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.