Global Gaming CEO has stepped down as executive chairman with immediate effect amid takeover.

Tobias Fagerlund was appointed acting CEO of Global Gaming on April 29, 2019 and has been the permanent CEO of the company since July 2, 2019.

“It is my opinion that Tobias during his time as CEO led Global Gaming in a very meritorious way. Tobias has implemented a large package of restructuring measures and shown evidence of a strong and clear leadership that was absolutely necessary for the company. Tobias has thus with great success laid a good foundation for Global Gaming’s future operations. Now, however, the company is facing a new phase and we have identified a number of measures necessary to further strengthen the company’s position. The CEO has worked from Stockholm, where he has been the company’s only employee, and there is a need for leadership to operate where our operating units are allocated, in Estonia and Malta.

On behalf of the board and the company, I would like to thank Tobias for his work, and would like to point out that during the time I have been chairman of the board, we have had a very good collaboration and that I look forward to continuing in various forms “comments Niklas Braathen, Chairman of the Board of Global Gaming.

Tobias Fagerlund leaves his position with immediate effect but is at the disposal of the board and the company. The Board has appointed Board member Christian Rasmussen as Acting CEO. Rasmussen, who will take up the position immediately, will handle it on a consultative basis.

The Board intends to initiate a recruitment process with the aim of seeking a new CEO for Global Gaming.