Lindwall ready for Betsson CEO role...again

Lindwall ready for Betsson CEO role...again

Wednesday, July 29, 2015 Totally Gaming
Pontus Lindwall hopes to continue the work of Magnus Silfverberg

Pontus Lindwall has paid tribute to predecessor Magnus Silfverberg after taking over as chief executive of online gaming operator Betsson for the third time until a permanent successor is found.

The 50-year-old has been working as executive chairman in recent times, but will again take the chief executive role that he also held during spells between 1997-2000 and 2002-2011 after Silfverberg departed for business support company Bisnode earlier in July.

Lindwall, who has worked closely with Silfverberg over the last few years, told that he has great respect for his predecessor’s record.

“Magnus has done a fantastic job for Betsson and for Betsson’s shareholders,” Lindwall said. “He has been working a lot with M&A and he has grown the company well.

“The share price shows that also the financial markets appreciate his efforts. I think Magnus is a true 'Betssonite' with his humble personality and high working capacity.”

Silfverberg’s final few months saw a record performance from Betsson, which included a 14 per cent year-on-year rise in turnover to SEK860m (€90.7m/$100.4m) in Q2, while net income was up 12 per cent to SEK201m.

One of Silfverberg’s final acts at Betsson was to agree the takeover of Europe-Bet, while it has also bought Nordicbet and Oranje and Kroon in recent years.

“I will continue to operate the company according to the strategy, which is decided by our board, so there will be no major changes," Lindwall said.

“Of course I will have to work closer to the organisation. One of my key aims will be to replace myself as chief executive, but I will also carry on with day-to-day projects, most of which were initiated by Magnus.”

Lindwall has been employed by the group since 1991, and was a founder of Net Entertainment and former managing director and chief executive of Cherryföretagen.

“I am happy to take over again as chief executive of this great company,” he said. “For the last four years I have been working as executive chairman, so that means that I have been very close to the company all the time.

“I am well prepared to take over, I will need no start-up runway!”

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