Unibet: Hellenius Steps down, No Acquisitions Planned

13 March 2008

By IGN Staff

After a year with Unibet, Ragnar Hellenius, the group's chief financial officer, has announced he will step down effective March 31.

Petter Nylander, chief executive, called Hellenius' contributions -- especially with regard to Unibet's December 2007 Maria Holdings acquisition -- "very valuable."

During his brief tenure with the company, Hellenius served as interim CEO during Nylander's incarceration in Amsterdam and subsequent extradition to France last fall.

Unibet board member Henrik Tjärnström will serve as interim CFO.

No reason was given for Hellenius' departure.

The company included a brief trading update in the Hellenius announcement indicating it was "on track" to meet its financial targets for 2008.

Unibet added it would not be pursuing any major acquisitions in the near future.

Unibet: Hellenius Steps down, No Acquisitions Planned is republished from iGamingNews.com.