Bobby Kotyk will leave Activision on December 29

Bobby Kotyk will leave Activision on December 29

Activision Blizzard CEO Bobby Kotyk will step down on December 29. He will be followed by several other top executives, including Activision Blizzard director of public relations Lula Meservi and Blizzard vice chairman Humam Sakhnini. They will leave the company at the end of December and January, respectively.

Microsoft has not yet named a successor to Kotika, but a number of Activision Blizzard executives, including Blizzard President Mike Ybarra, Activision Publishing President Rob Kostich and Activision Vice Chairman Thomas Tipple, will transition to Xbox President of Studios and Game Content Matt Booty.

“Today Activision CEO Bobby Kotyk officially announced that December 29, 2023 will be his last day at Microsoft Gaming. Under Bobby’s leadership, Activision Blizzard has become a mainstay in the video game industry. Whether it’s Call of Duty, World of Warcraft, Candy Crush Saga or many other games, his teams have created beloved franchises and entertained hundreds of millions of players for decades. I would like to thank Bobby for his invaluable contributions to the industry, his cooperation in closing the deal to acquire Activision Blizzard, and wish him and his family the best in his next chapter,” The Verge quoted Phil Spencer, CEO of Microsoft Gaming, as saying in an internal letter. Spencer also added that “the leadership changes will provide the clarity and accountability needed to achieve the company’s ambitious goals and build a culture of gaming for all.”

“Perhaps the most important part of my job has been to help bring together talented people, provide better resources and create an environment that encourages inspiration, creativity and an unwavering pursuit of excellence. I cannot express enough how proud I am of those who continue to contribute to our success and of all those who have helped me during the 32 years I have led this company. We are part of the most respected company in the world. This is not an accident,” said Kotyk himself in his farewell letter.

The CEO of Activision has been at the center of scandals related to the toxic culture at Activision Blizzard in recent years, which flared up in 2021. Despite this, he remained in the executive position and negotiated the sale of Activision Blizzard to Microsoft for $69 billion. Kotyk will leave the company 2.5 months after the deal is completed.

Previously, the media reported that if Microsoft decides to resign Kotyk, he will receive the corresponding payments. According to a report dated June 23, 2021, the amount of compensation in case of removal from the position should be about $293 million. According to the calculations of the VGC portal, the amount of the payment is $371 million — on August 7, 2021, Kotyk owned 3,908,698 shares of Activision Blizzard, Microsoft is buying $95 for piece

Related posts