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Anders Holmgren loses Cherry CEO role over insider trading investigation

29th May 2018 8:04 am GMT

Stockholm-listed betting and gaming operator Cherry has terminated the employment of the company's president and chief executive Anders Holmgren.

Holmgren, who is being held in police custody under suspicion of insider trading, leaves his roles, as well as all directorships of Cherry's subsidiary companies, effective immediately.

"Anders Holmgren has made valuable contributions as CEO of Cherry, but he is unable to perform his duties while facing accusations of severe insider trading," Cherry chairman Morten Klein explained.

"The board [...]

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