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Net Gaming Names Andersson As CEO Teilman's Replacement
Online gaming affiliate business Net Gaming Europe as appointed Robert Andersson as its new Chief Executive Officer and President with immediate effect.
Andersson joins Net Gaming having most recently served as Chief Executive Officer of Enlabs and also spent time in the same role at affiliate giant Catena Media.
He replaces Marcus Teilman, who has stepped down as Chief Executive Officer effective 21st February.
"Net Gaming is in an exciting position in a very dynamic market," Andersson said. "It will be incredibly exciting to work with the team at Net Gaming to accelerate growth and create the next chapter in Net Gaming."
Net Gaming said that the decision to bring in Andersson to replace Teilman is to "create better conditions" for the business to return to growth and also maintain profitability and generate shareholder value.
Earlier today, Net Gaming reported a year-on-year drop in revenue and profit in 2019, saying the introduction of new local regulations in Europe had made for a challenging year for the business.
Revenue for the year amounted to €14.3m (£12.0m/$15.4m), down 23.1% from €18.6m in the previous year, while profit after tax fell 37.2% to €4.9m.
Net Gaming Chairman Henrik Kvick said, "After a challenging 2019, we are in need of change and new energy. With Robert, we are getting a CEO who has successfully driven growth companies in our industry and built forward-looking and innovative organisations at a fast pace and with high execution power.
"Robert will capitalise on the great potential of lead generation globally and lead the Company back to organic growth."
Kvick also paid tribute to the outgoing Teilman, saying, "Marcus has led Net Gaming's transformation from a small gaming operator to a leading player in lead generation.
"I and the entire board thank Marcus for his time and great commitment to Net Gaming and wish him all the best in the future."
Net Gaming Europe
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