LeoVegas strengthens Group Management team and increases focus on LeoSafePlay and sustainability
July 10 2018 - 1:00AM
LeoVegas Group is making several changes to its
Group Management with the aim to optimise work on driving the
Company's strategic agenda for sustainability and the ongoing
journey of growth, with a further intensified focus on responsible
gaming and LeoSafePlay.
New COO in Malta
Richard Woodbridge has been recruited as LeoVegas' new Chief
Operating Officer (COO) and will have overarching responsibility
for operations at LeoVegas' offices in Malta. Richard will assume
his new role by 7 January 2019 at the latest and will be a member
of LeoVegas' Group Management.
"LeoVegas is the leading GameTech
company in the industry, and I have a passion for working with
fast-growing tech companies," says Richard Woodbridge.
"I am looking forward to being part of LeoVegas'
continued journey of growth and optimising LeoVegas' operations,
with sustainability as a guiding principle."
Richard Woodbridge joins LeoVegas from his role as
COO of Ellos Group, and prior to this he held a corresponding
position at the fast-growing e-commerce company Nelly.com.
Gustaf Hagman, Group CEO, comments: "Richard's background and personality are a perfect fit for
LeoVegas as we continue to focus on growth and sustainability.
Overarching responsibility for operations is growing increasingly
important now that we have some 750 employees, of whom 400 are
based in Malta. LeoVegas is a data-driven company in which we use a
number of key metrics to further improve ourselves and increase our
productivity. This has become even more crucial as we have begun
acquiring companies and working with multiple brands. With his
experience and capacity Richard will make a major contribution to
our growth going forward."
LeoVegas' current COO, Marcus Nylén, will continue
serving in that role in Malta through autumn 2018 until Richard
takes office. Due to Marcus and Louise Nyléns relationship as
closely related persons, Marcus will leave the Group Management
when Richard joins to focus entirely on his role as head of
LeoVegas' global expansion.
New Deputy CEO
Louise Nylén will assume the newly created role of Deputy CEO of
LeoVegas Mobile Gaming Group, stationed in Stockholm. Louise was
formerly Chief Marketing Officer (CMO) of LeoVegas. In her role as
Deputy CEO she will work side by side Group CEO Gustaf Hagman with
strategic issues such as sustainability and value-creating
projects, among other things. Louise will assume her new position
in the Company today the 10th of July.
"In my new role as Deputy CEO I
will have a broader platform to work from, which will enable me to
promote sustainability, growth and value for the Company,"
comments Louise Nylén. "I am very excited to have
this trust and opportunity to continue contributing to LeoVegas'
rapid development."
"Louise has been with LeoVegas
and based in Malta since 2013, holding the position as CMO since
2015," continues Gustaf Hagman, Group CEO of LeoVegas Mobile
Gaming Group. "In that role she has built up a
data-driven and effective market team that is responsible for
LeoVegas' customer acquisition and global brand-building. Much of
the approach in this work can be used across a broader front in the
Company. Louise has also played a key role in building our company
culture and driving sustainability, and I look forward to work with
Louise and all other employees to achieve our financial targets for
2020 of at least EUR 600m in revenue and at least EUR 100m in
EBITDA.
Louise's former role as CMO will be broken up into
several roles in Malta and will thereby be phased out.
LeoSafePlay - new business unit
for next generation responsible gaming system
Rikard Ljungman is leaving his position as Chief Commercial Officer
(CCO) as well as LeoVegas' Group Management to focus entirely on
responsible gaming and LeoSafePlay. LeoSafePlay will be run as a
separate business unit in order to create the best conditions for
the next generation responsible gaming system based on machine
learning. Richard Woodbridge will take over Rikard Ljungman's
CCO-related duties in Malta.
"Rikard was one of the
initiative-takers behind LeoSafePlay, and with his strong product
background, including as CPO for the software company Episerver, he
has the exact right expertise to take the next step to make
LeoVegas the leader in responsible gaming technology and strengthen
our position as a GameTech company," comments Gustaf Hagman,
Group CEO.
For
further information, please contact:
Gustaf Hagman, Group CEO and co-founder:
+46-(0)8-410 367 66, gustaf.hagman@leovegas.com
Philip Doftvik, Head of Investor Relations: +46-(0)73-512 07 20,
philip.doftvik@leovegas.com
About the LeoVegas mobile gaming
group
LeoVegas' passion is "Leading the way into the
mobile future". LeoVegas is Sweden's premier GameTech company
and is at the forefront of using state-of-the-art technology for
mobile gaming. In 2017 the company passed the threshold for being
classified as a unicorn, i.e., a start-up valued at more than USD 1
billion. A large part of this success can be credited to an extreme
product and technology focus coupled with effective and data-driven
marketing. Technology development is conducted in Sweden, while
operations are based in Malta. LeoVegas offers casino, live casino
and sports betting, and operates two global and scalable brands -
LeoVegas and Royal Panda - as well as a local, multibrand operator
collectively referred to as Rocket X. The company's shares are
listed on Nasdaq Stockholm. For more about LeoVegas, visit
www.leovegasgroup.com.
LeoVegas strengthens Group
Management team
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LeoVegas AB via Globenewswire
BNY Mellon Strategic Mun... (NYSE:LEO)
Historical Stock Chart
From Jun 2024 to Jul 2024
BNY Mellon Strategic Mun... (NYSE:LEO)
Historical Stock Chart
From Jul 2023 to Jul 2024