Cherry Ceo Steps Down

Cites personal reasons

Cherry AB has informed the industry of the resignation of its chief executive officer Fredrik Burvall.
Burvall is leaving the company, after more than a decade of service, for personal reasons.
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta, has been appointed acting chief executive officer as the company embarks on a hunt for a permanent replacement.
Rolf Åkerlind, Chairman of the Board, said: "Fredrik Burvall has been CEO during a busy period when the company has expanded rapidly and been very successful. During the last two years, Cherry's turnover has grown 137 percent and the company has completed seven acquisitions. It has been a period which has required a heavy workload, in particular from Fredrik. I am extremely grateful for the dedication and hard work Fredrik has given the company."
Burvall said: "Cherry is today well positioned for the future with five strong business areas all with strong management teams. Although I will continue with Cherry until the summer, I would like take this opportunity to say thank you to all colleagues and the Board of Directors for our time together, with best wishes for continued success in the future."

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