Lars Wingefors
Sweden
Saudi Arabia
CEO
All
Lars Wingefors Sweden Saudi Arabia CEO Lars Wingefors Sweden Saudi Arabia

Embracer's Wingefors admits he deserves criticism for state of company

pcgamesinsider.biz

The CEO of troubled Swedish games firm Embracer Group, Lars Wingefors, has admitted that he is deserving of criticism for the current state of his company.

Speaking to GI.biz, the exec responded to some of the negative feedback he has received in the last year for some decision that he had undertaken.

This included going into debt in acquiring Asmodee and failing to land a $2 billion investment from Saudi Arabia's Savvy Gaming that resulted in its house of cards of acquisitions and game development projects to come tumbling down.

Embracer is now splitting itself into three separate companies. "I'm sure I deserve a lot of criticism, but I don't think my team or companies deserve all the criticism," Wingefor said. "I could take a lot of that blame myself.

But ultimately I need to believe in the mission we set out and that is still valid, and we are now enabling that by doing this [new] structure. "I still feel I have the trust from many or all of my key entrepreneurs and CEOs that have joined the group.

CEO Lars Wingefors Sweden Saudi Arabia
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