Jan Nord departs Betsson board

Nord will leave his position on Betsson’s board with immediate effect.

Sweden.- It’s another goodbye at Betsson as the Swedish operator announces the immediate exit of Jan Nord from the board of directors after six years. His departure is the third high-profile resignation in recent weeks.

Betsson’s founder Pontus Lindwall announced he was stepping down last month, marking the end of a second tenure as CEO that began in 2017. Lindwall first served as Betsson CEO from 1998 to 2011.

His exit was followed by that of chairman Patrick Svensk, after he was told he no longer had the full confidence of major shareholders because of the way Lindwall’s departure was handled. Svensk has been replaced by Johan Lundburg, who joined Betsson’s board in 2018.

Betsson said that Michael Knutsson, chairman of the nomination committee, had expressed “full confidence and support” for the company’s remaining board members.

Nord said he was leaving the board to “prioritise other commitments that require greater efforts in the future”.

Lundburg said: “I would like to extend a warm thank you to Jan Nord for his valuable contributions to the Board for the last six years.”

Betsson announced last week that he would depart once a new CEO is found, having completed his goals following a record quarter for earnings.