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Ringier Axel Springer Bring Maciej Lenartowicz onto Morizon Board

June 3, 2020

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After its acquisition of leading Polish property portal Morizon in April, Ringier Axel Springer has moved to strengthen the leadership of its new subsidiary by appointing former Ringier Axel Springer Tech CFO Maciej Lenartowicz to the management team.

MZN Property (the company that runs Morizon as well as a string of smaller Polish property portals) was bought back in April for around $21 million. RAS already installed its own new tranche of Morizon advisory board appointees in the immediate aftermath of the buyout before Lenartowicz’s appointment this week.

Certainly, the Polish market is one to watch in the coming months. As well as the changes RAS is enacting at Morizon, Agora is looking to sell challenger portal Domiporta.pl and if Prosus wins the deal for eBay Classifieds, then we could see Gumtree and OLX Poland owned by the same company as well.

by Edmund Keith

June 3, 2020

Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.