Kambi Group CEO Kristian Nylén to Step Down

CEO Transition at Kambi Group

Kristian Nylén, who has played a pivotal role in Kambi Group plc since co-founding the company with Anders Ström in 2010, has informed the Board of his decision to step down as CEO. Under Nylén’s leadership, Kambi has achieved significant milestones, establishing itself as the leading sportsbook supplier in the industry. In light of this transition, the Nomination Committee has proposed Nylén for election to the Board at the 2024 Annual General Meeting (AGM).

Nylén’s Statement on His Departure

Reflecting on his tenure, Nylén expressed that the decision to step down was challenging but primarily influenced by his desire to spend more time with his family. He remains deeply committed to Kambi, stating, “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.”

Anders Ström, Chair of the Board, praised Nylén’s crucial role in Kambi’s success, acknowledging his strategic vision and dedication. Ström remarked: “Kristian’s role has been critical in positioning Kambi as a frontrunner in our sector. 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.”

Future Prospects and CEO Search

Ström conveyed confidence in Nylén’s continued contribution to Kambi’s success, even in a Board position. He emphasized that Nylén’s potential transition to the Board reflects his ongoing commitment to the company. The search for a new CEO will begin immediately, with updates to be provided as the process unfolds.

Conclusion: A New Chapter for Kambi Group

Kristian Nylén’s decision to step down as CEO marks the end of an era for Kambi Group plc but also the beginning of a new chapter with his potential transition to a Board position. His leadership has been instrumental in Kambi’s growth and success, and his future role on the Board promises to bring continued strategic insight and guidance.

As Kambi embarks on the search for a new CEO, the company stands on a strong foundation built under Nylén’s leadership, poised for continued innovation and achievement in the sportsbook industry.