Oslo-based Marketplace giant Schibsted has appointed Christian Printzell Halvorsen as CEO.

Halvorsen, currently EVP of Schibsted Nordic marketplaces, will take up his new role after the divestment of Schibsted’s news media operations to the Tinius Trust, which is expected to be completed on or around June 7.

He will lead the transformation of Schibsted into a “new and more focused marketplaces company” to be provisionally called Schibsted Marketplaces, the company said, announcing the appointment.

“After a thorough internal and external search for a CEO for Schibsted Marketplaces, Schibsted’s board has concluded that Christian is the right choice for the company going forward,” said Schibsted board chair Karl-Christian Agerup.

“Christian’s deep understanding of Schibsted’s marketplaces operations — their challenges, as well as opportunities — combined with his business acumen and strong leadership skills, make him the ideal candidate to lead Schibsted through this next exciting phase. Schibsted’s board stands firmly behind the verticalization strategy that Christian initiated within Nordic marketplaces, while we also recognize the need to make the company more competitive and cost-effective.”

Agerup added that the company’s board “believes strongly in the opportunity of a focused, growth-oriented and value-creating marketplace company for the future, and that Christian is the right person to lead that journey.”

Halvorsen has been in his current role since 2019. Between 2017 and 2019, he served as CEO of tech company Cxense ASA. Prior to that, he spent more than a decade in senior roles within Schibsted’s marketplaces operations, including CEO of Finn and SVP product at Schibsted Marketplaces before the Adevinta spin-off in 2019.

The Norwegian holds a master’s degree in computer science and information systems from the Norwegian University of Science and Technology.

Halvorsen specified that the company’s “immediate priority is our transformation into a simple and cost-effective company operating in four core verticals: mobility, jobs, real estate and re-commerce.”

“There is a substantial opportunity in leveraging these positions to create value, both through optimizing existing listing models and expanding new transactional solutions.”

“I believe Schibsted Marketplaces can continue to be at the forefront of leading marketplaces operators globally, leveraging its strong positions and by innovating new business models.”

The hunt for a new CEO for the marketplace giant was sparked by the resignation of Kristin Skogen Lund, announced on February 7. Lund is to join the board of Berlin-based on-demand delivery app Delivery Hero.

Halvorsen was widely tipped to replace Lund, with former Finn boss Anders Skoe — now running Trade Me in New Zealand — another name in the frame.

Following the divestment, Schibsted Media will be fully owned by the Tinius Trust, while Schibsted Marketplaces will continue to be listed on the Oslo Stock Exchange, trading as Schibsted ASA until a new name is announced.

The next step for Schibsted Marketplaces will be the announcement of the composition of its executive management team, said the company.

Print Friendly, PDF & Email

Related Articles