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After leading Sulake for 10 years, Timo Soininen, steps down from the position of CEO and joins the board of directors, according to a Sulake press release. The board of directors has named Paul LaFontaine the new CEO. He was previously the vice president for Global Distribution at Disney Playdom. Timo Soininen has effectively taken the company from a small startup in the turn of the millenium to a multi-million euro business globally. Sulake is famous for its Habbo Hotel, online social community for teens. This March we reported on Sulake’s revenues growing more than 20% from 2009 to 2010.

“Over the last decade, Timo has been instrumental in evolving Habbo Hotel and Sulake from a small, local start-up to a thriving global social gaming company targeting teens,” said Mika Salmi, chairman, Sulake. “His leadership and vision have been essential to Habbo Hotel’s success. Timo has inspired and developed Sulake’s brilliant international team. We are pleased that in his new role on the board of directors, he will continue to contribute to Habbo’s success in the teen social market.”

Soininen will transition the CEO position over to LaFontaine on September 15.

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