Lindwall Retains Grip on Betsson: Unveils Magnificent Seven, Boosts Equality
Swedish iGaming giant Betsson AB will unveil a new look Board at its upcoming AGM this May 10, one that underlines the power of CEO Pontus Lindwall, reinforces progressive gender equality measures at the company and strengthens its top level legal and financial expertise.
With the proposed appointment of Eva de Falck and Louise Nylén as independent directors, three of the board’s seven members will now be women.
De Falck, who holds a law degree from Stockholm University, has previously served as General Counsel and member of Group Management for Swedbank and held several senior positions within Handelsbanken.
She is currently a senior consultant, advisor and board member of Skandiabanken, where she is chairman of the board’s risk and audit committee.
Louise Nylén, with a master’s degree in Finance from the Stockholm School of Economics, is currently CEO of Dynamic Code, and has previously been Chief Marketing Officer at Trustly and Vice President and Chief Marketing Officer at LeoVegas.
They will join present female Director Eva Leach.
Chairman John Lundberg, CEO Lindwall and Peter Hamberg have all been proposed for re-election.
The third new board member to be elected is Tristan Sjöberg, who has previously worked with Knutsson Casino, Ladbrokes and TCS JohnHuxley Group, where he is currently Vice Chairman.
Sjöberg, who holds an MBA from Oxford University and a PhD. from the University of East Anglia in the UK, effectively represents the interests of Knutsson Holdings, which holds a 4.55 per cent stake in Betsson and controls 11.75 per cent of votes.
“The nomination committee proposes that the Board [now] consists of seven members, of which four of the members, including the Chairman of the Board, are independent in relation to the company’s management and major owners,” said Betsson in an official statement.
“The proposal implicates a gender distribution with three of the board’s members being women.”
Under Sweden’s Code of Corporate Governance, only one director on any company board is allowed to be a member of the firm’s senior management team.
That member on the Betsson board will be Lindwall, who beat off a boardroom coup last year and retains his grip on the company founded by his father Bill in 1963, which has grown from a single slot machine in a local restaurant to one of today’s top iGaming operators.