Kindred Group CEO Henrik Tjärnström steps down with immediate effect

Kindred Group made a surprise announcement late on Wednesday that its Chief Executive Officer, Henrik Tjärnström, had stepped down with immediate effect. The Board of Directors moved to swiftly appoint Nils Andén as interim CEO at the same time.

A press release detailed the shift in leadership at the helm of one of the biggest and most significant gambling companies. Andén thanked the Board of Directors for his appointment and said that he was looking forward to working with the Board, the executive management team, and all employees at the group.

Andén is a group veteran who held various positions within the company between 2006 and 2016 when he worked as Head of Poker, Head of Established Markets and Chief Marketing Officer under the Unibet brand. He rejoined the company in 2020 and was now thankful to have the opportunity and help the group scale its business model.

Commenting on the appointment of Andén, Tjärnström said that the man would make the best fit for interim CEO. The now ex-Chief Executive thanked the Board for making the transition smooth. Meanwhile, Andén’s appointment was welcomed by Board of Directors Chairman Evert Carlsson who thanked Tjärnström for his dedicated service and guidance that helped the group achieve many milestones.

The man has been instrumental to Kindred Group’s broader success and Carlsson commended him for his dedicated service while wishing him luck in his future endeavors. Carlsson similarly said that he was excited to see Andén step in as interim CEO. He hailed the man as knowledgeable and a seasoned industry veteran who understands Kindred Group and the market.

Kindred Group has confirmed that the change in leadership would in no way impact its finances and confirmed its guidance. The Group has been experiencing some significant changes. The first-quarter results were revealed with a caveat that the Group would consider a sale or business merger, more information about which will only be announced if and when a decision is reached.

No specifics as to why Tjärnström had decided to leave abruptly were outlined in the press statement with more information possibly forthcoming.

Image credit: Kindred Group