The CEO of Paradox Interactive will resign
Fredrik Wester has decided to step down as the CEO of Paradox Interactive. He will relinquish his duties on January 4, 2027.
From that date, the Swedish company will be led by its veteran Mattias Lilja, who joined Paradox Interactive 17 years ago and has served as Deputy CEO since April 2024.
After the reshuffle, Wester will remain on the board of directors of Paradox Interactive and retain his status as its largest shareholder.
"I never planned to remain the CEO for the rest of my life. My goal was to lay a solid foundation and then pass the baton for the company to move to the next stage of development," stated Wester.
Lilja has already announced that he wants to adjust Paradox Interactive's strategy. He intends to accelerate growth, including through increased investments in the company's core business and strengthening community engagement.
It is worth noting that Wester first took over as CEO of Paradox Interactive in 2009. In 2018, he stepped down as CEO to become Executive Chairman of the Board, but he returned to lead the company again in 2021. Under his leadership, Paradox Interactive experienced both highs and lows, but in recent quarters, it has been doing quite well financially.