Evolution Management

Management criteria checks 3/4

Evolution's CEO is Martin Carlesund, appointed in Nov 2016, has a tenure of 7.5 years. total yearly compensation is €6.39M, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth MX$1.25B. The average tenure of the management team and the board of directors is 7.9 years and 9.3 years respectively.

Key information

Martin Carlesund

Chief executive officer

€6.4m

Total compensation

CEO salary percentage	40.9%
CEO tenure	7.5yrs
CEO ownership	0.3%
Management average tenure	7.9yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Martin Carlesund's remuneration changed compared to Evolution's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	€6m	€3m	€1b
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€960m
Mar 31 2023	n/a	n/a	€897m
Dec 31 2022	€3m	€2m	€843m
Sep 30 2022	n/a	n/a	€791m
Jun 30 2022	n/a	n/a	€728m
Mar 31 2022	n/a	n/a	€671m
Dec 31 2021	€10m	€2m	€605m
Sep 30 2021	n/a	n/a	€514m
Jun 30 2021	n/a	n/a	€436m
Mar 31 2021	n/a	n/a	€362m
Dec 31 2020	€2m	€1m	€285m
Sep 30 2020	n/a	n/a	€251m
Jun 30 2020	n/a	n/a	€211m
Mar 31 2020	n/a	n/a	€175m
Dec 31 2019	€999k	€753k	€150m
Sep 30 2019	n/a	n/a	€128m
Jun 30 2019	n/a	n/a	€110m
Mar 31 2019	n/a	n/a	€96m
Dec 31 2018	€816k	€628k	€83m
Sep 30 2018	n/a	n/a	€76m
Jun 30 2018	n/a	n/a	€71m
Mar 31 2018	n/a	n/a	€66m
Dec 31 2017	€513k	€513k	€62m

Compensation vs Market: Martin's total compensation ($USD6.93M) is about average for companies of similar size in the MX market ($USD5.97M).

Compensation vs Earnings: Martin's compensation has increased by more than 20% in the past year.

CEO

Martin Carlesund (53 yo)

7.5yrs

Tenure

€6,386,000

Compensation

Mr. Martin Carlesund has been the Chief Executive Officer of Highlight Media Holdings Ltd. since 2009. Mr. Carlesund has been the Chief Executive Officer of Evolution Gaming Group AB since November 1, 2016...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jens von Bahr	Co-Founder	9.3yrs	€526.00k	no data
Martin Carlesund	Group Chief Executive Officer	7.5yrs	€6.39m	0.32% € 1.3b
Fredrik Österberg	Co-Founder & Director	no data	€131.00k	0.024% € 91.4m
Richard Hadida	Co-Founder and Creative Director of Group	no data	no data	no data
Jacob Kaplan	Chief Financial Officer	7.4yrs	no data	0.028% € 109.7m
David Craelius	Chief Technology Officer	8.3yrs	no data	0% € 0
Carl Linton	Head of IR	no data	no data	no data
Amy Riches	Head of Marketing	no data	no data	no data
Louise Wivén-Nilsson	Chief Human Resources Officer	no data	no data	0.011% € 41.7m
Todd Haushalter	Chief Product Officer & Games Operations	8.7yrs	no data	0.045% € 176.1m
Sebastian Johannisson	Chief Strategy Officer	no data	no data	0.33% € 1.3b
Olesya Ivanova	Chief Operating Officer of Latvia	no data	no data	0% € 0

7.9yrs

Average Tenure

50.5yo

Average Age

Experienced Management: EVO N's management team is seasoned and experienced (7.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jens von Bahr	Co-Founder	9.3yrs	€526.00k	no data
Fredrik Österberg	Co-Founder & Director	9.3yrs	€131.00k	0.024% € 91.4m
Joel Citron	Independent Director	9.3yrs	€131.00k	0.11% € 439.0m
Sandra Urie	Independent Director	2.6yrs	€131.00k	0.00014% € 542.4k
Ian Livingstone	Independent Director	9.3yrs	€131.00k	no data
Mimi Drake	Independent Director	2.8yrs	€131.00k	0.00014% € 542.4k

9.3yrs

Average Tenure

58yo

Average Age

Experienced Board: EVO N's board of directors are considered experienced (9.3 years average tenure).

