Andreas Ternstr\u00f6m has stepped down from being CEO of the Scout Gaming Group after six years in the top job.<\/p>\n\n\n\n
The Swedish businessman took over as chief executive and chairman of the Scout Gaming Group in 2016, but has now decided to step down ahead of a “major reorganization”.<\/p>\n\n\n\n
Citing “headwinds”, Chief Financial Officer and Ternstr\u00f6m’s temporary replacement Niklas Braathen thanked the outgoing CEO for his service, but said “it is appropriate that Andreas leaves the company”.<\/p>\n\n\n\n
These headwinds likely refer to the financial performance of the Scout Gaming Group, which has been negatively affected by the war in Ukraine. For the first quarter, the company reported a 20% drop in revenue from gaming operations.<\/p>\n\n\n\n
“I want, on behalf of the company, to give great appreciation to Andreas, who has put a lot of effort into creating the Scout Gaming organization and, not least, the product the company owns today,” noted Braathen.<\/p>\n\n\n\n
“The headwinds have been blowing for some time for the company, and a major reorganization and transformation of the way the company’s operations are conducted is now ahead of us. Therefore, we agree that it is appropriate for Andreas to leave the company.”<\/p>\n\n\n\n
Ternstr\u00f6m, for his part, expressed gratitude to his colleagues, especially those working in Ukraine. He commented, “I would like to thank all partners, co-workers, board and owners for this time.”<\/p>\n\n\n\n
“I would especially like to thank all the talented employees in Ukraine who are working courageously despite the war and the two-year pandemic.”<\/p>\n\n\n\n
“I will remain as a shareholder and will be close to the company. I hope that in the future I too can be of use to the company and its development”, added Ternstr\u00f6m.<\/p>\n\n\n\n