Modern Times Group Mtg AB announced that President Jørgen Madsen Lindemann has informed the company board of directors of his decision to leave the company and has submitted his letter of resignation. After 26 years of service, he has decided to step down to free up time to pursue other challenges and for the company to facilitate its long-term CEO succession planning. The Board has reluctantly accepted Jørgen Madsen Lindemann's resignation. The company also announced that David Chance, Chairman of company, has informed the company that he advised the Nomination Committee several months ago of his intention not to stand for re-election at the May 2021 AGM, after more than 20 years of service. David Chance remains fully committed to leading the Board until he stands down next year.