LeoVegas strengthens the management team and increases focus on LeoSafePlay and durability

LeoVegas Group is implementing several changes in the senior management team in order to optimize the efforts to drive the company’s strategic agenda on sustainability, and the continuation of the growth strategy and with a further increased focus on responsible gaming and LeoSafePlay.

New COO in Malta

Richard Woodbridge are hired as the new COO (Chief Operation Officer) and will have the overall responsibility for the operational work at LeoVegas office in Malta. Richard joins the service no later than January 7, 2019 after which he will also be part of the senior management team for LeoVegas.

«LeoVegas is leading the GameTech company in the industry and I am passionate about working in the fast-growing techbolag. I look forward to being a part of the LeoVegas continued growth strategy by strengthening and optimizing the LeoVegas operational work with sustainability.» says Richard Woodbridge.

Richard Woodbridge comes from the role of COO at Ellos Group, and prior to that, he had a similar role at the fast-growing e-commerce company Nelly.com.

«Richard’s background and personality fits perfectly into the LeoVegas when we continue to focus on growth and sustainability. The overall responsibility for the operational work is all the more important when we now are about 750 employees, of whom approximately 400 of these are located in Malta. LeoVegas is a computer controlled company, in which we use measurable key performance indicators to improve us further and increase our productivity. It has also become even more central when we have begun to acquire companies and work with several brands. In this will Richard, with their experience and capabilities contribute a lot in driving the future growth.», says Gustaf Hagman, Group CEO.

LeoVegas current COO, Marcus Nylén, will remain as COO in Malta during the autumn of 2018 until Richard enters. On the basis of the Marcus close relationship with Louise Nylén, will Marcus to leave the management team, when Richard ascends to completely focus on the role of the person responsible for the LeoVegas global expansion.

New executive Vice PRESIDENT

Louise Nylén get a new added role as vice-CEO of LeoVegas Mobile Gaming Group based in Stockholm. Louise has previously been the CMO (Chief Marketing Officer) for LeoVegas. In the role of vice PRESIDENT will be Louise to work side by side with the managing director, Gustaf Hagman, including strategic issues such as sustainability and value creation projects. Louise takes up her new role in the company today, the 10th of July.

«In my new role as vice PRESIDENT, I get a wider platform to work from that allows me to create sustainability, growth and value for the company. It feels incredibly fun to get this confidence, and the ability to continue to contribute to the LeoVegas rapid development.» says Louise Nylén.

«Louise has been at LeoVegas and based in Malta since 2013 and in the role of the CMO since 2015. In that role, she has built a computer controlled and effective marketing team that is responsible for the LeoVegas customer acquisition and brand building globally. There is a lot of approach in the work which can be used wider within the company. Louise is also strongly contributing to building our culture and a driving force in sustainability issues, and I look forward to working with Louise and the rest of the staff working to achieve our financial objectives for 2020 of at least eur 600 MILLION in revenues and at least eur 100 MILLION in EBITDA.» says Gustaf Hagman, president and CEO of LeoVegas Mobile Gaming Group.

Louise’s previous role as CMO will be divided on more roles in Malta and hence be deleted.

LeoSafePlay — new business unit for the next-generation system for responsible gaming

Rikard Ljungman is leaving his role as CCO and step out of LeoVegas management team in order to thus be able to focus entirely on responsible gaming and LeoSafePlay. LeoSafePlay will be operated as a separate business unit in order to create the best conditions for the next generation system for responsible gaming based on machine learning. Richard Woodbridge will take over Rikard ljungman’s CCO-related information in Malta.

«Richard is one of the initiators of LeoSafePlay and with its strong produktbakgrund including CPO for the software company EPiServer, he has the right skills to do the LeoVegas a leader in responsible gaming and its technology and strengthen our position as the GameTech companies. «says Gustaf Hagman, Group CEO.

For further information, please contact:

Gustaf Hagman, Group CEO and co-founder: +46 (0) 8 410 367 66, gustaf.hagman@leovegas.com

Philip Doftvik, Head of Investor Relations: +46 73 512 07 20, philip.doftvik@leovegas.com

If mobilspelsbolaget LeoVegas

LeoVegas passion is «Leading the way into the mobile future».

LeoVegas is Sweden’s foremost GameTech companies and is in the forefront with the latest technology for mobile games. 2017 passed the company boundary to count as a unicorn — that is to say, a startup valued at over a billion USD. A large part of the success is an extreme product and technology as well as the effective and data-driven marketing. Technology development takes place in Sweden, while the operational business is based in Malta. LeoVegas offers games in Casino, Live casino and Sportsbook, as well as operating two global and scalable brands — LeoVegas Royal Panda, and a local multibrand operator, with the name Rocket X. the Company’s share is listed on Nasdaq Stockholm. More about LeoVegas on

www.leovegasgroup.com

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LeoVegas strengthens the management team and increases focus on LeoSafePlay

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: LeoVegas AB via Globenewswire

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