Modern Times Group Mtg AB announced that chief executive officer 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 board will activate its internal and external succession candidate list, with the support of international search firms, and assess potential candidates against the skillset and experience that it feels is most appropriate for the company's requirements. Jørgen, who has 12 months' notice in his employment contract, remains fully committed to his role and duties as CEO, until his successor is appointed and brought fully on board to the company.