Evolution CFO steps down from the job

Evolution, the world’s pioneer in the live dealer casino vertical, has announced an important change in its leadership after Chief Financial Officer Jacob Kaplan has confirmed that he will be stepping down from the role, and pass on the reins to Joakim Andersson next month.

Evolution selects new Chief Revenue Officer as incumbent leaves

Andersson will be inaugurated into the job on February 18, and he will be entering the iGaming space for the very first time, having worked at various other corporate behemoths, but never in the gambling industry.

Kaplan has been a fixture in Evolution’s corporate life for nearly a decade. Following nine years since he joined in 2016, he is now ready to step down from the Swedish company. Commenting on his decision to withdraw, Evolution CEO Martin Carlesund had this to say:

"Kaplan 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."

The chief executive was also pleased to see Andersson join the company and confirmed that he was looking forward to collaborating with the newly-appointed revenue officer. Evolution is currently facing a few challenges of its own.

The company saw its shares take a hit before the turn of the year, not least occasioned by an investigation by the UK Gambling Commission into the supplier potentially offering casino games to brands that targeted players in the country without the license to do so.

Past troubles yet to have a bearing on the company’s operational results

Evolution was also rocked by protests in Georgia, with local employees claiming that the company had offered them deplorable working conditions. Evolution has sternly denied these accusations, but said that it would not be scaling back its full operational capacity in the country.

For the most part, Evolution has enjoyed a strong performance in the live dealer casino sector, which the company essentially helped pioneer, but it is still struggling to make its slot portfolio pack quite the same punch.