Evolution CFO heads for the exit as successor named
Supplier giant’s current finance chief Jacob Kaplan calls time on his tenure and will be replaced by experienced CFO Joakim Andersson
Evolution has confirmed its CFO Jacob Kaplan has decided to step down from his post and will be replaced by industry newcomer Joakim Andersson next month.
Andersson, whose tenure will officially begin on 18 February, brings plenty of experience to his new post, having served as CFO at three different companies.
Most recently, Andersson was the finance chief for real estate investment firm Slättö, arriving in April 2023 from research technology provider Cint.
He spent time as Cint CFO between October 2020 and May 2022 before shifting to a senior adviser role with the company until October 2022.
His first experience of a C-suite position came at private equity firm Kinnevik in February 2015, which lasted for five years and coincided with a year-long stint as acting CEO.
Meanwhile, the departure of Kaplan brings an end to his nine-year tenure as Evolution CFO.
He will remain with the supplier in an advisory role for an undisclosed period, the Stockholm-listed firm added.
Prior to his arrival at Evolution in 2016, Kaplan also had experience elsewhere as a CFO, occupying the position for Stockholm-based Nordnet Bank between 2010 and 2016.
Evolution CEO Martin Carlesund said: “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.”
Carlesund also welcomed the arrival of Andersson, adding: “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.”
Evolution in currently under investigation by the Gambling Commission after the regulator found the supplier’s games on unlicensed operator’s sites in the UK.
When Evolution confirmed the investigation before Christmas, its shares slumped from SEK915.20 to SEK822.40.
The supplier giant’s stock has since recovered to SEK880.60 at the time of writing.
Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.