Readly announces senior leadership changes

Regulatory information
Readly International AB (publ) announces the departure of Joakim Johansson, Chief Technology Officer and Joe Armstrong, Chief Operating Officer.

Joakim Johansson and Readly have come to a mutual agreement that they will part ways. Frederik Blauenfeldt Jeppsson, will step in as interim Chief Technology Officer, until a new permanent CTO has been recruited. Frederik will join the senior leadership team and report to the CEO. He holds a degree from The Faculty of Engineering, LTH and has been a consultant at Netlight Consulting since 2016. Frederik has solid experience from advising management teams, IT architecture, agile leadership, change management and from critical interim management roles.

Joakim has played an important role in the development of Readly including building our tech organisation and taking it from a scale-up phase to a structured and high-performing function. As Readly now enters the next phase, focused on accelerating product development and innovation, we both believe it is the right time for a shift, says Maria Hedengren, Group CEO Readly.

Furthermore, following his resignation, Joe Armstrong will also be leaving Readly and his role as Chief Operating Officer to pursue a new venture within the M&A advisory sector. The COO role at Readly has primarily been focused on leading the areas of M&A, legal and fundraising. The role will not be replaced, and the responsibilities will be taken over by Readly’s CFO Johan Adalberth.

I would like to extend my gratitude to Joe Armstrong for his dedicated work during his time at Readly. Joe played a vital part in the IPO process and the acquisition of Toutabo SA. I wish both Joakim and Joe all the best in their future endeavours, says Maria Hedengren.

Following the above changes, Readly’s senior leadership team consist of:

Mats Brandt, Interim Chief Executive Officer (as of January 31)
Johan Adalberth, Chief Financial Officer
Ranj Begley, Chief Content Officer
Frida Svensson, Chief People Officer
Frederik Blauenfeldt Jeppsson, Interim Chief Technology Officer (as of February 14)
Cecilia von Krusenstierna, Chief Growth Officer
Tomas Montan, Chief Product Officer

The information in this press release has been made public through the agency of the contact person set out below at the time specified by Readly's news agency Cision by publication of this press release.

For more information, please contact:

Linnea Aguero, Head of PR and Communications
+46 72 503 32 31,

Rasmus Blomqvist, Head of Investor Relations
+46 70 233 53 67,

About Readly

Readly is the European category leader for digital magazines. The company offers a digital subscription service that lets customers have unlimited access to 7,500 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 1,200 publishers worldwide, Readly is digitising the magazine industry. In 2020, revenues amounted to SEK 353 million. Since September 2020, the Readly share is listed on Nasdaq Stockholm Midcap. For more information, please visit