Swedish mobile gaming company and provider of online casino and sports betting services, LeoVegas has appointed Stefan Nelson as its new Chief Financial Officer (CFO) in a move that will strengthen group management. Nelson, who currently serves as Director at Swedish financial group Skandinaviska Enskilda Banken (SEB) AB (SEB Corporate Finance) will assume the new role starting this year on August 22, when LeoVegas Group’s current CFO and former equity analyst at Goldman Sachs, Viktor Fritzén, takes on his new Senior Advisor role.
According to the press release (pdf), Nelson possesses nearly two decades of finance experience. In addition to other positions, he has been an equity analyst for the gaming sector, which brings with it significant industry knowledge, including a working understanding of major trends as well as operational activities and product knowledge. Combined with a wide scope of M&A experience, this will enable Nelson to become a future key player for LeoVegas.
Commenting on the appointment, Nelson said that he believes it will be “incredibly stimulating” to begin work at LeoVegas; one of the fastest growing firms on the OMX.
“In my role at SEB, I led LeoVegas’ IPO in 2016, and have been familiar with the company and management team ever since. LeoVegas has impressively achieved a leading position in a large and fast-moving industry that is still in an early development phase. I am deeply impressed by the company’s unique corporate culture, which is perhaps the most important explanation for its success. And I look forward to being part of and contributing to the continued growth journey that Gustaf and his team have set out for the future,”explained Nelson.
For his part, LeoVegas Mobile Gaming Group CEO and co-founder, Gustaf Hagman, said that he is “extremely pleased” that the company recruited nelson as its new CFO.
“With his deep expertise in finance and a sense of both the business and the gaming industry, combined with having been Sweden’s most renowned gaming analyst, Stefan will be an addition to the management team and my right hand. Stefan’s broad and deep knowledge within M&A will also be an asset to us in the future. Furthermore, I was looking for a person who has a unique feeling for numbers and the ability to see them in the right context. That is a gift Stefan has,” said Hagman.
LeoVegas Gaming Ltd. is a subsidiary of parent company LeoVegas AB (LEO:Stockholm).