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GDEV Announces Leadership Transition

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GDEV Inc. (NASDAQ: GDEV) announces key leadership changes as part of its strategic reorganization. Olga Loskutova, who has served as an Independent Director since 2022, will transition from the Board to become the company's new Chief Operating Officer (COO). Following this change, GDEV's Board will consist of six members with four independent directors. Anton Reinhold, the former COO, will focus exclusively on his role as CEO of Nexters Global , GDEV's flagship game studio, to expand the Hero Wars franchise and develop new products.

GDEV Inc. (NASDAQ: GDEV) annuncia cambiamenti chiave nel proprio team di leadership come parte della sua riorganizzazione strategica. Olga Loskutova, che ha ricoperto il ruolo di Direttore Indipendente dal 2022, passerà dal Consiglio alla nuova posizione di Chief Operating Officer (COO) dell’azienda. A seguito di questo cambiamento, il Consiglio di GDEV sarà composto da sei membri, di cui quattro direttori indipendenti. Anton Reinhold, l'ex COO, si concentrerà esclusivamente sul suo ruolo di CEO di Nexters Global, il principale studio di giochi di GDEV, per espandere il franchise di Hero Wars e sviluppare nuovi prodotti.

GDEV Inc. (NASDAQ: GDEV) anuncia cambios clave en su liderazgo como parte de su reorganización estratégica. Olga Loskutova, quien ha servido como Directora Independiente desde 2022, pasará de la Junta a convertirse en la nueva Directora de Operaciones (COO) de la empresa. Tras este cambio, la Junta de GDEV constará de seis miembros, de los cuales cuatro serán directores independientes. Anton Reinhold, el ex COO, se enfocará exclusivamente en su rol como CEO de Nexters Global, el estudio de juegos insignia de GDEV, para expandir la franquicia de Hero Wars y desarrollar nuevos productos.

GDEV Inc. (NASDAQ: GDEV)는 전략적 재조직의 일환으로 주요 리더십 변화를 발표합니다. 올가 로스쿠토바는 2022년부터 독립 이사로 재직해 왔으며, 이제 이사회에서 최고 운영 책임자 (COO)로 직책을 변경합니다. 이번 변화에 따라 GDEV 이사회는 6명의 이사로 구성되며 그 중 4명이 독립 이사가 됩니다. 안톤 라인홀드는 이전 COO로서 Nexters Global의 CEO 역할에만 전념하며 Hero Wars 프랜차이즈를 확장하고 새로운 제품들을 개발할 것입니다.

GDEV Inc. (NASDAQ: GDEV) annonce des changements clés dans sa direction dans le cadre de sa réorganisation stratégique. Olga Loskutova, qui a été Directrice Indépendante depuis 2022, passera du Conseil d'administration au poste de nouvelle Directrice des Opérations (COO) de l'entreprise. Suite à ce changement, le Conseil de GDEV sera composé de six membres, dont quatre directeurs indépendants. Anton Reinhold, l'ancien COO, se concentrera exclusivement sur son rôle de PDG de Nexters Global, le principal studio de jeux de GDEV, afin d'élargir la franchise Hero Wars et de développer de nouveaux produits.

GDEV Inc. (NASDAQ: GDEV) gibt wichtige Veränderungen in der Führung als Teil seiner strategischen Umstrukturierung bekannt. Olga Loskutova, die seit 2022 als unabhängige Direktorin tätig ist, wird vom Vorstand zur neuen Chief Operating Officer (COO) des Unternehmens wechseln. Nach dieser Änderung wird der Vorstand von GDEV aus sechs Mitgliedern bestehen, von denen vier unabhängige Direktoren sind. Anton Reinhold, der ehemalige COO, wird sich ausschließlich auf seine Rolle als CEO von Nexters Global, dem führenden Spielestudio von GDEV, konzentrieren, um die Hero Wars-Franchise auszubauen und neue Produkte zu entwickeln.

Positive
  • Strategic focus enhancement with former COO concentrating on flagship game studio development
  • Appointment of experienced board member to COO position maintains leadership continuity
  • Maintenance of strong board independence with 4 out of 6 directors being independent
Negative
  • Reduction in board size from seven to six members
  • Loss of an independent director from the board

LIMASSOL, Cyprus, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), announces changes to its Board of Directors and executive leadership team as part of its ongoing strategy to enhance operational efficiency and support its global growth ambitions.

Olga Loskutova, who has served as an Independent Director on GDEV’s Board since 2022, will be stepping down from her position on the Board of Directors to assume the role of Chief Operating Officer (COO) of GDEV. Olga brings with her a wealth of experience in global business and general management, positioning her to provide management, leadership, and vision to guide GDEV Inc. towards meeting both its short-term and long-term strategic goals.

Following Olga’s transition, GDEV’s Board will consist of six members, with four remaining independent directors. In addition, Olga’s seat on the Nomination and Compensation Committee, on which she previously served, has been assumed by current independent director Tal Shoham.

Anton Reinhold, the former COO of GDEV, will now fully focus on his current role as CEO of Nexters Global Ltd., GDEV’s flagship game studio. This decision will enable him to dedicate his efforts to further expanding the Hero Wars franchise and driving the development of new products within the studio.

“During 2 years as an independent board member, I’ve had the opportunity to gain invaluable insight into the company and the gaming industry as a whole,” said Olga Loskutova. “In my time on the board, I've come to admire what makes GDEV truly special - its values, exceptional people, and bold ambitions. I am excited to step into this role and partner with the CEO and the team to help GDEV achieve its strategic goals.”

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 $2.5 bln of bookings worldwide. For more information, please visit www.gdev.inc

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

Who is the new COO of GDEV (NASDAQ: GDEV)?

Olga Loskutova, who previously served as an Independent Director on GDEV's Board since 2022, has been appointed as the new Chief Operating Officer (COO) of GDEV.

What happened to GDEV's former COO Anton Reinhold?

Anton Reinhold, GDEV's former COO, will now focus exclusively on his role as CEO of Nexters Global , the company's flagship game studio, to expand the Hero Wars franchise and develop new products.

How many independent directors does GDEV now have?

Following Olga Loskutova's transition from the board to COO, GDEV's Board consists of six members, with four remaining independent directors.

What major franchises does GDEV (NASDAQ: GDEV) own?

GDEV owns franchises including Hero Wars, Island Hoppers, and Pixel Gun 3D, which have collectively accumulated over 550 million installs and $2.5 billion in bookings worldwide.

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