Patrik Hofbauer’s departure from Svenska Spel

Patrik Hofbauer, (in photo above), who has served as the President and CEO of Svenska Spel, Sweden’s state-owned company that oversees the gambling sector, is preparing to depart from his role at the end of January 2024.

Under his guidance, Svenska Spel has already initiated the search for his successor to lead the company into its next phase of development.

Leadership transition

Svenska Spel acknowledges Hofbauer’s integral role in shaping the organization into a modern entity offering sustainable gaming experiences. His dedication, expertise and remarkable leadership have left an indelible mark on the company. One of the most notable challenges during Hofbauer’s tenure was the 2019 re-regulation of the Swedish gambling market, a transformation that he, alongside the board and his team, navigated with a clear vision for the company’s future.

Steering Svenska Spel through change

Erik Strand, Chairman of Svenska Spel, expressed his gratitude, stating, “Patrik is a person and company leader who makes a real difference, and on behalf of the board, I would like to extend a warm and big thank you to him for his valuable contribution to Svenska Spel.” Hofbauer, on his part, mentioned the deep connection he holds with the company and its stakeholders. He expressed that leaving the organsation has been very difficult for him He spoke of the organisation’s strong values, team culture and committed employees and leaders, all of which position Svenska Spel to continue delivering value to its customers, Sweden. He said that the company is committed to the Swedish sports movement.

Hofbauer is former CEO of Telenor

Before his role at Svenska Spel, Hofbauer served as the CEO of Telenor Sweden, a telecom operator, from 2014 to 2018. With an extensive professional history in the telecoms and media sector, Hofbauer’s experience spans senior positions in various companies, including Telenor Broadcast, Canal Digital, NEC Scandinavia and Clear Channel. He spent nearly a decade as a professional ice hockey goalkeeper.

As Hofbauer was preparing to leave Svenska Spel, there was speculation that he would return to the telecoms sector. And indeed as of February 2024, he will take on the role of President and CEO at Swedish Telia Company..

Overseeing Sweden’s gambling market

Svenska Spel, founded in 1997, is a state-owned Swedish company tasked with overseeing the country’s gambling market. It plays a crucial role in ensuring the integrity and regulation of gaming activities within Sweden. With a rich history rooted in tradition and responsibility, Svenska Spel has been a central figure in the Swedish gaming landscape for many years. The departure of its CEO, Patrik Hofbauer, signifies a pivotal moment in the company’s journey, attracting significant attention within the gaming industry.

The search for Hofbauer’s successor will lead the company into its next phase of development.

Related topics:

SiGMA’s next stop is Malta from 13 – 17 November

Treating crypto assets as a form of gambling would pose a risk (www.zahrira.net)