Revolving Doors At Kambi But Kristian Nylén Keeps Company In The Know

Legendary iGaming pathfinder Kristian Nylén is to step down as CEO of Swedish-origin Kambi, the betting tech company he co-founded in 2010 with current group Chair Anders Ström.

Market-leading Kambi–who feature top iGamers Bally Interactive, LeoVegas and Rush Street Interactive among their elite client list–made the announcement today, January 8.

Nylén (pictured, left) will stay in office until the Board of the Stockholm Nasdaq-listed B2B company finds “a suitable” replacement.

“The decision to step down from my position at Kambi after so many enjoyable years has been difficult,” conceded Nylén, who has been Kambi’s sole CEO since foundation.

“But it is primarily driven by my wish to spend more time with my young and growing family.

Loyalty

“As a Co-founder, my heart and professional loyalty remain firmly with Kambi.

“[So] I am honoured to accept the Nomination Committee’s proposal to join the Board.

“Pending my election at the forthcoming Annual General Meeting, I look forward to dedicating more attention to the strategic aspects of our business. However, my immediate focus is on advancing Kambi in my current role.”

Boosted by powerful new partnerships with national Swedish gambling provider Svenska Spel and the LiveScore Group and recent innovations with Abios and Shape Games, Nylén’s impending departure from his current front-rank executive role leaves Kambi in robust economic health.

“Kristian’s role has been pivotal in establishing Kambi as a leader in our sector. His strategic insight and steadfast commitment have been instrumental to our many achievements,” affirmed his fellow company Co-founder Ström.

“Kristian’s insights and proficiency will continue to drive the company forward and create value for our shareholders.

“His transition to the Board is a reflection of his enduring dedication to Kambi, both as a founder and a major shareholder.

“[And] it ensures a steady and stable strategic direction for the company.”