Evolution CEO received €2.8m pay package for full-year 2022
Martin Carlesund rewarded for steering the live casino behemoth to €1.5bn in revenue and €1bn in EBITDA
Evolution CEO Martin Carlesund took home a €2.8m pay package in 2022, according to the live casino giant’s full-year report.
The boss oversaw a stellar 2022, with the firm generating full-year revenue of €1.5bn and a 37% jump in EBITDA from €734.7m to €1bn.
Profits also soared from €605.4m to €843.4m.
Carlesund, who has been in the post since November 2016, was awarded a base salary of €2.1m for 2022 compared to the €1.9m he received for 2021.
However, the CEO saw his total pay packet slip significantly from 2021’s €10.14m.
In 2021, Carlesund netted €5.7m in benefits that were conditional on him acquiring warrants in Evolution.
This incentive was not replicated for 2022. Instead, Carlesund secured a further €680,000 in benefits and social security payments to top up his base salary.
Comparatively, Carlesund’s six C-level colleagues’ total renumeration package reached €4.8m, with Carlesund’s individual base salary nominally below the collective’s €2.14m base.
CTO David Craelius, CPO Todd Haushalter, COO Olesya Ivanova, CFO Jacob Kaplan, chief strategy officer Sebastian Johannisson and chief HR officer Louise Wiwen-Nilsson make up the Evolution C-level.
Jens von Bahr, Evolution’s chair, was paid a total of €498,000 for 2022, with total board and executive pay amounting to €8.7m.
Total exec pay for 2021 came in at a whopping €24.5m.
Elsewhere, Evolution pointed to its 30/70 women to men split across its board and senior executive team.
Across the total business, 58% of Evolution employees are women out of a total 15,499 staff.
The majority of those staff are based in Georgia (6,716), with Latvia (2,909), the US (1,841) and Malta (1,363) the next three largest talent pools.