Lars Stugemo has decided to stand down as chair of Kambi Group after almost 10 years in the role and Kambi co-founder and board member Anders Strom is to take his place.
The board of Kambi appointed Strom as chair with immediate effect until the AGM 2024. Stugemo will leave the board with immediate effect and continue to serve as a member of the nomination committee nominated by Kambi’s largest shareholder, Veralda Investment.
Stugemo said: "After 14 years of an inspiring journey with Kambi, including almost a decade as chair, I have decided, after careful consideration, not to stand for re-election next year.
"It became clear that I should, if possible, promptly pass the leadership to someone else. In this case, both I and Kambi are fortunate that Kambi’s co-founder Anders Strom is also a member of the board and is ready to immediately take over as chair.
“The Kambi journey has been remarkable, from early days serving a handful of partners to becoming a market leader with award-winning products and esteemed clients around the world.
"It has been an immense privilege and joy to work closely and intensively with Kambi, alongside an inspiring entrepreneur like Anders Strom.”
