NetEnt CEO was removed by the board of directors

The board of directors of global gaming company NetEnt have announced the departure of its CEO and President Per Eriksson, effective immediately.

To increase focus on the company’s long-term growth, the board of directors of NetEnt said on Monday that Eriksson (CEO and President since 2012) has been replaced.

“NetEnt has developed well over many years and several parts of the business are still developing well, for example in regulated markets, but the overall performance of the group has not been as it should,” chairman Vigo Carlund explained.

“The board believes that NetEnt needs a new driving force to reverse the trend and increase the focus on growth.”

As the company undertakes its executive search for Eriksson’s replacement, NetEnt’s board of directors appointed Chief Financial Officer Therese Hillman as acting interim leader.

“The value creation potential in NetEnt remains significant,” Carlund added. “The online gaming market has structural growth driven by the migration from offline to online gaming. The company has a solid balance sheet and a strong brand name in its segment of the market. The board would also like to extend its gratitude to Per Eriksson for his time as CEO for NetEnt.”