Per Eriksson Is No Longer NetEnt’s CEO

Publish: 19.04.2018

The Swedish online games developer NetEnt has announced the company has decided to replace the firm’s current Chief Executive Officer Per Eriksson.

Following the announcement, the Stockholm-headquartered gaming giant released a statement saying it had decided that Per Eriksson was to step down as president and Chief Executive Officer with immediate effect.

An Unexpected Move

The company stated the recruitment process would be initiated immediately, and a new CEO would be presented as soon as possible.

Until the search for the new CEO is not over, NetEnt governance has named Therese Hillman, the company’s Chief Financial Officer, as the provisional leader.

According to available information, NetEnt has decided to make such a radical move in order to increase focus on long-term growth for the company.

Focusing On Growth

Commenting on the somewhat surprising move, Vigo Carlund, Chairman of NetEnt AB, said that NetEnt had developed well over many years and several parts of the business were still developing well, for example in regulated markets, but the overall performance of the group had not been as it should.

He added the Board believed the company needed a new driving force to reverse the trend and increase the focus on growth, and stated the value creation potential in NetEnt remained significant.

Carlund also said the online gaming market had structural growth driven by the migration from offline to online gaming and that the company had a solid balance sheet and a strong brand name in its segment of the market.

He used this opportunity to thank Per Eriksson for his time as NetEnt’s CEO.

Per Eriksson had been NetEnt’s Chief Executive Officer since 2012, helping the Swedish side to become one of the biggest names in the online gaming industry, significantly increasing its presence in regulated markets around the world.