Per Eriksson departs NetEnt AB leadership with immediate effect

Stockholm-listed industry games developer NetEnt AB, has disclosed that Chief Executive Per Eriksson has departed the company with immediate effect.

This morning the NetEnt board released the following statement: “NetEnt has decided that Per Eriksson is to step down as president and CEO with immediate effect. The recruitment process will be initiated immediately, and a new CEO will be presented as soon as possible.”

NetEnt governance has moved to appoint Chief Financial Officer Therese Hillman as acting interim leader, as the company undertakes its executive search for Eriksson’s replacement.

Updating investors, NetEnt governance details that a new leadership direction is needed to tackle the firm’s current growth blocks.

Vigo Carlund, Chairman of NetEnt AB commented on the corporate update: ”NetEnt has developed well over many years and several parts of the business are still developing well, for example in regulated markets, but the overall performance of the group has not been as it should”.

“The board believes that NetEnt needs a new driving force to reverse the trend and increase the focus on growth. The value creation potential in NetEnt remains significant.

Acting as NetEnt CEO since 2012, Eriksson has developed NetEnt into one of the industry’s leading games developers, significantly increasing the firm’s content output and commercial pipeline.

“The online gaming market has structural growth driven by the migration from offline to online gaming. The company has a solid balance sheet and a strong brand name in its segment of the market. The board would also like to extend its gratitude to Per Eriksson for his time as CEO for NetEnt” Carlund added.

Check Also

sports betting

The end of the one-stop solution for sports betting?

The preference for a ‘one stop shop’ solution amongst operators is a thing of the …

Betway expands Euro profile securing Portuguese licence

Portugal’s Comissao de Jogos do Turismo (SRJI) has granted Betway a licence to operate B2C …

Flutter secures Australian clearance for Stars Group merger

Flutter Entertainment Plc has received regulatory approval from the Australian Competition and Consumer Commission (ACCC) …