Kambi Group plc co-founder and CEO Kristian Nylen informed the company's board of directors of his intention to step down from his position later this year, the board announced Monday.
Nylen, who co-founded the sportsbook supplier with Anders Strom in 2010, intends to leave the position at some point in 2024 upon the appointment of a successor. A pioneer for in-game betting in the post-PASPA era, Kambi is widely viewed as one of the top business-to-business (B2B) sports betting suppliers in the industry.
Nylen cited a desire to spend more time with his family as the primary reason for his resignation. Kambi's nomination committee also endorsed Nylen for election to the board at the 2024 Annual General Meeting (AGM) in May.
“The decision to stand down from my position at Kambi after so many enjoyable years has been difficult,” Nylen said in a statement. “As co-founder, my heart, and professional allegiance remain firmly with Kambi, therefore, I am honored to accept the Nomination Committee's proposal to join the Board.”