Related Articles Share StumbleUpon Share Submit GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth July 24, 2020 Stockholm-listed industry games developer NetEnt AB, has disclosed that Chief Executive Per Eriksson has departed the company with immediate effect.This morning the NetEnt board released the following statement: “NetEnt has decided that Per Eriksson is to step down as president and CEO with immediate effect. The recruitment process will be initiated immediately, and a new CEO will be presented as soon as possible.”NetEnt governance has moved to appoint Chief Financial Officer Therese Hillman as acting interim leader, as the company undertakes its executive search for Eriksson’s replacement.Updating investors, NetEnt governance details that a new leadership direction is needed to tackle the firm’s current growth blocks.Vigo Carlund, Chairman of NetEnt AB commented on the corporate update: ”NetEnt has developed well over many years and several parts of the business are still developing well, for example in regulated markets, but the overall performance of the group has not been as it should”.“The board believes that NetEnt needs a new driving force to reverse the trend and increase the focus on growth. The value creation potential in NetEnt remains significant.Acting as NetEnt CEO since 2012, Eriksson has developed NetEnt into one of the industry’s leading games developers, significantly increasing the firm’s content output and commercial pipeline.“The online gaming market has structural growth driven by the migration from offline to online gaming. The company has a solid balance sheet and a strong brand name in its segment of the market. The board would also like to extend its gratitude to Per Eriksson for his time as CEO for NetEnt” Carlund added.