Kambi Group plc’s (Kambi) long-serving Chair of the Board (Chair), Lars Stugemo has notified the Nomination Committee that he doesn’t intend to hunt re-election on the Kambi Annual Common Assembly (AGM) 2024 and has due to this fact determined to step down.
The Nomination Committee has determined to suggest Kambi co-founder Anders Ström be appointed as Chair on the Kambi AGM 2024.
The Board of Administrators of Kambi appointed Ström as Chair with instant impact till the AGM 2024, as Stugemo knowledgeable the Board that he wished to step down.
Stugemo will go away the Board with instant impact and proceed to function a member of the Nomination Committee nominated by Kambi’s largest shareholder Veralda Funding Ltd.
Stugemo mentioned: “After 14 years of an inspiring journey with Kambi, together with nearly a decade as Chair, I’ve determined, after cautious consideration, to not stand for re-election subsequent 12 months. It grew to become clear that I ought to, if potential, promptly go the management to another person. On this case, each I and Kambi are lucky that Kambi’s co-founder Anders Ström can also be a member of the Board and is able to instantly take over as Chair.
“The Kambi journey has been exceptional, from early days serving a handful of companions to turning into a market chief with award-winning merchandise and esteemed purchasers all over the world. It has been an immense privilege and pleasure to work carefully and intensively with Kambi, alongside an inspiring entrepreneur like Anders Ström.”
Ström brings huge business expertise to the position as Chair, having based Kindred Group in 1997 after which later co-founding Kambi alongside CEO Kristian Nylén in 2010. Ström has additionally been a Kambi Board member since its formation.
Ström mentioned: “Lars has made many essential contributions to Kambi’s growth to turning into the world’s main sportsbook supplier and, as each a founder and shareholder, I’m very grateful for the journey we’ve undertaken collectively and want him all the very best in his future endeavours.”
“I’m honoured to have been requested by Kambi’s Board to grow to be its Chair and stay up for main the Board of an organization which is exhibiting actual industrial momentum by way of latest companion signings and redefining what is feasible in sports activities betting by way of important technological breakthroughs together with AI-powered buying and selling. These achievements not solely strengthen our place but in addition enhance morale and drive throughout the firm, paving the best way for future successes and development,” Ström added.
As a present member of the Nomination Committee and the Board of Administrators, Ström didn’t take part within the deliberations and subsequent determination relating to his nomination and appointment.