Betsson AB Chairman Patrick Svensk has resigned his position following a no-faith statement by major company shareholders.
According to SBC News, the shareholders said they “no longer have full confidence” in him. Svensk resigned immediately from the position he’s held since 2017. The firm has disclosed that board member Johan Lundberg has been chosen to take his place.
“It is very sad, and I am sorry that I have disappointed our major owners, but I have done what I thought was best for the company,” Svensk said. “I am proud of what we have achieved during these years and wish everyone at Betsson great luck in the future.”
Lundberg, a Betsson board member since 2018, said, “I would like to extend a warm thank you to Patrick Svensk for his valuable contributions to the board for almost 17 years. I look forward to continuing the work with the rest of the board to recruit the next generation of international leader to Betsson and at the same time complete the strategic work that is going on with renewal and growth.”
Michael Knutsson, chairman of Betsson’s nomination committee, said he has “full confidence and support (in) the remaining board members and its election of a new chairman.”
Group CEO Potus Lindwall resigned last month, at which time Svensk said, “When he took over as CEO in 2017, (Lindwall’s) 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.”
