Kindred Group to bolster board remuneration package

Kindred Group has increased its number of board members from seven to eight and agreed to raise the total remuneration for the board moving forwards.

Following an extraordinary general meeting (EGM), the Stockholm-listed operator put three proposals forward to its shareholders.

These included amending the number of board members from seven to eight, appointing James H. Gemmel as a director and raising the maximum remuneration payable to board members.

At the EGM, 38% of the nominal value in total shares in issue were represented.

Each proposal was convincingly voted through, with over 98% of shareholders agreeing to each item on the agenda.

In fact, 98.8% of shareholders approved amending the number of board members, while 98.7% agreed on the appointment of Gemmel and the shift in total remuneration.

Kindred’s board has seen three departures over the last two years, including that of former chairman and the founder of the business (then Unibet) Anders Ström who left in May 2021.

In Kindred’s latest records of board remuneration for 2021, when the operator had eight members on its board, including Ström despite his departure, showed total remuneration of £667,800.

Of this total, Ström netted £95,100 while fellow chair Evert Carlsson took home £137,400.

Elsewhere, deputy chairwoman Gunnel Duveblad was the second-highest paid board member, having being paid £109,700 in 2021.

Kindred’s board of directors is now made up of Carlsson, Duveblad, Heidi Skogster, Fredrik Peyron, Peter Boggs, Erik Forsberg, Carl-Magnus Månsson and Gemmel.