Former CFO has been steering the ship since December
The board of directors of Cherry AB has confirmed Frederik Burvall in the chief executive post and as president of the company with immediate effect.
The former CFO, who joined Cherry nine years ago, was appointed acting CEO in December last year (see previous InfoPowa report).
Chairman of the board, Rolf Åkerlind, said in a statement:
"Fredrik Burvall has showed a strong drive and passion for the company during his years as CFO and Vice President. Furthermore, he has a vast knowledge of the gaming industry.
"Cherry made some management changes in December 2014 and the combination of strengthening our Malta organization and Fredrik's experience will result in a group management that will help Cherry to reach profitability with continued strong growth."
Prior to Cherry, Burvall held various senior positions at Ericsson and Modern Times Group. He is 42 years old, holds a degree in Business and Economics and has an MBA from Stockholm University.
Online Casino News Courtesy of Infopowa