Net Gaming has appointed Robert Andersson as its new Chief Executive and President, replacing the departing Marcus Teilman.
The appointment came into place with immediate effect, with Teilman having left the company on 21st February.
Creating “better conditions”
According to Net Gaming, the decision to appoint Andersson was to “create better conditions” for a return to business growth.
Andersson has prior experience within the iGaming affiliate space, having been Chief Executive for Catena Media in the past. Most recently, he was in the same position at Enlabs.
After joining, the company’s new Chief Executive shared his excitement about the future. He believes that “Net Gaming is in an exciting position in a very dynamic market”, while also adding the below.
“It will be incredibly exciting to work with the team at Net Gaming to accelerate growth and create the next chapter in Net Gaming.”
Attempting to bounce back from a tough year
Net Gaming released its financial results for 2019 last year last week, in which it reported a 23.1% drop in annual revenue. This totalled €14.3 million, compared to €18.6 million in 2018.
Profit also suffered a sharp decline. Before tax this was €5.3 million, 36.9% lower than the previous year . And after dues were paid to the government, the €4.9 million figure represented a 37.2% decrease on 2018’s €7.8 million.
That signalled a need for change, according to Chairman Henrik Kvick. His thoughts on the appointment of Andersson were as is written below.
“After a challenging 2019, we are in need of change and new energy. With Robert, we are getting a CEO who has successfully driven growth companies in our industry and built forward-looking and innovative organisations at a fast pace and with high execution power.
“Robert will capitalise on the great potential of lead generation globally and lead the Company back to organic growth.”
Kvick did, however, express his gratitude to Teilman’s efforts as NetGaming CEO.
“Marcus has led Net Gaming’s transformation from a small gaming operator to a leading player in lead generation.
“I and the entire board thank Marcus for his time and great commitment to Net Gaming and wish him all the best in the future.”