Betsson Group CTO Fredrik Ögren Steps Down; Interim CTO Named

Fredrik Ögren has stepped down as chief technology officer at Betsson Group, bringing an end to his tenure with the Stockholm-listed operator that began in 2019. The company has appointed chief product officer Ryan Schembri to assume the CTO role on an interim basis. This leadership transition follows a period of growth for Betsson, which recently disclosed a €310.2m second quarter revenue and completed the acquisition of Rhino Entertainment’s Canadian B2C division for €64.5m.

Timeline and Scope of the Leadership Change

Ögren joined Betsson Group in August 2019, initially holding the role of cloud and DevOps director. He then progressed to director of platforms and infrastructure in January 2021, and ascended to the CTO position in July 2021. Ögren succeeded Peter Fray, who previously handled both chief product officer and CTO responsibilities following a C-suite reshuffle. Ögren announced his departure publicly, stating:

"World Cup 2026 is a wrap, and so is my time with Betsson… While it feels tough to leave behind a record-breaking team, it feels good to now get reacquainted with my family back home." — Fredrik Ögren

A Betsson spokesperson confirmed the transition:

"We can confirm Fredrik Ögren is no longer serving as chief technology officer at Betsson Group. We are grateful for his contribution during his time with Betsson and wish him all the best for the future." — Betsson spokesperson

Interim CTO Arrangement and Product Leadership

Following Ögren’s departure, Betsson’s chief product officer Ryan Schembri assumes the CTO remit in an interim capacity. Schembri returned to Betsson in January 2022 after working with Begame Group, having previously spent over seven years at Betsson after his move from Vodafone in 2013. Since December 2023, he has overseen product operations at Betsson, which manages brands including Betsafe and Rizk, making him a familiar figure to both the board and the wider team.

Context: Recent Betsson Group Developments and Performance

Betsson Group has reported a solid second quarter for 2026, posting revenue of €310.2 million, up 2% from the previous year, with positive contributions attributed partly to the 2026 World Cup. Earlier this month, Betsson finalised the acquisition of Rhino Entertainment’s Canada-facing business-to-consumer division for €64.5 million (£55.2 million), expanding its North American presence. Industry observers will watch how the interim CTO arrangement supports ongoing growth and integration activities.

Ögren's Professional Background Prior to iGaming

Before joining the gaming sector, Ögren developed his career in the Swedish media industry. He served as infrastructure director at Swedish media conglomerate Bonnier News from 2018 to 2019. Prior to that, he headed DevOps at Expressen between 2014 and 2019 and held a similar DevOps leadership role at Dagens Industri from 2013 to 2014. These roles provided him with substantial experience in both operational and leadership capacities before entering the gambling sector.

Next Steps for Betsson Group’s Technology Function

With Ryan Schembri stepping in as interim CTO, Betsson maintains continuity in technology strategy during the search for a permanent successor. The departure comes at a time of heightened growth with expanded North American operations and continued development of the group’s multi-brand portfolio. Betsson’s ongoing quarterly gains and the successful integration of new assets will test the resilience of its tech leadership and broader executive structure. For more developments on executive movements and leadership changes in the sector, follow our regular coverage.