Sportradar has appointed Craig Felenstein as its new Chief Financial Officer, effective June 1. Felenstein joins the sports tech giant from Lindblad Expeditions, where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl.
Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar, the company said.
In his role as Sportradar’s Chief Financial Officer, Felenstein will lead the company’s global finance, accounting and investor relations functions. He will be based in New York for his new position at the company.
“Felenstein has a unique blend of financial rigor and operational insight and will partner with the rest of the executive leadership team to advance the company’s key strategic initiatives and grow the business while maintaining strong relationships with the investment community,” Sportradar said in a press statement.
Most recently, Felenstein served as Chief Financial Officer at Lindblad Expeditions, a company offering expedition cruises and adventure travel, where he oversaw Lindblad’s global finance organization, as well as their corporate development, information technology and human resources functions.
Carsten Koerl, CEO of Sportradar, said: “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US listed public companies, I am confident that he will be a strong addition to our team.
“His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success. We want to express our deep gratitude to Ger Griffin for his meaningful contributions to Sportradar during a transformational growth period for our company.”
Carsten Koerl, CEO of Sportradar
Prior to his tenure at Lindblad, Felenstein served as Senior Vice President of Investor Relations and Strategic Finance at Shutterstock where he oversaw all interaction with the investment community while leading the financial planning and analysis and corporate development functions.
Before his stint at Shutterstock, he served in various management roles at Discovery Communications, LLC, including Executive Vice President of Investor Relations. At the same time, he was a member of the executive team for several of Discovery’s businesses including serving as the Chief Financial Officer of Digital, Chief Financial Officer of US Network Revenue and Chief Financial Officer of Animal Planet.
Throughout his career, Felenstein has also held senior positions at News Corporation, Viacom Inc., and Arthur Andersen & Co.
Craig Felenstein said: “Sportradar has built an impressive leadership position in the rapidly growing global sports technology market and the company is ideally situated to deliver sustained growth given their strong content portfolio, unmatched product offerings and commitment to industry innovation.
“I am excited to work with Carsten and the entire Sportradar team, as well as the Board of Directors, to capitalize on the significant growth opportunities ahead and deliver additional value to our clients, partners and shareholders.”