Betsson CEO, Lindwall, to Remain in Position Following Board Reversal

In September, Lindwall announced his exit as CEO of Betsson. He had served in this role twice, from 1998 to 2011 and then again from 2017. The news of his departure was shared through a press release. The company stated that Lindwall had accomplished his goals as CEO. Following Lindwall’s exit, former chair Patrick Svensk resigned after receiving a no-confidence vote. However, at the Extraordinary General Meeting (EGM), shareholders confirmed new board appointments and Lindwall was reinstated as CEO. The decision was based on discussions with Betsson’s stakeholders, management team, employees, and large shareholders. The new chair, Johan Lundberg, emphasized the need for continuity in leadership to tackle important tasks ahead, including the unexpected Dutch situation. At the EGM, Lundberg replaced Svensk as chair, and Eva Leach and Fredrik Carlsson were re-elected to the board. Lindwall and Peter Hamberg joined the board as new members until the next annual general meeting (AGM). Shareholders also approved other board-related motions, such as maintaining a five-member board without deputies until the next AGM. Last week, unrelated to Svensk’s departure, Jan Nord resigned from the board due to other commitments.