Swedish-based gaming technology company, LeoVegas Mobile Gaming Group, has announced the appointment of Stefan Nelson as the company’s new CFO following the prepared departure of Viktor Fritzén.

Fritzén is leaving the role which he began in 2012 in order to ‘focus his work on strategic topics pertaining to growth and value creation’ and will take up a Senior Advisor position within the gaming firm.

Nelson will take the helm on 22 August bringing with him more than 20 years of financial experience including  positions within the gaming industry where he has served as an equity analyst.

Announcing the appointment, Gustaf Hagman, CEO LeoVegas Mobile Gaming Group, said that: "I am extremely pleased to recruit Stefan Nelson as new CFO to LeoVegas. With his deep expertise in finance and a sense of both the business and the gaming industry, combined with having been Sweden's most renowned gaming analyst, Stefan will be an addition to the management team and my right hand. Stefan's broad and deep knowledge within M&A will also be an asset to us in the future. Furthermore, I was looking for a person who has a unique feeling for numbers and the ability to see them in the right context. That is a gift Stefan has.”

Incoming LeoVegas CFO Stefan Nelson added: "I think it will be incredibly stimulating to start working at LeoVegas, which is one of the fastest growing companies on the Stockholm Stock Exchange. In my role at SEB, I led LeoVegas’ IPO in 2016, and have been familiar with the company and management team ever since. LeoVegas has impressively achieved a leading position in a large and fast-moving industry that is still in an early development phase.

“I am deeply impressed by the company's unique corporate culture, which is perhaps the most important explanation for its success. And I look forward to being part of and contributing to the continued growth journey that Gustaf and his team have set out for the future.”