Cherry chief executive to step down

Cherry has announced that Fredrik Burvall is to leave his role as chief executive due to family reasons.

Burvall will remain with the company until the summer, with Anders Holmgren to serve as acting chief executive until a permanent replacement is appointed.

Holmgren, who is currently a board member of Cherry, was a founder of Betsson who also held the role of chief executive at Betsson Malta.

“I am extremely proud of having been part of the development of the company which has led to a revaluation of Cherry as a company,” Burvall said.

“Cherry is today well positioned for the future with five strong business areas all with strong management teams.

“Although I will continue with Cherry until the summer, I would like take this opportunity to say thank you to all colleagues and the board of directors for our time together, with best wishes for continued success in the future.”

Rolf Åkerlind, chairman of Cherry’s board, added: “Fredrik Burvall has been CEO during a busy period when the company has expanded rapidly and been very successful.

“During the last two years, Cherry’s turnover has grown 137% and the company has completed seven acquisitions; it has been a period which has required a heavy workload, in particular from Fredrik.

“I am extremely grateful for the dedication and hard work Fredrik has given the company.”

Related article: Cherry acquires remaining shares in ComeOn