Betsson director Nord resigns from board with immediate effect

Nord has stated the reason for his decision is to “prioritise other commitments that require greater efforts in the future”.

Nord becomes the latest high profile departure at Betsson in recent months.

Founder and long serving CEO Pontus Lindwall announced he was stepping down from his position last month, after serving the company for two terms.

This in turn led to the resignation of chairman Patrick Svensk a week later, who was told he no longer had the full confidence of Betsson’s major shareholders after the way that Lindwall’s departure was handled. He was replaced by Johan Lundburg.

Nord’s exit, however, does not appear to be related to the other departures.

On Nord’s departure, Lundburg said: “I would like to extend a warm thank you to Jan Nord for his valuable contributions to the Board for the last six years.”

Nord departs following a year where Betsson was able to strengthen its global presence.

The company gained a foothold in Latin America through the acquisition of Inkbet, the acquisition of a 35% stake acquired in Strive Platform created more opportunities in the US market, and Betsson also obtained Greek betting and gaming licences.