Kambi Group plc CEO and Board Nominee Kristian Nylen Informs the Board of Directors of Resignation

The board of directors of Kambi Group plc (Kambi) announces its Chief Executive Officer (CEO) and co-founder, Kristian Nylen (pictured), has notified it of his intention to step down from his current position during the year, upon the appointment of a successor.

Since co-founding Kambi with Anders Strom in 2010, Nylen has steered the company through numerous significant milestones, leading Kambi to become the industry’s number-one sportsbook supplier. As communicated, Kambi’s Nomination Committee has proposed Nylen for election to the board at the forthcoming 2024 annual general meeting (AGM).

“The decision to stand down from my position at Kambi after so many enjoyable years has been difficult but one predominantly driven by my desire to spend more time with my young and growing family,” Nylen said. “As co-founder, my heart and professional allegiance remain firmly with Kambi, therefore, I am honoured to accept the Nomination Committee’s proposal to join the board. Pending my election at the forthcoming AGM, I look forward to focusing more intensively on the strategic aspects of our business, however, my immediate attention remains on driving Kambi forward in my current role.”

“Kristian’s role has been critical in positioning Kambi as a frontrunner in our sector,” Strom, co-founder and Chair of the Board for Kambi, said. “His strategic foresight and unwavering commitment have been central to our many achievements over the years. I am delighted the Nomination Committee has proposed Kristian for the board where his extensive industry knowledge will continue to greatly benefit Kambi.

“I am confident that Kristian’s insights and proficiency will persist in advancing the company and creating value for our shareholders. His potential transition to a board position reflects his enduring dedication to Kambi as both a founder and a major shareholder while also ensuring a consistent and stable strategic course for the company. The search for a new CEO will commence immediately and we will provide updates as they become available.”