NetEnt technology chief Palmborg departs

Tobias Palmborg has left his role as NetEnt’s chief technology officer, with director of game platform and managing director of NetEnt India Aditya Bhushan taking over the role as of Friday (4 September).

Palmborg joined NetEnt in April 2018 as head of casino operations, and became chief technology officer in February 2019. He had previously worked as delivery manager for appliance business Electrolux and engineering manager for payment company Klarna.

iGB understands that it was decided Palmborg would pursue new opportunities following live casino giant Evolution Gaming's SEK19.6bn ($2.11bn/€1.87bn/££1.68bn) bid for NetEnt. 

Palmborg – who worked on projects including the integration of Red Tiger following its September 2019 acquisition – thanked his co-workers in a company-wide email.

“The only constant is change. It has been a hard choice to make but the time has come of me to say goodbye and good luck,” he wrote. “It’s been great to work with you all through the ups and downs for the past two and a half years. I feel privileged to have worked with all you talented and dedicated people to try and get NetEnt back to former glory.”

“When I walk out the door for the last time as an employee. I carry with me that good feeling of caring and loving colleagues, the feeling of never being alone and always trying to do better as a team. Good luck to you all. It is not goodbye, it's until we meet again.

Platform director and managing director of NetEnt India Bhushan will now take over the chief technology officer role. Bushan has been with NetEnt since August 2009, starting as a system architect before rising to his most recent role in January of 2020.

Before joining NetEnt, Bhushan was a computer scientist for Adobe and he is also co-founder of environmentally friendly baby products business GreenTots.in.

“We have done great work together and now is a good time to hand over the baton to the next runner,” Palmborg said.

In the second quarter of 2020, NetEnt's revenue rose 30.2% to a record SEK1.09bn.