Kambi Group, a leading provider of sports betting technology and services, has announced that its CEO and co-founder Kristian Nylén will step down from his position in 2024. Nylén has informed the board of his intention to resign as CEO and has been nominated for election to the board at the 2024 Annual General Meeting (AGM).
A successful journey from co-founder to CEO
Nylén has been the CEO of Kambi Group since its inception in 2010, when he co-founded the company with Anders Ström, who is currently the chairman of the board. Under Nylén’s leadership, Kambi Group has grown from a start-up to a global leader in the sports betting industry, serving over 40 customers across six continents, including some of the most prominent operators such as Kindred Group, LeoVegas, Rush Street Interactive, and Bally’s Interactive.
Nylén has also overseen the development and expansion of Kambi Group’s product portfolio and service offerings, which include sportsbook platform, managed trading services, player account management, Shape Games, and Abios. Kambi Group has been recognized for its excellence and innovation in the industry, winning several awards and accolades over the years.
Nylén said that his decision to step down was driven by his wish to spend more time with his young and growing family. He also expressed his gratitude to the board, the management team, and the employees for their support and dedication. He said that he was honored to accept the nomination committee’s proposal to join the board, pending his election at the AGM. He added that he would continue to focus on advancing Kambi Group in his current role until a successor is appointed.
A smooth transition and a bright future
The board of Kambi Group has initiated a search process for a new CEO, with the aim of finding a suitable candidate who can lead the company to the next level of growth and success. The board said that it would provide updates on the progress of the search as they become available.
The chairman of the board, Anders Ström, praised Nylén’s role and contribution to the company. He said that Nylén’s strategic insight and steadfast commitment have been instrumental to Kambi Group’s many achievements. He also said that Nylén’s potential transition to the board was a testament to his extensive industry knowledge, which would continue to significantly benefit Kambi Group. He said that he was confident that Nylén’s insights and proficiency would continue to drive the company forward and create value for the shareholders.
Kambi Group has also highlighted its long-term commercial prospects, bolstered by the addition of new key partners such as Svenska Spel and LiveScore Group, and by developing new B2B services led by the new units of Shape Games and the esports technology unit, Abios. Kambi Group said that it remains committed to delivering the best sports betting experience to its customers and end-users, and to maintaining its position as the industry’s number one sportsbook supplier.
