James Whitehurst has been appointed Interim chief executive officer. Unity’s board said it would start a search process to find a permanent CEO.
Unity executive John Riccitiello is retiring and stepping down as chief executive officer of the game development platform company.
“It’s been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers and partners, all of whom have been instrumental to the Company’s growth,” Riccitiello said in the release. James Whitehurst has been appointed Interim chief executive officer. Whitehurst was the CEO of RedHat before it was acquired by IBM. The leadership transition is effective immediately.Riccitiello joined Unity in 2014 when it was a private company, after serving as the CEO of videogame publisher Electronic Arts from 2007 to 2013. Riccitiello made numerous acquisitions during his tenure at EA that didn’t work out. EA’s stock fell by more than 60% during his time as CEO.
Riccitiello’s departure also comes after a turbulent period for Unity. In September, Unity announced a controversial new price hike plan that was met with a widespread revolt from its customers. The company was forced to apologize and backtrack on some parts of the plan. Its shares have fallen 27% over the past three months.
Unity’s board said it would start a search process with an executive search firm to find a permanent CEO. The company reaffirmed its previously announced third quarter 2023 guidance and said it would report its results on Nov. 9.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stock movers: Hyatt Hotels, Unity Software, ParaZero Technologies, PagerDutyHyatt Hotels, Unity Software, ParaZero Technologies, and PagerDuty saw their share prices move in out-of-hours trading
Consulte Mais informação »
Unity Software surges on news John Riccitiello will step down as CEO, ChairmanUnity Software surges on news John Riccitiello will step down as CEO, Chairman
Consulte Mais informação »
Unity Software, Northrop, PagerDuty, Ventyx, PepsiCo, and More Stock Market MoversUnity Software Chairman and CEO John Riccitiello is retiring, Northrop Grumman stock extends gains, and PepsiCo is scheduled to report third-quarter earnings.
Consulte Mais informação »
Unity Software’s Chairman, CEO John Riccitiello leaving companyWallace Witkowski came to MarketWatch from the Associated Press in New York, where he covered the business of Big Pharma, after covering FDA regulation of many of the same companies, as well as medical devices, in the Washington, D.C., area. Based in San Francisco, his current focus is on the more exciting world of semiconductors, videogames and cybersecurity, when he's not churning out earnings coverage. Follow him on Twitter at: wmwitkowski.
Consulte Mais informação »
Unity CEO John Riccitiello Steps Down After Price Hike Plan BacklashJames Whitehurst has been appointed Interim chief executive officer. Unity’s board said it would start a search process to find a permanent CEO.
Consulte Mais informação »
John Riccitiello, Unity Software's CEO and chairman, is leaving the companyCompany affirms third-quarter outlook
Consulte Mais informação »