Stockholm-listed casino games developer NetEnt has confirmed that Vigo Carlund will step down as chairman at the company’s Annual General Meeting tomorrow (Wednesday April 25th).

In his second stint with the company, Carlund has served as a member of the NetEnt board since 2008 and was elected chairman in 2011. Ahead of Wednesday’s AGM in Stockholm, he has decided to stand down for personal reasons.

NetEnt’s nominating committee has proposed electing Fredrik Erbing as the company’s new chairman. He has been a member of the board since 2008 and also serves on the Audit Committee.

“During my two board tenures I have been part of the board of NetEnt for a total of 15 years, 11 of which as chairman,” said Carlund. “Due to personal reasons not related to the company, I have now decided to leave the board.

“Fredrik Erbing has great knowledge about the sector and NetEnt, and he has played an important role for NetEnt’s development during his time at the board. This makes him suitable as chairman of the board of NetEnt.”

Shares in NetEnt AB (STO:NET_B) gained 15.48 per cent to SEK53.40 per share in Stockholm following the announcement Tuesday.