Kindred Group CEO Henrik Tjärnström steps down after CFO’s departure earlier in week

Nils Andén has been appointed Interim CEO after Tjärnström’s near-13-year tenure in the role.

Kindred Group (Kindred) has announced the resignation of CEO Henrik Tjärnström. Effective immediately, the Board of Directors has appointed Nils Andén as Interim CEO. This announcement comes just days after the resignation of Johan Wilsby from his role as Kindred’s CFO.

Andén has been with Kindred since 2020, rejoining the company in the role of CCO for Scandinavia, East and South Europe and North America. In the past, he has also served as Kindred’s Head of Poker and Head of Established Markets between 2006 and 2016.

Tjärnström said, “I am very pleased with the Board of Directors’ choice of Nils Andén as the interim CEO, guaranteeing a smooth handover.”

Kindred’s recent strategic review and Q1 report revealed that while the company reported a 24% revenue rise year-on-year, the Board is still currently unanimous in exploring other options for the future. Either a merger or sale of the company could be on the cards.

During the last quarter of 2022, high-risk players comprised 3.3% of Kindred’s gross winnings revenue, which Tjärnström previously commented on, as the company aims to reduce this figure.

In April Tjärnström said, “I look forward to following the holistic approach and collaboration across teams within Kindred. Responsible gambling is not a factor only for one team, but something that every single employee contributes to through their knowledge and commitment to reducing harmful revenue.”

Now, after Tjärnström’s departure, Kindred’s Chairman of the Board, Evert Carlsson, has said, “Henrik has been at the helm through many important milestones passed by Kindred and has undoubtedly put his mark in both the history of the Company and the industry.

“The Board of Directors deems that Nils is ideally suited to assume this role in these pivotal times for Kindred.”

Stephanie Feeley

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