Paf appoints new CEO

Christer Fahlstedt has extensive experience in the gaming industry, most recently as the CEO of the Swedish company Betting Promotion Sweden AB, which supplies betting products and gaming software. Before that he was CEO of Tain, which develops technology platforms for betting.

Fahlstedt has a background in management consulting and has worked for 12 years in the online gaming industry. He has experience in senior roles both in B2B (Business to Business) and B2C (Business to Consumer) industries.

He will take over as CEO of Paf on June 1 and he will be based at the head office in Mariehamn. During the recruitment period Paf’s Finance Director Johan Rothberg served as the Acting CEO.

He is enthusiastic about leading a publicly owned company: “Paf is a strong and amazing company in many ways. One strength is that Paf is successful both online and offline. When all the channels gradually merge, this will prove to be a great asset. I'm going to focus on the things that matter the most, and the user experience will be a top priority.”

Paf's mission, to generate profit for good causes, was a strong reason why Fahlstedt chose this job as his next challenge. Paf donates its entire profit to help society, and in recent years this payment has amounted to around 20 million euros per year.

At the end of January 2016 Paf dismissed its incumbent CEO, Anders Ingves. The reason was that the board felt that Paf needed a different type of leader to successfully expand internationally. Since then the Board of Directors, in cooperation with MPS Executive Search, have looked for a person with the right profile.

“There have been good candidates in the process, but the entire board agrees Christer Fahlstedt is the person best suited for this assignment,” said Jarl Danielsson, Chairman of the Paf Board.