Paradox CFO Andras Vajlok leaves

  • Push-out Score suggests push-out forces
  • After six years on the job
  • Accolades, praise, thanks and good wishes for Vajlok
  • Search for a successor
  • Vajlok spoke at length and said 96 words

(exechange) — Stockholm, Sweden, August 14, 2017 — Andras Vajlok, finance chief of Paradox, leaves. As announced by Paradox Interactive AB in a news release on Monday, August 14, 2017, Andras Vajlok leaves the post as Chief Financial Officer at the Swedish video game publisher in a surprising move after six years on the job.

Vajlok will remain with the company until a successor has been recruited and a thorough transition has taken place.

Paradox will undertake a search for a successor.

“Time for me to move on to new challenges”

The management change is explained as follows. Vajlok said: “Now it’s time for me to move on to new challenges and pass the torch to someone new.”

Precise information about the future plans of Vajlok was not immediately available.

“Step down”

Paradox said: “Paradox Interactive CFO Andras Vajlok has decided to step down.”

Chaired by Håkan Sjunnesson

Paradox Interactive AB is chaired by Håkan Sjunnesson.

CEO: Fredrik Wester

Fredrik Wester serves as CEO of Paradox Interactive AB. Wester is CEO and founder of the company and has been with Paradox since 1998.

On the job as CFO since 2011

Vajlok’s bio reads as follows:

  • Chief Financial Officer, since 2011.
  • Born: 1971
  • Education: BA from Gothenburg University.
  • Other current assignments: Chairman of the Board of Silfverlok AB. Member of the Board of Struktonit AB. Deputy board member in Paradox Development Studio AB, Paradox North AB and White Wolf Publishing AB.
  • Previous assignments: Nasdaq OMX Stockholm AB, Manpower AB.

As a general rule, when a top manager announces to step down with no successor in place, it is a sign that the move was unexpected and too early.

In general, possible causes for an unplanned management change can be, among others, disagreement or dispute and surprising new career opportunities.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Andras Vajlok’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 34.2017 ($).