LeoVegas Appoints Chairman Mårten Forste as New COO in Malta

LeoVegas has appointed Mårten Forste, Chairman of the Board, as its new Chief Operating Officer to oversee the company’s Maltese operations. The company’s current COO in Malta, Richard Woodbridge, has accepted an offer in another industry and will leave LeoVegas in May.

Forste will assume his new role on February 3. He will continue in his role as Chairman until the Annual General Meeting in May 2020, where a new chairman will be proposed by the Nomination Committee.

Forste is currently the Chairman of LeoVegas and worked prior to this at Match Group. He has 12 years of experience from the gaming industry, where he successfully worked in various operational roles. Including these roles, Forste has a total of some 20 years of experience with fast-growing technology companies.

“After having served on the Board since 2012, I am proud to join LeoVegas’ operations team. 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,” Mårten Forste 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,” Gustaf Hagman, Group CEO, said.