Cherry Chief Executive Fredrik Burvall steps down

f Executive of Swedish gaming operator Cherry, Fredrik Burvall has announced plans to leave the company, with former Betsson Malta CEO, Anders Holmgren taking over on a temporary basis.

Burvall is said to be leaving for family reasons after more than ten years with the company, having initially served as chief financial officer before taking over as CEO from Emil Sunvission in December 2014.

Rob Åkerlind, Chairman of the Board comments: “Fredrik has been CEO during a busy period when the company has expanded rapidly and been very successful. During the last two years, Cherry’s turnover has grown 137% and the company has completed seven acquisitions.

“It has been a period which has required a heavy workload, in particular from Fredrik. I am extremely grateful for the dedication and hard work Fredrik has given the company.”

Fredrik Burvall adds: “I am extremely proud of having been part of the development of the company which has led to a revaluation of Cherry as a company. Cherry is today well positioned for the future with five strong business areas all with strong management teams.

“Although I will continue with Cherry until the summer, I would like to take this opportunity to say thank you to all colleagues and the board of directors for our time together, with best wishes for continued success in the future.”