Kindred Group announces resignation of Stefan Lundborg
Kindred Group Plc has notified all investors that corporate advisor Stefan Lundborg has resigned from all duties as a non-executive director with immediate effect.
The resignation comes as Lundborg being investigated by the Swedish Economic Crime Authority (SECA) for ‘insider crime’. Kindred previously stated that it will be offering its full cooperation with the public prosecutor and SECA agencies. Kindred said that it would be sure to update investors on the investigation once more information is brought forth by authorities.
This week, Ström announced his resignation from his position as Kindred chairman, announcing to company shareholders that he would not pursue re-election at the firm’s next annual general meeting.
“The resignation of Stefan Lundborg was unavoidable considering the investigation against him by the Swedish Economic Crime Authority,” said Anders Ström. “The Board would like to emphasize that no other representatives of the company have been served any suspicion of misconduct and neither is the company itself under any suspicion.”
As the founder of Unibet (Kindred’s original business enterprise), Ström said that it was his intention to ‘disengage from all business that he is invested in by his 50th birthday’, and spend more time with his family and for personal pursuits.