Kristian Nylén to step down from role as CEO at Malta-headquartered Kambi Group

Malta-headquartered iGaming company Kambi Group has announced that CEO and Co-Founder Kristian Nylén has informed the Board of Directors of his intention to step down from his position during the year, upon the appointment of a successor.

Since he co-founded Kambi Group, a B2B provider of premium sports betting services to licenced B2C gaming operators, with Anders Ström in 2010, Mr Nylén has steered the company to various milestones, leading it to becoming a leading sportsbook supplier.

The Nomination Committee has proposed Mr Nylén for election to the Board of Directors at the forthcoming 2024 Annual General Meeting (AGM).

Commenting on the announcement, Mr Nylén said that this decision to stand down from his position after so many years was “difficult” but one that is predominantly driven by his desire to spend more time with his young and growing family.

“As Co-Founder, my heart and professional allegiance remain firmly with Kambi, therefore, I am honoured to accept the Nomination Committee’s proposal to join the Board. Pending my election at the forthcoming AGM, I look forward to focusing more intensively on the strategic aspects of our business, however, my immediate attention remains on driving Kambi forward in my current role,” he added.

Mr Ström, Chair of the Board of Directors, lauded Mr Nylén’s vital contributions to the company, stating that he was “critical in positioning Kambi as a frontrunner” in the sector.

“His strategic foresight and unwavering commitment have been central to our many achievements over the years,” he remarked, before adding that he is delighted that Mr Nylén has been proposed for the Board of Directors, “where his extensive industry knowledge will continue to greatly benefit Kambi”.

Mr Ström added that he is “confident” that Mr Nylén’s insights and proficiency will “persist in advancing the company” and creating value for Kambi Group’s shareholders. “His potential transition to a Board position reflects his enduring dedication to Kambi as both a Founder and a major shareholder, while also ensuring a consistent and stable strategic course for the company,” he explained.

He confirmed that the search for a new CEO will “commence immediately” and that further updates will be provided as soon as they are available.

Kambi Group provides a range of services, including front-end user interface all the way to odds compiling and customer intelligence. It has over 40 customers and employs more than 1,000 staff across its offices in Malta (headquarters), Australia, Denmark, Philippines, Romania, Sweden, the United Kingdom, and the United States.