Stillfront Group has removed its founder and CEO, Jörgen Larsson, citing the need for new leadership to drive growth and cost savings.
Financial Position
Stillfront’s financials remain strong, with:
– Increased profitability
– Strong cash flow generation
– Solid financial position
Reason for Change
The board seeks to:
– Enhance organic growth
– Improve profitability
– Increase transparency
– Focus on key franchises
– Address underperforming games
New Leadership
– Interim CEO: Alexis Bonte (former president of publishing and business acceleration)
– Recruitment process underway for permanent CEO replacement
Cost Savings
Stillfront aims to:
– Implement optimization activities by Q4 2025
– Generate annual cost savings of 200-250 MSEK (compared to Q2 2024)
Larsson’s Statement
“I’m proud of Stillfront’s journey and its leading position. The company has an experienced team and the right strategy. I’ll remain a significant shareholder and closely follow its progress.”
Stillfront Shakes Up Leadership, Founder Larsson Exits CEO Role
