Evolution Gets New CFO After Nine Years
Evolution has announced the appointment of Joakim Andersson as its new Chief Financial Officer.
LISTEN TO THIS ARTICLE:Andersson brings extensive financial leadership experience to Evolution, having served in similar CFO roles at private equity firm Slättö, research technology provider Cint, and investment company Kinnevik.
I'm excited to share that, as of 18 February, I am beginning a new chapter in my career as the Chief Financial Officer at Evolution. I'm looking forward to collaborating with the talented team at Evolution to further strengthen the company's financial position and continue delivering value to its stakeholders.
Andersson Takes Rein from Kaplan
Andersson succeeds Jacob Kaplan, who has served as Evolution's CFO since joining the company in 2016. Andersson will assume the CFO role on February 18, while Kaplan will stay on in an advisory role for a brief period.
I want to thank Jacob for his work and contribution to the development of Evolution into the group we are today. He has been an integral part of our management team and played a key role in our expansion and mission to improve the company each day. We wish him all the best in the future. At the same time, I am very much looking forward to working with Joakim. He has a strong background as an accomplished CFO and will strengthen our team and help the company take the next steps in its development.
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Evolution Faces Regulatory Scrutiny
Evolution's new CFO appointment comes at a time when the company faces a review of its operating license by the UK Gambling Commission.
The UKGC launched the review under Section 116 of the Gambling Act 2005, after discovering that Evolution's games were being offered by unlicensed operators in the UK.
The review may result in no action, license modifications, financial penalties, suspension, or cancellation of Evolution's operating license.
However, the software provider has pledged its full cooperation with the investigation. The group promptly addressed the issue by removing content from an illegal website and will continue to work proactively with the Commission to find a resolution.
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