Christer Fahlstedt is the new CEO of Paf
The Board of Directors of the Åland gaming company Paf has appointed Christer Fahlstedt as its 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. Christer 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.
Christer 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 Christer 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,” says Jarl Danielsson, Chairman of the Paf Board.
Christer Fahlstedt is 40-years-old and lives in the Stockholm area with his wife and two children. He takes over as CEO of Paf on 1 June, 2016 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.
For more information contact:
Tel: +46 73-426 96 22
Chairman of the Paf Board
Tel: +358 457 535 1019
Director of Communications
Tel: +358 457 342 8228
Paf was founded on Åland in 1966 with the clear purpose of creating profit to support public good. This is still the company’s primary purpose. Today Paf.com is an international gaming operator with over 200 games including slots, casino, poker, betting, bingo and lotteries. Paf also operates a large physical gaming operation on land and sea with about 1,500 slot machines and 55 gaming tables on ships in the Baltic Sea, in Paf Casino on Åland and Casino Sunborn in Gibraltar. Paf offers safe and socially responsible money games that give players pleasure and entertainment. In 2015 the Paf Group had a total revenue of 110 million euros producing a profit of 22.7 million euros. The contribution to public good was 20 million euros. The group has nearly 400 employees, is headquartered in Mariehamn on Åland and serves players from countries including Finland, Sweden, Estonia, Spain and Italy. Paf is licensed and controlled by the local Åland government. More information can be found at www.paf.com.