Kindred Group, a renowned online gambling company, has recently made significant organizational changes, including the appointment of Patrick Kortman as the Interim Chief Financial Officer (CFO). This move comes as part of a series of interim appointments following regulatory developments and the departure of key executives within the company. Kortman, previously serving as the Head of Corporate Development and Investor Relations at Kindred Group, brings extensive experience in the financial sector to his new role. The strategic review currently underway will determine the permanency of these interim appointments.
Organizational Changes:
In May of this year, Johan Wilsby, the former CFO, announced his departure from Kindred Group, paving the way for Patrick Kortman to assume the role of Interim CFO. Kortman has been associated with the company since 2018 when he joined as the Head of Corporate Development. His responsibilities expanded in 2021 when he took on the additional role of Investor Relations. Having a deep understanding of Kindred Group and a proven track record within the organization, Kortman is poised to make valuable contributions to the company’s financial operations and overall strategic direction.
The Changes at the Executive Level:
The transition at the CFO position is not the only change Kindred Group has experienced. Henrik Tjärnstrom, the former CEO, resigned in May, leading to Nils Andén stepping in as the Interim CEO. Furthermore, Chief Marketing Officer (CMO) Elen Barber and Chief Commercial Officer (CCO) Anne-Jaap Snijders also announced their resignations during the same month. In order to ensure stability and continuity across the organization, interim appointments have been made in these crucial positions as well. Usha Ganesan will take on the role of Interim Chief Finance Operations Officer, while Neil Banbury assumes the position of Interim Chief Commercial & Marketing Officer.
Strategic Review and Future Outlook:
Kindred Group has emphasized that all the interim appointments will remain temporary until the completion of the ongoing strategic review. This review will likely determine the long-term organizational structure and leadership roles within the company. In the interim period, the focus is on maintaining momentum, consistency, and effective decision-making to drive the company forward. The strong leadership provided by the interim executives, combined with the dedicated employee base, ensures a steady course during this transitional phase.
Kindred Group’s appointment of Patrick Kortman as Interim CFO marks a significant milestone in the company’s ongoing organizational changes. With his extensive financial expertise and deep understanding of Kindred Group, Kortman is well-equipped to contribute to the company’s financial operations and overall strategy. The interim appointments across various leadership positions, including CEO, CFO, CMO, and CCO, reflect the company’s commitment to stability and continuity during this transformative period. The strategic review in progress will ultimately determine the future structure and permanency of these appointments. As Kindred Group navigates this transitional phase, the collective efforts of its interim leadership and dedicated employees will ensure a successful path forward.