Danske Spil appoints new CEO

Denmark’s state-controlled gambling operator Danske Spil has chosen Nikolas Lynhe-Knudsen to head the company from October. 

Denmark.- State-controlled gambling operator Danske Spil has appointed Nikolas Lynhe-Knudsen to replace current CEO Susanne Mørch Koch from October 1.

Lynhe-Knudsen is currently an executive board member and a director of economics, technology and media production at the Danish Broadcasting Corporation (DR).

He previously occupied several key positions in business and government, including a decade spent at the Danish Ministry of Finance.

He said in a statement: “I am extremely proud to be part of a historic company that has been [operated] for the benefit of the whole of Denmark for more than 70 years.

“Together with the rest of the team at Danske Spil I look forward to continuing to secure the financial foundation under the associations and more than 1,300 initiatives in, among other things, cultural life, sports, health and the protection of the environment and climate, which benefit every year through the distribution funds from over DKK1billion from Danske Spil’s lotteries.”

Peter Christensen, who was recently appointed as Head of the Board at Danske Spil, said: “I am delighted to welcome Nikolas Lyhne-Knudsen to Danske Spil as new CEO on behalf of the board of directors.

“[Lyhne-Knudsen] has the right skills and personal qualities to continue this important community mission and lay the foundation for the future of Danske Spil.”

Danske Spil saw revenue grow by 0.8 per cent to €164.8million in Q1, with lottery growth making up for declines in other areas.