Pontus Lindwall

The newly-appointed Board of Directors at Betsson AB has decided to withdraw its predecessors move to replace popular CEO Pontus Lindwall, it announced on Monday.

“We have had several discussions with Betsson’s main stakeholders, the Betsson management team, Betsson employees, as well as many of the largest shareholders,” says Johan Lundberg, Chairman of the Board of Betsson AB.

“Based on those discussions the current Board does not believe that it would be good to change leadership now. The company need to focus on all important work that lays ahead, such as for example the unexpected Dutch situation.”

Mr Lindwall’s impending departure had sparked something of a corporate wrangle, as some loyalists condemned the board’s handling of his replacement.

Chairperson of the board Patrick Svensk resigned in the wake of the announcement, after reportedly being informed he had lost the confidence of the group’s major shareholders for his handling of the announcement concerning Mr Lindwall’s departure.

In late September, a group of shareholders, including Mr Lindwall’s mother, Berit Lindwall, holding more than ten per cent of the company’s shares declared an Extraordinary General Meeting (EGM) with an agenda notably including a proposal to appoint Mr Lindwall onto the board. This EGM was held on Monday.

The proposal concerning Mr Lindwall’s presence on the Board passed, and he is also joined as a new addition by Peter Hamberg.

In the iGaming community, Mr Lindwall’s support seems to have remained strong. He has been a mainstay of Betsson AB, leading it and its predecessors for almost 25 years.

He was appointed as CEO in early 1998, holding that position till 2011, when he was elected chairman of the board. He then returned to his most recent assignment as CEO in 2017.

Continue Reading

Malta-based Glitnor Group searching for a new CEO as David Flynn takes on Board role

2 December 2022
by iGamingCapital.mt

This week, Glitnor Group announced that a planned acquisition of KaFe Rocks was being shelved

GiG signs new deal with Starcasino in Spain

1 December 2022
by iGamingCapital.mt

The agreement has been signed for an initial three-year period

3 Oaks Gaming boosts portfolio output with St8.io collaboration

1 December 2022
by iGamingCapital.mt

The deal with the Curacao-licensed platform will enhance 3 Oaks Gaming’s offering on a global scale

Lady Luck Games Group secures B2B UKGC licence

30 November 2022
by iGamingCapital.mt

'We are now able to provide our premium gaming content to our partners in the world`s preeminent and established market, the United Kingdom'

See more