Kambi Name Anders Ström New Chair of Board of Directors

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The Kambi Group (Kambi), the sports betting technology and services provider, has announced Anders Ström is to take over as the Chair of the Board of Directors of the group, as he steps up from being a current member of the board.

Ström is the co-founder of Kambi and replaces Lars Stugemo who has decided to step down from the role of Chair having served in this position for the last decade. Stugemo let it be known he will not seek re-election at the 2024 AGM, and the Board is set to propose Ström as the new Chair at this meeting next year.

This has led to Stugemo leaving the Board immediately and the Board proposing Ström as the new Chair until the shareholders at the AGM ratify Ström’s appointment as the new Chair next year.

Stugemo leaves Kambi after more than a decade of service and reflects on the great strides the company has made since it was founded in 2010, with award-winning products and the growth of tier 1 clients the group now has agreements with.

After 14 years of an inspiring journey with Kambi, including almost a decade as Chair, I have decided, after careful consideration, not to stand for re-election next year. The Kambi journey has been remarkable, from early days serving a handful of partners to becoming a market leader with award-winning products and esteemed clients around the world. It has been an immense privilege and joy to work closely and intensively with Kambi, alongside an inspiring entrepreneur like Anders Ström.

Lars StugemoFormer Chair of the Board of Directors at the Kambi Group

Ström Adds Industry Experience to the Role of Chair

Before co-founding the Kambi Group in 2010 Ström was at the Kindred Group, which he founded in 1997. He explained that the rapid changes in technology particularly AI provide the group with a range of commercial opportunities.

Lars has made many important contributions to Kambi’s development to becoming the world’s leading sportsbook provider and, as both a founder and shareholder. I am honoured to have been asked by Kambi’s Board to become its Chair and look forward to leading the Board of a company which is showing real commercial momentum through recent partner signings and redefining what is possible in sports betting through significant technological break-throughs including AI-powered trading.

Anders StrömChair of the Board of Directors at the Kambi Group

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