Swedish-based gambling firm Global Gaming have announced that their CEO, Steffan Olsson will step down after ten years in the role.

Olsson, who stepped down at his own request will take on a new role within the business, taking responsibilities for what Global Gaming have called an ‘innovation team’, which will be internally called Global Gaming Labs.

Following the decision, current Global Gaming COO, Joacim Möller, will take over the role of acting President and CEO from the 1 May until a new person can be appointed. Global Gaming has confirmed that a recruitment process to fill this role is currently underway.

Möller is a relative newcomer to the Global Gaming business, having only been appointed as COO in the last 18 months, so the decision to appoint him to the top job is a bold one, however Global Gaming Chairman Peter Eidensjö stood by his decision, releasing a statement saying  it was “is a consequence of our long-term efforts to build a sustainable and sustainable organisation. We want to take advantage of the company's amazing growth, and we do this with the attitude that we will do our best.”

Speaking about the decision to step down, Olsson said: “It has been a fantastic trip both for me personally and for Global Gaming during all these years. I'm basically a developer, problem solver and entrepreneur, which I can do less and less now when the company has reached a new level.

"I want to devote my days to cutting-edge innovation work, and I therefore look forward to the new role, while others in the organization can focus on the ability to take care of our growth in several countries and a large number of new shareholders. "

Interim Global Gaming CEO, Joacim Möller, added: “I feel proud, excited and humble about the task of being part of the reorganisation and continued work on creating value for our owners.”