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Patrik Hofbauer, who has led Swedish state-owned gambling company Svenska Spel as its president and CEO for nearly five years, is set to leave his post at the end of January 2024

Svenska Spel has already begun the process of finding a successor to guide the company through its next phase of development.

Hofbauer steered the company through a period of significant changes. 

Svenska Spel stated that his expertise, dedication and exceptional leadership all played a pivotal role in shaping Svenska Spel into a “modern organisation that offers sustainable gaming experiences”.

One of the most significant challenges faced during Hofbauer’s tenure was the 2019 re-regulation of the Swedish gambling market.

Svenska Spel noted that Hofbauer, in close collaboration with the board and his team, established a clear vision for the company’s future.

Svenska Spel chairman Erik Strand commented: “Patrik is a person and company leader who makes a real difference, and on behalf of the board, I would like to extend a warm and big thank you to him for his valuable contribution to Svenska Spel.” 

Hofbauer, meanwhile, emphasised the deep connection he has with the company and its stakeholders: “In recent years, I have had the privilege of leading Svenska Spel. It has been a fantastic journey together with our customers, partners, and, not least, employees. 

“It is not an easy decision to change roles or leave a company that I value so deeply. With a strong culture, a clear values compass, and enormously committed employees and leaders, Svenska Spel is in a position to continue delivering value for our customers, Sweden, and the Swedish sports movement,” he added. 

Telco expert

Before assuming his role at Svenska Spel, Hofbauer served as the CEO of telecom operator Telenor Sweden from 2014 to 2018. 

He boasts a substantial professional history in the telecoms and media sector, having occupied senior positions in a range of companies such as Telenor Broadcast, Canal Digital, NEC Scandinavia, and Clear Channel.

In addition to his corporate achievements, Hofbauer spent approximately 10 years as a professional ice hockey goalkeeper.

As he departs Svenska Spel, Hofbauer is set to return to the telecoms sector, where he will assume the role of president and CEO at Swedish Telia Company, starting on 1 February 2024.

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