David Flynn steps down as Glitnor CEO to ‘better serve’ in other roles

Major leadership changes are underway at B2C and B2G igaming firm Glitnor Group, as CEO David Flynn confirms his departure from the position.

Flynn will continue to work as part of Glitnor’s board, asserting that he can better serve and support the group’s commercial ambitions in other avenues.

Moving over to his as of yet unconfirmed Board position in the New Year, Flynn will hand over leadership to company Co-Founder Jorgen Nordlund on an interim basis as the search for a new CEO gets underway.

The outgoing CEO remarked: “With our continued strong growth aspirations in mind, I’ve decided that now is the time to look further ahead for Glitnor and make a change which, I believe, will help take Glitnor, and everyone involved, to the next level. 

“Thus, with the full support of our Founders and Board, I shall move to a Group Board role  where I will continue to develop our long-term strategy and support our operational management. 

“After 20 years in igaming I really believe that my experience will better serve the Group as a member of the Board supporting the incoming CEO, as we continue to grow and expand the business.”

As a business, Glitnor Group has three operational focuses – B2B content services via its Swintt development brand, B2C activity through the Lucky Casino and Happy Casino operators and player acquisition and lead generation through its affiliation and in-house acquisition agency.

Flynn’s departure from Glitnor’s executive leadership comes after two major developments at the firm, the latest being the launch of its investment arm, Glitnor Ventures, which commenced operations yesterday.

The company’s existing investments include a stake in Indian igaming studio RNGPlay and a ‘key shareholding’ in gaming affiliate firm KaFe Rocks and its time2play brand – the latter linked to the second major announcement involving the firm this week. 

On Tuesday, Gitnor Group revealed that it had amicably agreed to call off its planned acquisition of KaFe Rocks, which was first confirmed in February of this year for an undisclosed fee, as the former sought to enhance its affiliate activities.

Flynn stepped up as Glitnor CEO in January 2020, whilst also holding leadership of the Swintt brand from 2019 to August of this year. He is also an investor in and board member of the Pay4Fun e-wallet.

Commenting on Flynn’s transfer of duties, Glitnor Board Chairman Dan Andersson said: “In our quest to reach excellence and make it possible to continue our growth at such a rapid pace, David has been absolutely key in developing the Group and taking the next step in our growth plan. 

“It is now good timing to make such a change as we strengthen the board in preparation for the stock market, given financial market sentiment turning more positive in 2023. We look forward to having David working actively in the board.”