Betsson Group has confirmed the commencement of the process to find a replacement for long-time chief executive officer and founder Pontus Lindwall.
Lindwall, who will remain in the position until a new CEO has been appointed, is lauded as playing “an invaluable role in Betsson’s successful development” which has created a “strong foundation” for future development.
The board of the online gambling operator says that Betsson “is ready for further renewal” in order to meet the challenges in an international environment, more regulated markets and take advantage of new opportunities.
“Betsson has never been in a better position than today. We have built up a strong business, with competent employees and good finances. The board’s assessment is that it is a good opportunity to make a change in the position of CEO,” says Patrick Svensk, chair of the board of betsson.
Furthermore, the group’s board of directors have also concluded that Lindwall has completed the ‘Back on Track’ assignment that he was re-established as CEO to implement in 2017.
Lindwall was appointed CEO of Betsson as early as 1998 and held that position until 2011, when he was elected chair of the board. He took up his most recent occupation as CEO in 2017.
Svensk added: “Pontus Lindwall has played an invaluable role in Betsson’s successful development. When he took over as CEO in 2017, his mission was to strengthen the company’s position and create a solid platform for continued growth.
“That task has now been completed. We are grateful for all the good work Pontus Lindwall has done during these years and the strong foundation he has created for the future.”
