{"id":273887,"date":"2023-05-17T12:56:55","date_gmt":"2023-05-17T17:56:55","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=273887"},"modified":"2023-05-17T13:29:02","modified_gmt":"2023-05-17T18:29:02","slug":"kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/","title":{"rendered":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, ‘Effective Immediately’"},"content":{"rendered":"

Kindred Group is losing its second executive this week in a move that might raise certain flags at the gaming company. Just days after it was announced that CFO Johan Wilsby would leave the company, CEO Henrik Tj\u00e4rnstr\u00f6m<\/a> has resigned, effective immediately.<\/p>\n

\"Henrik
Henrik Tj\u00e4rnstr\u00f6m in a photo op from Kindred Group. The CEO is resigning from the gaming company, effective immediately. (Image: Kindred Group)<\/figcaption><\/figure>\n

In a press release issued Wednesday, Kindred said its board of directors had received and accepted Tj\u00e4rnstr\u00f6m\u2019s resignation. He had been at the helm of the company since 2010.<\/p>\n

No reason for the sudden and unexpected departure was given. Kindred added that it has already appointed Nils And\u00e9n interim CEO, a step up from his role as Chief Commercial Officer (CCO).<\/p>\n

Changing of the Guard<\/h2>\n

Wilsby\u2019s departure is expected to come sometime this fall, according to the company\u2019s earlier announcement. He served as Kindred\u2019s CFO since 2020 and, like with Tj\u00e4rnstr\u00f6m\u2019s departure, no reason was given for the exit.<\/p>\n

\n

There was no previous indication that Tj\u00e4rnstr\u00f6m might leave, but it is apparently something that was being discussed behind closed doors. Chairman Evert Carlsson provided a statement about his departure, thanking him for his \u201cvaluable contributions\u201d and wishing him success in the future.<\/p>\n<\/div>\n

In announcing And\u00e9n\u2019s ascension, Carlsson said the board views him as the right fit for the job given his extensive knowledge of Kindred\u2019s operations. And\u00e9n has been the CCO since 2020, having returned to the company after a four-year break.<\/p>\n

Prior to that departure, And\u00e9n held various roles with the company when it was still primarily known as Unibet<\/a>. He led Business Development from 2006 to 2007, was the Head of Poker from 2008 to 2009, and eventually moved up to Chief Marketing Officer from 2012 to 2016.<\/p>\n

In between his two periods with Kindred, And\u00e9n was still active in the gaming industry. He was the Director of Digital Marketing at GVC Group, which later became Entain, from September 2017 to December 2019.<\/strong><\/p>\n

In addition to his work with Kindred, And\u00e9n, who studied business at the Stockholm School of Economics, is also a non-executive director of EasyPark Group, a parking and urban development innovation company. He\u2019s held that position for over four and a half years.<\/p>\n

Trouble Ahead?<\/h2>\n

While there\u2019s no indication of trouble ahead (Kindred added in its press release that it isn\u2019t changing its guidance for the year), losing a CEO and CFO in succession is often a troubling sign. There could be more to the departures than the company wants to lead on.<\/p>\n

\n

Researchers last year provided an assessment of the sudden resignation of a CEO coupled with the immediate placement of an interim CEO. They suggested, according to “Firing and Hiring the CEO: What Does CEO Turnover Data Tell Us About Succession Planning?<\/a>,”<\/em> that the combined actions often mean that the CEO didn\u2019t resign, but was fired.<\/p>\n<\/div>\n

In substantiating the conclusion, the researchers added that, in many cases, a resigning CEO will remain on the entity\u2019s board or retire. A CEO who is forced out, however, breaks all ties with the company.<\/p>\n

Another study from 2013, “The Effect of CEO and CFO Resignations on Going Concern Opinions<\/a>,” reaches similar conclusions. It posits that \u201cthe resignation of a top executive increases a firm\u2019s likelihood of failure.\u201d<\/p>\n

Jim Cramer, the host of CNBC\u2019s<\/em> “Mad Money,” believes the sudden departure of key executives is a concern, as well. He has repeatedly said that they\u2019re red flags and \u201cwhen the chiefs resign, maybe you should, too.\u201d The latter is a suggestion that investors may want to consider pulling out of a company when key executives suddenly leave.<\/p>\n

None of these are conclusive evidence that Kindred is facing difficulty. However, it\u2019s important to watch what might come next.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kindred Group is losing its second executive this week in a move that might raise certain flags at the gaming company. Just days after it was announced that CFO Johan Wilsby would leave the company, CEO Henrik Tj\u00e4rnstr\u00f6m has resigned, effective immediately. In a press release issued Wednesday, Kindred said its board of directors had […]<\/p>\n","protected":false},"author":64,"featured_media":273886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[85113,81919,82076],"acf":[],"yoast_head":"\nKindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org<\/title>\n<meta name=\"description\" content=\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-17T17:56:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-17T18:29:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1056\" \/>\n\t<meta property=\"og:image:height\" content=\"704\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/\",\"url\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/\",\"name\":\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp\",\"datePublished\":\"2023-05-17T17:56:55+00:00\",\"dateModified\":\"2023-05-17T18:29:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp\",\"width\":1056,\"height\":704,\"caption\":\"Henrik Tj\u00e4rnstr\u00f6m in a photo op from Kindred Group. The CEO is resigning from the gaming company, effective immediately. (Image: Kindred Group)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gaming Business\",\"item\":\"https:\/\/www.casino.org\/news\/gaming-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, ‘Effective Immediately’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\",\"name\":\"Erik Gibbs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"caption\":\"Erik Gibbs\"},\"description\":\"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org","description":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/","og_locale":"en_US","og_type":"article","og_title":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org","og_description":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.","og_url":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-05-17T17:56:55+00:00","article_modified_time":"2023-05-17T18:29:02+00:00","og_image":[{"width":1056,"height":704,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp","type":"image\/webp"}],"author":"Erik Gibbs","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Erik Gibbs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/","url":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/","name":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, 'Effective Immediately' - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp","datePublished":"2023-05-17T17:56:55+00:00","dateModified":"2023-05-17T18:29:02+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca"},"description":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m announces resignation from the gaming company and is stepping down immediately.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/Henrik-Tjarnstrom-in-a-photo-op-from-Kindred-Group.webp","width":1056,"height":704,"caption":"Henrik Tj\u00e4rnstr\u00f6m in a photo op from Kindred Group. The CEO is resigning from the gaming company, effective immediately. (Image: Kindred Group)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/kindred-ceo-henrik-tjarnstrom-resigns-effective-immediately\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Gaming Business","item":"https:\/\/www.casino.org\/news\/gaming-business\/"},{"@type":"ListItem","position":3,"name":"Kindred CEO Henrik Tj\u00e4rnstr\u00f6m Resigns, ‘Effective Immediately’"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca","name":"Erik Gibbs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","caption":"Erik Gibbs"},"description":"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/273887"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=273887"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/273887\/revisions"}],"predecessor-version":[{"id":273905,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/273887\/revisions\/273905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/273886"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=273887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=273887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=273887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}