Paradox Interactive CFO Andras Vajlok has decided to step down and a process to recruit his successor has been initiated.
STOCKHOLM — August 14, 2017 — Paradox Interactive CFO Andras Vajlok has decided to step down and a process to recruit his successor has been initiated. Andras will remain with the company until a successor has been recruited and a thorough transition has taken place.
“When I joined Paradox 6 years ago, we wrote a long and extensive list of goals for the company that I wanted to achieve. Not only have we scratched off all goals on the list, we have also achieved them several years in advance of our original plans. Now it’s time for me to move on to new challenges and pass the torch to someone new. I will remain with the company until a new CFO has been recruited and I will support Paradox fully during the transition process and in any other areas as needed”, says Andras Vajlok.
“We are very grateful to Andras for his extensive contribution to the company”, said Fredrik Wester, CEO of Paradox Interactive. “He has been instrumental in running our IPO process, he has created a stable financial and legal framework for Paradox and he has been a valuable member of our management team. We wish him the best of luck in his new endeavours.”
For more information about the role and the recruitment process please contact:
Sofia Sand firstname.lastname@example.org
For additional information, please contact:
Fredrik Wester, CEO Paradox Interactive
Phone: +4670-355 54 89
This information is information that Paradox Interactive AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication on August 14, 2017.
About Paradox Interactive
The Paradox Interactive group includes publishing and internal development of games and licensing of White Wolf’s brands. The publishing operation publishes both internally developed titles and titles developed by independent studios as well as music and books. The game portfolio includes more than 90 titles and Paradox Interactive owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Tyranny and Magicka. From the start over ten years ago, the company has published its games all over the world, initially through physical distribution using partners, but beginning in 2006 has primarily distributed digitally using its own publishing arm. The development platform is primarily PC, but the company has released games on console and mobile platforms as well. The largest markets today include the US, UK, Germany, France, Russia and Scandinavia. Today, close to 1.5 million gamers play a Paradox game each month and the number of Paradox registered users exceeds six million.
Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Avanza Bank is the company’s Certified Adviser. For more information, please visit www.paradoxinteractive.com.