Horse Racing Veteran Named New Interim CEO Of Sweden's ATG
Swedish horse racing wagering operator, AB Trav och Galopp (ATG), has called Jörgen Forsberg as its brand-new interim President.
The management shuffles at the top of ATG were caused by the resignation of former CEO Hasse Lord Skarplöth, who held the function for 13 years.
His notice was handed in at the exact same time as ATG exposed a stagnating FY25 financial profile, with lower YoY efficiency across the board. Both Skarplöth and ATG's Board stated at the time that they were parting methods due to conflicting views about the operator's future.
Skarplöth's place was instantly used up by Peter Norman, ATG Chairman, who has actually been serving as the interim CEO previously, with Forsberg replacing him so that he can completely go back to his chairing responsibilities.
Norman commented: "I invite Jörgen Forsberg to ATG. He will lead the work of carrying out the strategies decided by the board and be acting CEO up until a new CEO is hired. The recruitment process for a long-term option is ongoing."
Forsberg is presently also the CEO of Svensk Travsport, the nationwide governing body of trotting racing. He will both functions all at once and Ulf Hörnberg, Vice President of Svensk Travsport, will supply support for some of the functional jobs within the organisation, while the process of choosing a brand-new permanent CEO of ATG occurs.
When it comes to his background, Forsberg has previously been Chairman of the Board and CEO of Stockholms Travsällskap, the operator of the harness-racing track in Stockholm. He likewise boasts local and international senior leadership experience in the vehicle industry.
On his own consultation, Forsberg said: "While awaiting a new CEO, I anticipate continuing to develop ATG together with all of ATG's workers according to the board's plans and safeguarding the business's crucial role for the Swedish horse market."
Time for modification
Previously state-owned, the federal government loosened its control over ATG last year in a quote to make it more competitive due to an increasing difficulty from global operators since Sweden's market was re-regulated in 2019.
Considered that the operator reported noteworthy YoY profits decreases in 2025, this year will definitely show transformative for ATG, specifically when a brand-new CEO gets appointed.
The operator has also been broadening its presence beyond Sweden. Just recently, its joint venture with Hippos Oy used for a sports wagering licence in Finland. Expected to release in 2027, Finland's new regulated market could show a core component to ATG's return-to-growth ambitions.