Swedish Operator LeoVegas Unveils New CFO

The online casino known for its mobile gaming has announced that Stefan Nelson will step in as the organisation’s new CFO replacing the outgoing Viktor Fritzén.

LeoVegas logo

The new CFO is expected to start in August 2018.

Fritzén’s departure has been expected for some time, although, the former CFO will not be leaving the company altogether. He will instead carry on in a Senior Advisory capacity focusing on growth and value creation strategies.

The new man in charge of the organisation’s financials will officially start in August and brings with him 20 plus years of experience, not excluding time spent within the iGaming industry where he has held previous positions as an equity analyst.

Speaking at Stefan Nelson’s official announcement, current LeoVegas CEO Gustaf Hagman spoke of his excitement at the appointment. “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 a great addition to the management team and my right hand.”

The Swedish based gaming operator has made a string of high profile mergers and acquisitions recently with the majority stake purchase in CasinoGrounds and the €120 million deal for rival casino Royal Panda. This may be a trend that is set to continue as the CEO specifically referenced Nelson’s knowledge in this field.

“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.”

The incoming CFO is eager to get started and had a few words for the media after his appointment was announced.

I think it will be incredibly stimulating to start working at LeoVegas, which is one of the fastest growing companies on the Stockholm Stock Exchange. 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.Stefan Nelson, New CFO, LeoVegas

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