Stefan Lundborg has turned in his resignation to Kindred Group. He is resigning from his role as non-executive Director with immediate effect.
The resignation is closely related to the investigation of Lundborg for insider crime by the Swedish Economic Crime Authority (SECA). Kindred has no further information about the investigation at this time and is cooperating fully with the Public Prosecutor and the SECA. The company is doing everything to assist the authorities in its investigation.
An Unavoidable Move
Representatives from the Kindred, which recently teamed up with NYX, say that the resignation was unavoidable and emphasize that no other representative from the company is under any suspicion of misconduct.
“The resignation of Stefan Lundborg was unavoidable considering the investigation against him by the Swedish Economic Crime Authority. The Board would like to emphasize that no other representatives of the company have been served any suspicion of misconduct and neither is the company itself under any suspicion,” said Anders Ström, Chairman of the Board at Kindred Group.
More About Kindred
Over the course of 20 years, Kindred has brought together 11 of Europe’s most successful online gambling brands to form one of the largest online gambling companies in the world. The company offers 25 million customers a great form of digital entertainment and operates a multi-brand business where they engage with customers through a portfolio of global brands. It employs roughly 1,700 people and is listed on Nasdaq Stockholm Large Cap and is a founding member of the European Gaming and Betting Integrity Association.
Source: “Stefan Lundborg leaves the Board of Directors at Kindred Group“. Kindred Group. December 4, 2020.