Andrey Fadeev nominato Presidente del Consiglio di Amministrazione, con effetto immediato. Questa mossa strategica mira a rafforzare l'allineamento tra la supervisione strategica e l'esecuzione operativa.
La Presidente Indipendente attuale, Natasha Braginsky Mounier, si dimetterà e lascerà il Consiglio, ricevendo un'indennità per i suoi servizi. Il Consiglio manterrà la sua maggioranza indipendente, con tre dei cinque direttori che serviranno come membri indipendenti. Le riassegnazioni dei comitati del Consiglio includono Tal Shoham che si unisce al Comitato di Revisione e Marie Holive che si unisce al Comitato di Nomina e Compensazione.
L'azienda sottolinea questa transizione come parte della sua strategia per accelerare il processo decisionale e capitalizzare sulle opportunità di mercato, mantenendo al contempo elevati standard di governance aziendale.
GDEV Inc. (NASDAQ: GDEV) anunció un cambio significativo en el liderazgo, con el fundador y CEO Andrey Fadeev nombrado Presidente del Consejo, con efecto inmediato. Este movimiento estratégico tiene como objetivo fortalecer la alineación entre la supervisión estratégica y la ejecución operativa.
La actual Presidenta Independiente, Natasha Braginsky Mounier, renunciará y dejará el Consejo, recibiendo una indemnización por sus servicios. El Consejo mantendrá su mayoría independiente, con tres de los cinco directores actuando como miembros independientes. Los reasignaciones de comités del Consejo incluyen a Tal Shoham uniéndose al Comité de Auditoría y a Marie Holive uniéndose al Comité de Nominaciones y Compensación.
La empresa enfatiza esta transición como parte de su estrategia para acelerar la toma de decisiones y aprovechar las oportunidades del mercado, mientras mantiene altos estándares de gobernanza corporativa.
GDEV Inc. (NASDAQ: GDEV)는 창립자이자 CEO인 Andrey Fadeev가 즉시 이사회 의장으로 임명되면서 중요한 리더십 변화를 발표했습니다. 이 전략적 조치는 전략적 감독과 운영 실행 간의 정렬을 강화하는 것을 목표로 합니다.
현재 독립 의장인 Natasha Braginsky Mounier는 사퇴하며 이사회를 떠나며, 그녀의 서비스에 대한 퇴직금을 받게 됩니다. 이사회는 다섯 명 중 세 명의 이사가 독립 이사로 활동하면서 독립적인 다수를 유지합니다. 이사회 위원회 재배치는 Tal Shoham이 감사 위원회에 합류하고 Marie Holive가 임명 및 보상 위원회에 합류하는 것을 포함합니다.
회사는 이 전환이 의사 결정을 가속화하고 시장 기회를 활용하는 전략의 일환으로, 강력한 기업 거버넌스 기준을 유지하는 것이라고 강조합니다.
GDEV Inc. (NASDAQ: GDEV) a annoncé un changement significatif dans la direction, avec le fondateur et PDG Andrey Fadeev nommé Président du Conseil d'Administration, avec effet immédiat. Ce mouvement stratégique vise à renforcer l'alignement entre la supervision stratégique et l'exécution opérationnelle.
La Présidente Indépendante actuelle, Natasha Braginsky Mounier, va démissionner et quitter le Conseil, recevant une indemnité de départ pour ses services. Le Conseil maintiendra sa majorité indépendante avec trois des cinq directeurs servant en tant que membres indépendants. Les réaffectations des comités du Conseil incluent Tal Shoham rejoignant le Comité d'Audit et Marie Holive rejoignant le Comité de Nomination et de Rémunération.
L'entreprise souligne cette transition comme faisant partie de sa stratégie pour accélérer la prise de décision et capitaliser sur les opportunités de marché tout en maintenant des normes élevées de gouvernance d'entreprise.
GDEV Inc. (NASDAQ: GDEV) gab eine bedeutende Veränderung in der Führung bekannt, indem der Gründer und CEO Andrey Fadeev mit sofortiger Wirkung zum Vorsitzenden des Vorstands ernannt wurde. Dieser strategische Schritt zielt darauf ab, die Ausrichtung zwischen strategischer Aufsicht und operativer Umsetzung zu stärken.
