Raketech, a leading company in the iGaming industry, is experiencing a pivotal moment as CEO Oskar Mühlbach steps down due to differences in strategic vision. The Board of Directors, led by Chairman Ulrik Bengtsson, expresses confidence in the appointment of Johan Svensson as Acting CEO, emphasizing continuity and strategic focus.
Oskar Mühlbach’s Departure:
CEO Oskar Mühlbach, who has steered Raketech through a transformative four-year journey, is stepping down amid discord with the Board of Directors regarding the company’s strategic direction. This departure marks the end of Mühlbach’s tenure since December 2019, during which he led Raketech through significant growth and strategic changes.
Johan Svensson Assumes Role of Acting CEO:
Johan Svensson, co-founder of Raketech and former CEO until 2017, steps into the role of Acting CEO immediately. Having served on the Board and currently holding the position of Chief Commercial Officer (CCO), Svensson brings a wealth of experience and familiarity with the company’s operations. The Board expresses confidence in his ability to lead Raketech during this transitional period until a new permanent CEO is appointed.
Raketech’s Strategic Direction and Leadership Changes:
Despite the leadership transition, Raketech maintains its full-year guidance for 2023, signaling stability and continuity in the company’s strategic plans. The Board’s decision to part ways with Mühlbach is rooted in divergent views on the company’s future direction, emphasizing the importance of alignment between leadership and strategic goals.
Recent Appointments and Departures:
Raketech has been actively reshaping its leadership team, evident in the recent appointment of Dalia Turner as the Chief People Officer (CPO). Turner, known for her international experience with global tech giants like Feedzai and Microsoft, now spearheads strategic HR initiatives across Raketech’s global workforce. This appointment reflects the company’s commitment to attracting top-tier talent to drive its organizational development.
Moreover, the Board has seen changes with the addition of Marina Andersson and Patrick Jonker. Andersson and Jonker bring expertise in corporate development and international casino operations, respectively, contributing to the diversification and strengthening of the Board’s skill set.
Stability in Full-Year Guidance:
Despite the leadership changes and strategic shifts, Raketech remains steadfast in its full-year guidance for 2023. This commitment to stability sends a positive signal to investors and stakeholders, showcasing the company’s resilience in navigating transitions while maintaining a focus on achieving its financial and operational objectives.
Raketech’s recent leadership transition and strategic shifts mark a significant chapter in the company’s journey. The departure of CEO Oskar Mühlbach, appointment of Johan Svensson as Acting CEO, and the strategic changes within the leadership team demonstrate Raketech’s commitment to evolving in a dynamic industry. The maintenance of full-year guidance underscores the company’s confidence in its strategic direction and the ability of its leadership to navigate change successfully. As Raketech embarks on a new phase under new leadership, the industry will be watching closely to see how the company continues to innovate and thrive in the competitive iGaming landscape.