Swedish horse racing wagering operator, AB Trav och Galopp (ATG), has actually named Jörgen Forsberg as its brand-new interim President.

The leadership mixes at the top of ATG were triggered by the resignation of previous CEO Hasse Lord Skarplöth, who held the role for 13 years.

His notification was handed in at the exact same time as ATG exposed a stagnating FY25 financial profile, with lower YoY efficiency throughout the board. Both Skarplöth and ATG's Board stated at the time that they were parting ways due to contrasting views about the operator's future.

Skarplöth's location was instantly taken up by Peter Norman, ATG Chairman, who has been serving as the interim CEO previously, with Forsberg changing him so that he can completely go back to his chairing tasks.

Norman commented: "I welcome Jörgen Forsberg to ATG. He will lead the work of carrying out the plans chosen by the board and be acting CEO until a brand-new CEO is recruited. The recruitment process for a permanent service is ongoing."

Forsberg is presently likewise the CEO of Svensk Travsport, the nationwide governing body of trotting racing. He will perform both roles all at once and Ulf Hörnberg, Vice President of Svensk Travsport, will offer assistance for some of the functional tasks within the organisation, while the procedure of choosing a brand-new irreversible CEO of ATG happens.

As for his background, Forsberg has previously been Chairman of the Board and CEO of Stockholms Travsällskap, the operator of the harness-racing track in . He also boasts local and worldwide senior management experience in the automotive market.

On his own consultation, Forsberg said: "While waiting for a brand-new CEO, I look forward to continuing to establish ATG together with all of ATG's workers according to the board's plans and safeguarding the company's crucial role for the Swedish horse industry."

Time for modification

Previously state-owned, the government loosened its control over ATG last year in a bid to make it more competitive in light of an increasing difficulty from international operators ever considering that Sweden's market was re-regulated in 2019.

Given that the operator reported noteworthy YoY income decreases in 2025, this year will certainly prove transformative for ATG, particularly when a new CEO gets appointed.

The operator has actually likewise been expanding its existence outside of Sweden. Just recently, its joint endeavor with Hippos Oy looked for a sports wagering licence in Finland. Expected to release in 2027, Finland's new controlled market could show a core component to ATG's return-to-growth aspirations.