Betsson chairman Svensk resigns after CEO dismissal

Betsson AB

23/09/2021 07:03

STOCKHOLM, Sept 23 (Reuters) - Swedish online gaming company
Betsson  BETSb.ST  said on Thursday that its chairman, Patrick
Svensk, had resigned effective immediately in the wake of the
dismissal of the company's Chief Executive earlier this month.
    The company, which said it had appointed board member Johan
Lundberg as its new chairman, said Svensk's decision to resign
was because major shareholders had lost confidence in him.
    "The lack of full trust is due to how the dismissal of
the CEO was handled," the company said in a statement.
    Betsson said on Sept. 17 that the board had begun a process
of finding a replacement for CEO Pontus Lindwall.
    Svensk has been the chairman of Betsson since 2017 and a
board member since 2005, while Lundberg has been a board member
since 2018. 
    "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," said Svensk.
   

 (Reporting by Helena Soderpalm
Editing by Shri Navaratnam)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))