Tag Archives: Patrick Svensk

Betsson withdraws Lindwall CEO exit as headwinds loom

The board of Betsson AB has withdrawn its decision to replace Pontus Lindwall as Group CEO.  The decision follows a consideration of the Stockholm-listed group’s ‘near-to-mid future priorities’, made in light of Betsson’s unexpected failure to secure a Dutch KOA online gambling regime licence and to help further execute new market expansion projects in the US and LaTam. This September, …

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Patrick Svensk steps down as Betsson Chairman after shareholder criticism

Major shareholders at Betsson AB have stated that ‘they no longer have full confidence’ in Patrick Svensk, prompting the Chairman to resign from his position on the company’s Board. Svensk informed the company’s Nomination Committee that he would resign from the position he has held since 2017 with immediate effect, whilst the firm has disclosed that Board member Johan Lundberg …

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Betsson seeks new CEO as Lindwall completes turnaround objectives 

The board of Betsson AB has informed that it has begun an executive search to find a replacement for Group Chief Executive Pontus Lindwall. The leadership succession has been authorised as Betsson’s board concludes that Lindwall has achieved all objectives of the group’s ‘Back on Track’ strategy under his stewardship. In September 2017, Lindwall re-took leadership of Betsson as the …

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Andy McCue returns to betting with Betsson AB

Betsson AB has moved to strengthen its governance advisory confirming the appointment of former Paddy Power Chief Executive Andy McCue as a company non-executive director. The appointment of McCue follows the conclusion of Betsson’s AGM, in which the Stockholm-listed online gambling group re-elected all members of its existing board led by Chairman Patrick Svensk. A ten-year Paddy Power senior executive, …

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Betsson seeks new CEO as Ulrik Bengtsson departs with immediate effect

Stockholm-listed European online gambling group Betsson AB  has this afternoon confirmed the departure of Ulrik Bengtsson as Group President & CEO. Updating corporate stakeholders, Betsson informed that Bengtsson had chosen to leave the leadership position with immediate effect. Betsson governance informs that moving forward CEO duties will be filled by Chairman of the Board Pontus Lindwall on an interim basis until …

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Bettson AB issues investors share split of SEK 549 million

Following its Annual General Meeting (AGM), European sports betting operator Betsson AB has confirmed that it will pay-out SEK 549 million (£42 million) to company shareholders after implementing a share split. Betsson governance outlined that it would target a share split dividend for its shareholders, whereby one Betsson share will be converted into four shares. The pay-out will include the …

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