Kambi Group plc’s (Kambi) long-serving Chair of the Board (Chair), Lars Stugemo has notified the Nomination Committee that he does now no longer intend to are trying to find re-election on the Kambi Annual General Meeting (AGM) 2024 and has consequently determined to step down. The Nomination Committee has determined to advise Kambi co-founder Anders Ström be appointed as Chair on the Kambi AGM 2024.
The Board of Directors of Kambi appointed Ström as Chair with instant impact till the AGM 2024, as Stugemo knowledgeable the Board that he needed to step down.
Stugemo will depart the Board with instant impact and retain to function a member of the Nomination Committee nominated through Kambi’s biggest shareholder Veralda Investment Ltd.
Stugemo said: “After 14 years of an inspiring adventure with Kambi, together with nearly a decade as Chair, I actually have determined, after cautious consideration, now no longer to face for re-election subsequent year. It have become clean that I should, if feasible, directly byskip the management to a person else. In this case, each I and Kambi are lucky that Kambi’s co-founder Anders Ström is likewise a member of the Board and is prepared to right away take over as Chair.
“The Kambi adventure has been remarkable, from early days serving a handful of companions to turning into a marketplace chief with award-prevailing merchandise and esteemed customers across the world. It has been a huge privilege and pleasure to paintings intently and intensively with Kambi, along an inspiring entrepreneur like Anders Ström.”
Ström brings good sized enterprise enjoy to the position as Chair, having based Kindred Group in 1997 after which later co-founding Kambi along CEO Kristian Nylén in 2010. Ström has additionally been a Kambi Board member seeing that its formation.
Ström said: “Lars has made many critical contributions to Kambi’s improvement to turning into the world’s main sportsbook company and, as each a founder and shareholder, I am very thankful for the adventure we’ve undertaken collectively and want him all of the satisfactory in his destiny endeavours.”
“I am honoured to were requested through Kambi’s Board to emerge as its Chair and sit up for main the Board of a organization that’s displaying actual business momentum via latest companion signings and redefining what’s feasible in sports activities having a bet via sizable technological breakthroughs together with AI-powered trading. These achievements now no longer best fortify our role however additionally improve morale and power withinside the organization, paving the manner for destiny successes and growth,” Ström added.
As a contemporary member of the Nomination Committee and the Board of Directors, Ström did now no longer take part withinside the deliberations and next selection concerning his nomination and appointment.