Stockholm-listed gaming operator Betsson has appointed Kaaren Hilsen as its new chief financial officer.

Hilsen currently serves as CFO of Swedish mobile operator Telenor Sweden and will assume her new role before November 1st, replacing Fredrik Rüdén who is leaving the company on August 31st.

She has been the CFO of Telenor Sweden for the past four years, prior to which she held a number of finance position with Telenor in Montenegro and Asia.

"Kaaren's very broad financial and general management experience, coupled with her international track record in regulated environments, will be great assets for Betsson,” chief executive and president Ulrik Bengtsson said.

Shares in Betsson AB (Co. Data) (STO:BETS-B) climbed to SEK80.00 per share following the announcement before giving up those gains to trade down 0.19 per cent at SEK79.25 per share in Stockholm early Friday.

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