Evolution has confirmed a shift of its senior team, with Jacob Kaplan stepping down as Chief Financial Officer to be replaced by Joakim Andersson.
Ensuring a smooth transition, Kaplan will remain with the company in an advisory role for a period of time, with Andersson beginning the CFO role on 18 February.
”I want to thank Jacob for his work and contribution to the development of Evolution into the group we are today,” stated Martin Carlesund, CEO of Evolution.
“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.”
Andersson has previously worked as a CFO for private equity real estate investor Slättö, research technology provider Cint and investment company Kinnevik.
Carlesund added: “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.”
Commenting on his new role, Andersson said on LinkedIn: “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.”
The CFO change comes as Evolution Malta Limited is being reviewed by the UK Gambling Commission (UKGC) regarding its operating licence in the UK market.
The review has been initiated under Section 116 of the Gambling Act 2005 after the UKGC identified Evolution games as “being accessible from the UK through operators not holding a Commission license”.
Possible outcomes from the review include no action being taken, conditions being imposed on the licence, financial sanction, suspension and revocation of Evolution’s licence to operate.
Evolution has stated that it is cooperating with the UKGC to resolve the matter.
