Paradox Interactive has announced that after nine years CEO Fredrik Wester is stepping down to focus on "better capitalizing on Paradox’s growth opportunities". The new CEO, Ebba Ljungerud, has been on the Paradox Board for 4 years.
Fredrik Wester will become Chairman of the Board for Paradox, and he is very happy with the choice of Ebba Ljungerud as the new CEO, as he explains:
"Ebba has a good understanding of Paradox and our culture, along with extensive experience and the competence we need now and, perhaps most importantly, a strong will and ambition to continue developing the company. She has our fullest confidence after our years together in the board and I am convinced that she will strengthen our team here at Paradox tremendously.
As for what his new role will entail:
"I will be focusing on better capitalizing on Paradox’s growth opportunities. This is something I have focused heavily on during my years at Paradox but I’ve had very limited time for it over the past two years. Growth opportunities under my guidance will include mergers & acquisitions, new opportunities and business development, but I will also be supporting the organisation if needed."
Ebba Ljungerud says of her new role as CEO:
"Paradox is an amazing company and I have had the privilege to work not only with Fredrik and the rest of board but also with the management team and key people in the organisation. This, combined with my experiences of leading and developing fast-growing companies, makes me eager to continue bringing Paradox forth on our planned journey. I’m very excited to continue creating results together with the people in the organisation, working with all of our stellar products, and getting to know our community better."