Fredrik Burvall, CEO of Cherry, is to leave his position this summer, citing family reasons.
The Cherry board has appointed Anders Holmgren as acting CEO until a new chief executive has been recruited.
Holmgren is currently a board member of Cherry and one of the founders of Betsson, where he also held the role as the CEO for Betsson Malta.
Burvall has worked at Cherry for more than 10 years, as CEO and previously as CFO. He will remain within Cherry and continue to support the company until summer.
Rolf Åkerlind, chairman, said: “Fredrik has been CEO during a busy period when the company has expanded rapidly and been very successful.
“During the last two years, Cherry’s turnover has grown 137 per cent and the company has completed seven acquisitions. It has been a period that has required a heavy workload, in particular from Fredrik.
“I am extremely grateful for the dedication and hard work Fredrik has given the company.”
Burvall said: "I am extremely proud of having been part of the development of the company which has led to a revaluation of Cherry as a company. Cherry is today well positioned for the future with five strong business areas, each with strong management teams.
“I would like take this opportunity to say 'thank you' to all colleagues and the board of directors for our time together, with best wishes for continued success in the future."
