Paf CEO departs following strategy fallout
??land-based firm parts ways with Anders Ingves after the two parties disagreed on the operator's growth plans
Paf chief executive Anders Ingves has left the firm following a disagreement with its board of directors over the future of the operator’s international expansion strategy.
??land-based operator announced yesterday its long-serving CEO will be replaced by chief financial officer Johan Rothberg on an interim basis until a full-time appointment is made.
During a press conference on ??land, the operator said it had parted ways with Ingves due to different views on how international growth can be achieved.
He leaves the operator after nearly seven years as chief executive following his appointment in April 2009.
“Anders Ingves has done a very good job and has taken Paf a big step forward,” chairman of the Paf board, Jarl Danielsson, said.
“But the challenge remains to continue growing in international markets and we believe that Paf needs a different type of leader for this task,” Danielsson added.
Italy has long been cited as a key part of Paf’s international strategy after the operator entered the market for the first time last year following its acquisition of Winga from the Buongiorno Group.
The Milan-based egaming operator now operates as a wholly owned subsidiary of the Paf group, offering its customers casino, poker and bingo products.
Paf also holds a licence to offer egaming products in the Spanish online gambling market.