- Mogul Games (MGG), formerly Esports Mogul, appoints senior entertainment executive Christopher Bergstresser as CEO and Managing Director
- Mr Bergstresser has over 30 years’ experience founding, buying and building companies in the gaming and mobile sectors
- As CEO, the company says Mr Bergstresser will be working to leverage Mogul’s existing best in class tournament whilst leading the company’s execution of buy and build strategy in the gaming sector
- Shares in Mogul are up 25 per cent to trade at 0.3 cents as of 1:38 pm AEST
Mogul Games (MGG), formerly Esports Mogul, has appointed senior entertainment executive Christopher Bergstresser as CEO and Managing Director.
Mr Bergstresser has over 30 years of experience founding, buying and building companies in the gaming and mobile sectors.
Most recently, he held the role of Executive Director at Mogul, was Group Chief Operating Officer of Enad Global 7, a Swedish-based games company where he was responsible for building the expansion of the company, through a buy and build strategy in video games.
Across his career, Mr Bergstresser has held senior gaming executive positions in major global gaming and media companies including SEGA, Atari and Konami where he worked with big companies such as Microsoft, Disney and ESPN.
He is also an experienced founder, having co-founded mobile analytics startup Appscotch, video game software start-up Vector Entertainment and gaming TV producer Gamer.TV.
As CEO, the company said Mr Bergstresser will be working to leverage Mogul’s existing best in class tournament whilst leading the company’s execution of buy and build strategy in the gaming sector.
Further, the Board and he will be working to identify key appointments in the senior executive team to accelerate the company’s growth through the buy and build strategy and the esport tournament platform.
Mr Bergstresser’s appointment as CEO and Managing Director will take effect subject to the UK Home Office granting him permission to work for Mogul Games Group UK.
In the interim, his appointment as Executive Director has been extended and will continue on a monthly basis until his appointment becomes effective.
His remuneration package includes a base salary of £180,000 (A$261,000) per annum.
Additionally, the company has identified “significant” opportunities as part of its buy and build strategy, focusing on profitable small to midsize games companies fitting the company’s criteria which includes strong founder-lead teams and engaged audiences.
Mogul has evaluated over 70 potential acquisition opportunities across multiple geographic regions which the company has progressed some to a more formal due diligence stage.
With approximately $4.8 million currently in cash reserves and no debt, the company is in a strong position to accelerate execution against its buy and build strategy.
Shares in Mogul were up 25 per cent to trade at 0.3 cents as of 1:38 pm AEST.