The board of directors of Malta-based sportsbook supplier Kambi Group announced that its CEO and co-founder, Kristian Nylén, has notified the board of his intention to step down from his current position during the year, upon the appointment of a successor.
Since co-founding Kambi with Anders Ström in 2010, Nylén has steered the company through numerous milestones, leading Kambi to become the industry’s number one sportsbook supplier, the company said in a statement.
As communicated, Kambi’s Nomination Committee has proposed Nylén for election to the board at the forthcoming 2024 Annual General Meeting (AGM).
“The decision to stand down from my position at Kambi after so many enjoyable years has been difficult, but one predominantly driven by my desire to spend more time with my young and growing family,” Nylén said. “As co-founder, my heart and professional allegiance remain firmly with Kambi; therefore, I am honored to accept the Nomination Committee’s proposal to join the board.
“Pending my election at the forthcoming AGM, I look forward to focusing more intensively on the strategic aspects of our business. However, my immediate attention remains on driving Kambi forward in my current role.”
“Kristian’s role has been critical in positioning Kambi as a frontrunner in our sector, said Board Chairman Ström. “His strategic foresight and unwavering commitment have been central to our many achievements over the years. I am delighted the Nomination Committee has proposed Kristian for the Board, where his extensive industry knowledge will continue to greatly benefit Kambi.”
At the coming meeting, the board will re-elect Ström. Patrick Clase, Marlene Forsell and Ceceilia de Leeuw, and vote on adding Nylén and Benjie Cherniak, an independent investor and adviser in the iGaming space and formerly a managing director at then-Scientific Games.