Die derzeitige unabhängige Vorsitzende Natasha Braginsky Mounier wird zurücktreten und den Vorstand verlassen, wobei sie eine Abfindung für ihre Dienste erhält. Der Vorstand wird seine unabhängige Mehrheit mit drei von fünf Direktoren, die als unabhängige Mitglieder fungieren, aufrechterhalten. Die Neuausrichtung der Ausschüsse des Vorstands umfasst Tal Shoham, der dem Prüfungsausschuss beitritt, und Marie Holive, die dem Nominierungs- und Vergütungsausschuss beitritt.
Das Unternehmen betont diesen Übergang als Teil seiner Strategie, um die Entscheidungsfindung zu beschleunigen und Marktchancen zu nutzen, während es gleichzeitig hohe Standards der Unternehmensführung aufrechterhält.
- Board maintains independent majority (3 out of 5 directors)
- Strategic alignment of leadership through CEO's appointment as Chairperson
- Continuity in leadership with founder taking expanded role
- Departure of Independent Chairperson requiring severance payment
- Potential concerns over reduced independent oversight with CEO as Chairman
LIMASSOL, Cyprus, Feb. 13, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced the appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company’s Board of Directors (the “Board”), as Chairperson of the Board, effective immediately. This appointment represents a strategic evolution in the Company's leadership structure, designed to strengthen the alignment between strategic oversight and operational execution. As part of this planned transition, Natasha Braginsky Mounier, an independent non-executive director and chairperson of the Board will step down from her position as Independent Chairperson and depart from the Board. Ms. Braginsky Mounier will receive a severance payment from the Company, compensating her for her services as Chairperson and director of the Board for the term beginning with the last annual general meeting of the Company’s shareholders.
The Board will maintain its independent majority, with three out of five directors continuing to serve as independent members, continuing to adhere to best practices for corporate governance and oversight of the Company's operations. Ms. Braginsky Mounier’s membership positions on the GDEV Board’s Committees will, by resolution of the Board, be reassigned among its current independent members: Tal Shoham, who is able to read and understand fundamental financial statements in accordance with Nasdaq audit committee requirements, will take her place on the Audit Committee, while Marie Holive will join the Nomination and Compensation Committee.
"This is an exciting new chapter for GDEV as we continue to execute on our strategic vision and drive growth across our portfolio of studios," said Andrey Fadeev, CEO, founder and newly appointed Chairperson of GDEV. "By aligning Board leadership more closely with our operational expertise, we are well-positioned to accelerate decision-making and capitalize on market opportunities while maintaining the highest standards of corporate governance."
Mr. Fadeev continued: "On behalf of the Board of Directors and management team of GDEV, I would like to express our deep appreciation to Ms. Braginsky Mounier for her exemplary leadership and invaluable contributions during her tenure as Independent Chairperson. Under her guidance, GDEV has significantly strengthened its corporate governance framework, enhanced board effectiveness, and established robust oversight practices that will continue to benefit the Company for years to come. Ms. Braginsky Mounier's dedication to promoting transparency and accountability has helped create a strong foundation for GDEV's next phase of growth."
The Company remains committed to maintaining open and transparent communication with its stakeholders, as the Board continues to prioritize long-term, sustainable growth while upholding the highest standards of corporate governance and oversight.
About GDEV
GDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million installs and
Contacts:
Investor Relations
Roman Safiyulin | Chief Corporate Development Officer
investor@gdev.inc
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute “forward-looking statements” for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
The forward-looking statements contained in this press release are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s 2023 Annual Report on Form 20-F, filed by the Company on April 29, 2024, and other documents filed by the Company from time to time with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
FAQ
What changes were made to GDEV's Board leadership structure in February 2024?
How does GDEV's Board maintain independence after the leadership changes?
What Board committee changes were implemented at GDEV following the leadership transition?
What compensation will GDEV's former Independent Chairperson receive?
