FDJ rebuilds Kindred with newly appointed members

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FDJ rebuilds Kindred with newly appointed members

French lottery giant La Française des Jeux, FDJ, has appointed three new executive directors to its Kindred board.

Back in January this year, FDJ announced its public offer to Kindred’s shareholders to sell their SDRs to FDJ for a cash price of SEK 130 each, which is in total €2.45 billion. The offer document was published on February 19, and supplements to the offer document were made public on April 25th and July 25th.

In October, after officially acquiring Kindred, FDJ received resignment papers from Carlsson, James H. Gemmel, Jonas Jansson, Cédric Boireau, Andrew McCue, and Kenneth Shea.

Directors Heidi Skogster and Martin Randel also handled their resignations but will continue to serve on the board until their terms expire at Kindred’s next annual general meeting in 2025.

Carlsson, who joined Kindred’s board in 2021, remains active as chairman of Sweden’s Dalslands Sparbank and a board member of PEG Capital Partners. Randal and Skogster, both independent non-executive directors, joined in 2023 and 2021, respectively.

Now, FDJ is rebuilding Kindred’s board with its experts, such as Pascal Chaffard, Edeline Minaire, and Célia Vérot. Chaffard has been with FDJ since 1994 and currently serves as EVP of Finance, Performance, and Strategy. Edeline Minaire is currently the FDJ’s finance director, and Célia Vérot is FDJ’s chief regulation officer. Together with Skogster and Randel, they will form Kindred’s new board.

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