Betsson founder Pontus Lindwall will step down as chief executive at an undetermined date. The company has already initiated the search for a replacement. Lindwall served as CEO from 1998 to 2011 and in 2017 began a second term, according to iGaming Business.
“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,” said Betsson Chairman Patrick Svensk. “That task has now been completed.”
Lindwall has overseen Betsson’s expansion, including in Latin America with the acquisitions of Inkbet and JDP Tech.
“Betsson has never been in a better position than today,” Svensk said. 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.”