Kindred seeks new CFO as De Beauregard resigns

Unibet operator Kindred Group has launched a search for a new chief financial officer after Albin de Beauregard revealed that he is to step down from the role.

De Beauregard will leave Kindred in the first quarter of 2020 and continue to oversee the closing of the 2019 financial year. He will depart Kindred after an eight-year spell with the group, four of which were as CFO.

Graham Stretch, former CFO at Kindred, will support the operator during the transition period and assist in the recruitment of a new permanent CFO.

“It is with regret that Albin has informed me of his intention to step down from his role as CFO to pursue new challenges outside of the industry,” Kindred chief executive Henrik Tjärnström said.

“Albin leaves Kindred in a strong position for future growth, and a professional team that provides a solid platform to support the Group’s continued development.”

Confirmation of de Beauregard’s departure comes after Kindred last month reported a 2% year-on-year decline in gross winnings revenue for the third quarter, with this slipping to £226.0m (€261.5m/$289.8m).

Underlying profit before items that may affect comparability such as exchange rates and acquisitions totalled £22.7m, down 54.7% from last year. Overall operating profit came to the same figure, as amortisation of intangible assets cancelled out exchange rate gains.