Malta, 4 April, 2019
Kambi Group plc appoints Cecilia Wachtmeister as EVP Business & Group Functions
Wachtmeister will stand down from Kambi Board at this year's AGM to take up position on Executive Management team
Kambi Group plc has strengthened its Executive Management team with the appointment of current Board member Cecilia Wachtmeister as EVP Business & Group Functions.
Wachtmeister, who joined the Kambi Board in 2017, brings a wealth of experience following a distinguished career at telecommunications giant Ericsson AB, where she held a number of senior titles, including her most recent position as Vice President, Group Sourcing.
Reporting into Kambi Chief Executive Kristian Nylen, Wachtmeister will split her time between Kambi's London and Stockholm offices and assume responsibility for the Group's Commercial, Marketing Communications, Strategy and Human Resources functions.
As a result of joining the Kambi Executive Team, Wachtmeister will stand down from the Kambi Board at the Company's Annual General Meeting in May.
Kristian Nylén, Kambi Chief Executive, commented: "Cecilia has proven to be a major asset to the Kambi Board over the past two years, demonstrating her business acumen and ability to gain a quick and detailed understanding of Kambi and its competitive landscape.
"While I'm sure the Board will miss Cecilia's unquestionable talent, I'm delighted to welcome her to the Executive Management Team, where her passion and valuable experience will assist Kambi's smooth transition from mid-tier company to large organisation."
Wachtmeister added: "I'm delighted to become EVP Business & Group Functions at Kambi, a company I have had the pleasure to watch grow impressively during a period of immense change in the global sports betting industry.
"My time on the Board has afforded me valuable insight into Kambi, its culture and people - a team I'm now tremendously proud to become part of - and I look forward to contributing when the company take its next steps in this exciting growth phase."
For further information, please contact:
Head of Investor Relations
Tel: +44 785 091 0933
Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi's 20-plus customers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Napoleon Games and Rush Street Interactive. Kambi employs more than 700 staff across offices in Malta (headquarters), Romania, the UK, Philippines, Sweden, Australia and the United States.
Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.
The information in this report was sent for publication on 4 April 2019 at 11:00 CET by CEO Kristian Nylén.