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Kindred Group CFO Johan Wilsby will leave his position in autumn 2023 after serving in the role for three years.

An executive search process has been initiated to find the successor of Wilsby, who assumed the CFO position at the Stockholm-listed operator in September 2020.

Wilsby had joined Kindred from the same position at Swedish technology company Tobii.

He has previously held CFO positions at Fingerprint Cards and Transmode, as well as various finance leadership roles at Microsoft and Hewlett Packard.

“Kindred is a dynamic company and Johan has been instrumental in developing the group’s corporate function, the strategic execution, as well as contributing to the executive leadership team,” said Kindred CEO Henrik Tjärnström.

“Johan has also been a very appreciated colleague and has shown leadership and integrity during challenging times. I want to thank Johan for his contributions and wish him the best of luck in his future career,” he added.

In April, Kindred announced it would conduct a strategic review of the business that could result in a sale.

After reporting several disappointing financial quarters, the company reported a 24% increase in gross winnings revenue to £306.4m in Q1 2023.

This growth was driven primarily by strong progress in the Netherlands, which the company re-entered on a regulated basis last July.

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