Alexis Bonte is the interim CEO of Stillfront Group with immediate effect. The decision was taken by the Board of Directors after the departure of the company’s founder and former CEO Jörgen Larsson.
When Larson founded Stillfront in 2010, the plan was to create a diversified portfolio of games with long life-cycle through the acquisition of indie game studios and letting the studios maintain full autonomy within the group.
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Earlier in September 2024, Stillfront presented a new group management structure that divided operations into three business areas aimed at enhancing organic growth, profitability, and transparency.
The restructuring will allow the company to pay more attention to key franchises and address low-performing games. The restructure is expected to be fully implemented by the fourth quarter of 2025 and save the company between 200 and 250 MEK annually compared to the second quarter of 2024.
“The efficiency measures we have taken continue to support increased profitability, and cash flow generation remains strong, as does our financial position,” said the chairman of the board of Stillfront, Katarina Bonde.
“Stillfront has important work ahead to improve the company’s growth and achieve the cost savings communicated in connection with the announcement of a new management structure with operations divided into three business areas. This is a new phase in Stillfront’s journey, and for this work to be driven offensively and with full force, the Board has concluded that a new leadership is the way forward for Stillfront.”
Jörgen Larsson is proud of what he has built at Stillfront
Since founding the company 14 years ago, Larsson has gone on an independent game studio acquisition spree. Under the company’s portfolio are studios scattered all over Europe, Asia, and America including Power Challenge, Goodgame Studios, Storm8, and Moonfrog. Its latest acquisition was Hong Kong-based 6waves in 2022.
“I am very proud of the journey Stillfront has made and the leading position the company holds today,” Larsson said. “Stillfront has an experienced team, and the right strategy with great opportunities ahead. I will remain a significant shareholder and continue to closely follow the company.”
The company has initiated the process of recruiting a new permanent CEO. While the process is ongoing, Bonte who joined the company in 2017 will fill the void on an interim basis.
“Stillfront’s strategy remains unchanged, and the focus is on executing the synergy phase, particularly by implementing the new organizational and governance model as quickly as possible,” Bonte said.
“This will provide better conditions for the game teams to focus on core activities, enable growth, and achieve our cost-saving goals according to the timeline we have presented.”
