Fredrik Burvall will leave as CEO of Cherry AB due to family reasons, the firm announced.
The Cherry AB board of directors has appointed Anders Holmgren as acting CEO until a new CEO has been recruited. Holmgren is currently a board member of Cherry AB and one of the founders of Betsson, where he also held the role as the CEO for Betsson Malta, the company said in a press release.
Burvall was with Cherry for more than 10 years, as CEO and previously as CFO.
“Fredrik Burvall has been CEO during a busy period when the company has expanded rapidly and been very successful,” said Rolf Åkerlind, chairman of the board. “During the last two years, Cherry’s turnover has grown 137 percent and the company has completed seven acquisitions. It has been a period which has required a heavy workload, in particular from Fredrik. I am extremely grateful for the dedication and hard work Fredrik has given the company.”
