Scout Gaming has informed the Nasdaq Nordic Exchange that Billy Degerfeldt has stood down as Chief Financial Officer of the company. 

The Stockholm and Malta based B2B real-money fantasy sports platform provider has initiated an executive search to find Degerfeldt’s replacement.

Scout Gaming confirmed that Degerfeldt had a notice period of three months, as the company undertakes its succession plans. Degerfeldt disclosed that he would be joining a new company as CFO.

Degerfeldt had served as Scout Gaming’s financial lead since 2017, helping the business establish its pan-European commercial strategy and helping the Nasdaq Nordic venture secure wider investment.  

Scout Gaming CEO Andreas Ternström,  said: “During his time as CFO, Billy has played a key role in building the company from a pre-commercial state to a fast-growing and innovative sports venture with a well-renowned international ownership base. 

“I would like to thank Billy for good cooperation and his valuable contribution to the company’s  development over the past four years and wish him best of luck for the future.”

Degerfeldt said: “Scout Gaming is facing an exciting growth journey that just has started, but after more than four developing years as CFO at the company, I have decided that it is time for a new challenge.”

Updating its 2021 timetable, Scout Gaming will publish its Q3 trading update on Thursday 25 November.