Emil Sunvisson, CEO for Swedish operator Cherry, is to step down. Sunvisson (pictured) will be replaced initially by Fredrik Burvall, who assumes the position of acting CEO having previously served as vice president and CFO.
In another significant change, Morten Klein takes on a new role in business development and partnerships. Klein, currently the company's largest shareholder, will be working closely with the management team in Malta focusing on online gaming.
Chairman Rolf Åkerlind said: "Cherry's long-term strategy is generating continued growth in online gaming, both through organic growth and acquisitions, with the goal of reaching profitability in this area as soon as possible.
“This means that the duties of the management team in Stockholm have changed. Therefore, the board has decided to select Fredrik Burvall as acting CEO, while Morten Klein will begin working closely with the management team in Malta on issues related to business development and partnerships,"
"I would like to extend our appreciation to Emil Sunvisson for his time as CEO,” added Åkerlind.
“Emil has played a critical role in turning Cherry into a gaming company that is well positioned for the future.”