Evolution Management

Management criteria checks 3/4

Key information

Recent management updates

Group Chief Executive Officer recently bought Mex$162m worth of stock

Evolution AB (Publ) Announces Nomination Committee for the 2024 Annual General Meeting

Evolution AB (publ), Annual General Meeting, Apr 26, 2024

Evolution AB (Publ) Announces Resignation of Jonas Engwall from the Board

Evolution AB Announces Nomination Committee for the 2023 Annual General Meeting

Chief Technology Officer recently bought Mex$6.4m worth of stock

Recent updates

Evolution AB (Publ) Approves Dividend for the Year 2023, Payable on 8 May 2024

Full year 2023 earnings released: EPS: €5.01 (vs €3.95 in FY 2022)

Full year 2023 earnings released: EPS: €5.01 (vs €3.95 in FY 2022)

Evolution AB (Publ) Proposes A Dividend

Federman & Sherwood Files Securities Class Action Lawsuit Against Evolution AB, Martin Carlesund, and Jacob Kaplan

Evolution AB (publ) Announces US Launch of Crazy Time

Group Chief Executive Officer recently bought Mex$162m worth of stock

Evolution AB (publ) to Report Fiscal Year 2023 Results on Feb 01, 2024

Evolution AB (Publ) Announces Nomination Committee for the 2024 Annual General Meeting

Evolution AB (publ), Annual General Meeting, Apr 26, 2024

Evolution AB (Publ) Announces Resignation of Jonas Engwall from the Board

Full year 2022 earnings released: EPS: €3.95 (vs €2.83 in FY 2021)

Evolution AB (Publ) Proposes Dividend for the Year 2022

Investor sentiment improved over the past week

Evolution AB (publ) to Report Q2, 2023 Results on Jul 21, 2023

Evolution AB Announces Nomination Committee for the 2023 Annual General Meeting

Evolution AB (publ) to Report Fiscal Year 2022 Results on Feb 02, 2023

Second quarter 2022 earnings released: EPS: €0.94 (vs €0.68 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: €0.93 (vs €0.62 in 1Q 2021)

Evolution Declares Dividend Payable on April 21, 2022

Upcoming dividend of €1.42 per share

Chief Technology Officer recently bought Mex$6.4m worth of stock

Investor sentiment deteriorated over the past week

Chief Strategy Officer recently sold Mex$474m worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Evolution AB (publ) to Report Fiscal Year 2021 Final Results on Mar 18, 2022

Evolution AB (publ) Proposes Dividend

Investor sentiment deteriorated over the past week

Evolution AB (publ) (OM:EVO) commences an Equity Buyback Plan for 21,511,111 shares, representing 10% of its issued share capital, under the authorization approved on April 16, 2021.

Chief Human Resources Officer recently bought Mex$5.8m worth of stock

Chief Human Resources Officer recently sold Mex$17m worth of stock

Group Chief Executive Officer recently bought Mex$61m worth of stock

Third quarter 2021 earnings released: EPS €0.73 (vs €0.44 in 3Q 2020)

Evolution AB (publ) (OM:EVO) entered into an agreement to acquire DigiWheel.

Evolution AB (publ) Launches Third US Live Casino Studio, Serving New Michigan Market

Evolution AB (publ) (OM:EVO) completed the acquisition of Big Time Gaming Pty Ltd.

Evolution Launches Gonzo's Treasure Hunt™, Blending Live Casino and Slots, as the Online Game Show with VR Mode

First quarter 2021 earnings released: EPS €0.62 (vs €0.30 in 1Q 2020)

Full year 2020 earnings released: EPS €1.55 (vs €0.83 in FY 2019)

Revenue beats expectations

Evolution Gaming Group AB (publ) Announces Cecilia Lager Leaves Board of Directors

Evolution Announces Enter into A Partnership with JVH Gaming & Entertainment Group for the Supply of Live Casino Content and Services in the Netherlands

Investor sentiment improved over the past week

Evolution Launches World's First Online Live Craps Game

Evolution and Caesars Entertainment Launches Online Live Casino in Pennsylvania

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Evolution Gaming Group AB (Publ) Enters into Agreement with Wynn for the US Market

Evolution Gaming Group AB (publ) (OM:EVO) made an offer to acquire NetEnt AB (publ) (OM:NET B) for SEK 19.6 billion.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age