Betsson CEO Pontus Lindwall Steps Down After Successful Turnaround
The Betsson leadership team will see a change as Pontus Lindwall exits his position as Chief Executive Officer. His exit aligns with the conclusion of the “Back on Track” strategy, a project Lindwall championed upon resuming the CEO role in 2017.
This program has achieved significant success, resulting in unprecedented revenue and earnings for Betsson in the second quarter of 2021. With this period of expansion finalized, the board feels that fresh leadership is necessary to leverage new prospects in the international market. The quest for a successor will commence promptly.
Patrick Svensk, who heads the Betsson Board, commended Lindwall’s time in the role: “Betsson is more robust than ever before. We possess a strong business framework, an exceptional workforce, and healthy financials. The Board holds the belief that this presents an opportune moment for a new CEO to assume leadership and propel the company’s ongoing development.”
Lindwall, a seasoned professional with 25 years in the gaming and wagering sector, has been pivotal in Betsson’s accomplishments. Svensk recognized Lindwall’s input, stating: “Pontus Lindwall has played an indispensable part in Betsson’s prosperous evolution. When he assumed the CEO mantle in 2017, his objective was to solidify the company’s standing and establish a firm foundation for sustained expansion. That mission has now been successfully executed.”
The incoming Chief Executive will be entrusted with guiding Betsson’s penetration into newly regulated markets, representing a substantial area of growth for the organization.
The company expressed immense appreciation for Pontus Lindwall’s commitment throughout his tenure. His leadership has positioned us exceptionally well for future success.
Pontus will maintain his role as CEO during the search for his replacement. While his departure will be felt, he can anticipate a generous year-long compensation plan following his exit.
