DGAP-News

Ferratum Oyj: Ferratum is executing on its planned initiatives and aligning the leadership accordingly

DGAP-News: Ferratum Oyj / Schlagwort(e): Sonstiges Ferratum Oyj: Ferratum is executing on its planned initiatives and aligning the leadership accordingly 14.10.2019 / 20:00 Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Ferratum is executing on its planned initiatives and aligning the leadership accordingly

Helsinki, 14 October 2019 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") is executing on its planned initiatives around marketing and product development and aligning the leadership of functions to support the execution hereof.

The Group has further tightened the collaboration between marketing and products by giving the responsibility of these jointly to Saku Timonen, Chief Commercial Officer (CCO) of the Group. This development is in line with Ferratum's plans of executing its strategy and positioning the new Mobile Wallet into the centre of its lending offering, and further optimising its functions and creating operational leverage. The new Mobile Wallet is planned to be launched in Latvia within the next months and in the future to be the core around which Ferratum positions its own and future partner offering. The Wallet and Ferratum's newest product segment, Prime Loans, are important initiatives for the future for Ferratum, and have great potential, opening up new channels and opportunities for Ferratum.

Saku will from now on oversee marketing and products (excluding SME) as one unit and be focusing on being competitive with Prime Loans and supporting the new Wallet. Saku continues to be part of the Leadership Team, which he has been part of since 2009. In his previous roles he has overseen the marketing function, but also had the overall responsibility of the consumer lending business, which puts him in the optimal position to merge marketing and product activities and teams closer together.