It was clear that Unity’s pricing changes, which caused a huge backlash from game developers and later resulted in the company backing down by making concessions, were not yet finalised and would have some consequences.
Finally, Unity announced that John Riccitiello will retire immediately as President, Chief Executive Officer, Chairman of the Board of Directors, and a member of the Company’s Board of Directors. James M. Whitehurst has been appointed Interim CEO, President, and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman.
According to the statement made by Unity, John Riccitiello will continue to advise Unity to ensure a smooth transition. Unity is expected to appoint a permanent CEO to replace John Riccitiello after finalising the transition.
John Riccitiello made the following statement;
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. I look forward to supporting Unity through this transition and following the Company’s future success.”
The opinions of James M. Whitehurst, who was appointed as interim CEO, are as follows;
“I am honored to join Unity as Interim CEO and President at this important time in its evolution. With the Company’s experienced leadership and passionate employees, I am confident that Unity is well-positioned to continue enhancing its platform, strengthening its community of customers, developers and partners, and focusing on its growth and profitability goals. I look forward to working closely with the Board and our talented global team to execute on our strategy, and I anticipate a seamless transition.”
Unity confirms its previously announced guidance for the third quarter of 2023 and will announce its third quarter 2023 financial results via a webcast on Thursday, 9 November 2023, at 23:00 after the market close.
NEXT: CD Projekt Red burned through more than $120 million to save Cyberpunk 2077
