Finnish Paf appoints new CEO

Ingves will commence his new role on May 1st while Porko will remain with the company until December 31st.

Ingves has previously worked as CEO for Åland's Tourism Board and deputy CEO of Ålandsbanken. Most recently he was CEO for Ålandian shipping company Birka Line. He has also held leading positions for Carpark, and advertising agency Morgondagen in Stockholm.

Jarl Danielsson, Paf's Chairman of the Board said: "International expansion and consumer relations are strategically important questions for Paf. After a careful evaluation of a large number of candidates we have concluded that Anders is the most suitable candidate to lead Paf in the future."

Anders Ingves said: "It is fun and exciting that the board has chosen me for this position. Paf is a very interesting company that does business in the global entertainment industry. Through my various assignments and positions, I have learnt that all companies are created by people for people. But the most important thing for leaders is an interest in people.

"Paf feels young and has had a rapid growth. Paf works in an interesting part of the entertainment industry. I see great potential for growth for the company, even if it will be tough to shoulder Lars Porko's mantle," he added. Ingves has been a member of Paf's board for a number of years, and has been Chairman of the Board for Posten Åland Ab since the beginning of 2009.

Paf provides its gaming services on and from the island of Åland, an autonomous region of Finland, from where the company has offered online gaming as a public association since 1999.