Devolver Digital CEO Douglas Morin has stepped down

[John Elden Ring]

Devolver Digital CEO Douglas Morin has stepped down with immediate effect.

The indie publisher, known for titles like Cult of the Lamb, Inscryption, and Hotline Miami, said the move was part of its plan to deliver "long-term growth and development."

Morin joined Devolver in 2020 as chief of staff and was named CEO in 2021. He will be replaced by executive chairman and co-founder shareholder, Harry Miller.

Devolver praised Morin's leadership and said he "played a vital role in Devolver's IPO, strengthened the corporate and operating structure of the listed company, and championed the acquisition of System Era Softworks."

 

[Evilnemesis8]

Things are REALLY rough at Devolver right now. If you look at their current valutation, it's down something like 90%~ from their peak back in 2022. This is after doing an IPO in 2021.

So yeah, the expansion and going public has not been going very well for them.

 

[Darth Vader]

Don't worry, while many may lose their jobs due to his incompetence, I'm sure he got a very nice parachute payment.

 

[xollowsob]

I've heard he was a nonce.

 

[Old Gamer]

Morin joined Devolver in 2020 as chief of staff and was named CEO in 2021.

That's around the time that Devolver started giving Xbox timed exclusivity deals.

 

[anonpuffs]

Things are REALLY rough at Devolver right now. If you look at their current valutation, it's down something like 90%~ from their peak back in 2022. This is after doing an IPO in 2021.

So yeah, the expansion and going public has not been going very well for them.

Is that why plucky squire got delayed?

 

[Evilnemesis8]

Is that why plucky squire got delayed?

Maybe? Plucky Squire devs founded the studio in 2019 and its their first game.

Impossible to know really. Could be reduced funds on the publisher side or just a new studio being ambitious with their first project and going over schedule/scope.

 

[Kx11]

Oh man

i hope he greenlit this gem's remake/sequel sine the original publisher won't

 

[Yurinka]

That's around the time that Devolver started giving Xbox timed exclusivity deals.

Yes. I think they should stop that and I'd consider to sell the company to Sony instead.