NetEnt made a surprise press statement over the weekend, advising that the board of directors has decided to replace the Group CEO and President Per Eriksson with immediate effect in order to increase focus on long-term growth for the company.
Eriksson’s responsibilities will be taken over temporarily by CFO Therese Hillman, and recruitment of a new permanent CEO will commence immediately, the statement advised.
NetEnt’s chairman, Vigo Carlund, said Sunday:
”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. 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.”