Swedish mobile gambling operator LeoVegas is bidding farewell to the CEO of its Malta-based subsidiary.

On Tuesday, LeoVegas announced that Johan Styren (pictured), who heads up LeoVegas Gaming Ltd, would be leaving his post on June 30. Styren, who has held the CEO position for the last five years, will remain as director of some LeoVegas divisions for a transitional period, then it’s off into the sunset.

LeoVegas Group CEO Gustaf Hagman praised Styren’s “amazing effort” over the past five years and wished him well in his future endeavors. Styren said he was moving on to face unspecified “new challenges” but looked back fondly at his 2012 arrival at the company, when “we had just launched and we had no customers. Today, we are market leaders.”

Earlier this month, LeoVegas released its Q1 earnings report, which showed revenue rising 49% to €43.9m in the three months ending March 31. The company reported earnings of €6m versus a €1.3m loss in the same period last year, while operating profit came in at €5.5m from a €1.6m loss.