LeoVegas AB Announce COO Mårten Forste

Stockholm-listed LeoVegas AB has announced that the new Chairman of the Board, Mårten Forste, will take the position of Group COO to supervise the’ overarching responsibilities’ of the Maltese operations of the company.

The appointment will see Forste maintain his position as Chairman until the next AGM scheduled for May 2020 by LeoVegas, where a new corporate governance chief will be named by the company’s Nominations Committee.

Forste has served as chairman of LeoVegas since 2017, acting as a corporate advisor to LeoVegas since the start of the online gambling group in 2011.

Forste is the former COO of Match.com, where he managed operations for flagship dating brands Match, Meetic and Tinder, a specialist in implementing digital campaigns and controlling development for large-scale companies.

“After having served on the Board since 2012, I am proud to join LeoVegas’ operations team,” he said. “The gaming market is dynamic, and I am convinced that we are in the best possible place to further strengthen our position as market leader in the casino segment.

“I look forward to working further on the course charted by the management team, creating shareholder value and continuing to take market shares by delivering a safe, sustainable and entertaining customer experience.

LeoVegas has also reported that current Group COO Richard Woodbridge has accepted an offer to enter another business and will leave the company’s executive team at the end of May.

Gustaf Hagman, Group CEO, said:”It is truly unfortunate to lose such an ambitious and talented person as Richard Woodbridge. He is highly appreciated in the company, and I wish him success in the future. Mårten is the perfect successor, as he has been with LeoVegas from the start and is a strong contributing force behind our strategy and operations.

“He has good knowledge about all parts of LeoVegas and our culture, and he knows what we need to do to further develop the company and be ‘King of Casino’. His experience clearly makes him the right person to further build upon what Richard has started.”